Connect with us
Anglostratits

Business

PalmPay Named Among Top 250 Fintech Companies in the World by CNBC and Statista

Published

2 years ago

on

More than 2000 companies were evaluated globally based on general and sector-specific KPIs to determine the final selection

LAGOS, Nigeria, July 19, 2024/APO Group/ — 

PalmPay (www.PalmPay.com), a leading Africa-focused fintech platform, has been included in the 2024 edition of CNBC and Statista’s prestigious list of the “Top 250 Fintech Companies in the World.” This recognition underscores PalmPay’s rapid growth and significant contributions to advancing financial inclusion.

The CNBC/Statista list honours fintech pioneers significantly transforming the financial services industry through technology. More than 2000 companies were evaluated globally based on general and sector-specific KPIs to determine the final selection. In 2024, some of the most influential fintechs in the world were included in the list, including Alipay, Nubank, Monzo, and Revolut. Six other African firms made the list: Flutterwave (Nigeria/US) – Payments; Kuda (Nigeria/UK) – Neobanking; MTN (South Africa) – Payments; Piggyvest (Nigeria) – Financial planning; and Yoco (South Africa) – Payments.

PalmPay has developed an integrated platform that caters to consumers and businesses in the African market. The startup, which has been operating since 2019, pioneered a unique model in Nigeria that provides financial services such as money transfers, bill payment, credit services and savings via a one-stop-shop fintech ‘superapp’ and mobile money agents.

This dual approach of easy-to-use digital banking, combined with offline touchpoints for those without smartphones, has contributed to driving financial inclusion in a market where more than 40% of adults remain unbanked.

This recognition validates our unique approach to financial services and our commitment to driving financial inclusion

In 2023, PalmPay announced a major milestone of reaching 30 million registered users on its smartphone apps and 1.1 million businesses in its network of mobile money agents and retail merchants. A third of PalmPay customers report that the platform was their first-ever financial account.

PalmPay has quickly grown to become a market leader in Nigeria thanks to its user-friendly interface, reliable transactions, and focus on driving market share through fee-free transfers and promotions. PalmPay processes 15 million transactions on its consumer app daily and maintains a 99.5% transaction success rate.

To achieve this scale in a market where 10% transaction failure rates were common, the company built out its payment infrastructure, channel integrations and transaction routing systems. In addition to its consumer wallet, PalmPay offers services to businesses that leverage the PalmPay platform via its suite of POS machines, APIs and checkout solutions.

“It’s an honour for PalmPay to be recognised by CNBC and Statista as one of the World’s Top Fintech Companies,” said Sofia Zab, Global CMO, “This recognition validates our unique approach to financial services and our commitment to driving financial inclusion. We are actively expanding PalmPay’s reach and offerings, ensuring more people have access to essential financial services and promoting economic development in emerging markets”

PalmPay operates in several key markets across Africa, including Nigeria, Ghana and Tanzania, with plans to expand further in the region and other emerging markets. The company has global HQs in China and London.

For more information, visit www.PalmPay.com

Distributed by APO Group on behalf of PalmPay.

Related Topics:
Continue Reading
Advertisement

Business

Learning curves: Addressing the skills shortage in African mining

Published

14 hours ago

on

March 23, 2026

By

mining

The discussion will unpack key factors contributing to the skills shortage and examine how stronger collaboration between mining companies, universities and Technical and Vocational Education and Training (TVET) institutions can help bridge the gap

CAPE TOWN, South Africa, March 23, 2026/APO Group/ –The African mining industry is undergoing rapid transformation, driven by technological advancements, increasing sustainability demands, and rising global demand for critical minerals. However, a widening skills gap continues to pose a significant challenge to the sector’s growth and long-term competitiveness.

 

To address this pressing issue, an upcoming webinar hosted by Vuka group’s Mining Review Africa will bring together industry experts to explore practical solutions for building a skilled and future-ready mining workforce across the continent.

The discussion will unpack key factors contributing to the skills shortage and examine how stronger collaboration between mining companies, universities and Technical and Vocational Education and Training (TVET) institutions can help bridge the gap. It will also consider how digitalisation and automation are reshaping workforce requirements, and what this means for the next generation of mining professionals.

Participants can expect insights on:

  • Key causes of the mining skills shortage across Africa
  • Strengthening collaboration between industry, universities, and TVET institutions
  • The impact of digitalisation and automation on workforce requirements
  • Strategies for developing the next generation of mining professionals
  • Practical solutions for upskilling and workforce development
  • How regional collaboration can develop a skilled workforce
  • Preventing the brain drain in African mining as skilled workers seek greener pastures

 

Event details:
Date: 7 May 2026
Time: 14:00 (SAST)

To register for the webinar, visit: https://apo-opa.co/4brnadB

Distributed by APO Group on behalf of VUKA Group.

Continue Reading

Business

Mining Review Africa Introduces French and Portuguese Website Translation

Published

14 hours ago

on

March 23, 2026

By

vukagroup

By enabling multilingual access, Mining Review Africa aims to better serve its diverse readership, including industry professionals, policymakers and investors who rely on timely mining news and insights

CAPE TOWN, South Africa, March 20, 2026/APO Group/ –VUKA Group’s (https://WeAreVUKA.com/) Mining Review Africa has introduced French and Portuguese translations on its website, responding to growing demand from readers across the continent.

 

This allows users to access content in multiple languages, improving accessibility for audiences in regions where English is not widely used.

We recognise that language should not be a barrier to information, especially in a sector that plays such a critical role in the continent’s economic growth

The move follows insights gathered by VUKA Group during its flagship mining events held across Africa, including DRC Mining Week, Angola International Mining Conference and Nigeria Mining Week The organisers noted a clear need for more inclusive communication, particularly in countries where French and Portuguese are dominant languages in business and industry engagement.

By enabling multilingual access, Mining Review Africa aims to better serve its diverse readership, including industry professionals, policymakers and investors who rely on timely mining news and insights.

“This development is part of our ongoing commitment to making mining content more accessible across Africa,” Mining Review Africa’s Editor-In-Chief, Gerard Peter said. “We recognise that language should not be a barrier to information, especially in a sector that plays such a critical role in the continent’s economic growth.”

The translation feature is now live and available to all users on the Mining Review Africa website.

Distributed by APO Group on behalf of VUKA Group.

Continue Reading

Business

Qianhai Launches OPC Mavericks Program to Empower Global AI Solopreneurs

Published

14 hours ago

on

March 23, 2026

By

QianHai

SHENZHEN, CHINA – Media OutReach Newswire – 20 March 2026 – On March 18, Qianhai, a flagship hub for institutional opening-up, high-end services and technological innovation in southern China, officially opened the application portal for the Qianhai OPC (One-Person Company) International Community and launched its global OPC Mavericks Program. Adhering to the philosophy of “All Innovation, Zero Distraction”, the initiative aims to build the world’s leading ecosystem for AI-driven one-person companies.

Widely recognized as a pioneering zone for China’s institutional opening-up and a key innovation node in the Guangdong-Hong Kong-Macao Greater Bay Area, Qianhai leads the country in piloting cross-border cooperation, regulatory innovation and business-friendly reforms. It has grown into a highland for advanced services, tech research and development, and entrepreneurial ecosystems, connecting global talents, capital and technologies with the massive market of the Greater Bay Area.

The OPC Mavericks Program targets six elite groups: academic pioneers, tech veterans, global AI competition winners, elite prodigies, influential open-source contributors, and outstanding graduates in AI and computer science. Eligible projects should leverage generative AI, large language models, AI agents and automation to build sustainable closed-loop businesses.

As the world’s first vertical accelerator dedicated to OPCs, the community provides a tailor-made AI launchpad with the SENSE ecosystem and the “Eight Zeros” guarantee to remove startup barriers: supported office space up to 200㎡ for two years, talent housing up to 50㎡ per person, annual free computing power up to 50P, free LLM trials, Greater Bay Area market access, collateral-free loans, high-risk-tolerance seed funding, annual talent rewards up to 600,000 RMB, and one-stop services for visas, finance, IP, taxation and global internet access.

To help global innovators experience opportunities in the region, Qianhai offers the Shenzhen-Hong Kong 72-Hour Experience Pass, which was officially launched in 2025. This pass provides streamlined entry arrangements, guided visits to tech platforms, enterprises and research institutions in both cities, and on-site insights into the OPC entrepreneurship environment. It serves as a key channel for global talents to fully explore cooperation and development prospects in the Greater Bay Area.

The program supports AI solopreneurs to turn ideas into scalable businesses. Qualified applicants can submit core founder resumes and project pitch decks to inqianhai@qhidg.com to join the program and embrace new opportunities in the Greater Bay Area.

Continue Reading

Trending