Important Update on PaymentPoint (PalmPay) Transaction Charges – Effective February 2026

At MCDATA, we remain committed to transparency and keeping our partners informed about every important update that may affect transactions on our platform. This article provides full details regarding the recent changes in transaction charges introduced by PaymentPoint (PalmPay) and how it will be implemented on our system.

📌 What Has Changed?

PaymentPoint (PalmPay account) has officially increased its transaction charge from ₦50 to ₦100 for payments above ₦9,999.

🔔 Key Dates to Note:

1st February 2026 – PaymentPoint implemented the new charge structure

6th February 2026 – MCDATA will begin reflecting this change on our platform

This means that any PalmPay transaction of ₦10,000 and above will attract a ₦100 transaction fee going forward.

💳 Why This Update Is Happening

The adjustment was made directly by PaymentPoint as part of their operational cost review. While we always aim to keep costs as low as possible for our partners and users, some charges are determined by third-party payment providers beyond our direct control.

Our goal is to communicate these changes early and clearly so you can plan your transactions accordingly.

✅ Alternative Payment Option – Save More

To help minimize transaction fees, we strongly recommend using:

👉 9PSB Payment Channel

Transaction fee capped at ₦35 only

Works seamlessly on our platform

Ideal for both small and large transfers

For partners who process high-volume transactions, switching to 9PSB can significantly reduce overall charges.

📆 Our Implementation Timeline

Although PaymentPoint activated the increase on 1st February 2026, we deliberately delayed reflecting it on our platform until 6th February 2026 to allow our partners time to prepare and adjust.

From 6th February 2026, the new PalmPay charges will apply automatically to qualifying transactions.

🤝 Our Commitment to You

At MCDATA, we remain focused on:

✔ Fair pricing
✔ Transparency
✔ Reliable payment processing
✔ Keeping partners informed

We will always communicate any platform or payment updates clearly and in advance whenever possible.