How does Palmpay Ok card work
Palmpay is a fast rising fintech company that has made financial transactions seamless for Africans.
The company’s innovation ranges from providing a digital wallet to make payments to the Palmpay Ok card, which functions as a debit card.
The Palmpay Ok is a new system that the company launched to complement its digital wallet services.
It’s designed to make payments easier and more efficient.
In this article, we would explore how the Palmpay Ok card works.
First, it’s essential to note that the Palmpay Ok card is a pre-funded debit card that works like a regular bank card.
The card is linked to your Palmpay wallet, and you can use it to access your wallet balance.
The card allows you to spend funds that you have loaded in the Palmpay wallet without any additional fees, similar to a regular debit card.
How does Palmpay Ok card work
To get started with the Palmpay Ok card, you need to download the Palmpay app on your mobile device.
After downloading the app, sign up to create an account.
Once you have created an account, you can complete your KYC registration by uploading your national identity card, driver’s license, or international passport.
After your KYC registration is successful, you can now request the Palmpay Ok card.
How to request for Ok card
To request the Palmpay Ok card, tap on the ‘Account’ section on the app and click on the ‘Create Card’ button.
You would be required to enter your Palmpay wallet PIN. After entering the PIN, the app would generate a virtual card that you can use to make online transactions immediately.
However, if you want a physical card, you can click on ‘Order Physical Card,’ and it would be shipped to your location.
How Good is Ok card
The Palmpay Ok card is a unique debit card that you cannot find anywhere else. The card has advanced security features and comes with the latest chip and pin technology.
It’s also compliant with the EMV standard, which means it’s accepted by merchants all over the world.
With the Palmpay Ok card, you can make contactless payments using NFC technology. Simply tap your card on the POS machine, and the transaction is complete.
What are the different between other bank card and Ok card
One thing that differentiates the Palmpay Ok card from other debit cards is the added functionality of Palmpay Rewards.
As a Palmpay user, you get rewarded every time you use the card to make payments.
These rewards come in the form of cashback, discounts, and loyalty points that can be redeemed for various prizes on the Palmpay app.
The Palmpay Rewards program is an added advantage that makes using the Palmpay Ok card more beneficial for users.
The Palmpay Ok card can also be used for cash withdrawals at ATMs. Withdrawals are subject to a transaction fee of N30 for 3 consecutive transaction, but this is relatively low compared to other bank-issued debit cards.
