FirstMonie merchant solution to transform Nigeria’s digital payments
FirstMonie merchant solution to transform Nigeria’s digital payments
Omobola Sadiq
FirstBank of Nigeria has officially launched its FirstMonie Merchant Solution to advance digital payments across the country.
The innovative platform, is designed to enable merchants and businesses across Nigeria to seamlessly accept digital payments with efficiency and ease. The bank has said on Thursday.
According to a statement signed by the acting group head, Marketing and Corporate Communications of the bank, Yinka Ijabiyi “the Solution will respond 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. Additional capabilities include instant settlement, concession management with flexible and competitive pricing, automatic terminal registration, and a comprehensive suite of products spanning all pricing tiers.”
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“The solution comes equipped with pre-configured, ready-to-use POS terminals, as well as a network dashboard offering real-time monitoring, dispute resolution, and complaint management. These functionalities contribute significantly to improving the merchant experience by enhancing liquidity, accuracy, and operational control while effectively minimizing chargebacks.” The statement reads.
In his remark on the launch, the Group Executive, E-Business and Retail Products at FirstBank, Chuma Ezirim said “FirstMonie Merchant Solution is set to transform digital payments in Nigeria. With its advanced features and seamless onboarding.
Chuma revealed that the bank is empowering businesses of all sizes and locations to thrive in the digital economy.”
He further emphasized that the FirstMonie Merchant Solution will enhance operational efficiency within Nigeria’s payments industry. “This is not merely a product introduction; we are simplifying payment processes and providing merchants with improved transparency, control, and speed for daily transactions. At FirstBank, our commitment remains steadfast in building financial ecosystems that offer value, convenience, and trust to all stakeholders.”
Both new and existing FirstBank account holders can access the FirstMonie Merchant Solution through a straightforward online registration at www.firstbanknigeria.com/getyourpos. He explained.
“Leveraging FirstBank’s established technological infrastructure, the FirstMonie Merchant Solution demonstrates the Bank’s dedication to fostering growth and financial inclusion by delivering scalable, reliable, and user-friendly digital solutions tailored to the evolving needs of Nigerian enterprises.
Beyond enabling seamless digital payments, the FirstMonie Merchant Wallet Solution reinforces FirstBank’s commitment to the safety and security of merchant funds, a critical assurance that many Fintech alternatives do not provide.” The statement further reads.
With a heritage spanning 131 years, FirstBank continues to drive innovation in African banking. The introduction of the FirstMonie Merchant Solution reaffirms the Bank’s leadership in digital banking and underscores its mission to broaden access to financial services nationwide. Supported by a network of over 300,000 FirstMonie agents, FirstBank maintains its position at the forefront of accessible and innovative financial solutions for individuals and businesses throughout Nigeria.
