PalmPay, a mobile banking platform, has released its first quarter (Q1) report, which indicates that it processes 15 million transactions on a daily basis out of its 35 million registered users.
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The latest data from the Nigeria Inter-Bank Settlement Systems (NIBSS) reveals that licensed mobile money operators, including Palmpay, OPay, and 15 others, processed transactions worth N71.5 trillion between January and December 2024. This marks a 53.4% increase from the N46.6 trillion recorded in 2023.