Keypoints:
- PalmPay named among CNBC & Statista Top 300
- Over 35m users, 15m daily transactions
- Expanding across Africa and Asia with neobank model
PALMPAY, the Africa-focused neobank, has once again secured a spot on CNBC and Statista’s prestigious list of the Top 300 Fintech Companies in the World, underscoring its surging impact in digital finance across emerging markets.
The 2025 ranking, which evaluates thousands of firms globally on metrics including growth, innovation, market share, and societal value, places PalmPay alongside fintech giants such as Revolut, Nubank and Ant Group. This marks the second consecutive year PalmPay has earned the honour.
With more than 35 million registered users and up to 15 million transactions processed daily, PalmPay is increasingly seen as one of Africa’s most dynamic and inclusive digital financial platforms.
Trusted, inclusive and rapidly scaling
Operating as a full-service neobank in Nigeria — its flagship market — PalmPay provides a suite of services tailored for individuals and businesses. These include transfers, bill payments, credit, savings, insurance, and merchant solutions, all accessible through its mobile app and a vast agent and merchant network of over 1 million partners.
‘To be recognised as one of the world’s top fintech companies by CNBC and Statista is a powerful affirmation of our mission to build a more inclusive financial system,’ said Sofia Zab, founding chief marketing officer at PalmPay.
‘Through cutting-edge technology, deep local distribution, and a customer-first mindset, we’ve built Nigeria’s leading neobank. As we scale PalmPay to more emerging markets, including Tanzania and Bangladesh, our focus remains on closing financial access gaps for everyday consumers and businesses.’
Expanding across borders
As part of its broader growth strategy, PalmPay has recently launched operations in Tanzania and Bangladesh, deploying a smartphone device financing model designed to bring financially underserved users online.
The company is also scaling its POS and API-based B2B solutions, which support small merchants and enterprise clients with reliable, secure payment infrastructure.
‘PalmPay is building a neobanking platform tailored to the realities of emerging markets,’ said Jiapei Yan, Group Chief Commercial Officer at PalmPay.
‘We are creating the infrastructure for a connected digital economy — where people and businesses can thrive through reliable, inclusive financial tools. This recognition from CNBC and Statista affirms our progress and also the scale of the opportunity ahead.’
Momentum through recognition
PalmPay’s inclusion in the CNBC/Statista ranking follows its earlier accolade this year on the Financial Times – Africa’s Fastest-Growing Companies 2025 list, where it placed #2 overall and #1 in the financial services sector. That ranking was based on revenue growth from 2020 to 2023.
Currently active in Nigeria, Ghana, Tanzania, and Bangladesh, PalmPay is doubling down on its mission to drive digital financial inclusion. With a scalable tech backbone and a partnership-led model, the company is well positioned to shape the next phase of fintech innovation across high-growth markets in Africa and Asia.
