Cashless Nigeria: FirstBank offers e-solutions
With its application for e-banking, First Bank of Nigeria Plc is retooling to be among the leading players driving the cash-lite initiative of the Central Bank of Nigeria, (CBN) through its alternative channels including FirstCards, FirstMobile and FirstOnline.The bank’s e-payment solutions is in line with the benefits highlighted by the apex bank as its virtual banking products continue to drive the cash-lite transactions for its customers nation wide.
The e-payment solutions of the bank , according to FirtsBank’s Group Head, e- Business, Mr. Chuma Ezirim were designed to serve customers seamlessly in sync with international best practices. Ezirim stressed that transactions via ATMs,PoS terminals,mobile phones and the Internet among others are supported by FirstBank’s reliable,secure and fast alternative channels.
The card solutions include the FirstBank Visa debit card which is a dual currency chip & PIN payment card that can be linked to both naira and dollar account. The card which is easy and portable access to funds is an international debit card accepted at over 29 million locations and for cash withdrawals at over 1.8 million ATMs in over 200 countries worldwide; wherever the Visa logo is displayed.
Another card solution, according to Ezirim, is FirstBank MasterCard which is a dollar denominated credit card recognized and accepted wherever the MasterCard logo is displayed worldwide. He assured that the solution is a safe and convenient credit card that is ideal for every day purchases on all available channels.
Another card based solutions introduced by First Bank to fully support the cashless policy of the apex bank is the FirstBank Classic Card which gives cardholder online realtime access to your funds through an ATM for cash withdrawal, balance enquiry, funds transfer, payment of bills etc. or through a Point of Sale Terminal (POS), to make payments for goods and services. It is a debit card linked to your current card and/or savings account.
Similarly, Ezirim disclosed that Naira MasterCard is another product that has state-of-art technology equipment to support the CBN cash-lite policy.He said that the product is an internationally accepted debit card issued in partnership with MasterCard Worldwide.The card, according to him allows a customer 24 hour access to his/her current or savings account within and outside Nigeria.
