The Nation Newspaper

Tag: E-BANKING

  • FirstBank takes e-Banking to higher institutions

    THE First Bank of Nigeria Limited, as part of its engagement initiative to drive financial inclusion, is organising Campus Storms to provide students and the Ivory Towers an opportunity to experience convenient and accessible banking  at their doorstep. The bank is reputed as Nigeria’s most valuable bank brand.

    It made strong presence yesterday in places such as the University of Benin (UniBen) and the New Benin Market, introducing its eBanking products to students and traders. It will also be in Abia State Polytechnic & Ariaria Market on January 31-February 3, 2017; and Usman Danfodio University & Sokoto Main Market on February 7 to 10, to educate, engage, and introduce bespoke products amidst fun filled activities.

    The bank’s products and services include the XploreFirst accounts, designed for youths between the ages 18 and 24, to promote saving culture and banking convenience for the youth and mass market customers. The other products that would be on display at the Storm are the FirstInstant Savings and FirstInstant Savings Plus accounts, both of which enable customers to open fully functional bank accounts with minimal requirements from anywhere, at any time, via any of the Bank’s online platforms.

    The Bank will also use the opportunity of the Storm to re-introduce its mobile banking service, Firstmonie, which enables the banked, the unbanked and the under-banked Nigerians have the opportunity to make mobile transfers as well as mobile payments anywhere they may be in Nigeria from the comfort of their mobile phones, simply by dialing *894# from a mobile phone and following the prompts that would ensue.

    The students and the university communities will also be taken through the dynamics of the recently unveiled enhanced features on the Bank’s mobile banking app–Firstmobile, which enables customers to now carry out transactions such as domestic funds transfer from self-owned accounts to FirstBank accounts and other third party bank accounts; make quick airtime purchase for self and others on all mobile networks; bills payments; such as DSTV and GOTV subscriptions, cheque services including confirm cheque and stop cheque; flight booking, and quick account services.

    Quick account services include account balance inquiry, statement view and much more, which can be  made from their smartphones. Just recently, the Bank increased transaction limits on its FirstMobile Lifestyle app to a daily limit of N150,000.00 without the use of a token and a maximum total daily transaction limit of N1 million.

  • Skye Bank to enhance e-banking services

    Skye Bank to enhance e-banking services

    Skye Bank’s electronic channels and e-banking services deliver exciting and hassle-free banking experience to its customers and subscribers, the bank’s Executive Director, Technology and Services, Innocent Ike, has said.

    Speaking to reporters on the features of the bank’s e-channels and internet banking platforms, he explained that technological innovation has simplified hitherto complex and laborious banking services.

    According to him, “Today, most Nigerians sit in the comfort of their living rooms to carry out transactions at the click of a button, adding that, “Internet users are now smarter and ready to embrace seamless services offered by Skye Bank.”

    Citing Skye Bank, he said: “With our solutions, customers carry out bank transfers in split seconds without the rigors of the cumbersome and often tiring internet banking token system”.

    The bank, he said, has also made bill payment on internet banking hassle-free, as customers can conveniently use the platform to pay utility bills. Customers can also check their account balance and details of previous transactions via the Skye Mobile app and the Skye USSD code, *833#.

    He also used the opportunity to explain the bank’s recent increase in customers’ daily and monthly international spending to a higher limit on both MasterCard debit cards and Platinum Master Card debit card users. This, he noted, was in line with the Bank’s customer-centric posture as a leading retail bank.

  • SA Consul-General praises Diamond Bank’s e-banking

    South African Consul-General Ambassador Mokgethi Monaisa has lauded Diamond Bank Plc’s bold digital banking initiatives, saying businessmen and women from his home country would continue to patronise and enjoy the excellent electronic banking services, which have put the bank ahead of others.

    During a dinner organised by the bank for a team of South African business delegates to Nigeria, who were on an Outward Selling and Investment Mission (OSIM), Mokgethi said when he arrived in Nigeria, a few years ago, he and his team found financial home in Diamond Bank as a result of the quality of its products, customer friendly workforce and well-developed digital banking services.

    “When I arrived Nigeria in 2012, Diamond Bank was the only bank that rendered the kind of excellent electronic banking that we were used to in South Africa. We knew we had to work with them and over the years, they have continued to improve in their services.”

    He urged the delegates to consider Diamond Bank Plc for their transactions if and when they come to do business in Nigeria.

    The bank’s Chief Executive officer (CEO), Uzoma Dozie, assured them of the lender’s support when they eventually extend their businesses to Nigeria. He explained that Diamond Bank is keen in exploring the immense business opportunities that abound in markets that other banks have not gone into, in order to see that their respective businesses thrive when they eventually decide to come and invest in Nigeria.

    “For us at Diamond Bank, we go the extra mile by tapping into the unbanked to exploit available opportunities. As a bank, we do more than just giving out loans; we create payment structures with detailed information on cash flow which makes for easy connection between business owners and their partners. We also help to improve the quality of services they render  to build sustainable and long term relationships.”

    The leader of the delegation, Mzwandile Masina, South Africa’s Deputy Minister of Trade and Industry, praised Diamond Bank Plc for a rewarding and satisfying partnership over the years and assured investors of a great support base from the bank.

     

  • Transactions hit N2tr as more Nigerians embrace e-banking

    Transactions hit N2tr as more Nigerians embrace e-banking

    Despite initial doubts, more Nigerians are embrac-ing electronic banking, provoking an impressive growth in transactions.

    According to the Central Bank of Nigeria (CBN), the value of electronic transactions increased from N1.67 trillion in 2011 to N2.09 trillion,last year.

    From 355.2 million units, the volume shot up to 382.6 million units within the review period. The CBN said the figure reflected an increase of 7.7 per cent and 25.4 per cent, for value and volume.

    Data on various e-payment channels for the period under review indicated that automated teller machines (ATMs) remained the most patronised, accounting for 98.1 per cent, followed by point-of-sale (PoS) terminals at 0.7 per cent.

    Also, web and mobile payments accounted for 0.6 per cent each. Similarly, in value terms, ATM accounted for 94.7 per cent, PoS 2.3 per cent, while web and mobile payments averaged 1.5 per cent each.

    It said the volume and value of ATM transactions amounted to 375,487,756 and N1.98 trillion. These reflected an increase of 8.1 per cent and 27.1 per cent over the volume and value of 347,569,999 and N1,561.75 billion attained, in 2011.

    The volume of mobile payments decreased by 37.0 per cent to 2,297,688 from 3,649,374, while the value increased by 65.8 per cent to N31.50 billion, from N19 billion.

    Also, the apex bank explained that the value of transactions at the inter-bank funds market declined by 45.7 per cent to N23,811.91 billion. The development was attributed largely to improved liquidity in the banking system.

    Also, the breakdown of the volume of transactions at the inter-bank funds market showed that the inter-bank call and the open-buy-back (OBB) segments declined by 61.2 and 49.8 per cent respectively from their levels of N37.7 trillion and N6.1 trillion in the preceding year.

    Inter-bank call transactions accounted for 61.4 per cent of the total, while OBB accounted for the balance of 38.6 per cent.