PalmPay will expand to South Africa, Côte d”Ivoire, Uganda, and Tanzania in 2025 after strong growth with 15 million daily transactions in Nigeria.
Multiple reports have confirmed that the Nigerian fintech company PalmPay has announced plans to expand its operations to South Africa, Côte d’Ivoire, Uganda, and Tanzania before the end of 2025.
According to the reports, the move comes on the back of strong growth in its home market of Nigeria, where the platform processed over 15 million daily transactions in the first quarter of 2025.
PalmPay’s decision to enter these new markets potentially aligns with its strategy to broaden its footprint across Africa, offering digital payment solutions and financial services to a growing customer base.
