First Bank of Nigeria has announced increased transaction limits
on its FirstMobile Lifestyle app to a maximum daily limit of N150,000.00
without the use of a token and a total daily transaction limit of N1 million.
This development was expected to boost convenience and ease of
banking as well as enhance customers’ digital banking experience in line with
the bank’s commitment to offer value-added services that suit the lifestyles of
its customers.
FirstBank had launched FirstMobile as part of its drive to
leverage evolving technology in providing cutting-edge banking services to its
customers and the mobile banking app which is secure and easy to use, allows
users to carry out banking transactions on the go from their mobile phones
anywhere in the world.
A statement from the bank at the weekend explained that
the banking app comes with a user-defined transaction pin which is an
extra security feature and customers can also perform the following actions on
the enhanced app: change transaction PIN, reset transaction PIN, synchronise
token, and change their log in pin – mPIN.
“With the integrated lifestyle mobile banking app, customers can
enjoy real-time mobile banking services such as domestic funds transfer from
self-owned accounts to FirstBank accounts and other banks’ accounts; make quick
airtime purchase for self and others on all mobile networks; bills payments;
cheque services including confirm cheque and stop cheque; flight booking; and
quick account services such as account balance inquiry, statement view and much
more,” the statement added.
In December 2016, FirstMobile recorded a milestone in its user
numbers with the attainment of one million active users while over N1.3
trillion transaction volume had been consummated using the FirstMobile app
since its launch in 2015.
According to Mrs. Folasade Femi-Lawal, head, Digital Banking at
FirstBank, the bank will continue to leverage evolving technologies to support
consumers’ lifestyle by providing them with a suite of financial options in a
convenient and highly secure environment.
FirstBank’s digital innovations were rewarded with awards in
2016 which include the Asian Banker award for Best Mobile Payments and the
Global Finance Digital Bank of Distinction award.
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