The Traffic

PalmPay Teams Up with Dyna.Ai to Usher in a New Era of AI-Driven Finance in Nigeria

By Achimi Muktar

In a groundbreaking move poised to reshape Nigeria’s financial landscape, Singapore-based AI firm Dyna.Ai has partnered with leading fintech giant PalmPay to accelerate artificial intelligence adoption in the country’s finance sector.

The strategic alliance was unveiled during an exclusive launch event, Nigeria Dyna Day, held at Four Points by Sheraton, Lagos. The high-profile gathering was attended by tech and finance heavyweights, including Mr. Tokoni Peter Igoin, Special Assistant to the President on ICT Development and Digital Innovation, and Dr. Jameelah Ayedun, Vice President of the Fintech Association of Nigeria.

AI-Powered Banking for the Future

Tomas Skoumal, Chairman and Co-Founder of Dyna.Ai, emphasized the transformative power of collective innovation:

“Transforming Nigeria’s finance industry isn’t a solo mission. It takes collaboration between ecosystem players and support from local authorities. We’re thrilled to partner with PalmPay to deliver AI solutions that meet the country's evolving digital needs.”

Echoing the excitement, PalmPay’s Managing Director, Chika Nwosu, described the partnership as a leap toward smarter, safer digital finance:

“By leveraging Dyna.Ai’s groundbreaking infrastructure, we’re enhancing the safety, efficiency, and overall experience of financial services in Nigeria.”

What the Partnership Means for Nigeria

The collaboration integrates Dyna.Ai’s cutting-edge artificial intelligence into PalmPay’s operations, boosting backend performance and refining user engagement. The partnership aims to redefine digital banking in Africa, starting with Nigeria.

PalmPay’s 35+ million users and vast agent network of over 1.1 million will benefit from enhanced security, faster services, and more personalized user experiences—thanks to Dyna.Ai’s powerful algorithms and AI-human interaction models.

Expanding the Digital Frontier

Dyna.Ai’s debut in Nigeria signals a larger ambition: to extend AI-powered financial solutions across Africa. Having already established a presence in Southeast Asia, Latin America, and the Middle East, Nigeria represents Dyna.Ai’s first footprint on the continent—with more countries likely to follow.

About Dyna.Ai

Founded in 2024, Dyna.Ai offers AI-as-a-Service solutions tailored to the finance industry. From risk management to marketing and customer experience, the company specializes in streamlining operations through advanced data analytics and artificial intelligence.

About PalmPay

PalmPay is one of Africa’s fastest-growing digital banks. Offering zero-fee transfers, savings, credit, and merchant tools, PalmPay empowers individuals and businesses through user-friendly financial solutions designed for emerging markets.

As both companies chart a bold path into the future, one thing is clear: Nigeria’s fintech industry just received a major AI upgrade.