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Firstbank, UN partner on mobile payments

03 July 2013, 12:02

Lagos - First Bank, Nigeria's premier financial institution, has partnered with the United Nations Children Education Fund (UNICEF) Health Scheme in a move that is poised to empower previously unbanked people in the country.

The bank has partnered with the UN agency through its FirstMonie offering.

The alliance will see FirstMonie support the UNICEF Health Scheme Initiative through its payment disbursement services and redemption related issues to its Volunteer Community Mobilisers (VCMs) as well as their consultants across the nation.

Folake Ani-Mumuney, Head of Marketing and Corporate Communications at First Bank, hailed the partnership.

Ani-Mumuney said the FirstMonie platform, which facilitates the entry of the unbanked and under-banked population into the financial system, offers an excellent medium for UNICEF to disburse funds securely to beneficiaries across the nation.

“First Bank’s citizenship ideals drive our involvement with issues that enhance socio-economic development and we are delighted to be partnering UNICEF through FirstMonie in providing a mobile payment solution that supports the drive for education of the host communities in the eradication of the polio virus from Nigeria,” Ani-Mumuney said.
FirstMonie enables subscribers to send and receive money, pay bills, buy airtime, and make purchases without owning a bank account.

The platform, Ani-Mumuney said, supports wealth creation by providing opportunities for thousands of entrepreneurs across the nation as well as financial inclusion through the provision of banking services for the unbanked and under-banked. - CAJ News



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