Nigeria’s digital banking giant, PalmPay, has been named one of the Top 300 Fintech Companies in the World by CNBC and Statista for 2025, marking the second consecutive year it has received the prestigious recognition.
This announcement cements PalmPay’s position among international fintech leaders, joining the ranks of global giants such as Revolut, Nubank, and Ant Group. The annual ranking highlights companies that are driving innovation, improving access to financial services, and shaping the future of finance.
In a statement on Tuesday, Sofia Zab, Founding Chief Marketing Officer at PalmPay, described the recognition as a validation of the company’s mission. “To be recognised by CNBC and Statista as one of the top global fintechs is a powerful affirmation of our goal to build a more inclusive financial system across emerging markets,” Zab said.
PalmPay has grown into Nigeria’s most prominent neobank with over 35 million registered users and more than 15 million daily transactions. The platform offers a full suite of financial services, including money transfers, bill payments, credit, savings, insurance, and merchant tools, all powered by its user-friendly mobile app.
The company also boasts a network of over one million agents and merchant partners, supported by POS devices and API-based enterprise solutions. PalmPay has further expanded its reach into Tanzania and Bangladesh, using smartphone financing to onboard new users.
Group Chief Commercial Officer Jiapei Yan added that the company’s infrastructure is designed for the realities of emerging economies. “We are creating the infrastructure for a connected digital economy, where people and businesses can thrive using inclusive financial tools,” he said.
Earlier this year, PalmPay also secured the #2 spot overall and #1 in financial services on the Financial Times Africa’s Fastest-Growing Companies 2025 list. That ranking was based on the company’s extraordinary revenue growth from 2020 to 2023.
As PalmPay continues to scale, this global recognition highlights its potential to become Africa’s leading fintech export—driving financial inclusion and empowering millions with access to modern digital banking.
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