In a significant development for Nigeria's financial technology landscape, Dyna.Ai and PalmPay have announced a strategic partnership aimed at accelerating artificial intelligence adoption in the country's finance sector.

The partnership was unveiled during a private launch event hosted by Dyna.Ai at Four Points by Sheraton Lagos. Notable attendees included 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.

Speaking at the event, Tomas Skoumal, Chairman and Co-Founder of Dyna.Ai, emphasized the collaborative nature of the initiative: "Transforming the Nigerian 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 effectively bridge the gap between market demands and the pace of digitalization."

Chika Nwosu, Managing Director at PalmPay Nigeria, highlighted the benefits of the collaboration: "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 partnership, which began earlier this year, utilizes Dyna.Ai's AI-powered technologies to enhance user experience by improving operational efficiency and streamlining backend processes at PalmPay Nigeria. Both companies have indicated plans to explore further applications of Dyna.Ai's solutions across additional African markets.

Dyna.Ai, headquartered in Singapore, launched in May 2024 and has already expanded into markets across Southeast Asia, Latin America, and the Middle East and Africa. The Nigeria Dyna Day marks its first branded activation event on the African continent.

PalmPay brings significant market presence to the partnership, with over 35 million users and a network of 1.1 million merchants and agents across Africa. The fintech platform offers various financial services including zero-fee transfers, payments, savings, credit, and insurance.

This collaboration represents a major step forward in Nigeria's digital finance evolution, potentially setting new standards for AI integration in financial services across the continent.