Infinix launched the Infinix Wallet, a digital wallet app co-developed with mobile financial services platform PalmPay, 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 aims for mobile phone 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.
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PalmPay is a leading pan-African fintech organization that provides diverse and localized digital financial services to tens of millions of consumers through its innovative technology and service capabilities. Infinix has partnered with PalmPay to create a digital wallet that meets the needs of consumers by combining their resources in financial technology, customers, and expertise in the industry.
“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. Together, Infinix and PalmPay will provide consumers with an unparalleled digital financial service experience. In the future, Infinix’s 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.” Skye Chen, Head of Global Public Relations of Infinix.
“Infinix’s is a leading enterprise in terms of market power and brand influence among African consumers. The partnership between Infinix’s 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.” Sofia Zab, Chief Marketing Officer of PalmPay.
Infinix Digital Credit Account: Instant Credit
Instant Credit is a featured digital credit account for Infinix mobile users that offers a minimalist and convenient experience for 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 to 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.