Business and Finance

PalmPay Flexi Cash, Invitation Code, Staff, Repayment

Whether you’re a new or existing PalmPay customer, this innovative feature ensures you’re never caught off guard by unexpected expenses. PalmPay Flexi Cash offers seamless access to funds whenever you need them, whether for medical emergencies or last-minute travel plans.

We’ll delve into the PalmPay staff invitation code and loan repayment details in this comprehensive guide. Stay tuned to discover everything you need to know about making your financial journey with PalmPay even more flexible and hassle-free.

What is PalmPay Flexi Cash 

Palmpay Flexi Cash is a financial service offered by Palmpay, a prominent mobile payment platform in Nigeria. It is a convenient loan solution for users seeking to borrow money on the go. To access Palmpay Flexi Cash, individuals must have a Palmpay account and meet the platform’s specified eligibility criteria. Once approved, users can instantly borrow funds through the mobile app, with loan amounts ranging from N3,000 to N300,000. Notably, one of its standout features is increasing your loan limit as you repay the loan while maintaining competitive and transparent interest rates. This makes Palmpay Flexi Cash an ideal choice for those needing short-term loans.

How to Borrow Money from Palmpay Flexi Cash

To acquire Palmpay Flexi Cash, it is recommended to follow the necessary steps outlined below:

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  • Download the Palmpay app from the Play Store and create an account if you haven’t already done so.
  • On the app’s homepage footer, tap the “Finance” icon and select “Flexi Credit.”
  • Review and accept the provided terms and conditions before applying for Flexi credit.
  • Provide your BVN (Bank Verification Number). If you are unsure of your BVN, dial 5650# on your phone, and it will be displayed on your screen, provided you have at least N20 to N50 in your bank account.
  • Complete the loan application form, furnishing it with your personal and financial information. This includes details about your employment status, monthly income, and the purpose of the loan.

After submitting your application, Palmpay will assess your eligibility for the loan.

If your application is approved, you will receive the loan amount in your Palmpay account within a few minutes. Subsequently, you can use the funds for your intended purposes and initiate repayments by the agreed-upon terms.

To be eligible for a Palmpay Flexi Cash loan, you must possess a valid Palmpay account, a Nigerian bank account, and a valid means of identification. Furthermore, meeting Palmpay’s eligibility criteria necessitates having a regular source of income and a favourable credit score.

Exercise caution and assess your ability to repay the loan before applying. Defaulting on loan payments can lead to severe consequences for your credit score and financial standing.

PalmPay Flexi Cash, Invitation Code

The Palmpay invitation code, such as “3BM5VB,” is a unique code offered to existing Palmpay users for sharing with friends, family, or others interested in using the Palmpay app. When a new user registers using this code, the new and existing users receive various benefits. This code is an essential component of Palmpay’s referral program, enabling users to earn money. By distributing their invitation code, users can generate income when individuals sign up or register. It’s crucial to understand that the Palmpay invitation code differs from the Palmpay Flexi Cash feature, which offers financial services and loans.

PalmPay Flexi Cash Repayment

Repaying PalmPay Flexi Cash is a straightforward process with multiple options available. Users can settle their loans in several ways, ensuring flexibility and convenience. First, if you have sufficient funds in your PalmPay wallet, you can use your balance to make repayments. Alternatively, you can opt for debit card payments by adding your card details to the PalmPay app. The third option is a bank transfer to the designated PalmPay bank account, requiring the correct account and reference numbers. 

To initiate repayment, open the PalmPay app, navigate to “My Loans,” select the Flexi Loan, choose your preferred repayment method, and follow the prompts. The repayment period typically ranges from 14 to 30 days, with interest rates varying from 5% to 15%. This simple and flexible process ensures borrowers can easily manage their PalmPay Flexi Cash repayments within the app.

SEE ALSO: Palmpay OK Card, How to Repay, Deactivate and Unfreeze Account


How do I apply for Flexi cash on PalmPay?

To apply for Flexi Cash on PalmPay, follow these steps:

  • Download the PalmPay app and create your account.
  • Log in to your account using the mobile app.
  • On the app’s homepage, tap the “Finance” tab at the bottom.
  • Locate the “Flexi Cash” option and select “Borrow Now.” This will initiate the loan application process, allowing you to choose your desired loan amount and repayment terms.

How to earn free 2k on PalmPay?

You can earn up to N2000 through the cash spree feature by inviting friends to use PalmPay. When you invite 2 friends, you’ll receive N500; inviting 3 friends will earn you N1000.

How do I increase my money on PalmPay?

You can increase your earnings on PalmPay by referring more users. For instance, by inviting 6 people who register with PalmPay, you can receive a cash reward of N2000. Inviting 3 people who register and complete their first transaction will also yield a reward of N200.

What is the free PalmPay Flexi invitation code?

The working PalmPay invitation code is “3BM5VB.” Copy and use this code to receive a welcome bonus of up to N1000.

What is the highest amount PalmPay can receive?

Without linking your BVN, your PalmPay account can hold a maximum of ₦300,000. If your account exceeds this limit, it will be blocked until your BVN is linked.

How much can palm credit borrow me for the first time?

You can borrow up to ₦100,000 from PalmCredit, with the option to adjust the maximum amount as needed.

How many people use PalmPay?

PalmPay has attracted a substantial user base, with approximately 25 million users. The platform offers various financial services, including money transfers, bill payments, credit services, and savings, accessible through its app and a network of 500,000 mobile money agents since its launch in Nigeria in 2019.

Is PalmPay and PalmCredit the Same Company?:

PalmPay and PalmCredit are separate entities under Transsnet. While Transsnet owns both, they serve different purposes. PalmPay is a mobile payment platform, and PalmCredit is a digital lending service. Their shared ownership doesn’t make them the same company but affiliated entities within the Transsnet group.

What is the highest amount PalmPay can receive?

PalmPay account balances can reach a maximum of ₦300,000 without a linked BVN. Beyond this limit, account access may be temporarily suspended until BVN verification is completed, adding an extra layer of security. To maintain access to higher balances, BVN linking is advisable.


PalmPay Flexi Cash is your trusted source for accessible and hassle-free loans. Whether you’re a new or existing user, it’s a valuable financial tool for unexpected expenses. With PalmPay, you’re well-equipped to manage your finances efficiently.

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