The ongoing 2-month promo will end on October 30, 2022, as 20 customers (10 customers per month) with the highest transaction count during the promo will be made millionaires, winning the sum of N1 million each. Also, N20,000 will be won by 25 customers each month.

On the other hand, 2620 FirstBank Verve cardholders that double their transactions every week stand a chance to enjoy 10% cashback capped at N2,000 per customer.

Speaking of the promo Chuma Ezirim, Group Executive, e-Business & Retail Products, FirstBank, said, “We appreciate our partnership with Verve Card over the years; a partnership of empowerment and opportunities that includes growing the economy, supporting new businesses, and preventing unemployment.”

FirstBank verve card holders are encouraged to keep using their cards as it is a card offering that promotes a safe, convenient, and rewarding digital banking experience with 20 customers standing a chance to be millionaires at the end of the promo.”

The Verve card is a secure debit card that allows cardholders to conveniently meet their daily financial needs such as payment for goods and services, airtime recharge, bill payments, funds transfer, etc. The Verve card is accepted across all ATMs, POS, web, and mobile platforms in Nigeria.

The promo is also opened to new verve cardholders as non-verve cardholders are encouraged to visit the nearest FirstBank branch today to pick up a Verve card and start getting rewarded!

Only recently, FirstBank-in partnership with Verve-rewarded over 2601 FirstBank Verve cardholders with various prizes, including N20,000 cash prize, N10,000 cash prize, N10,000 worth of airtime; power generating sets, refrigerators, cooking gas, smart TVs, and the grand prize of a brand-new car to a lucky winner.

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PAPSS, developed by the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables instant, low-cost payments in local currencies between African countries.

Speaking on the integration, Chuma Ezirim, the group executive, e-Business and Retail Products at FirstBank, said,

“The integration of PAPSS into the LIT app is a testament to FirstBank’s commitment to delivering innovative, customer-centric solutions that simplify and enhance financial transactions. This milestone aligns with the Bank’s strategic goal of deepening digital capabilities and expanding access to seamless cross-border payment services across Africa.”

Commenting on this collaboration, Mike Ogbalu, CEO of PAPSS said,

“Every time an individual, an SME or a Company sends money instantly within Africa in their own currency, we are not just moving funds, we are connecting ambitions, supporting livelihoods, and bridging dreams across borders. This collaboration with FirstBank and their LIT app brings us a step closer to making African borders invisible to movement of money, so that the continent’s entrepreneurs and families can focus on what matters most: building their future, not battling payment barriers.”

The LIT App, FirstBank’s innovative digital banking platform, offers a wide range of features including virtual cards, scheduled payments, and multiple transfers in one go, designed to meet the dynamic needs of customers. The addition of PAPSS expands its capabilities to support cross-border commerce, especially for individuals and SMEs engaged in pan-African business.

With PAPSS now live on the LIT App, FirstBank is breaking down barriers to payments, trade and financial inclusion across Africa. Customers can now send funds conveniently to other countries in Naira, without needing US dollar, GBP or Euro conversions.

This landmark integration enables real-time cross-border payments in local African currencies, reduces transaction costs, and improves settlement efficiency. It also expands access to digital banking services, promotes financial inclusion, supports SMEs and fosters growth under the African Continental Free Trade Area (AfCFTA).

This integration of PAPSS to the LIT app reinforces FirstBank’s leadership in digital banking innovation and supports the African Continental Free Trade Area (AfCFTA) agenda by simplifying intra-African transactions.

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