FirstBank unveils merchant solution to boost digital payments in Nigeria

FirstBank has officially launched its FirstMonie Merchant Solution to enhance digital payments across Nigeria.

FirstBank said the innovative platform is designed to enable merchants and businesses across Nigeria to seamlessly accept digital payments with efficiency and ease.

According to the bank, the FirstMonie Merchant Solution responds to the increasing need for dependable digital payment systems by offering a streamlined and automated onboarding process, an integrated referral system, and customizable features such as Pay with Transfer and Purchase.

Additional capabilities include instant settlement, concession management with flexible and competitive pricing, automatic terminal registration, and a comprehensive suite of products spanning all pricing tiers.

The solution comes equipped with pre-configured, ready-to-use POS terminals, as well as a network dashboard offering real-time monitoring, dispute resolution, and complaint management.

FirstBank added that these functionalities contribute significantly to improving the merchant experience by enhancing liquidity, accuracy, and operational control, while effectively minimising chargebacks.

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“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,” the Group Executive, E-Business and Retail Products at FirstBank, Chuma Ezirim, said in a statement issued on Friday, September 5, 2025.

Ezirim further emphasised that the FirstMonie Merchant Solution will enhance operational efficiency within Nigeria’s payments industry.

He added: “This is not merely a product introduction; 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.”

The bank, therefore, noted that both new and existing FirstBank account holders can access the FirstMonie Merchant Solution through a straightforward online registration at www.firstbanknigeria.com/getyourpos.

The Star