Firstmonie Agents Reinforce Firstbank’s Leading Role In Promoting Financial Inclusion In Nigeria With Over 1 Billion Transactions

<h4>Firstmonie Agents Reinforce Firstbank’s Leading Role In Promoting Financial Inclusion In Nigeria With Over 1 Billion Transactions<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that First Bank of Nigeria Limited&comma; Nigeria’s premier and leading financial services provider has announced that its agent banking network – Firstmonie Agents – spread across the nook and cranny of the country has collectively processed transaction volume in excess of 1 billion&comma; amounting to over 22 trillion naira&period; The Bank currently has over 180&comma;000 Firstmonie Agents&comma; spread across the country’s 772 Local Government Areas&period;<br &sol;>&NewLine;Firstmonie Agents have been integral to bringing financial services closer to the underbanked and unbanked segment of the society&comma; providing convenient banking services that are easily accessible&comma; thereby saving time and travel costs for individuals in the suburbs and remote environments with no access to financial services&period;<br &sol;>&NewLine;Popularly referred to as the &OpenCurlyQuote;Human ATM’&comma; <a href&equals;"https&colon;&sol;&sol;punchng&period;com&sol;">Firstmonie Agents<&sol;a> are empowered to reduce the reliance on over-the-counter transactions while providing convenient personalized services&period; Amongst the services carried out by the Agents include&semi; Account Opening&comma; Cash Deposit&comma; Airtime Purchase&comma; Bills Payment&comma; Withdrawals and Money Transfer&period;<br &sol;>&NewLine;Through various empowerment and reward schemes implemented to put its Firstmonie Agents at an advantage to economically impact their immediate communities whilst importantly having their business sustained&comma; the Bank’s Agent Banking scheme has remained a toast to Nigerians&comma; irrespective of where they are in the country&period; Amongst these schemes is the Agent Credit – launched in 2020 – which has had the Bank provide credit facilities to the tune of 238 billion naira to its teeming Firstmonie Agents&period;<br &sol;>&NewLine;Expressing his appreciation to the Firstmonie Agents&comma; Dr&period; Adesola Adeduntan&comma; CEO&comma; FirstBank said &OpenCurlyDoubleQuote;since the relaunch of our Agent Banking scheme in 2018&comma; our Firstmonie Agents have played a vital role in bridging the financial inclusion gap in the country&comma; as many more people have been able to undertake various financial and business transactions in cost-effective ways&comma; thereby saving a lot of time and money in travelling over long distances for basic banking services&period;&OpenCurlyDoubleQuote;<br &sol;>&NewLine;&OpenCurlyDoubleQuote;We are delighted by the giant strides of our Firstmonie Agents in promoting financial inclusion and commend them for their efforts in taking banking to the doorsteps of Nigerians &&num;8211&semi; irrespective of where they are – in a very effective way”&comma; he concluded&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;