Subscriptions to First-Monie, the mobile payment solution of First Bank of Nigeria Limited has crossed the one million customer mark.
A statement by the bank said the feat is coming less than two years of its operations in the country, adding that the product is aimed at enhancing service delivery for the unbanked and under-banked within the population.
Head, Marketing and Corporate Communications, Folake Ani-Mumuney, said surpassing the one-million mark on the FirstMonie platform, shows the extent the bank will go to ensure that our customers have more choices of accessing banking services from any location they find themselves.
“We are pleased by this achievement, which signifies the level of Firstmonie’s acceptance amongst subscribers. We believe that the tremendous growth it has recorded so far illustrates the important role it plays in providing easy access to financial services for customers on the go,” she said.
She noted that the Firstmonie platform which was created to align with the Central Bank of Nigeria’s policy to promote a cashless or cash-less economy in Nigeria offers an excellent medium for subscribers to disburse funds efficiently and securely to their loved ones across the nation.
FirstMonie was launched in September 2012 as part of the lender’s innovative drive to enhance financial inclusion and reduce the rate of unbanked adults in Nigeria. The solution was created to provide convenient and safer banking for the under-banked and unbanked to access their bank account and transfer funds with the use of their mobile phones.
This enables subscribers to send and receive money, pay bills, buy airtime and make sundry purchases in Nigeria without owning a bank account. The transaction on the platform has no time barriers and can be carried out at any time of the day.
The platform also supports wealth creation by providing opportunities for thousands of entrepreneurs across the nation and has been involved in several notable initiatives worthy of note are The Bill & Melinda Gates Foundation Grant, The UNICEF Fund Disbursement Scheme among others.
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