Infinix, PalmPay Partner to Launch Infinix Wallet

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Tech company Infinix has partnered up with leading pan-African fintech organization PalmPay to launch Infinix Wallet – a digital wallet app with the aim of building a multi-dimensional digital life ecology for Infinix smartphone users that integrates financial services and various payment scenarios into a simple and secure ecosystem.

Infinix wants its users to have the ability to easily complete credit and balance account applications, mobile phone top-ups, daily shopping, money transfers, and more with simple operations on their mobile phones making their digital finances simple and secure.

PalmPay provides diverse and localized digital financial services to tens of millions of consumers through its innovative technology
and service capabilities.


This partnership now means Infinix becomes the first smart device provider to launch a digital wallet in Kenya.

Infinix Wallet brings with it features like:

  • Instant Credit: Infinix Wallet gets you a digital credit account for Infinix smartphone users. Without the complicated application process of a traditional credit card, users can quickly open an Instant Credit account with third-party financial institutions and use credit to pay as they go, allowing for a quick turnaround of small payments.

Instant Credit helps users build their personal credit profiles with the Infinix Wallet by providing a high initial credit limit, which allows users to increase their credit line over time building up a credit history by making payments on time. Instant Credit also provides Infinix users with customized benefits such as zero processing fees, zero account management fees, zero annual fees and free interest of up to 16 days.

  • Load Bank Cards and Manage Funds: Infinix Wallet enables full online management of all users’ bank cards, providing a digital, visual and card-less fund management experience. By adding a third-party bank card to Infinix Wallet, a user can check balances, transfer funds, pay for goods, make repayments and classify spending statistics. This combined provides an intelligent, convenient and clear view of personal wealth management, income and expenses.

Infinix hopes that the Infinix Wallet will become the one-stop shop for digital finances in emerging markets where Infinix products are popular by integrating daily user spending including topping up talk time, data and utility bill payments so that users can tap and pay and get on with their day.

The company collaborates with the mainstream local service providers including Safaricom, DSTV, Kenya Power and Nairobi
Water.

Infinix adds that the Infinix Wallet has also connected with local merchants offering users a wealth of rebate benefits such as cashback on payments, discounts, loyalty rewards, membership
points and more allowing users to spend less and save more.

Is The Infinix Wallet Secure?

Infinx says that the Wallet uses a multi-layered security system to safeguard user privacy and payments ensuring customers can tap and pay with peace of mind.

Infinx adds that the Infinix Wallet protects user data by making sure the user fully owns their own data and has knowledge over any collection, usage, processing, retention or deletion if applicable.

The Wallet is also fully compliant with GDPR and international information security standards including PCI DSS and ISO27001.

The Wallet works with third-party licensed financial institutions besides PalmPay that provide payment and other financial services in various countries to continuously protect user funds and payments
through various technological means such as security information comparison, dynamic password verification, risk monitoring system protection and more.

Beginning with the current alpha test release, the Infinix Wallet will launch in markets starting in May with Nigeria, Kenya, and Ghana.

The launch will commence in Tanzania in July and Uganda, Côte d’Ivoire and Senegal in September.

“We have benefited from the incredible developments of the digital economy and are fortunate to take a key role in building this digital ecosystem. PalmPay delivers its innovative financial technology and extensive service experience,” said Skye Chen, Head of
Global Public Relations of Infinix.


“Together, Infinix and PalmPay will provide consumers with an unparalleled digital financial service experience. In the future,
Infinix will work with more partners to extend the scope of Infinix Wallet services to cover more application scenarios to simplify digital finances for end-users.”

“Infinix is a leading enterprise in terms of market power and brand influence among African consumers. The partnership between Infinix and PalmPay will accelerate the rapid adoption of digital wallets, and connect valuable and high-quality services to end-users in more
countries and regions. Additionally, it will also drive the rapid development of the digitization of financial services,” said Sofia Zab, Chief Marketing Officer of PalmPay.


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