Smartphone Penetration, Internet Connectivity Spike Access To Mobile Money Services

Smartphone penetration, internet connectivity and innovative technologies have spiked access to mobile money services in the country.

He emphasised that, with demand for affordability of financial services growing, more opportunities would be unlocked for PalmPay in the nearest future.

“From under 10,000 agents in 2015 to over 1.5 million agents in 2023, agent networks have become the backbone of mobile money operations in Nigeria. For this reason, we are more likely to see a sharp increase in the number of mobile money agents and merchants.

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