FirstBank launches platform to boost digital payments

FirstBank, one of West Africa’s leading financial institutions, has launched the FirstMonie Merchant Solution to enable merchants and businesses across Nigeria to seamlessly accept digital payments.

According to Nairametrics, the features of the solution include a streamlined onboarding process, an integrated referral system, and customisable features such as Pay with Transfer and Purchase.

“Additional capabilities include instant settlement, concession management with flexible and competitive pricing, automatic terminal registration, and a comprehensive suite of products spanning all pricing tiers.

“The solution comes equipped with pre-configured, ready-to-use POS terminals, as well as a network dashboard offering real-time monitoring, dispute resolution, and complaint management.

“These functionalities contribute significantly to improving the merchant experience by enhancing liquidity, accuracy, and operational control, while effectively minimizing chargebacks,” Naira Metrics reported.

Speaking at the launch, Chuma Ezirim, Group Executive, E-Business and Retail Products at FirstBank, described the solution as a game-changer for Nigeria’s payment ecosystem.

“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,” he said.

Ezirim added that the product is not just another offering but a step toward simplifying transactions for Nigerian businesses.

“This is not merely a product introduction; we are simplifying payment processes and providing merchants with improved 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.”

Both new and existing FirstBank account holders can access the FirstMonie Merchant Solution through a straightforward online registration at www.firstbanknigeria.com/getyourpos.