How to Upgrade PalmPay Account? A Step-by-Step Guide
by Janani
Updated Mar 14, 2023
What is PalmPay?
PalmPay is an online payment platform and e-wallet that provides financial services to users through its mobile app. One feature of PalmPay is that it gives users strategies for earning money while using the mobile app. The amount of money that could be earned on PalmPay through rewards, bonuses, and cashback. PalmPay is a free and fast service to send money to any PalmPay user or Nigerian bank account. Palmpay has been voted the most reliable payment platform in Nigeria by its customers. With PalmPay, you could save on fees and earn as you spend via discounts and cashback. You can use the app to make your money go further.
How to Upgrade PalmPay Account?
You could upgrade the PalmPay account using very simple steps.
You could also verify your PalmPay account using very simple steps. Here are the steps to verify the PalmPay account.
What is Upgrading an Account?
The upgrade of an account means shifting to a plan with a higher usage limit. For example, you may wish to upgrade your account from the free plan to a paid plan.
Steps to upgrade to Tier 2 on PalmPay
To be eligible for a share of the prize, you have to upgrade your PalmPay to Tier 2. All you need is your BVN and the phone number you have registered on your BVN. Once you upgrade to Tier 2, your daily transaction limit will be increased to N200,000, and your maximum wallet balance will be increased to N500,000.
When was PalmPay founded?
In 2018, PalmPay, which is based in Lagos, Nigeria, was founded. It has offices in Ghana, Kenya, China, Tanzania, and London. It is one of the next-generation mobile wallets that enables anyone with a smartphone to successfully open a financial account, send money, and make payments. PalmPay gives various financial services to merchants and individual consumers. It gives the merchants, through its PalmPartner app, it provides merchants with online payment and offline POS-acquiring services.
Is PalmPay only for Nigeria?
Yes, PalmPay is primarily focused on the Nigerian market and is currently available only in Nigeria. However, the company has plans to expand to other African countries in the future.
PalmPay is a mobile payment and financial services platform that is currently available in Nigeria. The service was launched in Nigeria in 2019 and has since gained popularity among Nigerians for its ease of use, convenience, and affordability. PalmPay allows users to send and receive money, pay bills, buy airtime and data, and access other financial services, all from their mobile devices. While there are plans to expand the service to other countries in the future, as of our knowledge cutoff date of September 2021, PalmPay was only available in Nigeria.
Is PalmPay a banking app?
PalmPay is not a banking app in the traditional sense, as it is not a licensed financial institution and does not provide banking services such as accepting deposits or granting loans.
Instead, PalmPay is a mobile wallet app that allows users to make payments, transfer money, buy airtime, and pay bills through their mobile devices. PalmPay also partners with financial institutions to provide additional services such as savings and investment products, insurance, and loans to its users.
So while PalmPay is not a bank, it provides financial services to users and aims to improve financial inclusion in Nigeria by making financial services more accessible and convenient through its mobile platform.
How to upgrade PalmPay account - FAQs
PalmPay is an e-wallet and online payment platform.
PalmPay offers financial services to users via its mobile app.
One feature of PalmPay is that it gives users strategies for earning money while using the mobile app.
PalmPay is a free and fast service to send money to any PalmPay user or Nigerian bank account
In 2018, PalmPay, which is based in Lagos, Nigeria, was founded.