Business
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.
ALSO SEE: CBN names UBA, Zenith, others as lead players in forex market
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.
-
Latest7 days agoIsrael marks 3 years since October 7 Hamas attack amid Gaza strikes, election debate
-
Energy7 days agoFuel Battle: Dangote, marketers and government clash over petrol imports
-
Energy1 week agoPetrol, diesel prices rise 86% in 2026 as costs hit fresh highs
-
Latest2 days agoFull List: Meet the 2026 Nobel Prize winners across six categories
-
Football1 week agoNigeria’s World Cup exit under spotlight as FIFA’s DR Congo files emerge
-
Latest1 week agoUS Court set to rule on release of FBI, DEA records on Tinubu
-
Business1 week agoNigerian investors at a crossroads as fixed-income yields slide
-
Latest1 week agoOyo APC crisis deepens as Oluyole reconciliation meeting ends in brawl