FIRSTMONIE

FirstBank introduces the Firstmonie Mobile Money Service, an innovative product that enables customers to access financial and other value added services through their mobile phones. This caters to the high percentage population of unbanked population across the country. According to Mr Bisi Onasanya, Group Managing Director, FirstBank, “with the inauguration of this service, the stage is now set for the bank’s customers and anyone in Nigeria with a mobile phone to enjoy financial servi... ces, using their mobile phones to send money, pay bills, top up their phone airtime, do shopping, deposit and withdraw cash, without the need to visit a bank branch.” He added that Firstmonie services were created with three principles in mind. “The first is defined by how consumers receive money to fund their unique lifestyles; how consumers spend money for their unique lifestyle needs; and thirdly, the ability of the consumer to be informed and in control of their money,” The service is available on all major the network telecommunications operators including MTN Nigeria, Etisalat and Globacom. FirstBank will also leverage on the fund transfer capability of the mobile telephony to offer world class services, noting that mobile phone has the capability to store monetary information and like other channels of e-banking, is closer and always with the customer.More