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Airtel, FirstBank launch FirstMonie payment solution

By on July 27, 2013
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Leading Telecommunications Service Provider, Airtel Nigeria, has gone into a partnership with First Bank Nigeria Plc to offer Firstmonie Talkmore, the all-new, revolutionary mobile payment solution, to the public.

The strategic partnership, which was sealed with the signing of a Memorandum of Understanding (MoU) in Lagos, makes it possible for Firstmonie Talkmore to run essentially on Airtel platform to make mobile payment services easy and accessible to a broader spectrum of Nigerians.

The partnership is the first major collaboration between leading operators in the nation’s banking and telecoms industries to provide a first-class mobile payment solution to Nigeria.

Specifically, subscribers on Airtel network who sign up to Firstmonie will be able to send and receive money, buy airtime, pay bills and carry out other forms of transaction on their mobile phones without operating a bank account.
In addition, any duly registered subscriber on the Airtel network who signs on to Firstmonie will automatically receive N100 e-value and will be eligible for N240 bonus airtime.

Speaking on the special offering, the Director, Regulatory Affairs and Special Projects, Osondu Nwokoro, observed that Firstmonie could not have been better timed in view of the current drive by the Central Bank of Nigeria to entrench a cashless economy in the country.

Nwokoro said: “As pioneers in the GSM sector and leaders of innovation in the industry, we have no doubt that Firstmonie will definitely revolutionize the mobile payment industry and further endear the Airtel brand to the Nigerian people.”

According to Nwokoro, Airtel has been a leading driver of innovative mobile payment solutions across Africa, having singularly planted Mobile Money platforms in 16 countries across the continent.