Nigerian digital banking platform PalmPay has once again earned global recognition, securing a spot on CNBC and Statista’s prestigious 2025 list of the Top 300 Fintech Companies in the World. This marks the second year in a row that the homegrown fintech giant has been ranked among industry leaders like Revolut, Nubank, and Ant Group, cementing its position as a key player in the global financial technology space.
In a statement released on Tuesday, PalmPay’s Founding Chief Marketing Officer, Sofia Zab, celebrated the achievement as proof of the company’s commitment to driving financial inclusion in emerging markets. “Being recognized as one of the world’s top fintech firms by CNBC and Statista reinforces our mission to create a more inclusive financial ecosystem,” she said. Zab attributed PalmPay’s success to its blend of advanced technology and widespread local distribution, which has helped it address the needs of underserved communities. “With a customer-first approach, we’ve built Nigeria’s leading neobank,” she added.
Currently serving over 35 million registered users and processing up to 15 million transactions daily, PalmPay has solidified its dominance in Nigeria, its core market. The platform operates as a full-service digital bank, offering seamless transfers, bill payments, credit services, savings plans, and insurance—all accessible through its intuitive mobile app. Beyond digital services, PalmPay boasts an extensive network of over one million agents and merchant partners nationwide, alongside POS and API-driven solutions for businesses.
Jiapei Yan, PalmPay’s Group Chief Commercial Officer, emphasized the company’s focus on building a neobanking infrastructure tailored to emerging markets. “We’re laying the foundation for a connected digital economy where individuals and businesses can grow through reliable and inclusive financial tools,” Yan stated. He noted that the CNBC and Statista ranking not only validates PalmPay’s progress but also underscores the vast potential of fintech in developing economies.
The company has recently expanded into Tanzania and Bangladesh, using smartphone financing as a gateway to bring more users into the digital financial ecosystem. “Our goal remains to bridge financial access gaps for everyday consumers and businesses while expanding our partner network to deepen our impact,” Zab explained.
PalmPay’s latest accolade follows its earlier recognition by the Financial Times, which ranked it as Africa’s second-fastest-growing company and the top performer in financial services for 2025. The ranking highlighted PalmPay’s explosive revenue growth between 2020 and 2023, further solidifying its reputation as a trailblazer in Africa’s fintech revolution.
With its relentless focus on innovation and inclusion, PalmPay continues to set the pace in Nigeria’s digital banking sector while making waves on the global stage.
