thecitypulsenews.com
FirstBank Doubles Commitment on Financial Inclusion - TheCityPulseNews.com
First Bank of Nigeria Limited has said its commitment to deepen financial inclusion in Nigeria has received a great boost with its network of mobile money agents growing to over 22,000 agents. Speaking recently in Lagos at the Future of Finance West Africa Conference, the Deputy Managing Director, First Bank Nigeria Limited, Mr. Gbenga Shobo, said the bank’s agents process over $490 million worth of transactions monthly. Shobo, who spoke during a panel discussion on: ‘Mobile money services for a better financial inclusion in West Africa,’ noted that to support the federal government’s objectives to deepen financial inclusion, “the bank sought and got a mobile money license in 2012.” He stated that its Firstmonie wallet platform had over four million customers and a spread of agent network that was expected to grow to 50,000 in 2019. According to him, “To support the federal government’s objectives to deepen financial inclusion, First Bank sought and got a mobile money license in 2012. Firstmonie has had a transformational impact on reaching low-income and historically unbanked households in Nigeria. “It is integrating them into the wider financial system by providing access to a range of banking services including account opening, fund transfer capabilities, Identity management (BVN) …