First Bank, Visa Introduce New Payment Solution

mastercard biometric payment card fingerprintThe head of brand at Pick n Pay, Michelle van Schalkwyk uses her fingerprint to pay during testing
  • First Bank, Visa Introduce New Payment Solution

First Bank of Nigeria Limited in partnership with Visa has introduced the Mobile Payments Solution – mVisa.

According to a statement by the bank, the mobile solution allows customers pay for goods and services by scanning a QR code using the FirstMobile App on their smartphones.

Payment goes straight from the consumer’s First Bank account into the merchant’s account and provides real-time notification to both parties.

The statement read in part, “The launch of mVisa adds to the seamless multiple payment channels First Bank customers enjoy and customers with the FirstMobile app can now make payments from their First Bank accounts at merchants’ locations where mVisa logo is displayed.

According to the Group Head, E-Business, First Bank, Chuma Ezirim, the bank will continue to put customers first by leading the industry in the use of technology to provide convenient and fast banking solutions.

“mVisa further promotes our digital approach by delivering omni-channel experience to all our customers, while enhancing our existing offerings”, he reiterated.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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