FirstBank launches Mvisa

FirstBank Launches MVisa

By Ada Anioji

First Bank of Nigeria Limited has partnered with Visa to launch the Mobile Payments Solution – mVisa. This mobile solution 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 said the introduction is in line with its desire to continue to put customers first by leading the industry in the use of technology to provide convenient and fast banking solutions. Partnering with Visa to deliver mVisa is part of the FirstBank’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, Andrew Torre, President for Visa Sub-Saharan Africa 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. Existing 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.

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier and most valuable banking brand, and largest financial services institution by total assets and gross earnings. With more than 12 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimized risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row – 2011, 2012, 2013, 2014, 2015, 2016 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. Recently, for the sixth consecutive time, the Bank clinched the “Best Retail Bank in Nigeria” award by The Asian Banker.

On its part, Visa Inc.  is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants.