In an effort to promote financial literacy, ten users of the popular fintech network PalmPay were given iPhone 15s and TECNO devices as rewards for saving money.
Participants in the campaign, which lasted from November 28 to December 7, competed for five iPhone 15s and five TECNO Phantom X2s by offering N10 billion in trial cash.
At the campaign’s conclusion, Kevin Olumese, Senior Marketing Manager at PalmPay, announced the winners and complimented them on their savings habits.
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“To the winners of the PalmPay Savings Challenge, their win is proof that there’s gain in imbibing the habit of saving; gain in delaying that gratification to spend on one’s immediate want and instead saving to spend on one’s need,” Mr Olumese said.
“We understand that it’s easier to spend than to save money, and it was to dissuade our users from this habit that we came up with the savings challenge to encourage them not to always give in to that gratification but to learn to save.
“Lastly, it’s been a tough year for most Nigerians and PalmPay is happy to present these ten lucky winners with their smartphone gifts. We hope that this will brighten up their experience for the year,” he added.
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Thanking PalmPay for the gift, Adesola Christopher Adehuwa, who won a TECNO Phantom X2, said he was excited about winning the smartphone and urged PalmPay to keep up with the good work of being a fintech platform for Nigerians.
“I feel very excited about winning the TECNO Phantom X2. I have been using PalmPay for two years. The win was unexpected. I want to tell PalmPay to keep up with the good work and continue to bless the poor. I want to tell other users to continue using PalmPay,” Mr Adehuwa said while receiving his gift.
Another winner, Chiamaka Princess Uche, said she was happy winning an iPhone 15 and vowed to continue using PalmPay for her financial transactions, especially the savings feature which offers up to 20% annual interest rate.
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“Indeed, PalmPay is truly the best fintech platform. I just recently started using PalmPay about five months ago and I’ve seen a lot of benefits from the interest rates, the network and all. I just want to tell PalmPay to keep it up.
“Also, I want to tell other PalmPay users to keep using PalmPay. I’ve been with other fintech platforms and I can say that none comes close to PalmPay. I want to encourage them to keep participating in other campaigns,” Ms Uche said.
During the 10-day campaign, users earned a daily interest rate of 16 per cent per annum on their trial cash gifted to them by PalmPay, with the interest from the trial cash daily credited to their savings account as spendable money.
