Transsnet Financial

Transsnet Financial is a financial services company founded in 2018 through a joint venture between Transsion Holdings and NetEase Group.

Based in Ikeja, Lagos, Nigeria, the company focuses on enhancing financial inclusion across Africa by utilizing the reach of Transsion's smartphone brands and NetEase's digital ecosystem. It aims to serve underserved populations with a range of digital financial services. The company offers various services, including digital payments, savings solutions, lending services, and financial inclusion programs. Its flagship product, the Palmpay app, facilitates secure mobile payments and rewards users for transactions. Palmpay is actively used in Nigeria and Ghana, processing significant monthly payment volumes. Transsnet Financial is committed to reaching 100 million customers and expanding its services across the continent, with plans for operations in countries like Tanzania and the UK.