First Bank sets record, hits 100 million e-banking transaction

AFRICA’S leading integrated payment and transaction processing company, Interswitch Transnational, has named First Bank Nigeria Plc the first financial institution in the country to achieve a transaction volume of 100 million in a month.

This feat was achieved in December 2015 and represents the total transactions processed by the bank’s Front End Processor running on the Interswitch transaction switching platform which seamlessly links all financial institutions in Nigeria to facilitate better and quicker transactions across all platforms.

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Speaking on the feat, the bank said, as Nigeria’s leading financial institution with over 10 million customers, this achievement clearly aligns with its strategic intent to promote financial inclusion, support the cashless policy drive of the Central Bank of Nigeria and boost economic growth via e-payments across Nigeria and the African continent.

According to the bank’s Group Head, e-business, ChumaEzirim, FirstBank remains committed to lead the drive to move the Nigerian economy away from traditional cash and other generic payment means to modern technological varieties in e-payment.