Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


First Bank inaugurates card-less ATM services

06 August 2012, 09:55

Lagos -   The nation’s automated transaction has advanced further with the inauguration of a card-less Automated Teller Machine (ATM) transfer service by the First Bank of Nigeria Plc.

The bank said in a statement that the service inaugurated recently, was aimed at rendering financial services from its ATM to people without bank accounts or payment cards.

It said that the inauguration was inspired by the passion to serve and extend financial services to the ``unbanked and under-banked.’’

The bank said that the fund transfer service was aimed at complementing the cashless policy of the Central Bank of Nigeria (CBN) and achieving financial inclusion of the ``unbanked and under-banked.’’

Mr Bisi Onasanya, the Managing Director of First Bank, said that financial inclusion remained a panacea for sustainable economic development, enhanced entrepreneurship and wealth creation.

``With this innovative offering, our existing and prospective customers now have another platform to enjoy hitch-free money transfer services.

``First Bank as a leading player in the sector is proud to spearhead the quest for financial inclusion as CBN targets unbanked 50 million Nigerians,” Onasanya said.

Mrs Folake Ani-Mumuney, the Head of Marketing and Corporate Communication, said that the fund transfer service was targeted at customers who needed to transfer funds to individuals who did not have payment card or bank accounts for instant cash retrieval.

Ani-Mumuney said that the product provided fast, convenient, reliable and secure way of transferring money.

She said that it created a platform for many more Nigerians, especially the low income earners and rural dwellers to take advantage of the bank’s range of tailored financial services.


Tags cbn firstbank

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...