FINANCE

FirstBank emerges leader in electronic banking with over 9.5 million *894# USSD Banking Service users

&NewLine;<p>Nigeria’s leading financial inclusion services provider&comma; First Bank of Nigeria Limited has announced that its &ast;894&num; Unstructured Supplementary Service Data &lpar;USSD&rpar;&comma; Quick Banking service has hit over 9&period;5 million customers&period; This is in clear demonstration of its acknowledged leadership in electronic Banking&period; The Bank’s USSD banking service&comma; launched in January 2015&comma; is an easy to use&comma; convenient&comma; fast&comma; user-friendly mobile banking channel through which various banking activities are carried out on a mobile phone – across the four major GSM network operators in the country – without the use of the internet&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Customers are able to enjoy a wide range of banking services&nbsp&semi;using&nbsp&semi;the Bank’s &ast;894&num; USSD banking&period; These services include&semi;&nbsp&semi;Data and&nbsp&semi;Airtime&nbsp&semi;top-up&nbsp&semi;for self and third-party individuals&comma;&nbsp&semi;Quick&nbsp&semi;Balance&nbsp&semi;Enquiry&comma;&nbsp&semi;Fund&nbsp&semi;Transfers&comma; BVN&nbsp&semi;Enquiry&comma;&nbsp&semi;BVN Linkage&comma;&nbsp&semi;Mini-statement&comma;&nbsp&semi;Account Number Enquiry&comma;&nbsp&semi;Account&nbsp&semi;Opening&comma;&nbsp&semi;Merchant&nbsp&semi;Payment&nbsp&semi;and&nbsp&semi;FirstAdvance&nbsp&semi;loan service&period; The&nbsp&semi;FirstAdvance&nbsp&semi;loan service enables salary earners&nbsp&semi;to take a loan up to 50&percnt; of their&nbsp&semi;monthly&nbsp&semi;salary&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>In the words of&nbsp&semi;Chuma&nbsp&semi;Ezirim&comma;&nbsp&semi;FirstBank’s&nbsp&semi;Group&nbsp&semi;Executive&comma;&nbsp&semi;e-Business&nbsp&semi;&amp&semi; Retail Products&comma;&nbsp&semi;&OpenCurlyDoubleQuote;At&nbsp&semi;FirstBank&comma; we are excited&nbsp&semi;about&nbsp&semi;the impact&nbsp&semi;our innovative solutions&nbsp&semi;are making in the Nigerian payment landscape&period;&nbsp&semi;Our&nbsp&semi;&ast;894&num; USSD banking&nbsp&semi;has been a viable platform&nbsp&semi;through which we&nbsp&semi;take our banking services to the doorstep of our customers&comma; right on the palm of their hands&comma; without the limitation of&nbsp&semi;an&nbsp&semi;internet&nbsp&semi;connection&period; We remain committed to&nbsp&semi;creating various avenues&nbsp&semi;to&nbsp&semi;enable Nigerians&nbsp&semi;carry-out various financial activities&nbsp&semi;conveniently&comma;&nbsp&semi;safely&nbsp&semi;and securely&nbsp&semi;anytime&comma;&nbsp&semi;anywhere&nbsp&semi;in&nbsp&semi;Nigeria&period;”<&sol;p>&NewLine;

Openlife Reporter

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