Since its establishment in 1894, FirstBank has consistently built relationships with her customers, focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and effective leadership. These, amongst others, are the reasons the Bank has dominated the financial market for over 126 years.
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“In Africa, financial inclusion is crucial in order to ensure sustained economic progress and electronic payment growth across the region and other emerging markets, considering that several areas in the continent still do not have banking systems, whilst those that do are slowly transitioning from a cash-based society to electronic payment methods,” Adebanjo said
These solutions include the digitization of school fees and national healthcare claim payments, providing an online payment gateway for Rwanda Online, contributing to the creation of a common mobile banking platform and contributing to the effective management of spending activities across borders
“In today’s digital world, consumers are increasingly more aware about safety and convenience, therefore balancing the growing desire for greater security while maintaining the ease of making payments is important,” said Raghu Malhotra, the President of Middle East and Africa, MasterCard. “Our IQ series leverages advanced technology and insights to help deliver consumers a convenient, uninterrupted checkout experience.”
UBA won in three out of six categories namely: Cashless Transactions Champion, which represents the highest increase between Q3 2014 and Q4 2014 in the number of Point of Sale transactions; Cashless Volume Champion, for having achieved the highest growth in the value (Dollar or Naira) of POS transactions between Q3 2014 and Q4 2014; and Cashless Cross-border Champion, for the best improvement in international acquired volumes by enabling all its merchant locations to accept international EMV Chip and PIN payment cards