NIGERIA:First Bank re-launches Firstmonie agent banking

First Bank of Nigeria Limited has re-launched her Firstmonie Agent banking    following the success of a pilot of the agent banking scheme in six highly populated states – Lagos, Oyo, Kano, Abuja FCT, Anambra, Rivers. The bank in a statement said: “Within six months of its launch, the scheme has made appreciable progress with a pervasive network spread across every State. 

“Firstmonie Agents are positioned within rural and semi-urban locations across the country to provide basic financial services such as account opening, cash deposit, cash withdrawals, airtime purchase, bill payments and much more to every Nigerian. Through this channel, the bank is committed to providing convenient services that endear trust, provide ease of access to financial products, thereby saving time and travel costs.

“The Firstmonie Agent network is succeeding in reducing the financial exclusion rate nationwide (a very critical objective of the Central Bank of Nigeria).” Commenting, Group Head, eBusiness, First Bank of Nigeria Limited, Chuma Ezirim, said:    “FirstBank, is focused on building a quality agent network in the country by deploying a robust risk framework and the right product mix to ensure viability and security of the network, aimed at deepening Financial Services access, especially in the un-served and underserved segments of our market.”

SOURCE:VANGUARD