PalmPay is offering a 20% interest rate. How?

This snippet is culled from episode 180 of the Techpoint Africa Podcast. You can watch the full video here: • Twitter vs Meta
Music: Beach by MBB - • MBB - Beach
Find us on Twitter, Facebook, Instagram, and TikTok @TechpointAfrica

[@namzy410]

When loan companies charge up to 10% interest on loans per month!. 20% is doable, sustaining it is the problem. It's obvious it'll be reduced later. Fairmoney and credpal offer more

[@Ibe.chukwudi]

How real are their numbers as for the 20% maybe they are trading forex hope they dont end up like "terra luna"

[@beezlebob2442]

Lmao!

[@kadeaudain6991]

If it's too good to be true, don't do it. This will blow up.

[@davidakingbade2874]

This is 2024, the 20% interest is still there and they are still solvent. I think they know what they are doing.

[@codegreenie3429]

20% interest on the first 10k