By Aduragbemi Omiyale

The financial subsidiary of MTN Nigeria, MoMo Payment Service Bank (MoMo PSB), has strengthened its inbound remittance capabilities from the United Kingdom, United States, Canada, and Europe.

The company has also expanded its cross-border transfer service, allowing customers to send funds from Nigeria to other African markets like Kenya, South Sudan, Ghana, Benin Republic, Rwanda, Togo, Cameroon, DR Congo, Congo Brazzaville, The Gambia, Côte d’Ivoire, Liberia, Malawi, Zambia, Sierra Leone, and Uganda.

The enhanced service offering reflects MoMo PSB’s ongoing commitment to advancing financial inclusion by simplifying the process of moving money across borders.

Customers benefit from swift transaction processing, competitive exchange rates, secure transfers, and the ease of receiving funds directly into their MoMo wallets, removing many of the delays and frictions traditionally associated with cross-border remittances.

The expansion is driven by strategic partnerships with Brij, Lightway Finance, and Thunes, leveraging their global payments infrastructure to deliver reliable, efficient, and compliant cross-border transfer experiences.

By widening both its sending and receiving corridors, MoMo PSB continues to deepen access to financial services and strengthen Nigeria’s connection to the global economy—making international payments more accessible, affordable, and seamless for individuals and businesses alike.

“Through our partnerships with Lightway Finance and Thunes, we have strengthened our international payments infrastructure to support both outbound and inbound remittances across key corridors.

“This expansion reflects our commitment to building secure, scalable, and inclusive financial solutions that meet the evolving needs of our customers,” the Executive Director for Strategy and Stakeholder Management at MoMo PSB, Usoro Usoro, said.

By Adedapo Adesanya

One of the leading fintech giants, PalmPay, capped off a historic 2025 with massive financial returns for its users and significant institutional expansion.

The company’s year-end review highlighted a surge in user wealth-building, headlined by a standout success story: a single PalmPay customer earning over N11 million in interest through the platform’s savings products.

This N11 million interest milestone underscores a broader shift in how Nigerians are interacting with digital banking, moving beyond simple transactions toward long-term wealth management.

PalmPay was one of the three top-beneficiaries of the recent shift in retail digital transactions in Nigeria alongside OPay and Moniepoint, both of whom are unicorns.

In an email to customers on Wednesday, the Managing Director of PalmPay Limited, Mr Chika Nwosu, noted that 2025 was a year where money was more than just a figure on a screen, but a reflection of “hustle, growth, and community.”

This internal growth has been mirrored by external accolades. In 2025, PalmPay solidified its status on the global stage, earning several prestigious rankings, including being named the Fastest-Growing Company in Africa by the Financial Times, a spot on CNBC’s Top 300 Fintech Companies globally, and a top-three ranking for customer experience by KPMG.

PalmPay also played a pivotal role in the nation’s financial infrastructure this year. It became the only fintech selected to launch the NIBSS New Payment Stack, a critical development aimed at stabilizing and modernizing the Nigerian inter-bank payment system. This technical achievement was paired with the physical rollout of PalmPay cards, offering users a tangible extension of their digital wallets and greater financial freedom.

“We were also trusted as the only fintech to launch the NIBSS New Payment Stack, helping shape the future of payments in Nigeria,” Mr Nwosu added.

Beyond the balance sheets, the company expanded its corporate social responsibility through the Purple Woman Initiative 2.0. The programme focused on creating career paths for women in tech, culminating in the full absorption of all program interns into PalmPay’s national workforce.

The company’s reach also extended to the grassroots level, where it trained over 7,000 National Youth Service Corps (NYSC) members and supported national empowerment initiatives impacting over one million Nigerians.

Mr Nwosu noted that 2026 holds a lot of promises with PalmPay’s momentum showing no signs of slowing, with a focus on “building bigger and smarter.”

The company aims to leverage its new payment infrastructure to provide even more competitive savings yields and seamless transaction experiences. “Thank you for being part of the Purple family,” Nwosu stated. “Here’s to building bigger and smarter together in 2026.”

By Modupe Gbadeyanka

As part of ongoing efforts to improve customer experience on its digital banking platform and reinforce its proposition in e-business, Unity Bank Plc has launched an upgraded version of its mobile banking application, Unifi.

The retail lender disclosed that Unifi version 2.3 introduces a suite of improved features designed to enhance usability, security, and convenience for customers.

Key upgrades include enhanced security protocols, expanded quick-action functionalities, improved bill payment options, and an updated Nigeria Quick Response (NQR) feature to support faster and more secure QR code transactions.

A key aspect of the rollout builds on the bank’s continued investment in digital and security infrastructure, aimed at safeguarding customer data, ensuring secure payments and enabling safe, real-time transactions across channels.

It was also revealed that the improvements were built on the back of continuous interrogation of the platform to be more responsive to customer feedbacks which are being received overtime in our interactions and engagements.

Originally introduced as part of Unity Bank’s strategic push to expand its retail footprint, particularly among young and digitally savvy customers, Unifi has grown into a core engine of the company’s retail banking expansion.

The platform plays a critical role in driving customer acquisition, deepening engagement, and reinforcing Unity Bank’s broader digital transformation agenda.

“Digital banking has become an integral part of everyday life, particularly for retail customers who expect speed, dependability, convenience, and security as standard.

“With the latest upgrade to Unifi, we are responding directly to these expectations by enhancing functionality, strengthening security, and simplifying key payment and transaction journeys.

“Our goal is to ensure that customers can carry out their banking activities seamlessly, confidently, and without friction, anytime and anywhere,” the Divisional Head of Retail, SME, Digital Banking and Fintech Partnerships at Unity Bank, Ms Adenike Abimbola, said.

She added that the bank remains committed to continuous improvement of its digital channels in line with evolving customer needs and emerging industry trends, saying, “As mobile banking increasingly defines how people interact with financial services, Unifi is central to our strategy of delivering intuitive, reliable, and inclusive digital solutions. We will continue to invest in technology partnerships and platform enhancements that support financial inclusion, drive adoption, and improve overall customer experience.”

The Unifi mobile app is available for download on Android and iOS devices, offering customers access to a wide range of services, including transfers, bill payments, airtime purchases, and QR-enabled transactions.