First Bank Partners NIBSS to Promote Digital Payment Convenience Business Post Contributor

Nigeria’s top first-generation financial institution, First Bank of Nigeria Limited, has announced its partnership with the Nigeria Inter-Bank Settlement System (NIBSS) on its recently launched Nigeria Quick Response (NQR) Payment Solution, in a bid to improve customer digital payment experience. This was revealed by the Chief Executive Officer (CEO) of First Bank, Mr Adesola Adeduntan, who noted that the NQR is an innovative payment option implemented for all financial service providers. “We are delighted with the adoption of the Nigeria Quick Response (NQR) payment solution, an initiative by Nigeria Interbank Settlement System plc (NIBSS) which has been instrumental to easing and promoting payment convenience with the use of mobile phones,” the CEO expressed. As stated by Mr Adeduntan, the NQR is designed to promote quick and fast transactions by scanning the code on one’s mobile device. He noted that the NQR is set to promote the vision of the bank, embracing technology to deliver quality and satisfactory services. “At First Bank, we recognise the indelible role technology plays in promoting businesses across diverse frontiers and we remain committed to reinventing our technology infrastructure to meet global standards whilst being committed to staying true to our mantra in always putting You, our customers First,” he stated. This new initiative reduces costs for merchants and banks in delivering instant value for a person to business (P2B) and person to person (P2P) transactions by simply scanning to pay. Unlike other QR schemes, the NQR is implemented with reduced charges that are cheaper for merchants. The initiative is accessible on the bank’s payment infrastructure as the NQR code can be used to make payments through one’s FirstMobile App and it is also available for the merchant in facilitating their business activities. The touchpoint and use cases of the NQR payment solution include convenience stores, supermarkets, shopping malls, pharmacies, ride-hailing or taxi payments, bus fares, tolling booths payments, vending machines, e-commerce sites, online businesses amongst many others. To access the service, customers are expected to launch the FirstMobile App and select QR payment. Afterwards, NIBSS can be chosen as a payment provider, then the seller’s NQR barcode can be scanned. The amount is inputted for the transaction would be followed by a request for personal identification number (PIN) validation to generate an instant confirmation of the transaction successfully. On the other hand, merchants are to visit any First Bank branch closest to them for service enrollment.

Comments

ZAMFARA BYE - ELECTION: GOVERNOR DAUDA LAWAL NOT HAPPY WITH THE OUTCOME, DIRECTS REPS MEMBER TO RETURN N1.5B OUT OF 2B.

Political temperature seem to be very higher withing the circle of Zamfara people Democratic party PDP stakeholders after Kaura Namoda bye - election where opposition All progressive congress APC got 6,999 votes while the rulling People Democratic party PDP got 5338 Votes. Zamfara State government House insider who begged for anonymity , said that ,"governor Dauda Lawal had a sleepless night monitoring the election, and was seriously not happy with the outcome of the result's considering the huge amount of Monies spent to shame APC and it's leaders in the State. Multiple sources within Zamfara PDP stakeholders Confirmed that , governor Dauda Lawal has directed the Secretary to the State government (SSG) Mohammed Nakwada to liase with the Deputy governor of the State Malam Mani Malam Mumuni to recover N1.5b given to the campaign Chairman, Honourable Kabiru Alhamdu Mai palace as being mobilization Funds to return PDP elected for the just co...

Alledged Infidelity: Local government chairman accused for secret deal with governor wife.

Insiders from the Zamfara State government House has accused Gusau Local government chairman Honourable Abubakar Imam for having close relationship with first lady Her Excellency Hajiya Huriya Dauda Lawal, the wife of the Executive governor of Zamfara State. Speaking on the condition of anonymity on Friday, Several officials and the personal aids of the Zamfara State governor attached to government House Gusau accused the council Chairman for sneaking in to the official resident of the governor whenever the governor is out of the State for official engagement which according to some civilian staff, ” sometimes the council Chairman used to spend more than 3 to 4 hours before he left through the back exit gate. According to one of the police inspector who begged for his Name to not appear on the print due to the sensitivity of the Alledged Infidelity said,” last two weeks ago Abubakar Imam came to the government House around 12am and left by 4:55am the following morning an incident...

Lesbialsm: Zamfara State governor Dauda Lawal Media aid Sayyyada Hadiza Sadauki caught in a Hotel having affairs with a lady

The Media aid to Zamfara State governor Dauda Lawal Hajiya sayyyada Hadiza Sadauki caught in Lesbianism act with a native of Southern Kaduna Helen Markus in an Isolated isolated Hotel by Zamfara State Islamic police Hisbah. It was learnt that Helen Markus come to Zamfara State last week on the invitation of Hadiza Sadauki with the promised to find her a teaching job with the State owned primary Education Board where it was alledged that Hadiza Sadauki logged her in one of the famous Hotel in Gusau Name withheld for five days. Hadiza Sadauki who is known for Lesbianism act drugged Helen Markus along with her six females sinners friends she invited from Sokoto Helen Markus after she regain her sence reported the case to the Hotel Management in turn ,the Management alerted the Hisbah during their routine patrol unfortunately when the patrol team took Hadiza Sadauki and her invited friends from Sokoto who actively participated in gang raping Helen Markus to His...

Search This Blog