PalmPay (https://www.palmpay.com) was named Digital Payments Platform of the Year at the 2026 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, which took place on 9 October 2026 at the Civic Center in Lagos. The award was handed to the company by Frank Aigbogun, co‑founder of [BusinessDay](https://businessday.ng), acknowledging PalmPay’s role in expanding digital payments and financial inclusion across Nigeria.
**What is the BAFI Awards ceremony?**
The [BAFI Awards](https://businessday.ng/awards/bafi-awards) are organised annually by BusinessDay to recognise excellence among banks and financial institutions. The 2026 edition celebrated firms that have driven innovation and broadened access to financial services.
**Key facts about PalmPay’s achievement**
- Launched in Nigeria in 2019, PalmPay has built an inclusive digital ecosystem that lets users pay bills, transfer money and access other financial services.
- The platform now boasts more than 35 million registered users nationwide, supported by a wide network of merchants and agents.
- Managing Director Chika Nwosu said the award “reflects our continued commitment to making financial services more accessible, reliable and secure for the millions of customers who use PalmPay every day.”
- PalmPay’s ongoing “Dey For You” campaign educates users on security features and promotes safer digital habits.
**Why does the award matter for Nigerians?**
The recognition highlights the link between security, trust and financial inclusion. As more Nigerians shift their financial activities online, confidence in the safety of digital transactions becomes crucial for wider adoption.
**What are the next steps for PalmPay?**
PalmPay announced plans to keep investing in technology, security and customer experience, aiming to broaden reliable financial services not only across Nigeria but also in its other markets.
The company’s focus on consumer protection and convenient access positions it to foster a digital economy where more people feel confident participating.