FirstBank is doing interesting things in the digital payment space. The Tier-1 bank has unveiled card-less Point of Sale (PoS) platform to meet and even exceed customers’ expectation. The move has excited several e-payment users who see the bank’s move as a giant step in deepening e-payment market.
In an emailed note to customers, the FirstBank said: “These are interesting times and we have upgraded our PoS terminals to accept cardless payments.
How? See steps below:
- Cashier selects ‘Pay with USSD/CGATE’ on PoS machine and enters the amount to be paid
- A 4-digit Reference Code is generated and displayed on the PoS terminal.
- You dial *894*000*ReferenceCode# on your phone to make payment and authenticate transaction with your USSD transaction PIN.
- Transaction is approved; you get debited and the merchant gets credited instantly.
What’s more?
Other banks’ customers can dial *Their Bank USSD Code*000* Reference Code# to make cardless payments with FirstBank PoS. “Stay safe! Ask for FirstBank PoS today and make cardless payments,” the bank said.
FirstBank is not new in taking the lead in e-payment space. For First Bank of Nigeria Limited, achieving these milestones did not come by chance. It took several decades of investment in the right technology, product and quality leadership.
As the oldest financial institution in the country, founded in 1894, FirstBank has thousands of Automated Teller Machines (ATMs), launched the first cash deposit ATM in Nigeria in 2011. Also, the bank’s alternative channels were the first to launch WhatsApp banking, among other milestones.
First Bank of Nigeria is one of the financial institutions which have taken steps to deepen financial inclusion by deploying technology in its operations by way of Agent Banking Network. FirstBank has expressed its commitment to continue to drive financial inclusion through its First-monie Agent Network in 99 per cent of the 774 local government areas.
The Firstmonie service provides financial/banking solutions to rural and semi-urban locations across the country. Such solutions include account opening, cash deposit, cash withdrawals, airtime purchase, and bill payments. Through this channel, the bank is committed to providing convenient services that engender and provides ease of access to banking products, thereby saving time and travel costs for users of the network.
Speaking at one of the Firstmonie Agent Banking National Awards in Lagos, FirstBank’s Chief Executive Officer, Adesola Adeduntan said: “The initiative has witnessed several changes in the operating structure and value proposition of FirstBank
In December 2017, the bank ran a pilot test with over 400,000 transactions processed and following the success of the first run, it re-launched in 2018.”
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