Palmpay limited, a FinTech company in Nigeria is set to empower no fewer than 5,000 Kano State residents on financial literacy before the end of this year as part of its corporate social responsibility.
The Managing Director of the company, Mr. Chika Nwosu, made the disclosure when he paid a courtesy visit to the16th Emir of Kano, Alhaji Muhammadu Sanusi II at his palace on Wednesday evening.
Read also: Kano APC Support Group Exonerates Sen. Barau Over Cancellation Of Kwankwaso’s Appointment
He said he was at the palace team to seek the Emir’s blessings ahead of the program.
According to him, the initiative targets women, youths, university students and NYSC corps members in the state.
Nwosu noted that PalmPayNigeria started operations five years ago and has grown to over 35 million users with recognition from the Financial Times as the second fastest-growing company in Africa and the fastest-growing FinTech in Africa.
Read also: Court jails man 20 years for killing uncle over farmland dispute
According to him, the company is expanding its impact in Northern Nigeria, especially in Kano to make financial services more inclusive and accessible especially to underserved communities.
“The company wil promote financial literacy campaigns, particularly among youth and women and also support individuals and female-led micro, small, and medium enterprises (MSMEs), through capacity building and access to affordable digital payment tools.
“The company seeks the blessing of His Royal Highness before proceeding with the activities in his domain.
He said the launching of the pilot initiative would be held in Fagge local government area, adding “we plan to engage directly with market women, providing them with practical training and essential tools designed to support and accelerate their business growth”.
Read also: Kano acquires, Converts late Danmasanin Kano’s residence to democratic centre, museum
Responding, Emir Sanusi II lauded PalmPay for the initiative and assured them of the emirate support, noting that fintech is a crucial element of the financial system architecture.
He directed all the District He in the emirate to give the company all the needed support to ensure the success of the program.
