PalmPay, a leading African digital bank, has been listed among the Top 300 Fintech Companies in the World for 2025 by CNBC and Statista. This marks the second consecutive year the platform has received global recognition, joining international giants such as Revolut, Nubank, and Ant Group.
The recognition highlights PalmPay’s continued impact and innovation in financial technology, particularly across emerging markets. In a statement released on Tuesday, Sofia Zab, Founding Chief Marketing Officer at PalmPay, described the recognition as a strong validation of the company’s mission.
“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,” she said.
PalmPay currently serves over 35 million registered users, processing up to 15 million transactions daily. In Nigeria, its core market, the company operates as a full-service neobank, offering services such as money transfers, bill payments, credit, savings, and insurance through its mobile app.
With a nationwide network of over one million agents and merchant partners, PalmPay also provides POS and API-driven solutions for merchants and enterprise clients.
Group Chief Commercial Officer, Jiapei Yan, said PalmPay is focused on building a digital financial infrastructure tailored to the realities of emerging economies.
“We are creating the infrastructure for a connected digital economy where people and businesses can thrive through reliable, inclusive financial tools,” he said.
The company recently expanded into Tanzania and Bangladesh, using smartphone device financing to bring new users into the digital financial system in those regions. Zab said this strategy reflects PalmPay’s broader goal of reaching underserved communities and closing financial access gaps.
“Through cutting-edge technology, deep local distribution, and a customer-first mindset, we’ve built Nigeria’s leading neobank,” she 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, based on revenue growth between 2020 and 2023.
The CNBC and Statista ranking underscores PalmPay’s swift expansion and strong market presence across Africa.
