Digital financial services provider PalmPay has once again received international recognition, securing a place on CNBC and Statista’s prestigious 2025 Top 300 Fintech Companies in the World list.

This is the second year in a row that PalmPay has been honored for its innovation and impact in the financial technology sector, joining the ranks of global heavyweights such as Revolut, Nubank, and Ant Group.

In a statement released Tuesday, Sofia Zab, Founding Chief Marketing Officer at PalmPay, called the recognition a powerful endorsement of the company’s mission to drive financial inclusion in emerging markets.

“Being named among the world’s top fintech companies by CNBC and Statista reinforces our commitment to building a more inclusive financial ecosystem,” Zab said.

She highlighted PalmPay’s approach of combining advanced technology with strong local networks to meet the financial needs of underserved communities.

“With a customer-first approach, we’ve developed Nigeria’s leading neobank,” she added.

Currently, PalmPay serves over 35 million registered users and processes up to 15 million transactions daily. In Nigeria, its flagship market, PalmPay operates as a comprehensive neobank offering services like money transfers, bill payments, credit, savings, and insurance through a user-friendly mobile app.

The platform also supports a vast network of over 1 million agents and merchant partners, offering POS and API-based solutions tailored for both small businesses and enterprise clients.

Jiapei Yan, Group Chief Commercial Officer at PalmPay, emphasized the company’s commitment to building fintech infrastructure aligned with the needs of emerging economies.

“We’re laying the foundation for a connected digital economy that empowers individuals and businesses through inclusive financial tools,” Yan stated.

He noted that this latest recognition underscores both PalmPay’s momentum and the broader potential for fintech in emerging markets.

PalmPay recently expanded into Tanzania and Bangladesh, leveraging smartphone financing as an entry point to digital financial services for first-time users.

“Our focus is on bridging financial access gaps while growing a robust partner ecosystem that drives reach and impact,” Zab concluded.

Earlier in the year, PalmPay was also named #2 overall and #1 in financial services on the Financial Times Africa’s Fastest-Growing Companies 2025 list, based on revenue growth from 2020 to 2023—a further testament to its rapid growth and increasing market presence.

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