PALMPAY PARTNERS CAC TO REGISTER 219,000 SMALL BUSINESSES
By RsdNews Portal.
PalmPay, a Fintech company, has partnered the Corporate Affairs Commission (CAC) to register 219,000 small businesses to boost Nigeria’s economy.
In a press briefing announcing the initiative recently in Abuja, the Registrar-General of CAC, Hussaini Magaji, said the exercise aligned with the commission’s target to register more than 20 million small businesses by the end of 2024.
“To enforce the law mandating business registration, today, Palmpay Nigeria Limited is handing over 219,000 small businesses for registration to the Corporate Affairs Commission (CAC), thereby legitimising and regularising and creating jobs for 219,000 youths,” according to the Registrar-General.
Also speaking, the Managing Director of PalmPay, Chika Nwosu, reassured of the fintech company’s readiness to partner with the CAC to support the government to grow the economy, adding that millions of Nigerians subscribe to PalmPay.
“Since we registered under a mobile money operator (MMO) license in 2019, PalmPay has always remained committed to driving financial inclusion in Nigeria and helping to grow the country’s economy. Partnering with the federal government through the CAC expresses that commitment,” Nwosu said.