First Bank of Nigeria Limited (FirstBank), West
Africa’s premier financial institution and leading financial inclusion services
provider, has launched the FirstMonie Merchant Solution, an innovative
platform designed to help businesses across Nigeria seamlessly accept digital
payments.
The solution comes at a time of rising demand for
dependable and secure digital payment systems. It offers a streamlined
onboarding process, an integrated referral system, and features such
as Pay with Transfer and Purchase options. Merchants also benefit
from instant settlement, concession management with flexible pricing,
automatic terminal registration, and access to pre-configured POS
terminals. A real-time monitoring dashboard enhances operational
control by providing dispute resolution and complaint management.
Speaking on the launch, Chuma Ezirim, Group
Executive, E-Business and Retail Products at FirstBank, said:
“FirstMonie Merchant Solution is set to transform
digital payments in Nigeria. With advanced features and seamless onboarding, we
are empowering businesses of all sizes and locations to thrive in the digital
economy.”
He emphasized that the platform is not just another
product launch but a strategic move to simplify payment processes,
strengthen transaction transparency, and enhance merchant liquidity.
Both new and existing FirstBank customers can access
the solution via online registration at www.firstbanknigeria.com/getyourpos.
Backed by FirstBank’s extensive digital infrastructure
and a network of over 300,000 FirstMonie agents nationwide, the Merchant
Solution reinforces the Bank’s commitment to financial inclusion,
innovation, and security—offering merchants safer alternatives compared to
many fintech platforms.
With a heritage spanning 131 years, FirstBank
remains at the forefront of banking innovation in Africa, combining its legacy
of trust with a drive to expand access to digital financial services across
Nigeria and beyond.
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