Fintech company, PalmPay, is rewarding its users for their saving habits in a new savings promotion geared towards driving financial literacy.
The savings challenge will run from November 28 to December 7, 2023, and users have the chance to win one of five iPhone 15, five TECNO Phantom X2 smartphones and participate in winning part of N10 billion in Trial Cash.
Announcing the initiative, the Senior Marketing Manager, PalmPay, Kevin Olumese, said: “Users will earn a daily interest rate of 16 percent per annum from the Trial Cash and have the earned interest credited to their savings account as spendable money every day.”
Olumese added: “Of course, we understand that it’s easier to spend than to save money. However, what if you were told you could delay that gratification to buy a new smartphone and in 10 days become the owner of a brand new iPhone 15 or Phantom X2?
“The PalmPay Savings Challenge is to encourage users to delay that gratification to spend and instead save while also being rewarded.”
During the campaign period, users stand a chance to win if they join at least one round of challenge, verify their BVN on the PalmPay app, share the campaign with at least one friend, and keep their CashBox balance above N1,000.
Joining more rounds of challenge will increase users’ chances of winning in the savings promotion. In the final round of the challenge, lucky users with the highest trial cash will be drawn to win an iPhone 15 or Phantom X2.
