FirstBank of Nigeria Limited has launched the FirstMonie Merchant Wallet, a digital solution designed to improve payment efficiency and expand financial inclusion for businesses across Nigeria.
The product provides merchants with a seamless platform to accept digital payments while enhancing transparency, liquidity, and operational control.
Equipped with pre-configured point-of-sale (POS) terminals and an integrated network dashboard, the solution enables real-time monitoring, instant settlement, concession management, and dispute resolution.
The FirstMonie Merchant Wallet also features automated onboarding, flexible pricing, and payment options including Pay with Transfer and Purchase, offering businesses more control over daily transactions.
The bank said the system is tailored to meet the needs of small, medium, and large enterprises while minimizing chargebacks and strengthening transaction security.
Chuma Ezirim, Group Executive, E-Business and Retail Products at FirstBank, said the launch reinforces the bank’s leadership in digital payments.
“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 stated.
He added that the innovation is not merely a product introduction but a step toward simplifying payment processes for Nigerian merchants.
According to him, the wallet provides improved speed, transparency, and control, aligning with FirstBank’s goal of building financial ecosystems that deliver value and trust.
The solution is available to both new and existing FirstBank account holders through a simple registration process on the bank’s website.
Supported by FirstBank’s technological infrastructure and a nationwide network of over 300,000 FirstMonie agents, the rollout demonstrates the bank’s continued commitment to accessible and secure digital banking.
With more than 131 years of operation, FirstBank said the FirstMonie Merchant Wallet reflects its drive to strengthen Nigeria’s payments industry while expanding financial inclusion through scalable and user-friendly digital products.