FirstBank unveils virtual payment card

First Bank of Nigeria (FBN) Limited, the leading financial inclusion service provider in Nigeria, has launched the Virtual Payment card, a naira denominated debit card that digitally replaces the plastic debit card.

In a statement, the bank noted that, “the card is designed to be linked to either a customer’s operative account or wallet account”.

The bank said the FirstBank Virtual Payment Card is a suitable alternative to the use of cash and cheque, with its wide-range features, which include the ability of cardholders to protect his/her card using the block and unblock capabilities.

It is a safe, convenient, and easy way of making e-commerce payments amongst other functionalities and can be created via the bank’s digital channels with a N215 cost.

Deputy Managing Director of the bank, Mr Gbenga Shobo, said: “The Virtual Payment Card is also designed to guard against the spread of the COVID-19 as it does not require physical interaction between the customer and First Bank branches.

“We enjoin our customers to download the application and stay ahead in modern banking.”

First Bank also recently launched the FAST Track ATM, which it said is the first of its kind in Africa, designed to promote financial activities on the ATM without any form of physical interaction with the machine.

FirstBank of Nigeria Limited is the premier bank in West Africa and the leading financial inclusion services provider in Nigeria for over 125 years.

With over 750 business locations and over 57,000 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 15 million customers.

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 a Representative Office in Beijing.

The Bank has been handy at promoting digital payment in the country and has issued over 10million cards, the first bank to achieve such a milestone in the country. FirstBank’s cashless transaction drive extends to having more than 9million people on its USSD Quick Banking service through the nationally renowned *894# Banking code and over 3 million people on FirstMobile platform.


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