A leading fintech company in Nigeria, PalmPay Limited, has concluded plans to empower 5,000 women as part of its Corporate Social Responsibility in Kano.

The support intervention, focused mainly on financial literacy, is designed to promote self-reliance and stimulate microeconomic growth among women and youth in the state.

The Managing Director of the company, Mr. Chika Nwosu, disclosed the empowerment plan at the palace of the Emir of Kano, Khalifa Muhammad Sanusi II, during a courtesy visit to the monarch on Wednesday.

Nwosu, who led the management team of the digital payment solution to seek the Emir’s blessings for the program, revealed that the initiative is essentially targeted at women, youths, university students, and NYSC corps members in Kano.

Mr. Nwosu disclosed that the fintech company in Nigeria started operations five years ago and has since grown to over 35 million users, with recognition from the Financial Times as the second fastest-growing company in Africa and the fastest-growing fintech in Africa.

He said the company is expanding its impact in Northern Nigeria, especially in Kano, to make financial services more inclusive and accessible, especially to underserved communities.

The MD reminded that the company was committed to promoting financial literacy campaigns, particularly among youth and women, and also to supporting individuals and female-led micro, small, and medium enterprises (MSMEs) through capacity building and access to affordable digital payment tools.

“The company seeks the blessing of His Royal Highness before proceeding with the activities in his domain. As part of the women’s empowerment programme, we will be launching our pilot initiative in Fagge Local Government Area.

“There, we plan to engage directly with market women, providing them with practical training and essential tools designed to support and accelerate their business growth,” he said.

Emir Sanusi II commended PalmPay for the investment in CSR and assured them of the emirate’s support, noting that fintech is a crucial element of the financial system architecture globally.

He further directed his district heads to give the company all the needed support to ensure the success of the programme.