First Bank, Nigeria’s leading financial institution and provider of financial inclusion services in West Africa, has launched the FirstMonie Merchant Solution, a new digital platform aimed at strengthening payment systems and driving financial inclusion across the country.
The product is designed to help merchants and businesses of all sizes seamlessly accept digital payments, offering features such as instant settlement, automated onboarding, integrated referral systems, and flexible pricing options. It also provides pre-configured POS terminals, a network dashboard for real-time monitoring, and tools for dispute resolution and complaint management.
Speaking at the launch, Chuma Ezirim, Group Executive, E-Business and Retail Products at FirstBank, said the solution would transform digital transactions in Nigeria.
“FirstMonie Merchant Solution is not just a product launch; it is about simplifying payment processes and providing merchants with greater transparency, control, and speed,” he said. “We are empowering businesses across the country to thrive in the digital economy.”
The solution also includes security features to safeguard merchant funds, addressing one of the key concerns with some fintech alternatives. Both new and existing account holders can access the service through a simple online registration at www.firstbanknigeria.com/getyourpos.
With a 131-year history and a nationwide network of more than 300,000 FirstMonie agents, FirstBank said the new product reaffirms its leadership in digital banking and its commitment to expanding access to financial services.
