The directive follows Section 863 of the Companies and Allied Matters Act 2020 and the 2013 CBN guidelines on Agent Banking. Reacting, Umuteme Enakeno, Head of Marketing and Communication at PalmPay, stated: 'PalmPay fully supports the CAC's directive. To provide a seamless experience for our customers, we have integrated the registration portal with our Business App.
Register Your Business via the PalmPay Business App: Ensure that all necessary documents and information are provided accurately before submitting your application. 2. Update Your PalmPay Account Once you get the certificate, update your business details in your PalmPay account to reflect your new corporate status. PalmPay is committed to doing our part to foster a secure financial ecosystem. We urge all PalmPay Business customers to submit or register their CAC before the deadline.