- Palmpay does not have a virtual card.
- The mobile money app does not also have a Visa card, Mastercard and USD card.
- The only cards that Palmpay is offering are QR-cards and Debit (ATM) cards.
Palmpay launched a direct debit card in 2024. However, before the debit card was issued, the Nigeria-based mobile money app was issuing a QR-card for its customers. In other words, till now, Palmpay doesn’t have a virtual card.
Instead of providing a virtual card like OPay, the fintech app launches an ATM card in 2024. The ATM card replaces QR-card. The QR-card is a physical card. It has a scannable code linked to Palmpay account that works by allowing others to can scan to make payments.
Merchants use the Palmpay QR-card mostly in-store to collect payments from their customers. As PalmPay now launches a debit card, the debit cards will be used in POS instead of scanning a QR-code.
With that being said, it does look like Palmpay is willing to introduce virtual card in its app. People prefer virtual cards to debit cards because they are safer and more convenient, especially for online shopping.
Virtual cards don’t exist physically, so they can’t be lost or stolen, and they keep your main account details private by using unique numbers for each transaction. You can learn about how to block your PalmPay account or ATM using USSD immediately you discover it’s been stolen.
What types of cards does Palmpay gives?
Palmpay doesn’t give a Visa Card, MasterCard, Virtual Card and Dollar Card. PalmPay only gives debit (ATM) card issued by verve and the card is denominated in naira. The card cannot be used on any international website like Alibaba or AliExpress.
The PalmPay ATM card is only acceptable on Nigeria ATMs and on website that accept naira as their primary payment currency. More so, PalmPay cannot directly receive any international currency or payment. For people asking if OPay can be used to receive money from South Africa, read this article.
In a nutshell, Palmpay doesn’t not have a virtual card, dollar card, visa card and Mastercard. You can only request a QR-card and a Debit Card from the fintech mobile app in Nigeria.
