FirstBank launches FirstMonie merchant solution to advance digital payments - ITREALMS

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FirstBank, the leading financial institution and provider of financial inclusion services in West Africa, has officially launched its FirstMonie Merchant Solution. This innovative platform is designed to enable merchants and businesses across Nigeria to seamlessly accept digital payments with efficiency and ease.

The FirstMonie Merchant Solution responds to the increasing need for dependable digital payment systems by offering a streamlined and automated onboarding process, an integrated referral system, and customizable features such as Pay with Transfer and Purchase.

FirstBank rolls drums for top performing FirstMonie agents nationwide - ITREALMS

ITREALMS: 

Some Firstmonie agents of the First Bank of Nigeria Limited have been celebrated for promoting access to financial services to Nigerians at the ban national award ceremony in Lagos last Friday, reports ITREALMS.

The ceremony held under the theme: “Planting Community Heroes Nationwide” saw some agents since 2017 when the bank first introduced Firstmonie, for promoting financial inclusion across the nook and cranny of the country.

With almost 40,000 agents in 99% of the 774 Local Government Areas in Nigeria, processing approximately 1 million transactions daily, First Bank of Nigeria Limited is leading the effort at supporting the Federal Government’s objectives to deepen access to financial services.

FirstBank’s Firstmonie service is providing financial/banking solutions to rural and semi-urban locations across the country, such as account opening, cash deposit, cash withdrawals, airtime purchase, bill payments, BVN enrolment and much more. Through this channel, the Bank is providing convenient services that endears trust and provides ease of access to banking products, thereby saving time and travel costs for users of our network. During the award ceremony, the bank will be recognising top performing Agents at National, Regional, and State levels.

FirstBank’s financial inclusion activities is in line with the mandate of the Central Bank of Nigeria (CBN) to ensure the availability of affordable financial products and services to all individuals and groups of people in the country; irrespective of location, literacy levels, familiarity with technology and accessibility to modern infrastructural facilities. The Firstmonie Agent channel is amongst the Bank’s many initiatives to expand financial access in the country.

“According to Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited “the unwavering efforts and remarkable contributions by our Firstmonie Agents at promoting financial inclusion in Nigeria is indeed very much appreciated. Within the past 2 years we have been able to create not only 40,000 access points, but over 150,000 indirect jobs. We remain committed to doing more, strengthening business activities, driving economic growth and development; thereby reducing poverty.”

“We would not rest on our laurels because without a doubt, every individual’s contribution to national growth and development, regardless of where they are, is indeed very important to us” he concluded.

Chuks Egbuna/DoP

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Pix: Adesola Adeduntan, Chief Executive Officer