PalmPay, a leading fintech platform, is marking its 4th anniversary in Nigeria with a generous ₦300 million giveaway campaign, offering Nigerian users the chance to win substantial cash prizes.
Launched on November 1, 2023, and running until November 21, the campaign is structured into three distinct phases, each designed to reward users in unique ways.
The campaign’s first phase enables PalmPay users to win prizes simply by opening the app daily and participating in a diamond hunt. By clicking on falling diamonds within the app, users can accumulate cash rewards, coupons, and extra diamonds. These diamonds provide an entry into the weekly cash prize, adding an additional layer of excitement to the campaign.
In the second phase, users can increase their chances of winning by engaging in various tasks within the app. These tasks involve common transactions like airtime and data purchases, fund transfers, and more. Successful task completion results in additional diamonds and chances, improving their share in the weekly prize pool. Additionally, users have the opportunity to secure an extra cash prize of up to ₦50,000.
A comprehensive list of available giveaway tasks can be found on the app’s activity page, and the more chances users accumulate, the greater their potential cash and diamond rewards.
The third phase allows users to participate in the weekly cash prizes using the diamonds they’ve collected. The more diamonds they gather, the higher the cash prizes they can win. The prize pool grows progressively over the three weeks, with ₦70 million available in the first week, ₦100 million in the second week, and ₦130 million in the third week.
Mr. Chika Nwosu, the Managing Director of PalmPay Nigeria, expressed his enthusiasm for this exciting promotion, stating, “This campaign is a testament to our commitment to providing value to our valued users. We recently celebrated our 4th anniversary and reached a significant milestone of 30 million users and 1.1 million businesses, including 600,000 merchants and 500,000 agents.”
“We are proud that PalmPay has revolutionized the digital payment landscape with its user-friendly and reliable payment app. It is essential for us to show our appreciation to our users who have played a crucial role in our remarkable achievements.”
Mr. Nwosu emphasized that this 21-day campaign is open to all PalmPay users, and those who are not yet using PalmPay can join by simply downloading the app.
PalmPay Success Journey
Since its launch in Nigeria in 2019, PalmPay has grown to become one of the most popular fintech products in the Nigerian market. The company celebrated its fourth anniversary with several noteworthy achievements, highlighting its dedication to advancing financial inclusion in Nigeria.
The company has experienced explosive growth in its user base, boasting 30 million users on its smartphone applications. This milestone marks a threefold increase from the announcement of 10 million users just a year ago.
Central to this growth is its extensive network of 1.1 million businesses, including 500,000 agents and 600,000 merchants who have embraced PalmPay’s POS (point of sale) and Pay With Transfer services. These dedicated agents have played a vital role in extending PalmPay’s reach across Nigeria, providing millions of additional consumers with essential financial services.
In response to recent reports suggesting that the Nigerian government is considering expanding its official Forex market to include financial technology companies like PalmPay, Opay, and others, Sofia Zab, Chief Marketing Officer of PalmPay, expressed the company’s commitment to addressing Nigeria’s financial challenges. PalmPay is actively studying and exploring solutions to Nigeria’s forex issues through its super app in the coming months.