-
Ikiodiete George
- 2 Min Read
Palmpay Mfb Salary Structure In 2025: Latest Pay For Entry-Level, Graduate Trainee, Managers & Senior Staff (Allowances Included)
PalmPay Microfinance Bank (PalmPay MFB) is one of the most prominent fintech-driven financial institutions in Nigeria. With millions of users relying on its mobile app for payments, transfers, and bill payments, it has expanded into a dynamic workplace offering attractive salaries and incentives.
If you’re looking to join PalmPay MFB in 2025—whether as a fresh graduate or a seasoned professional—here’s a full breakdown of how much PalmPay pays its staff, the roles available, and what perks come with them.
Graduate Trainee Salary at PalmPay MFB (2025)
PalmPay’s graduate trainee program is designed for fresh graduates who want to grow into customer service, tech, field sales, or operations roles.
| Role | Monthly Salary (₦) | Annual Estimate (₦) |
|---|---|---|
| Graduate Trainee | ₦80,000 – ₦120,000 | ₦960,000 – ₦1.44M |
Trainees undergo product training, customer onboarding experience, and hands-on tasks during the first 3–6 months. High-performing trainees are absorbed into full-time roles.
Entry-Level Salary at PalmPay MFB
After the trainee period, successful candidates move into permanent positions like Customer Support Agents, Sales Executives, and Onboarding Officers.
| Position | Monthly Salary (₦) | Annual Estimate (₦) |
|---|---|---|
| Entry-Level Staff | ₦140,000 – ₦180,000 | ₦1.68M – ₦2.16M |
Perks at this level include:
-
Transport allowance
-
Target-based bonuses
-
Paid leave
-
Basic health insurance
🧰 Managerial Salary at PalmPay (2025)
These are team leads, territory supervisors, or middle managers overseeing sales, product adoption, or agent performance.
| Role | Monthly Salary (₦) | Annual Estimate (₦) |
|---|---|---|
| Team Lead/Manager | ₦250,000 – ₦450,000 | ₦3M – ₦5.4M |
Benefits include:
-
Monthly commissions
-
Data/internet allowance
-
Business travel stipend
-
Extended health benefits
👔 Senior Staff Salary at PalmPay MFB
This includes directors, senior managers, and executives in departments like Finance, Risk, IT, Compliance, and Strategic Operations.
| Role | Monthly Salary (₦) | Annual Estimate (₦) |
|---|---|---|
| Senior Manager/Executive | ₦700,000 – ₦1.5M | ₦8.4M – ₦18M |
These roles come with:
-
Performance bonuses
-
Official car or transport allowance
-
International training or conferences
-
Staff equity (in rare cases for directors)
💸 Allowances & Bonuses at PalmPay MFB
| Allowance Type | Monthly Value (₦) | Details |
|---|---|---|
| Transport Allowance | ₦10,000 – ₦30,000 | For field and sales staff |
| Internet/Data Support | ₦5,000 – ₦15,000 | For tech/support roles |
| Health Insurance (HMO) | Fully covered | Includes dependents for senior staff |
| Performance Bonus | ₦20,000 – ₦100,000+ | Based on KPIs and targets |
| Leave Allowance | Paid annually | 10–15% of gross salary |
| Device/Tech Stipend | For selected roles | Especially product, devs, and tech leads |
❓ Frequently Asked Questions (FAQs)
Q1: Is PalmPay a safe place to work?
Yes. PalmPay is backed by reputable investors and offers structured employment with benefits.
Q2: Does PalmPay MFB hire NYSC members?
Yes. Some corps members are brought in as interns or contract staff during service.
Q3: Is there room for growth?
Absolutely. PalmPay promotes high performers quickly and rewards initiative and innovation.
Q4: Do staff get commission?
Yes. Especially sales and onboarding staff who meet their monthly or quarterly KPIs.
Q5: What’s the work culture like?
Young, tech-driven, fast-paced, and goal-oriented. Great for those who like challenges.
✅ Conclusion
PalmPay MFB is more than just a mobile payment company — it's a modern financial institution offering competitive salaries, meaningful allowances, and growth opportunities in Nigeria’s booming fintech space.
If you’re targeting a job in fintech or mobile finance in 2025, PalmPay Microfinance Bank is a great place to launch or grow your career.
