Lagos, Nigeria – Financial technology company PalmPay and AI solutions provider Dyna.Ai have announced a strategic partnership aimed at transforming Nigeria’s finance industry through the adoption of artificial intelligence technologies.
The partnership was unveiled at a private event hosted by Dyna.Ai at Four Points by Sheraton in Lagos. The event drew notable attendees, including Tokoni Igoin, Special Assistant to the President on ICT and Digital Innovation, and Dr. Jameelah Ayedun, Vice President of the Fintech Association of Nigeria, among other industry stakeholders.
“We are excited to join major players like PalmPay in a time like this,” said Tomas Skoumal, Chairman and Co-Founder of Dyna.Ai. “Transforming the finance industry is never a one-party job. It requires collective effort from ecosystem players and support from the local government – all working towards a shared vision to bridge the gap between market demands and the pace of digitalisation. Dyna.Ai is proud to join forces with PalmPay in Nigeria, delivering state-of-the-art AI solutions to boost their initiatives aimed at meeting the country’s evolving digital needs.”
Chika Nwosu, Managing Director at PalmPay Nigeria, echoed this sentiment, stating: “Our partnership with Dyna.Ai marks an exciting step in our mission to deliver exceptional financial solutions in Nigeria. By leveraging their remarkable artificial intelligence-powered infrastructure, we’re reinforcing the reliability and safety of our services, allowing us to better serve our customers and set a new standard in digital finance.”
The collaboration, which commenced earlier this year, leverages Dyna.Ai’s AI-powered technologies to enhance user experience, increase operational efficiency, and streamline backend processes at PalmPay Nigeria. Both companies plan to explore the deployment of these technologies in other African markets to further drive efficiency and innovation in the sector.
Dyna.Ai, headquartered in Singapore, officially launched in May 2024 and has since expanded into markets across Southeast Asia, Latin America, and the Middle East and Africa. The Lagos event, branded as Nigeria Dyna Day, marked the company’s first official activation on the African continent.
