Whether you sell small goods to people in a certain area or have a big business in several places, as long as you are providing value to satisfy the needs of people, you are an entrepreneur and the best thing to do is to take control of how your financial transactions happen. 

Yes, commercial banks are good but digital banks like Palmpay and others, often offer convenience, accessibility, and cost-effectiveness for managing your business finances. They can provide features such as online banking, mobile payments, and easy access to financial services, which can be particularly beneficial for entrepreneurs looking to make their financial operations easy. 

Try Palmpay 

Palmpay is a digital bank that allows you to send, receive, save money, and even pay your bills easily. It’s common for most entrepreneurs to now do their business online which means that they may not have access to physical cash from their customers. With Palmpay, there is no need to panic about transactions getting delayed or stuck which is usually the fear of several entrepreneurs. 

Also, if you need to know, Palmpay is legally and fully licensed to perform as a Mobile money operator by the Central Bank of Nigeria, and insured by NDIC (Nigeria Deposit Insurance Corporation). The digital bank currently has over 30 million users who continuously enjoy the perks of being a Palmpay customer. Over time, people have asked questions like “Is Palmpay a Microfinance Bank?

Microfinance banks are financial institutions that provide people with different kinds of loans, from small loans to business loans but this is not what Palmpau does. So, Palmpay is not a Microfinance bank. 

Palmpay Log in  

To login on Palmpay means that you already have an account with them which automatically makes you a user. To log in to the app, you need to provide your email address/phone number and password. If you have no idea what password the login page requests, then it means you do not have an account and should open one. 

To open an account, click on sign up and follow the instructions on the screen. 

The account opening process is a simple process that can be done within minutes after which you can now go back to login to your newly created account. 

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The Palmpay App

The best and easiest way to use Palmpay is to download the Palmpay mobile app. With this app, you can perform all types of transactions, personal or business without even moving an inch. You can check your transaction history if you need to keep a tab on how you have gained or disbursed from your business. It provides the convenience of managing your finances from your mobile device, reducing the need to visit physical bank branches. This can be more useful for individuals and businesses looking for efficient digital banking solutions. The application is available for both Androidand iOS users and you can download it to start with. 

Palmpay Security Plugin

Like many other financial apps, Palmpay has a security plug-in that ensures the safety of user data and transactions. These may include encryption, multi-factor authentication, and other security features. However, it can restrict users from performing certain activities and they may have no choice but to get the plugin removed. If this is you, here is what you need to do: 

• Open your Palmpay app on your Android phone
• Look for the “OK card” button 
• Alternatively, you can even click on “Finance” at the bottom of the page. 
• Make sure you are not owing or currently repaying loans. You may need to repay your loans before removing the plugin. 
• Click on the 3dot option icon, then click on “Menu”  
• Search for “Deactivate security plugin,” and uncheck the box. 
• When you do that, the security plugin for your Palmpay app has been removed. 

Perks of Using Palmpay Business Account as an Entrepreneur

• Seamless Transactions
• Thorough transaction management 
• Your business will be safeguarded against fraud
• Access to business management tools

Provided you encounter any problems, you can always reach out to Palmpay customer care at: 

• Email: support@palmpay.com 
• Phone number: +234 018886888
• Also, you can always use the feedback box on the Palmpay app.