FirstBank Launches Mo­bile Pay­ment So­lu­tion

THISDAY - - BUSINESS/ MONEY GUIDE -

First Bank of Nige­ria Lim­ited has part­nered Visa to launch a mo­bile pay­ment so­lu­tion – mVisa. This mo­bile so­lu­tion, ac­cord­ing to the bank, al­lows cus­tomers pay for goods and ser­vices by scan­ning a QR code us­ing a smart phone via the FirstMo­bile App.

Pay­ment goes straight from the con­sumer’s FirstBank ac­count into the mer­chant’s ac­count and pro­vides real-time no­ti­fi­ca­tion to both par­ties.

mVisa is avail­able on the FirstBank’s mo­bile bank­ing ap­pli­ca­tion - FirstMo­bile - and it adds to the seam­less mul­ti­ple pay­ment chan­nels FirstBank cus­tomers en­joy. Cus­tomers with the FirstMo­bile app can make pay­ments from their FirstBank ac­counts at mer­chants’ lo­ca­tions where mVisa logo is dis­played.

In a state­ment by the Group Head, E-Busi­ness, First Bank of Nige­ria Lim­ited, Chuma Ezirim, the bank would con­tinue to put cus­tomers first by lead­ing the in­dus­try in the use of tech­nol­ogy to pro­vide convenient and fast bank­ing so­lu­tions.

It said part­ner­ing with Visa to de­liver the prod­uct was part of the bank’s strat­egy to de­liver re­li­able, se­cure and convenient pay­ment op­tions to its es­teemed cus­tomers.

“It fur­ther pro­motes our dig­i­tal ap­proach by de­liv­er­ing omni-chan­nel ex­pe­ri­ence to all our cus­tomers, while en­hanc­ing our ex­ist­ing of­fer­ings,” he re­it­er­ated.

Speak­ing at the launch of mVisa, Pres­i­dent for Visa Sub-Sa­ha­ran Africa, An­drew Torre said: “We are thrilled to have FirstBank as one of our key part­ners in bring­ing mVisa to Nige­ria. Con­sumers and mer­chants will ex­pe­ri­ence the speed, con­ve­nience and se­cu­rity that mVisa brings when mak­ing ev­ery­day purchases.

mVisa is a pay­ment so­lu­tion fully in­te­grated into the Firstmo­bile app to sup­port busi­ness trans­ac­tions and life­styles of FirstBank cus­tomers.

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