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PalmPay receives BusinessDay BAFI Awards 2026. By Destiny Eseaga PalmPay, has been named Digital Payments Platform of the Year at the 2026 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, recognising the company's contribution to the growth of digital payments and financial inclusion in Nigeria. Nigeria market report The BAFI Awards organised by BusinessDay and held on October 9, 2026 at the Civic Center, Lagos, and was officially presented to PalmPay by Frank Aigbogun, renowned publisher and co-founder of BusinessDay. Since launching in Nigeria in 2019, PalmPay has built an inclusive digital financial services ecosystem, enabling customers to make payments, pay bills, and access other financial services through its platform. The company now serves over 35 million users in Nigeria, supported by a broad network of merchants and agents that enables digital transactions across the country. Commenting on the recognition, Chika Nwosu, managing director, PalmPay Nigeria, said the award reflects the company's commitment to building financial services around the everyday needs of Nigerians. "We are honoured to receive the Digital Payments Platform of the Year award at the BAFI Awards. Digital payments have become an important part of how Nigerians manage their finances, run businesses and carry out everyday transactions. This award reflects our continued commitment to making financial services more accessible, reliable and secure for the millions of customers who use PalmPay every day." "As the industry continues to advance financial inclusion, our responsibility goes beyond enabling transactions. At PalmPay, we want to give customers the tools, information and support they need to use these services confidently and securely." PalmPay's focus on consumer protection is also reflected in its ongoing PalmPay Dey For You campaign, which educates customers about the platform's security features and encourages safer digital financial habits. The timing of the recognition underscores an important connection between security, trust and financial inclusion. As more Nigerians move their financial activities online, confidence in the safety of digital transactions will be increasingly important to driving adoption. By strengthening customer protection alongside access and convenience, PalmPay can help create an environment where more people feel confident participating in the digital economy. PalmPay said it will continue to invest in technology, security, and customer experience, as it works to expand access to reliable financial services across Nigeria and its other markets. Technology consulting services

PalmPay Launches NightGuard to Protect Night Transfers With Extra Verification. Published 28 Sep 2026 at 12:47 PM * PalmPay's NightGuard lets customers require extra verification for transfers during selected hours between 11 p.m. and 7 a.m. * The feature aims to help protect accounts if phones are lost or compromised, without blocking overnight transfers. * NightGuard is available through PalmPay's upgraded Security Centre as the company also promotes customer awareness of digital-payment risks Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade. PalmPay has introduced NightGuard, a security feature that allows customers to require additional verification for transfers during selected night-time hours, giving users more control over when extra checks apply to their accounts. The fintech company announced the rollout in a statement on Saturday, saying the feature is available through its upgraded Security Centre. Customers can set a protection window within the hours of 11 p.m. and 7 a.m. Any transfer attempted during their chosen period will require an additional verification step before it can be completed. The feature targets a concern for digital-payment users: the risk of unauthorised transfers when a phone is lost or compromised, particularly during periods when account activity may escape immediate attention. How PalmPay's NightGuard works. NightGuard allows users to decide when they want an extra layer of verification on transfers, rather than applying the additional check to every transfer throughout the day. Once a customer selects a protection period within the available overnight window, transfer attempts during those hours become subject to the extra security requirement, Punch reports. The feature therefore centres on customer-selected hours. PalmPay described it as a way to give users greater control over account security, especially when they may be less likely to notice unusual activity. For customers, the distinction is that NightGuard introduces a verification requirement during a defined period. It does not amount to a blanket suspension of night transfers: transactions within the selected window require the extra check before completion. Why PalmPay is focusing on night transfers. Explaining the initiative, Femi Hanson, Head of PalmPay Nigeria Marketing, said a compromised or missing phone could present particular risks overnight. "While fraud can happen at any time, there are situations where a compromised or lost phone can create additional risks at night," Hanson said. "Giving customers more control over when additional verification is required can provide another layer of protection." His comments underline the feature's purpose as an additional security measure. PalmPay's announcement presents NightGuard as a tool for strengthening protection during selected hours, rather than suggesting that fraud occurs only at night. The rollout comes as digital payments become increasingly embedded in everyday transactions in Nigeria. Alongside that convenience, users continue to face threats ranging from scams and impersonation to unauthorised account access. Security tools and customer awareness. NightGuard forms part of the tools offered through PalmPay's upgraded Security Centre, which brings the new verification option into the company's wider account-security offering. PalmPay also said customer education remains an important component of its efforts to improve digital-payment security. The announcement combines two priorities: giving customers a practical way to apply extra checks during selected hours and maintaining awareness of the risks that accompany everyday use of digital financial services. CBN unveils tough new rules for PalmPay and others. Legit.ng earlier reported that the Central Bank of Nigeria (CBN) has introduced a set of sweeping new regulations targeting major digital payment companies, including OPay, Moniepoint, PalmPay, Paystack, and Flutterwave, as part of a broader effort to tighten oversight and deepen financial inclusion across the country. The reforms, released between March and June 2026, focused on market concentration, operational ring-fencing, ownership disclosure, financial holding structures, and anti-money PalmPay Launches NightGuard to Protect Night Transfers With Extra Verification (AML) compliance.

Remita users can now manage every bank account in one app. Remita has launched a super fintech app that lets users manage multiple bank accounts, send money across Africa, compare loans, invest, pay bills and track finances with AI. Remita is no longer just a payments platform. The Nigerian fintech company has launched a new super app that lets users manage multiple bank accounts, send money across Africa, compare loans, invest, pay bills and use AI to track their finances, all from one place. The announcement came via Technext, which broke the story on social media. The move marks a significant expansion for a company long known primarily as a payment gateway used by businesses and government agencies across Nigeria. The new app consolidates financial services that previously required users to juggle multiple platforms. Instead of switching between a banking app, an investment platform, a loan marketplace and a bill payment service, Remita users can now handle all of that within a single interface. The cross-border transfer feature is particularly notable. Remita is positioning the app to serve users who need to move money between African countries - a pain point that has driven demand for alternatives to traditional remittance channels, which often come with high fees and slow settlement times. The AI-powered finance tracking adds another layer. Users can get automated insights into their spending patterns and financial health without manually categorising transactions or building spreadsheets. Why Remita is making this move now. Remita has spent years building trust as the payment backbone for Nigeria's Treasury Single Account, which routes government revenue through a centralised system. That institutional credibility gives the company a strong foundation to expand into consumer-facing services. The broader African fintech landscape has been shifting toward super apps - single platforms that bundle payments, lending, investing and lifestyle services. Competitors like Opay, PalmPay and Moniepoint have all expanded beyond basic transfers, and Remita's move places it directly in that race. The loan comparison feature addresses a real gap in the market. Nigerian borrowers often struggle to evaluate interest rates and terms across the many digital lenders operating in the country. A comparison tool inside a trusted app could help users avoid predatory terms. What this means for consumers and the market. For everyday users, the most immediate win is convenience. Managing multiple bank accounts from one dashboard removes the friction of logging into separate apps, remembering different passwords and manually tracking balances. For the fintech sector, Remita's entry into the super app space raises the competitive stakes. Companies that currently dominate consumer payments and lending will now face pressure from a player with deep institutional relationships and a track record in processing large-scale transactions. The investment feature also signals ambition. By offering investment options alongside everyday banking tools, Remita is targeting users who want to grow their money but have not found an accessible entry point. The road ahead. Remita has not yet disclosed pricing details, availability timelines across different African markets, or the full list of partner banks and investment providers. Those specifics will determine how quickly the app gains traction. Watch for regulatory approvals in each country where the cross-border transfer feature will operate. Compliance across multiple African jurisdictions is complex, and execution speed will be a key test of Remita's super app ambitions. The next few months will reveal whether users actually migrate their financial lives onto this new platform. Help others discover this story