By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Shore AfricaShore AfricaShore Africa
Notification Show More
Font ResizerAa
  • Hot News
  • Tourism
  • Entertainment
  • Business
  • Luxury
  • Exclusive
  • Sports
  • Technology
Reading: Adenuga’s Glo deepens fintech reach with PalmPay, rewards loyal customers
Share
Font ResizerAa
Shore AfricaShore Africa
Search
  • Hot News
  • Tourism
  • Entertainment
  • Business
  • Luxury
  • Exclusive
  • Sports
  • Technology
Have an existing account? Sign In
Follow US
Shore Africa > Hot news > Business > Adenuga’s Glo deepens fintech reach with PalmPay, rewards loyal customers
Chairman, Chief Mike Adenuga
BusinessHot News

Adenuga’s Glo deepens fintech reach with PalmPay, rewards loyal customers

Feyisayo Ajayi
Last updated: June 20, 2025 3:52 pm
Feyisayo Ajayi Published June 20, 2025
Share
Chairman, Chief Mike Adenuga
SHARE

At a Glance


  • Glo offers 6% cashback on PalmPay airtime and data purchases above N500.
  • Weekly raffle draws give Glo subscribers chances to win smartphones and cash prizes.
  • Dormant data users get 100% bonus on Glo recharge during promo period.

Globacom, the telecom giant founded by Nigerian billionaire Mike Adenuga, has deepened its fintech footprint with the launch of the second edition of the Recharge and Win Bonanza in partnership with digital payments platform PalmPay. 

The new campaign, which kicked off on June 19 and ends August 8, 2025, seeks to increase digital airtime usage while offering loyal subscribers cash rewards and high-end smartphones.

The promo allows Glo customers who recharge via PalmPay to win prizes, including the iPhone 15 Pro, Infinix Hot 40 smartphones, and daily cash bonuses. Weekly live draws will be streamed on PalmPay’s official social media channels, with transactions above N500 boosting chances of winning.

As part of the campaign, Nigeria’s second-largest telecom operator is offering up to 6 percent cashback on airtime and data purchases made through PalmPay. Customers who haven’t used a Glo data plan in the last 90 days will also receive a 100 percent data bonus on their recharge—an incentive aimed at reactivating dormant users.

A fintech-forward telco strategy

“Our partnership with PalmPay on the ‘Glo with PalmPay Bonanza’ underscores our commitment to enriching the lives of subscribers through rewarding digital experiences,” 

Globacom said in a statement. “We are constantly evolving to meet the needs of our customers.”

PalmPay, with over 35 million users across Nigeria, serves as the technical and distribution partner for the promotion. Wayne Ruppel, Head of Billers at PalmPay, said: “Partnering with Glo, a telecom leader, aligns with our mission to deliver more support, more rewards, and more innovation.”

Adenuga’s long game in digital inclusion

The latest campaign reflects the broader vision of Glo founder Mike Adenuga, one of Africa’s most influential and Africa’s richest tech billionaire—worth an estimated $6.2 billion—is Nigeria’s second-richest man and a silent force behind some of the country’s biggest corporate moves in telecoms, oil, and banking.

Through Globacom and its payment arm, MoneyMaster Payment Service Bank, Adenuga is pushing deeper into underserved regions. With over 100,000 agents nationwide, MoneyMaster is expanding access to formal financial services for millions of unbanked Nigerians.

His daughter, Bella Disu, plays a growing role in the business empire. As Executive Vice-Chair of Globacom, she also leads Cobblestone Properties, responsible for luxury projects like Ilé Ọjà in Victoria Island and Opebi.

She chairs Abumet Nigeria Limited, which has quadrupled its earnings under her leadership, and sits on the board of construction giant Julius Berger, which posted a record N566.2 billion($365.18 million) revenue in 2024.

Bella Disu
Bella Disu (second from right), Executive Vice Chairman of Globacom, participates in a panel discussion during the launch of Nigeria’s Digital Economy Report by GSMA, held at the Transcorp Hilton Hotel, Abuja.

Purpose and quiet power

Despite his empire, Adenuga remains notably private. His philanthropic efforts include a N1.5 billion COVID-19 donation, $3.8 million in relief for Niger Delta flood victims in 2012, and over $20 million annually in education and sports investments. His foundation funds scholarships for underprivileged students—an echo of his days as a student taxi driver funding his education abroad.

From his opulent Banana Island residence to homes in London, Accra, and Johannesburg, Adenuga’s material footprint is vast. But it pales in comparison to the social infrastructure built through his businesses across Africa.

With a legacy anchored in resilience, vision, and silent generosity, Adenuga is more than a mogul. He is an institution. The Glo–PalmPay campaign is just the latest chapter in a career defined by bold moves, quiet impact, and a deep commitment to transforming lives.

You Might Also Like

Egypt’s latest megaproject: Building a futuristic desert city

Why Africa’s projected 4.2% growth in 2025 is a turning point for the continent

Inside Cape Town’s $7,400-a-night hotel where privacy meets ultra-luxury

New tech billionaire emerges in South Africa

Dangote Cement maintains top status on the Nigerian Exchange with $5.26 billion market cap

TAGGED:Digital AirtimeFeaturedFintech NigeriaGlo RechargeMike AdenugaPalmPay PromoTelecom Rewards
Share This Article
Facebook X Email Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
LinkedInFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Popular News
Ayra Starr
EntertainmentHot News

Ayra Starr becomes Africa’s top musician on Spotify with 25 million monthly listeners

Omokolade Ajayi Omokolade Ajayi December 14, 2024
Top 5 African export giants making global impact
Billionaire Stephen Saad buys $10.2 million in shares amid Aspen woes
MCB Group’s $2.55 billion market cap cements spot as Mauritius’ most valuable company
Why Coty cut Algerian-born French tycoon Sue Nabi’s earnings by $142 million to $7.3 million in 2024
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
- Advertisement -
Ad imageAd image
Flutterwave
BusinessHot News

Top 20 African tech companies

Explore Africa’s top 20 tech companies driving innovation, securing record funding, and transforming industries across the continent.

Feyisayo Ajayi Feyisayo Ajayi July 11, 2025
Kendrick-Lamar
EntertainmentHot News

Kendrick Lamar beats competition, secures most top 10 hits

Pulitzer-winning rapper tops charts with “All the Stars” ft. SZA at No. 7, followed by Drake diss “Not Like Us”…

Timilehin Adejumobi Timilehin Adejumobi July 11, 2025
SA Whale Trail
Hot NewsTourism

Walk with Whales: South Africa’s ocean safari experience

South Africa’s Whale Trail, a 56-kilometer hike through the De Hoop Nature Reserve in the Western Cape.

Oluwatosin Alao Oluwatosin Alao July 11, 2025
Kapama-River-Lodge
LuxuryTourism

Kapama River Lodge redefines South Africa’s luxury safari travel

Experience Big Five safaris with luxury and purpose at Kapama River Lodge.

Timilehin Adejumobi Timilehin Adejumobi July 11, 2025
Fourways Mall
BusinessHot News

Fourways Mall: South Africa’s biggest mixed-use retail precinct in Johannesburg

Fourways Mall, South Africa’s largest shopping center, blends retail, leisure, and entertainment in Johannesburg’s dynamic Fourways precinct.

Feyisayo Ajayi Feyisayo Ajayi July 10, 2025
Flutterwave
BusinessHot News

Top 20 African tech companies

Feyisayo Ajayi Feyisayo Ajayi July 11, 2025
Kendrick-Lamar
EntertainmentHot News

Kendrick Lamar beats competition, secures most top 10 hits

Timilehin Adejumobi Timilehin Adejumobi July 11, 2025
SA Whale Trail
Hot NewsTourism

Walk with Whales: South Africa’s ocean safari experience

Oluwatosin Alao Oluwatosin Alao July 11, 2025

Categories

  • Business
  • Entertainment
  • Exclusives
  • Hot News
  • Luxury
  • Tourism

About US

A premier digital news platform spotlighting Africa’s top companies, business leaders, athletes, musicians, brands, and luxury destinations.

Our Team

Subscribe US

Shore.Africa is owned by Travel Shore, the media brand behind Shore Africa. Subscribe to our newsletter to get our newest articles instantly.

Feyisayo Ajayi 264 Articles
Feyisayo Ajayi is the Publisher and Co-founder of Shore Africa, the flagship media brand under the Travel Shore umbrella. He brings over a decade of multidisciplinary experience across media, finance, and technology. Feyisayo holds a bachelor’s degree in Geology from the University of Ibadan, Nigeria.
Omokolade Ajayi 84 Articles
Timilehin Adejumobi 168 Articles
Oluwatosin Alao 22 Articles
© Shore Africa All Rights Reserved.
Welcome Back!

Sign in to your account

Sign in with GoogleSign in with Google. Opens in new tab
Username or Email Address
Password

Lost your password?