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FirstBank hits ₦1trillion transactions on Firstmonie

FirstBank hits ₦1trillion transactions on Firstmonie

First Bank of Nigeria Limited says its Firstmonie network has processed transactions totalling ₦1trillion from its relaunch in January 2018.

The network also achieved nationwide coverage in record time, enabling access to financial services for many locations that never had a way for its residents to access financial services, Dr. Adesola Adeduntan, the Chief Executive Officer, First Bank of Nigeria Limited, announced in a statement made available to Technology Times.

FirstBank hits ₦1trillion transactions on Firstmonie
Technology Times file photo shows Dr Adesola Adeduntan, CEO of First Bank speaking at an event

First Bank says Firstmonie was introduced in line with the Central Bank of Nigeria (CBN)’s objective of bringing banking services close to all Nigerians, irrespective of where they live.

“The Firstmonie scheme is supporting the Federal Government’s empowerment and job creation agenda as over 22,000 Nigerians, through this scheme, contribute to the increased economic activities of their neighborhoods. Our partner network is growing and we are particularly delighted about the progress we are making in actively driving nationwide Financial Inclusion, exposing communities to opportunities for growth, jobs, empowerment, and improved live conditions. Yet again, we are delighted to score another first in promoting financial inclusion in the country”, Adeduntan says.

According to him, FirstBank’s Firstmonie service provides financial/banking solutions to rural and semi-urban locations across the country, such as account opening, cash deposit, cash withdrawals, airtime purchase, bill payments and much more.

“Through this channel, the Bank is committed to providing convenient services that endears trust and provides ease of access to banking products, thereby saving time and travel costs for users of our network”, he adds.

“We appreciate our partner network and remain committed to working together to achieve even greater impact on the lives of Nigerians”, the First Bank CEO says.

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