By Ayomide Otitoju
FirstBank of Nigeria has unveiled its FirstMonie Merchant Solution, a digital platform designed to enable businesses across the country to seamlessly accept and process electronic payments.
The solution introduces a range of features aimed at enhancing efficiency for merchants, including instant settlement, automated onboarding, an integrated referral system, and flexible concession management. It also offers pre-configured POS terminals, a real-time network dashboard for monitoring transactions, and tools for dispute resolution and complaint management.
According to Chuma Ezirim, Group Executive, E-Business and Retail Products at FirstBank, the initiative is positioned to redefine the digital payments landscape in Nigeria.
“FirstMonie Merchant Solution is set to transform digital payments in Nigeria. With its advanced features and seamless onboarding, we are empowering businesses of all sizes and locations to thrive in the digital economy,” Ezirim said.
He added that the product will simplify payment processes and improve 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,” he noted.
Both new and existing FirstBank customers can register online to access the service via www.firstbanknigeria.com/getyourpos.
With its focus on scalability, reliability, and security, the FirstMonie Merchant Solution reinforces FirstBank’s long-standing commitment to financial inclusion. The bank, which has a history spanning 131 years, continues to strengthen its digital banking capabilities through a network of over 300,000 FirstMonie agents nationwide.
