PalmPay review

The monthly fee is NGN 0, so there is no charge to keep the card active. That sits at the free end of this category, where the median card in the ranking shows a monthly fee of €0.

It is a debit card, so spending draws on the balance in your account rather than a credit line. Debit is the most common type here at 73.4% of the cards compared, with prepaid cards at 21.2%.

The card runs on a local network, which points to use in NG rather than a global scheme. Local networks are the exception here at 3.3% of the cards compared, so the focus is domestic.

Multi-currency and travel are listed features, multi currency and travel, so the card is built for holding more than one currency and for spending away from home. The network is a local one, so check a foreign cash machine before relying on it abroad.

PalmPay is operated by PalmPay Limited, founded in 2019 and based in Nigeria. That gives you the named company behind the card, the detail to check first when comparing providers in different markets.

For daily use it fits: the card is a debit card, the monthly fee is NGN 0, and multi-currency with travel covers trips from home. It suits people who want a simple spending card rather than a broad product platform.

On the monthly fee the alternatives are level: Monzo Flex lists £0, Wise lists £0 and Bitpanda lists €0, against NGN 0 for PalmPay. The deciding factors are the local network and the market you bank in.

PalmPay makes sense if you want a debit card with a NGN 0 monthly fee and you are based in Nigeria. As the alternatives list monthly fees at the same level, cost alone does not separate them, so the card network and your home market decide it.