KPMG Recognises PalmPay for Excellence in 2024 West Africa Banking Industry Customer Experience Survey

PalmPay, a leading Africa-focused fintech platform, has been recognized in the 2024 KPMG West Africa Banking Industry Customer Experience Survey for delivering exceptional customer experiences and surpassing traditional banks in key areas of service delivery.

The survey highlights PalmPay’s strong performance across multiple stages of the customer journey, with customers praising the platform’s seamless transaction processing, reliability, and innovative features.

PalmPay achieved a notable Customer Experience (CX) score of 81.6, ranking among the top fintechs in the region and cementing its position as a leader in Nigeria’s fast-evolving digital financial services landscape.

The KPMG survey evaluates customer experience across six key pillars of excellence:  Integrity, Resolution, Expectations, Time & Effort, Personalisation, and Empathy. PalmPay excelled in delivering seamless experiences, streamlining processes to reduce customer effort, and fostering trust through proactive and transparent communication.

“We are honored to receive this recognition from KPMG, which underscores our unwavering commitment to providing accessible, reliable, and innovative financial solutions to Nigerians,” said Chika Nwosu, Managing Director at PalmPay.

“At PalmPay, we continuously strive to redefine the banking experience by addressing customer pain points, streamlining transactions, and ensuring that our customers can trust and rely on us for their everyday financial needs.”

According to the survey, PalmPay was commended for its minimal network downtime, swift issue resolution, and proactive communication with users. Customers highlighted the platform’s ability to notify them in advance of scheduled maintenance, reinforcing trust and reliability.

A customer featured in the report stated, “PalmPay hardly has network issues and they have saved me from embarrassment”, reflecting the platform’s reliability and user satisfaction.

PalmPay’s recognition aligns with the company’s mission to drive financial inclusion by offering user-friendly, tech-driven solutions that meet the needs of underserved communities.

Through strategic partnerships and continuous innovation, PalmPay remains dedicated to enhancing the customer journey and expanding access to financial services across Nigeria.

Hot this week

NAICOM Boss, Segun Omosehin, Extols Yetunde Ilori’s Leadership at CIIN, Reaffirms Commitment to Institute

L-R: Mr. Ekerete Ola Gam-Ikon, Deputy Commissioner, Finance and...

NAICOM Holds One-Day Training for Police Officers on Compliance with Compulsory Insurance Policies

The National Insurance Commission (NAICOM) has organised a one-day...

Stanbic IBTC Capital Wins Best Investment Bank in Nigeria at 2026 Global Banking and Finance Review Awards

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Stanbic IBTC Bank’s Economic Forum Charts Nigeria’s Path through a Shifting Global Economy

L-R: Wole Adeniyi, Chief Executive, Stanbic IBTC Bank; Dr....

CBN: N100 Banknote Remains Legal Tender in Nigeria

The attention of the Central Bank of Nigeria (CBN)...

Topics

L’Oréal Accelerates Product Development for Sub-Saharan Africa

L’Oréal has inaugurated its new Research & Innovation Center...

CBN Chief, Yemi Cardoso, Formally Receives Central Bank of the Year Award

Governor of the Central Bank of Nigeria (CBN), Mr....

McKinsey Report: Africa Targets $5.6tr Consumer, Business Spending by 2025

Although Africa's growth has slowed, the long-term fundamentals are strong,...

Stanbic IBTC Bank Nigeria PMI: Output Returns to Growth but Inflationary Pressures Remain

The Nigerian private sector returned to growth in December,...

Universal Insurance Reports N15.25bn Premium in 2024

L-R: Dr. Jeff Duru, Managing Director/CEO, Universal Insurance Plc;...

FG Tasks PenCom on N28tn Pension Assets at Board Inauguration

The Federal Government has inaugurated the Governing Board of...