FirstBank, West Africa’s premier financial institution and a trailblazer in financial inclusion, has launched the FirstMonie Merchant Solution, a cutting-edge platform designed to simplify and expand digital payment acceptance for merchants and businesses across Nigeria.
The solution is built to address the growing demand for reliable digital payment systems by offering merchants a seamless onboarding process, automated referrals, and flexible features such as Pay with Transfer and Pay for Purchase. It also comes with instant settlement, concession management with competitive pricing, and automatic terminal registration.
Merchants will benefit from pre-configured POS terminals, real-time monitoring via a network dashboard, and support tools for dispute resolution and complaint management.
These features collectively enhance liquidity, transparency, and operational efficiency while reducing chargebacks.
Speaking on the launch, Chuma Ezirim, Group Executive, E-Business and Retail Products at FirstBank, said:
“FirstMonie Merchant Solution is set to transform digital payments in Nigeria. By combining advanced features with a frictionless onboarding experience, we are empowering businesses of all sizes to thrive in today’s digital economy.”
He added that the initiative goes beyond introducing a new product:
“We are simplifying payment processes, giving merchants better control, speed, and transparency in their daily operations. At FirstBank, our mission is to create financial ecosystems that deliver value, convenience, and trust.”
Both new and existing FirstBank customers can easily register for the FirstMonie Merchant Solution online via the link here.
With the security of merchant funds guaranteed under FirstBank’s trusted infrastructure, the FirstMonie Merchant Solution stands apart from many alternatives in the fintech space.
Backed by over 131 years of heritage and a nationwide network of more than 300,000 FirstMonie agents, FirstBank continues to shape the future of digital banking in Africa.
The launch of the FirstMonie Merchant Solution underscores the Bank’s leadership in innovation, its drive for financial inclusion, and its commitment to supporting Nigerian enterprises with scalable, secure, and user-friendly payment solutions.
