Posted by: James Okwise Category: Banking, Guides Comments: 0

How Much Can PalmPay Receive Without BVN in 2023

PalmPay has become a popular payment platform in recent years in Nigeria, and it is only becoming more popular. Many wonder how much money they can receive through PalmPay without adding their BVN to their Palmpay account in 2023. 

This article will explain the various options and regulations that apply, as well as any fees associated with receiving payments without a BVN.

How to Open a PalmPay Account

Opening a PalmPay account is a straightforward process that allows you to start using this popular payment platform quickly and easily. To begin, there are best ways to do that, which are:

1. Using an Android device  

Below is what you need to do to use Palmpay on your Android device:

  • On your Android phone, first of all, download the Palmpay app from the play store
  • Once you’ve signed up, there are four choices you can see just below the screen.
  • Tap on it, then hit the sign-up button.
  • Then add your phone number. Once you’ve added your phone number, your phone number will receive a verification text message, then your phone number can be made your account number.
  • Then Type in your legal first name, optional middle name, last name, birth date, gender, and invitation code (optional) to create an account.
  • Once you’re done with that, click the sign-up button. Then select a 4-digit PIN.,
  • Once you’ve filled out all the details above, you’ll get ₦110.

After doing what was listed above, you will have successfully creed a Palmpay account on your Android device. Then, you can fill in your KYC by adding a BVN, National Identification Number, and any required documents verifying you as an individual. This would increase your transaction limit.

2. Using an ios device

To open a PalmPay account on your iOS device, head to the Apple store and search for “PalmPay.” Download and install the app, then launch it to get started. Look for the “Me” option at the bottom of the screen and tap on it. 

Next, click the sign-up button and provide your phone number for verification purposes. Enter your legal first name, optional middle name, last name, birth date, and gender to complete the sign-up process. Once you’ve successfully signed up, you’ll receive a bonus of ₦110. Don’t forget to complete your KYC by submitting your BVN, NIN, and any other necessary documents.

How Much Can PalmPay Receive Without a BVN?

Without BVN, your PalmPay account cannot hold more than ₦300,000. If you allow more than ₦300,000 in your PalmPay account, it will be blocked, denying you access to it unless you link your BVN. So, if you don’t want to link your BVN to your PalmPay, stick to a maximum of ₦300,000. Don’t worry; you can still enjoy the convenience of PalmPay even without linking your BVN.


PalmPay is a popular payment platform that offers convenience and flexibility for users. While the regulations surrounding receiving payments without a Bank Verification Number (BVN) in 2023 are uncertain, PalmPay is continuously working towards providing more options and flexibility. 

However, linking your PalmPay account to your BVN comes with several benefits, including enhanced security, seamless integration with your bank account, and access to additional features and rewards. 

So, whether you have a BVN or not, PalmPay remains a valuable tool for managing your finances and making payments. Stay tuned for updates and take advantage of the features and benefits PalmPay offers.

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