PalmPay, a FinTech company in Nigeria, plans to empower at least 5,000 women and youths in Kano with financial literacy training as part of its corporate social responsibility initiatives.
Chika Nwosu, the Managing Director of the company, made the disclosure when he paid a courtesy visit to the 16th Emir of Kano, Alhaji Muhammadu Sanusi II, at his palace on Wednesday evening.
He said he was at the palace of the monarch with his team to seek the emir’s blessings ahead of the programme.
According to him, the initiative targets women, youths, university students, and NYSC Corps members in the state.
Nwosu noted that PalmPay Nigeria 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.
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.
He said the launching of the pilot initiative would be held in Fagge Local Government Area, adding that, “we plan to engage directly with market women, providing them with practical training and essential tools designed to support and accelerate their business growth.”
On his part, Emir Sanusi II praised PalmPay for the initiative and assured the fintech of the emirate’s support, noting that fintech is a crucial element of the financial system architecture.
He directed all the district heads in the emirate to give the company all the needed support to ensure the success of the programme.
