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PalmPay, a leading African digital bank, has once again secured international recognition, earning a coveted spot on CNBC and Statista’s 2025 list of the Top 300 Fintech Companies in the World.
This marks the second consecutive year PalmPay has been featured among the world’s most innovative and influential fintech firms, joining the ranks of global heavyweights such as Revolut, Nubank, and Ant Group.
Commenting on the recognition, Sofia Zab, Founding Chief Marketing Officer at PalmPay, described the achievement as a powerful endorsement of the company’s mission to drive financial inclusion across emerging markets.
“To be recognised by CNBC and Statista is a strong affirmation of our commitment to building a more inclusive financial system,” Zab stated.
She emphasized that PalmPay’s strategy leverages advanced technology and a robust local distribution model to reach underserved communities.
“With a customer-first mindset, we’ve grown Nigeria’s leading neobank,” she added.
PalmPay currently boasts over 35 million registered users, processing up to 15 million transactions daily. In its core market of Nigeria, the company offers a comprehensive suite of services—including money transfers, bill payments, credit, savings, and insurance—accessible through its user-friendly mobile application.
Complementing its digital offerings, PalmPay operates a nationwide network of more than one million agents and merchant partners, and delivers POS and API-driven financial solutions tailored for businesses and enterprise clients.
According to Jiapei Yan, Group Chief Commercial Officer at PalmPay, the company is building a neobanking infrastructure suited to the unique dynamics of emerging economies.
“We are laying the foundation for a connected digital economy—one where individuals and businesses thrive through accessible and reliable financial tools,” Yan explained.
He noted that the CNBC-Statista recognition not only validates PalmPay’s progress, but also reflects the immense potential within underbanked markets.
Expanding beyond Nigeria, PalmPay recently launched operations in Tanzania and Bangladesh, introducing smartphone device financing as an entry point to digital financial services for new users.
“Our goal is to bridge financial access gaps for consumers and SMEs, while scaling the partner ecosystem that amplifies our impact,” Zab added.
Earlier this year, PalmPay was also ranked #2 overall and #1 in financial services on the Financial Times Africa’s Fastest-Growing Companies 2025 list. That ranking was based on revenue growth from 2020 to 2023, further underscoring PalmPay’s rapid market traction and operational scale.
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