Tuesday, 6 May 2014

FirstBank’s ‘FirstMonie’ hits milestone

FirstMonie, a mobile payment solution from First Bank of Nigeria Limited has surpassed the 1 million customer mark on its platform. This it has achieved in less than two years of its operations in Nigeria, and in its bid to enhance service delivery for the unbanked and underbanked.
According to Folake Ani-Mumuney, head, marketing and corporate communications, FirstBank, surpassing the 1 million mark on the FirstMonie platform shows the extent the bank will go to ensure that our customers have more choices of accessing banking services from any location they find themselves.
“We are pleased by this achievement, which signifies the level of FirstMonie’s acceptance among subscribers. We believe that the tremendous growth it has recorded so far illustrates the important role it plays in providing easy access to financial services for customers on the go,” Ani-Mumuney said.
She noted that the FirstMonie platform, which was created to align with the Central Bank of Nigeria’s policy to promote a cashless economy in Nigeria, offered an excellent medium for subscribers to disburse funds efficiently and securely to their loved ones across the nation.
FirstMonie was launched in September 2012, as part of FirstBank’s innovative drive to enhance financial inclusion and reduce the rate of unbanked adults in Nigeria. The FirstMonie solution was created to provide convenient and safer banking for the underbanked and unbanked to access their bank account and transfer funds with the use of their mobile phones. This enables subscribers to send and receive money, pay bills, buy airtime, and make sundry purchases in Nigeria without owning a bank account. The transaction on the platform has no time barriers and can be carried out at any time of the day.
Source: BusinessDay

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