Financial technology company PalmPay has been named the Digital Payments Platform of the Year at the 2026 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.
The award was presented during a ceremony on October 9, 2026, at the Civic Centre in Lagos. Publisher and co-founder of BusinessDay, Frank Aigbogun, presented the honour in recognition of the contributions of the firm to digital transactions and financial inclusion.
PalmPay, since launching it operations in Nigeria in 2019, has built a digital financial ecosystem enabling customers to execute payments, settle bills, and access financial services. The platform currently serves over 35 million users, supported by a network of merchants and agents across the country.
The Managing Director of PalmPay Nigeria, Chika Nwosu, while receiving the award said the fin-tech company is committed in making financial services more accessible and secure for millions of it Nigerians customers.
“We are honoured to receive the Digital Payments Platform of the Year award at the BAFI Awards. Digital payments have become an important part of how Nigerians manage their finances, run businesses and carry out everyday transactions. This award reflects our continued commitment to making financial services more accessible, reliable and secure for the millions of customers who use PalmPay every day.”
He added that as the industry advances financial inclusion, the platform’s responsibility extends beyond processing transactions to empowering users with security tools and operational guidance.
The company, in order to strengthen user protection, revealed that its ‘PalmPay Dey For You’ safety campaign, which is now available nationwide, is aimed at educating customers on the security features of the platform and safe online habits.
PalmPay pledged that it will continue investing in technology, security, and customer experience as it expands access to financial services across Nigeria and other markets.
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