PalmPay: Features, how to use and make money

PalmPay is an e-wallet and online payment platform that offers financial services to users via its mobile app. This article is all about PalmPay features, how to use and also make money.

One amazing feature about PalmPay is that it provides pathways for users to earn money while also using the mobile app. Money can be earned on PalmPay through rewards, bonuses, and cashback.

On PalmPay, you can send money to other users, receive funds into your account, withdraw to your bank account, settle bills and recharge airtime. The reward points you receive after some transactions can be redeemed any time you like.

How does PalmPay work?

PalmPay has many features through which it renders payment services to users. It is an alternative for making simple transactions instead of using your traditional bank account. Its service charges are minimal when compared to most traditional banks.

You can also enjoy Virtual Top Up services with PalmPay. You can safely send cash to friends and family within minutes. You can recharge your phone and also various subscriptions.

You can also do some affiliate marketing within the app. Refer to your friends and enjoy some bonuses once they make their first deposit. They will also receive a welcome bonus immediately when they create an account with PalmPay. 

Benefits of using PalmPay

The PalmPay mobile app comes with many benefits:

  • Low service charges during transactions.
  • Easy payment of bills and fast VTU services.
  • Guaranteed security and safekeeping of user information.
  • You can earn bonuses and rewards when you make transactions.
  • You earn money for each person you invite. You will receive the reward after the person creates an account with PalmPay. 

Is it safe to use PalmPay?

It’s very safe to use PalmPay. Your deposits are with a secure and reputable company. PalmPay is owned and managed by Transsnet. Transsnet is a partnership venture between NetEase and Transsion Holdings.

If we can recollect, Transsion Holdings is the manufacturer of the Itel, Tecno Mobile and Infinix brands. A partnership has been made between the two companies. This partnership involves the PalmPay app being pre-installed on all Itel, Tecno and Infinix phones.

Apart from being owned by a reputable company, PalmPay also has a physical office address in Nigeria and Ghana.

PalmPay has its Nigerian head office at 20, Opebi Road, Ikeja in Lagos, Nigeria.

The Ghanian head office is situated at 54, Senchi Street, Airport Residential Area in Accra, Ghana.

How to open a PalmPay account

1. Download the app

Download the PalmPay mobile app on your device. It’s available on the Google Play Store as well as on the iOS Store.

2. Launch app and sign up

Launch the app and click on the Sign-up button. Select your country code and input your phone number. Here, your phone number will be used to receive a verification code.

3. Verify your phone number

Submit and wait for a verification code. Input the verification code sent to your phone number and wait for the next page to load.

4. Set up your pin

You will be required to set up a 4-digits pin. You will enter your preferred code and also confirm.

How to fund or deposit money into your PalmPay account

Funding your PalmPay account is very fast and easy. You can fund your PalmPay account through your debit card. Follow the steps below:

  • Click on the “fund” button on your profile dashboard.
  • Input the amount of money you want to deposit.
  • Enter the description of the transaction (optional) and move to the next page.
  • Select your payment method. You can select one of your previously linked debit cards or add a new one.
  • Choose your bank from the list of other banks and input all the necessary bank details.
  • Enter your security code to proceed with the transaction.
  • A new page will load. It will be the secure payment gateway of your bank. An OTP will be sent to your email address or phone number. Enter the OTP and click on the “complete” button.
  • The deposit is successful and you will be redirected to your dashboard.

How to refer on PalmPay

  • Open the PalmPay app on your mobile phone. 
  • Click on the “ME” button and tap on the invitation.
  • Click on “share“.
  • You can copy and paste the link to any social media and share it with friends. You can also share directly from the app.

How to make money with PalmPay

Apart from sending and receiving money on the PalmPay app, you can earn money through it. Explained below are 5 ways through which you can make money from the PalmPay app.

  1. Rewards on all transactions.
  2. Cash spree.
  3. Awoof Moni.
  4. Playing the lucky game.
  5. By joining PalmForce.

Rewards on all transactions

Most of the transactions done with the PalmPay app come with special rewards. These rewards can be discounts or PalmPoints.

A PalmPoint is equivalent to #1. You can win discounts up to 50% off whenever you want to recharge airtime. For example, you may have 100 PalmPoints. If you want to recharge airtime of #200, the 100 PalmPoints will give you a discount of 50%. This means that you will spend only #100 for a #200 airtime recharge.

The amount of PalmPoints you earn depends on how much your transactions are worth. 

Also, you will earn a bonus of 2% (in the form of PalmPoints) whenever you pay bills like electricity bills and Cable TV subscriptions. However, this applies only to the first 5 bill payments.

Cash spree

This is a referral feature that helps users to make money on the PalmPay app whenever they invite someone successful.

If the person honours your invite and creates an account with PalmPay, you will receive a #300 reward. The person you referred will also receive a welcome bonus.

Awoof Moni

Awoof Moni is also a referral feature on the PalmPay app. However, this feature is slightly different from Cash Spree.

In Awoof Moni, both you and the person you sent an invite to will be rewarded. For example, you can send an airtime coupon worth #100 to a PalmPay user (or a friend that is yet to join PalmPay).

Once the person redeems it (or create a PalmPay account to claim it), you will get a cashback of #100.

This is a good way to get airtime recharge for free on the PalmPay app just by referring friends and sending invite coupons.

Playing The Lucky Game

This lucky game is more of a lucky draw. You can win discounts and coupons, airtime coupons and different cash prizes. Also, you can win nothing!

The cash prizes you win may vary each time since it’s a game of luck. To frequently get the chance for a lucky draw, you should perform transactions frequently.

By Joining PalmForce

If you have referred up to 5 people successfully on the PalmPay app, then you are eligible to join PalmForce.

PalmForce allows you to earn real cash instead of the usual PalmPoints. When you invite people and they create an account, you will get the reward paid directly into your PalmPay account.

Also, when any of these users make a transaction, you will earn a little bonus. The bonus depends on the amount of money involved in the transaction.

Although it’s not compulsory to join PalmForce, most people won’t throw away an opportunity to earn legit money. You can join PalmForce once you have up to 5 successful invites. 

PalmPay fees and service charges

PalmPay is preferred by many since its service charges are low compared to most banks. 

The first 3 money transfers you make in a day are free of charge. Subsequent transactions will only cost you #10 each time.

PalmPay app download

There is no browser version of PalmPay for now. To use PalmPay services, you will have to use the mobile app.

All recent Itel, Tecno and Infinix mobile phones have the PalmPay app pre-installed. If you don’t use any of these brands, you can just download the app online.

Android phone users can download from the Google Play Store. iPhone users can also download from the iOS Store.

PalmPay head office address

Despite being a Chinese company, PalmPay has physical offices in Nigeria and Ghana. The Nigerian head office is at 20, Opebi Road, Ikeja in Lagos State, Nigeria.
The Ghanian head office is located at 54, Senchi Street, Airport Residential Area, Accra in Ghana.

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Victor Iyiola

Victor Iyiola

Victor Iyiola is a Content Writer with He has a great passion for Business, Finance, and Entrepreneurial topics. Victor is a big fan of
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Articles: 171


  1. Palm pay is really nice and legitimate. I have started enjoying the app already and its quite rewarding!!!!!!

  2. I need my money back in my pamlpay now. I need my 5,000 naira back now. I need my money back today

  3. Please I have joined palmpay and when I withdraw my first and second time my account doesn’t increase again when I refer people, what is the problem?

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