FIRSTBANK LAUNCHES FIRSTMONIE MERCHANT SOLUTION TO ADVANCE DIGITAL PAYMENTS ACROSS NIGERIA

FirstBank, the main monetary establishment and supplier of economic inclusion companies in West Africa, has formally launched its FirstMonie Service provider Answer. This revolutionary platform is designed to allow retailers and companies throughout Nigeria to seamlessly settle for digital funds with effectivity and ease.

The FirstMonie Service provider Answer responds to the growing want for reliable digital cost techniques by providing a streamlined and automatic onboarding course of, an built-in referral system, and customizable options corresponding to Pay with Switch and Buy. Further capabilities embody on the spot settlement, concession administration with versatile and aggressive pricing, computerized terminal registration, and a complete suite of merchandise spanning all pricing tiers. The answer comes outfitted with pre-configured, ready-to-use POS terminals, in addition to a community dashboard providing real-time monitoring, dispute decision, and criticism administration. These functionalities contribute considerably to enhancing the service provider expertise by enhancing liquidity, accuracy, and operational management, whereas successfully minimizing chargebacks.

Chuma Ezirim, Group Govt, E-Enterprise and Retail Merchandise at FirstBank, remarked on the launch: “FirstMonie Service provider Answer is about to rework digital funds in Nigeria. With its superior options and seamless onboarding, we’re empowering companies of all sizes and areas to thrive within the digital financial system.”

He additional emphasised that the FirstMonie Service provider Answer will improve operational effectivity inside Nigeria’s funds trade. “This isn’t merely a product introduction; we’re simplifying cost processes and offering retailers with improved transparency, management, and pace for day by day transactions. At FirstBank, our dedication stays steadfast in constructing monetary ecosystems that supply worth, comfort, and belief to all stakeholders.”

Each new and present FirstBank account holders can entry the FirstMonie Service provider Answer via an easy on-line registration at www.firstbanknigeria.com/getyourpos.

Leveraging FirstBank’s established technological infrastructure, the FirstMonie Service provider Answer demonstrates the Financial institution’s dedication to fostering development and monetary inclusion by delivering scalable, dependable, and user-friendly digital options tailor-made to the evolving wants of Nigerian enterprises.

Past enabling seamless digital funds, the FirstMonie Service provider Pockets Answer reinforces FirstBank’s dedication to the security and safety of service provider funds, a vital assurance that many Fintech options don’t present.

With a heritage spanning 131 years, FirstBank continues to drive innovation in African banking. The introduction of the FirstMonie Service provider Answer reaffirms the Financial institution’s management in digital banking and underscores its mission to broaden entry to monetary companies nationwide. Supported by a community of over 300,000 FirstMonie brokers, FirstBank maintains its place on the forefront of accessible and revolutionary monetary options for people and companies all through Nigeria.

About FirstBank

First Bank of Nigeria Restricted “FirstBank”, established in 1894, is the premier financial institution in West Africa, a number one monetary inclusion companies supplier in Africa, and a digital banking big.

FirstBank’s worldwide footprints minimize throughout three continents ─ Africa, Europe and Asia, with FirstBank UK Restricted in London and Paris; FirstBank in The Democratic Republic of Congo, Ghana, The Gambia, Guinea and Sierra Leone; FBNBank in Senegal; and a FirstBank Consultant Workplace in Beijing, China. All of the subsidiary banks are absolutely registered by their respective Central Banks to supply full banking companies.

Apart from offering home banking companies, the subsidiaries additionally have interaction in worldwide cross-border transactions with FirstBank’s non-Nigerian subsidiaries, and the consultant workplaces in Paris and China facilitate commerce flows from Asia and Europe into Nigeria and different African nations.

For over 13 a long time, FirstBank has constructed an impressive repute for strong relationships, good company governance, and a powerful liquidity place, and has been on the forefront of selling digital cost within the nation with over 13 million playing cards issued to clients (the primary financial institution to realize such a milestone in Nigeria). FirstBank has continued to make vital investments in expertise, innovation and transformation, and its cashless transaction drive has been steadily accentuated with just about over 25 million energetic FirstBank clients signed up on digital channels together with the USSD Fast Banking service via the nationally famend *894# Banking code.

With over 43 million buyer accounts (together with digital wallets) unfold throughout Nigeria, UK and sub-Saharan Africa, the Financial institution supplies a complete vary of retail and wholesale monetary companies via greater than 820 enterprise workplaces and over 280,000 agent areas unfold throughout 772 out of the 774 Native Authorities Areas in Nigeria.

Along with banking options and companies, FirstBank supplies pension fund custody companies in Nigeria via First Pension Custodian Nigeria Restricted and nominee and related companies via First Nominees Nigeria Restricted.

FirstBank’s dedication to Variety is proven in its insurance policies, partnerships and initiatives corresponding to its staff’ ratio of feminine to male (about 41%:59%; and 37% girls in administration roles) in addition to the FirstBank Ladies Community, an initiative that seeks to deal with the gender hole and improve the participation of girls in any respect ranges inside the group.  As well as, the Financial institution’s membership of the UN Ladies is an affirmation of a deliberate coverage that’s in line with UN Ladies’s Ladies Empowerment’s Rules (WEPs) ─ Equal Alternative, Inclusion, and Nondiscrimination.

For six consecutive years (2011 – 2016), FirstBank was named “Most Invaluable Financial institution Model in Nigeria” by the globally famend The Banker Journal of the Monetary Occasions Group and “Greatest Retail Financial institution in Nigeria” eight occasions in a row, 2011 – 2018, by the Asian Banker Worldwide Excellence in Retail Monetary Providers Awards.

Considerably, FirstBank’s International Credit score Ranking was A+ with a optimistic outlook whereas rankings by Fitch and Commonplace & Poor’s have been A (nga) and ngBBB+ respectively each with Steady outlooks as at September 2023. FirstBank maintained the identical degree of worldwide credit score rankings because the sovereign; a milestone that was achieved in 2022 for the primary time since 2015.

In 2024, FirstBank obtained notable worldwide awards and accolades. A few of these embody Nigeria’s Greatest Financial institution for ESG 2024 and Nigeria’s Greatest Financial institution for Corporates 2024 each awarded by Euromoney Awards for Excellence; Greatest SME Financial institution in Africa and in Nigeria by The Asian Banker International Awards; Greatest Non-public Financial institution in Nigeria and Greatest Non-public Financial institution for Sustainable Investing in Africa by International Finance Awards; Greatest Company Financial institution in Nigeria 2024, Greatest CSR Financial institution in Nigeria 2024, Greatest Retail Financial institution in Nigeria 2024, Greatest SME Financial institution in Nigeria 2024 and Greatest Non-public Financial institution in Nigeria 2024 all awarded by the International Banking and Finance Awards.

FirstBank has continued to realize vast acclaim on the worldwide stage with a number of worldwide awards and recognitions obtained to this point in 2025 which incorporates Greatest SME Financial institution in Nigeria 2025 and Greatest SME Financial institution in Africa 2025 by The Asian Banker; Greatest Non-public Financial institution in Nigeria 2025 and Greatest Non-public Financial institution for Sustainable Investing in Africa 2025 by International Finance Awards; SME Financier of the Yr in Nigeria 2025 by The Digital Banker International SME Banking Innovation Awards; Greatest Retail Financial institution in Nigeria 2025 and Greatest Financial institution for Empowering Ladies Entrepreneurs in Nigeria 2025 all by The Annual International Economics Awards.

Our imaginative and prescient is “To be Africa’s Financial institution of first alternative” and our mission is “To stay true to our title by offering the very best monetary companies attainable”. This dedication is anchored on our core values of EPIC – Entrepreneurship, Professionalism, Innovation and Buyer-Centricity. Our strategic ambition is “To ship accelerated development in profitability via customer-led innovation and disciplined execution.”