FirstBank has launched its FirstMonie Merchant Solution to strengthen digital payments across Nigeria, positioning itself at the forefront of financial inclusion and digital banking innovation.

The new platform enables merchants and businesses to seamlessly accept digital payments while offering features designed to improve efficiency and trust. It provides streamlined onboarding, an integrated referral system, and customisable options such as Pay with Transfer and Purchase. Merchants will also benefit from instant settlement, concession management with competitive pricing, automatic terminal registration, and access to a suite of products across all pricing tiers.

The solution comes with pre-configured, ready-to-use POS terminals and a network dashboard that allows real-time monitoring, dispute resolution, and complaint management. FirstBank explained that these tools will enhance liquidity, improve accuracy, and give merchants greater operational control, while reducing chargebacks.

Chuma Ezirim, Group Executive, E-Business and Retail Products at FirstBank, described the launch as a transformative step for Nigeria’s digital economy.

“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,” Ezirim said.

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He added that the product goes beyond a typical banking service by improving transparency, control, and speed of daily transactions. “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 customers can access the solution by registering online at www.firstbanknigeria.com/getyourpos.

The bank said the platform leverages its established technological infrastructure to deliver scalable, reliable, and user-friendly solutions tailored to the evolving needs of Nigerian enterprises. It also underscored its commitment to fund safety, stressing that the FirstMonie Merchant Wallet Solution guarantees security of merchant funds, a critical concern for businesses often left exposed by alternative fintech options.

With 131 years of history, FirstBank remains one of Africa’s leading banks. It operates more than 820 branches, a network of over 280,000 agents across 772 of Nigeria’s 774 local government areas, and serves more than 43 million customer accounts across Africa, the UK, and Asia. The bank has consistently driven financial inclusion and digital transformation, issuing more than 13 million bank cards and recording over 25 million active users on its digital platforms, including the popular *894# USSD banking service.

FirstBank said the launch of the FirstMonie Merchant Solution reaffirms its leadership role in the digital payments space and strengthens its mission of “providing the best financial services possible” to individuals and businesses nationwide.