Banking services

How To Open Palmpay Account Without BVN

Palmpay is a popular mobile money service in Nigeria that allows you to send and receive money, pay bills, and more right from your phone. One of the requirements to open a Palmpay account is to provide your Bank Verification Number (BVN). However, for various reasons, some people may not have a BVN yet still want to use Palmpay services.

The good news is that there are ways to open a Palmpay account without BVN. In this post, I’ll explain what Palmpay is, the benefits of using it, and walk you through the step-by-step process to open an account without BVN in just 5 easy steps. Let’s get started!

What is Palmpay?

Palmpay is a fintech company that offers mobile financial services through an app on your smartphone. With Palmpay, you can send and receive money instantly to any mobile phone number or bank account. You can also pay bills, buy airtime top-up, pay for goods and services using QR codes, and more.

Palmpay aims to provide financial services to the unbanked population in Nigeria and across Africa. The app provides an easy way for anyone with a smartphone to access financial services without needing a traditional bank account.

Benefits of Using Palmpay

Here are some of the key benefits of using Palmpay services:

• Send and receive money instantly – Transfer funds to any mobile number or bank account in seconds
• No need for a bank account – Palmpay account can be opened without BVN
• Low fees – Palmpay charges lower fees compared to traditional banks
• Safe and secure – Uses encryption technology to protect your money and data
• Pay bills easily – Electricity, cable TV, internet, etc.
• Buy airtime top-up for any network
• Make payments using QR codes at merchants
• Access quick loans and investment opportunities

How To Open Palmpay Account Without BVN

With all these benefits, it’s easy to see why Palmpay is a great option for managing your money on-the-go. Now let’s look at how to open an account if you don’t have BVN.

Step 1: Download the Palmpay App

The first step is to download the Palmpay app from the Google Play Store if you’re using an Android phone or App Store if using an iPhone.

The app is free to download and install. Make sure you download the official Palmpay app to avoid scams and fakes.

Step 2: Register an Account

Once you’ve installed the app, open it and tap on “Create New Account”. You’ll be asked to enter some basic personal details like your name, phone number, email address, date of birth and to create a 6-digit security PIN.

Make sure all the information you enter is accurate as you’ll need to verify it later. Tap on continue when you’re done.

Step 3: Verify Your Phone Number

Palmpay will send a one-time password (OTP) to the phone number you registered. Enter this OTP in the Palmpay app to verify your phone number.

Verifying your number is important so that Palmpay can confirm your identity and secure your account. If you don’t receive the OTP, you can tap on resend to have it sent again.

Step 4: Fund Your Palmpay Account

To start using Palmpay services, you need to fund your Palmpay wallet. There are a few ways to do this:

Bank transfer – You can transfer money directly from your bank account into your Palmpay wallet. To do this, tap on Bank Transfer in the app and enter your bank details to initiate the transfer.

Agent outlet – Visit a Palmpay agent outlet (located at stores, supermarkets, petrol stations etc.) and deposit cash directly into your Palmpay wallet.

ATM transfer – Use an ATM to transfer money from your bank account or card into your Palmpay wallet.

Referral bonus – Earn bonus credit when you refer friends and family to open a Palmpay account too.

We recommend starting with a minimum of 500 Naira in your wallet so you can start using Palmpay services right away.

Step 5: Start Using Palmpay Services

Once your Palmpay wallet is funded, you can start enjoying all the services available:

Send/receive money – Make transfers to other Palmpay users or bank accounts. Just enter the amount and recipient details.

Buy airtime – Top up airtime for yourself or others on any mobile network instantly.

Pay bills – Pay for electricity, cable TV, internet data, etc. right from the app.

Scan and Pay – Make payments at stores accepting Palmpay QR codes.

Request funds – Request money from friends & family into your Palmpay wallet.

And much more. The Palmpay app makes it super easy to manage all your payments and transactions on-the-go.

The best part is you can use all these services without BVN since the Palmpay account works independently. As long as you completed the registration and verification steps outlined above, you can start enjoying financial services without any limitations.

Frequently Asked Questions

Is a BVN required to open a Palmpay account?

No, a BVN is not required to open a basic Palmpay account. You can open an account by simply downloading the app, registering your details, and verifying your phone number.

What information do I need to open a Palmpay account without BVN?

You need your full name, phone number, email address, date of birth, and residence address. You’ll also create a 6-digit security PIN.

How do I fund my new Palmpay account without BVN?

You can fund your account via bank transfer, deposit cash at an agent outlet, do an ATM transfer, or receive funds from referrals.

Can I withdraw cash from my Palmpay account without BVN?

Yes, you can withdraw cash at any Palmpay agent location once your account is funded. Limits may apply for unverified accounts.

Are there limits on a Palmpay account without BVN?

Yes, unverified accounts have lower transaction limits for sending money, withdrawals, and balance. Verifying your account increases limits.

How do I verify my Palmpay account later?

You can verify your account at any time by providing your BVN or national ID card details in the Palmpay app profile section.

Is it safe to use Palmpay without BVN?

Palmpay uses encryption and keeps your money in regulated e-money trust accounts. However, verifying your account adds an extra security layer.

Can I pay bills on Palmpay without BVN?

Yes, you can pay bills like electricity, cable TV, data bundles and more from your Palmpay wallet without BVN.


I hope this guide gives you a good overview of how to open a Palmpay account in Nigeria without BVN quickly and easily. With the Palmpay app, anyone can gain access to mobile financial services, even without a bank account.

In just 5 steps – download, register, verify, fund account, and start using services – you can open your account and start sending money, paying bills, topping up airtime, and more in seconds. So download the Palmpay app today and give it a try.

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