Company Information

Get to know PALMPAY HR

Founded in 2019, PalmPay is a mobile payments operator dedicated to driving financial inclusion across Africa. It provides a secure and user-friendly digital wallet that allows users to send and receive money, pay for bills and utilities, top up airtime, and access savings products. As part of the Transsion Holdings group, PalmPay leverages a vast ecosystem to reach millions of users, focusing on rewarding transactions with cashback and discounts to encourage the adoption of digital payments. The company aims to become Africa's largest financial services platform by providing accessible and affordable solutions.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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PALMPAY HR

Nigeria

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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Markets.com

(327 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.