Digital bank PalmPay has once again gained international recognition, securing a spot on the 2025 list of the Top 300 Fintech Companies in the World, compiled by CNBC and Statista.
This marks the second consecutive year that PalmPay is featured among the world’s most innovative and influential financial technology firms—joining the ranks of global leaders like Revolut, Nubank, and Ant Group.
In a statement on Tuesday, Sofia Zab, Founding Chief Marketing Officer at PalmPay, described the achievement as a major endorsement of the company’s efforts to drive financial inclusion in emerging markets.
“Being recognised by CNBC and Statista as one of the world’s top fintech companies is a powerful affirmation of our mission to create a more inclusive financial system,” Zab stated.
She explained that PalmPay’s approach leverages advanced technology and broad local distribution to meet the needs of underserved populations.
“With a customer-first mindset, we’ve built Nigeria’s leading neobank,” she added.
PalmPay currently serves over 35 million registered users and handles up to 15 million transactions daily.
In Nigeria, its core market, the platform operates as a full-service neobank, offering services such as money transfers, bill payments, credit, savings, and insurance, all accessible via its intuitive mobile app.
The company also boasts a nationwide network of over one million agents and merchant partners, while providing POS and API-powered solutions for merchants and enterprises.
Jiapei Yan, PalmPay’s Group Chief Commercial Officer, highlighted the company’s goal of building neobanking infrastructure tailored to the needs of emerging markets.
“We’re developing the backbone of a connected digital economy that empowers people and businesses with reliable, inclusive financial tools,” Yan said.
He noted that the CNBC/Statista recognition not only validates PalmPay’s achievements but also signals the untapped potential in emerging economies.
PalmPay recently extended its footprint to Tanzania and Bangladesh, introducing smartphone financing as a stepping stone to digital financial access in those regions.
“Our focus remains on bridging financial access gaps for everyday users and businesses, while growing a strong ecosystem of partners that support our mission,” Zab noted.
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Earlier this year, PalmPay was also ranked #2 overall and #1 in the financial services category on the Financial Times Africa’s Fastest-Growing Companies 2025 list, reflecting its rapid growth and increasing market presence between 2020 and 2023.
