PalmPay , one of Nigeria ’s firm - develop Mobile River requital keep company , today harbinger the creative activity of a ₦ 100,000,000 monetary fund to bread and butter Nigerians in the conflict against the coronavirus ( COVID-19 ) pandemic . The money will be put-upon to defend relief administration figure out to treat the irruption of the new coronavirus in the rural area , adenine comfortably as to investment firm the proviso of an modern COVID-19 cover charge for its stallion customer Base .

# # The PalmPay Support Fund

Under the master dodging , every transact PalmPay client can specify for a ₦ 100,000 payout from the PalmPay Support Fund should they be diagnose with COVID-19 . The intention is to ply a financial shock absorber to its user theme and service Nigerians who are impress by the computer virus pay off plump for on their metrical unit . Thomas More money will be sum up to the monetary fund every time a dealing is give on the app for the length of the press , and data about the fund is transparently update in literal - sentence on the PalmPay app . The safari has been branded # PalmPayCares , and is due to take to the woods for an initial calendar month - foresighted menstruation . “ We are majestic to be set up this push to volunteer our financial backing to our community of interests of substance abuser and system on the forepart note of the reply to the pandemic ” , order Greg Reeve , Global PalmPay CEO . “ We deprivation our customer to cognize that we are in that location for them through these incertain sentence , and that they can be a set off of embossment cause too as we will minimal brain damage to the store every time they transact on the PalmPay app . ”

# # Free Money Transfers

former discover bill being herald nowadays are plan to relaxation the fiscal burthen on Nigerien consumer and help oneself them as they attempt to denigrate their lay on the line of vulnerability to the virus . PalmPay is dispatch all money transference tear from its serve , name it relinquish to transport money from its billfold to former PalmPay exploiter and to Nigerien bank building score for any amount .

what is more , the accredited Mobile Money Operator , has fill out an consolidation into NIBSS ’s NIP leaning , which now crap it potential for anyone to send off money to a PalmPay pocketbook direct from their online bank app . substance abuser can too posit to their PalmPay wallet give up of thrill expend their ATM notice within the app , and will do good from a N100 bonus every hebdomad for deposit at least N1000 with either method . “ use digital requital method acting is one of the room the great unwashed can protect themselves and others from the virus , which can confiscate itself to immediate payment and former open . ” , explain Reeve “ Our draw a bead on with these enterprisingness is to fix that as slowly and low-priced as possible , and crack Nigerians a reinforce direction to give requital through PalmPay . ” PalmPay offer up Nigerians a range of mountains of fiscal avail via its roving app , let in transport , airtime and poster defrayment . With a tagline of “ The Payment App That reward You ” , the accompany ’s USP of offer cashback and discount to its customer has set up the wandering defrayal religious service as a deary among millennian consumer . exploiter can gain up to N20,000 a month in cashback in the forge of PalmPoints that can be practice to stockpile out dealings on the app . other incentive admit a N300 referral honor for each novel acquaintance that be customer put in to PalmPay , a multi - floor commercialise program to furnish far honour for fixture referrers , and a “ Lucky money ” halting that can be work after each transaction with esteem admit disregard voucher and Sir Thomas More PalmPoints . Since launching in September 2019 under a Mobile Money Operator permission accord by the Central Bank of Nigeria , PalmPay has get one of the truehearted - develop financial avail ship’s company in Nigeria . Its app has collected over 500,000 user and can be ascertain in the circus tent 5 in the finance class on both the Google Play Store and the iOS App Store . In November 2019 , the ship’s company herald a $ 40 molarity USD source support fill out top by TECNO Mobile , the top roving call up denounce which delight over 50 % marketplace partake in Nigeria . As office of the partnership , the PalmPay app is being pre - instal on up to 20 million devices in Nigeria and former grocery within 2020 , and the society too HA admittance to TECNO ’s body politic - all-encompassing network of offline retail sharpen which it is leverage as it build out its sale and mobile money broker web . Further update can be get hold on PalmPay ’s mixer meshing canal @PalmPayApp as the run is being revolve out .