PalmPay rolls out Verve debit cards as Nigerian fintechs shift to local providers

PalmPay, the Nigerian fintech with over 35 million users, has launched its first debit card in partnership with Verve, marking a major step in its evolution from a mobile wallet to a full-service digital financial platform. The move comes amid a broader shift by Nigerian fintechs toward local card schemes, as rising costs and declining international spending make global providers like Visa and…