FirstBank Launches FirstMonie Merchant Solution To Power Seamless Digital Payments Nationwide

Newsbeat Editor September 4, 2025

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FirstBank, West Africa’s leading financial institution and pioneer in financial inclusion services, has officially launched the FirstMonie Merchant Solution—a cutting-edge platform designed to enable merchants and businesses across Nigeria to seamlessly accept digital payments with greater efficiency and ease.

Responding to the growing demand for reliable digital payment systems, the FirstMonie Merchant Solution offers a streamlined and automated onboarding process, an integrated referral system, and customizable features such as Pay with Transfer and Purchase. It also provides instant settlement, concession management with flexible pricing, automatic terminal registration, and a comprehensive suite of products across all pricing tiers.

The platform comes with pre-configured, ready-to-use POS terminals and a network dashboard offering real-time monitoring, dispute resolution, and complaint management. These features are designed to enhance liquidity, accuracy, and operational control, while minimizing chargebacks and improving the overall merchant experience.

Speaking on the launch, Chuma Ezirim, Group Executive, E-Business and Retail Products at FirstBank, said: “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.”

Ezirim added that the solution will significantly improve operational efficiency within Nigeria’s payment ecosystem: “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.”

Both new and existing FirstBank account holders can access the FirstMonie Merchant Solution through a simple online registration at www.firstbanknigeria.com/getyourpos.

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Leveraging FirstBank’s robust technological infrastructure, the solution underscores the Bank’s dedication to fostering growth and financial inclusion by delivering scalable, secure and user-friendly digital services tailored to the evolving needs of Nigerian enterprises.

Beyond facilitating seamless digital payments, the FirstMonie Merchant Wallet Solution also reinforces FirstBank’s commitment to the safety and security of merchant funds—an assurance many fintech alternatives do not provide.

With a heritage spanning 131 years, FirstBank continues to drive innovation in African banking. The introduction of the FirstMonie Merchant Solution reaffirms the Bank’s leadership in digital banking and its mission to broaden access to financial services nationwide. Supported by a network of over 300,000 FirstMonie agents, FirstBank remains at the forefront of accessible and innovative financial solutions for individuals and businesses across Nigeria.