Emmanuel OchayiVictor Ogunna and Damilola Taiwo, both thriving PalmPay agents, are encouraging fellow Nigerians to consider becoming agency bankers with the fintech company.
They shed light on the benefits of choosing PalmPay as their partner in the agency banking business.
Victor Ogunna, who joined PalmPay as an agent in 2019, expressed his satisfaction with the choice, stating, “Indeed, PalmPay dey pay.” He emphasized that he hasn’t considered any other point-of-sale (POS) brand since becoming a PalmPay agent. Operating in an area without nearby banks, Victor plays a crucial role in bridging the financial inclusion gap by facilitating transactions, including transfers and bill payments for residents.
Damilola Taiwo, another PalmPay agent from Bariga, Lagos State, praised PalmPay for its reliable POS terminal and network speed. She noted that PalmPay offers the lowest withdrawal charges compared to other brands, making it an attractive choice for agency banking.
PalmPay, an Africa-focused fintech platform, is dedicated to promoting financial inclusion and economic empowerment across the continent. With over 1.1 million businesses, including 500,000 agents and 600,000 merchants, PalmPay is the fastest-growing fintech company in Nigeria.
Victor and Damilola highlighted several reasons why becoming a PalmPay agent is a wise choice. Aside from earning commissions on transactions, agents have the opportunity to contribute to financial inclusion within their communities. PalmPay’s superior POS network ensures seamless connectivity and offers efficient and secure service.
In terms of charges, PalmPay adopts a transparent approach. Victor explained that fees are based on the number of daily transactions, ensuring fairness. The charges range from 0.5% for withdrawals between N1 to N20,000 to a flat fee of N100 for transactions above N20,000. Intra-agent transfers are free, and transfers to other banks incur a flat fee of N20, with the possibility of earning cashback.
High-star-level agents can enjoy up to 0.1% cashback on daily card withdrawals, an incentive to reward their efforts. With one of the industry’s highest cashback rates, PalmPay ensures that its agents are appreciated and rewarded.
PalmPay’s vast network includes over 500,000 agents across 774 local government areas in Nigeria, providing essential financial services to marginalized communities. Becoming a PalmPay agent offers not only financial independence but also the opportunity to make a significant impact on your community.
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