Artificial intelligence solutions provider Dyna.Ai and digital payments platform PalmPay have entered a strategic partnership to transform Nigeria’s financial services industry, both companies said in a statement on Saturday.
The announcement was made during a private launch event hosted by Dyna.Ai at Four Points by Sheraton in Lagos, attended by key industry players, including the Special Assistant to the President on ICT Development and Digital Innovation, Tokoni Igoin, and the Vice President of the Fintech Association of Nigeria, Jameelah Ayedun.
The collaboration, which launched earlier this year, leverages Dyna.Ai’s AI-powered technologies to enhance user experience by improving operational efficiency and streamlining backend processes at PalmPay Nigeria. Both companies plan to explore how Dyna.Ai’s AI solutions can be further applied to drive efficiency across additional markets in Africa.
“We are excited to join hands with major local players like PalmPay in a transformative time like this,” said Chairman and Co-Founder of Dyna.Ai, Tomas Skoumal.
“Transforming the Nigerian finance industry is never a one-party job.
He added, “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 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.”
The Managing Director at PalmPay Nigeria, Chika Nwosu, said, “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.”
Dyna.Ai, a Singapore-headquartered company, launched in May 2024 and has expanded into markets across Southeast Asia, Latin America, and the Middle East and Africa. Nigeria Dyna Day marks its first branded activation event on the continent.
