FirstBank launches FirstMonie merchant solution to revolutionise digital payments

FirstBank, a leading financial institution and pioneer in financial inclusion services across West Africa, has launched its FirstMonie Merchant Solution, a comprehensive platform designed to help merchants and businesses in Nigeria seamlessly process digital payments.

The solution addresses the growing demand for reliable and efficient payment systems by introducing a streamlined onboarding process, a built-in referral system, and customisable features such as Pay with Transfer and Purchase.

Among its capabilities are instant settlement, concession management with flexible and competitive pricing, automatic terminal registration, and a full range of products for businesses of all sizes. The platform also includes pre-configured POS terminals ready for immediate use, as well as a network dashboard for real-time monitoring, dispute resolution, and complaint management.

These features are aimed at improving liquidity, operational control, and transaction accuracy, while also reducing chargeback issues and enhancing the overall merchant experience.

Speaking on the launch, Chuma Ezirim, Group Executive of E-Business and Retail Products at FirstBank, said the solution is a major step forward 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 stated.

He added that the platform is not just another product offering but a transformative tool for merchants: “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 existing and prospective FirstBank customers can register for the FirstMonie Merchant Solution through a simple online process at www.firstbanknigeria.com/getyourpos
.

Leveraging the bank’s established technological infrastructure, the solution reinforces FirstBank’s dedication to growth, innovation, and financial inclusion. It offers a scalable and secure platform tailored to the needs of Nigerian enterprises, providing a level of security that many Fintech alternatives cannot guarantee.

With a legacy spanning 131 years, FirstBank continues to lead in digital banking innovation. The introduction of the FirstMonie Merchant Solution underscores its mission to expand access to financial services nationwide. Backed by a network of more than 300,000 FirstMonie agents, the bank remains at the forefront of providing cutting-edge financial solutions for individuals and businesses across Nigeria.