If you’re seeking an additional source of income, consider Nigeria’s burgeoning digital banking sector. Among the numerous fintech options, PalmPay stands out as the most lucrative choice.
With over 30 million users and 1.1 million businesses, including 600,000 merchants and 500,000 agents, PalmPay’s extensive cashless payment ecosystem offers an ideal platform for those looking to profit from the digital banking industry.
PalmPay distinguishes itself from competitors by providing seamless money transfers, effortless bill payments, and convenient shopping, all while offering discounts and cashback. It is the only fintech in Nigeria that combines these financial services, reflected in its top rating on Google Play store.
This article outlines the top six features of the PalmPay app that allow users to earn money through referrals, betting, cashback and discounts, sales, and a unique financial offering called Trial Cash.
Refer & Earn
PalmPay’s Refer and Earn feature merges your contact list with the app’s financial offerings. By inviting acquaintances to register and transact on the PalmPay app, you can earn significant income.
The process is straightforward: use your invite link on the app dashboard to refer someone. For each successful app download and transaction made through your referral link, you earn N250. After completing five referrals, you can withdraw from your PalmPay wallet starting from N2,000, with no upper limit to your earnings.
Sports Betting
Funding your sports betting account via PalmPay is highly advantageous. This UEFA EURO ‘24 season, PalmPay offers exciting opportunities to win prizes, including an iPhone 15 Pro and substantial cash rewards, through its Bet and Win Big promotion in partnership with iLOT, BetWay, BetCorrect, AccessBet, and BetKing.
From June 14th to July 15th, 2024, participating in the special betting deposits campaign not only enhances your tournament experience but also increases your chances of winning big prizes.
Airtime to Cash
Converting airtime to cash is a unique feature provided by PalmPay, eliminating the hassle of unused extra airtime. This digital payment platform innovation allows users to convert airtime to cash easily, with the equivalent amount credited to their PalmPay wallet for spending.
If you have surplus airtime and need cash instead, simply click on the Recharge2Cash icon in the app, select your SIM network, enter the OTP sent to your phone, choose the amount to convert, and click convert.
Cashback & Discounts
PalmPay is renowned for its cashback and discount offerings. Users receive coupons or PalmPoints for nearly every transaction, from electricity and airtime to data and cable TV subscriptions. These rewards can be used for further transactions within the app.
The cashback and discounts apply to the first five bill payments each month, ranging from 15 PalmPoints for an initial airtime recharge of N100 to a 2% bonus in PalmPoints for cable TV and electricity payments. New users receive various coupons, allowing them to enjoy discounts on numerous services available in the app.
In-app Promotions
PalmPay frequently conducts in-app promotions, rewarding users for participating in various activities. For example, during the AFCON tournament, PalmPay partnered with TECNO, StarTimes, and Bet9ja to offer users a chance to share N108 million and win free StarTimes subscriptions, betting coupons, and substantial cashback through the PalmPay AFCON Soccer Fiesta.
Trial Cash
PalmPay introduces Trial Cash, a unique reward feature designed to showcase the benefits of its flexible savings feature. Though not real money, Trial Cash provides users with a daily interest rate of 16% per annum, which can be spent on various transactions within the app.
Users can earn Trial Cash by completing daily tasks such as transferring to a PalmPay wallet or adding money from their bank account or an agent.
If you aim to make money in 2024, PalmPay is the digital payment platform to use. Its unparalleled incentives make it the optimal choice for daily transactions. Download the PalmPay App, follow the CBN KYC directive to update the app with your BVN and NIN, and start earning money with every transaction.
