PalmPay, a leading financial service provider in Nigeria has launched a new USSD service designed to enhance financial access and improve account security for its users aiming to cater to individuals without smartphones or reliable internet access, allowing them to perform transactions conveniently and on the go.
The USSD service provides users with the ability to check balances, transfer funds, and access other financial services seamlessly. This rollout is part of PalmPay’s broader strategy to democratize financial services across Africa, ensuring that more people can participate in the digital economy. With the USSD code, customers can now perform a wide range of banking transactions by dialing *861# from their mobile phones.
Commenting on the development, PalmPay Nigeria’s Managing Director, Chika Nwosu, highlighted the company’s dedication to financial inclusion, At PalmPay, we aim to bridge the gap in digital access, and the introduction of our USSD service aligns with that mission. Our platform ensures seamless connectivity for our users.” he said.
How to Access the PalmPay USSD Code
To access the PalmPay USSD service, simply dial *861#. Browse available options, select your preferred transaction, follow the instructions that appear next, and complete your transaction with ease.
This service enables a range of transactions, including:
- Money Transfers: Users can transfer money to friends or family by selecting the transfer option after dialing the USSD code.
- Airtime Purchases: Users can recharge their own phones or others’ by entering the desired amount and confirming the transaction.
- Bill Payments: The USSD service allows users to pay utility bills and other payments conveniently.
- Balance Inquiry: Users can check their account balance and transaction history directly through the USSD interface.
- Loan Requests: The service also supports loan applications, enabling users to request loans directly via USSD.
PalmPay operates in several key markets across Africa, including Nigeria, Ghana and Tanzania, with plans to expand further in the region and other emerging markets. The company has global HQs in China and London.
