FirstBank Launches Mobile Payment Solution

By InstinctBusiness Jul 31, 20170

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. The bank said users of the Firstmobile application can update their banking app from Google Play store, Blackberry World and Apple store to enable them access this service while FirstBank account holders who do not have the Firstmobile app yet can simply download the app and begin to enjoy this service instantly.