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Nairaland Forum / Nairaland / General / Business / Firstbank Achieves 100m Monthly Transactions (16922 Views)
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Firstbank Achieves 100m Monthly Transactions by Abbeyme: 6:54pm On Feb 17, 2016 |
First bank becomes first financial institution to achieve 100m Monthly transactions Interswitch Transnational Africa’s leading integrated payment and transaction processing company has officially recognized First Bank Nigeria Ltd. as the first financial institution in the country to achieve a transaction volume of 100 million transactions in a month. The record transaction volume, which was achieved in the month of December 2015, represents the total transactions processed by First Bank’s Front End Processor running on the Interswitch transaction switching platform which seamlessly links all financial institutions in Nigeria to facilitate better and quicker transactions across all platforms. As one of Nigeria’s largest financial institutions with over 8 million customers, the achievement by First Bank is a pointer toward its desire to promote the cashless policy of the CBN and boost economic growth via e-payments across Nigeria and the African continent. “It really says something about the strength and development of electronic transactions in Nigeria that a single banking partner can record 100 million transactions in a single month. When you add this figure to that of our other partners, then you can begin to have an idea of the sheer size and demand for electronic financial services in Nigeria,” said Divisional CEO, Switching and Processing, Interswitch, Akeem Lawal. The milestone by First Bank is another marker of the scale of success recorded by Interswitch since its launch in 2002. It will be recalled that the company in 2014 was listed by Deloitte as the fastest growing tech company in Africa with a year-on-year growth rate of over 1500%. Interswitch has also made considerable inroads into the East African market with the acquisition of Paynet Kenya alongside a strategic partnership with KCB Bank across several East African countries. : http://www.vanguardngr.com/2016/02/first-bank-becomes-first-financial-institution-to-achieve-100m-monthly-transactions/ 3 Likes 1 Share |
Re: Firstbank Achieves 100m Monthly Transactions by EMMYLASHTINS(m): 6:57pm On Feb 17, 2016 |
Good for them |
Re: Firstbank Achieves 100m Monthly Transactions by Abbeyme: 6:59pm On Feb 17, 2016 |
Also good for the Nigerian market that keeps embracing the e-option. That does not resist the MACHINE-INTERFACE Its good for the InterSwitch as a partner, abi Mods. |
Re: Firstbank Achieves 100m Monthly Transactions by emmyw(m): 7:12pm On Feb 17, 2016 |
Good |
Re: Firstbank Achieves 100m Monthly Transactions by calculator123(m): 7:20pm On Feb 17, 2016 |
how does this increase the available jobs right now. 2 Likes |
Re: Firstbank Achieves 100m Monthly Transactions by Abbeyme: 7:57pm On Feb 17, 2016 |
calculator123: Let me ask Oracle9i Or better still - Google |
Re: Firstbank Achieves 100m Monthly Transactions by kennyman2000(m): 8:05pm On Feb 17, 2016 |
Hmmmmm... |
Re: Firstbank Achieves 100m Monthly Transactions by Fmdipo(m): 11:02pm On Feb 17, 2016 |
truly the first lalasticlala have you heard this? |
Re: Firstbank Achieves 100m Monthly Transactions by Nobody: 11:16pm On Feb 17, 2016 |
Yet their ATM no dey always work. Going to a first bank ATM is a promotion exam to disappointment. 7 Likes |
Re: Firstbank Achieves 100m Monthly Transactions by Kolababe: 11:16pm On Feb 17, 2016 |
Our money |
Re: Firstbank Achieves 100m Monthly Transactions by sotall(m): 11:17pm On Feb 17, 2016 |
k |
Re: Firstbank Achieves 100m Monthly Transactions by jeeqaa7(m): 11:18pm On Feb 17, 2016 |
Apc bank |
Re: Firstbank Achieves 100m Monthly Transactions by omoijesa(m): 11:18pm On Feb 17, 2016 |
First bank 2ruly d first |
Re: Firstbank Achieves 100m Monthly Transactions by Ikem4life(m): 11:18pm On Feb 17, 2016 |
Truly the FIRST |
Re: Firstbank Achieves 100m Monthly Transactions by anytaij: 11:19pm On Feb 17, 2016 |
No be lie at all,they are everywhere. |
Re: Firstbank Achieves 100m Monthly Transactions by SetrakusRa(m): 11:19pm On Feb 17, 2016 |
With their usual long queue at their ATM and cash deposit center, i'd be suprise if they don't. 2 Likes |
Re: Firstbank Achieves 100m Monthly Transactions by tiamiyukunle69(m): 11:20pm On Feb 17, 2016 |
Won ku orire......... |
Re: Firstbank Achieves 100m Monthly Transactions by vkon2(m): 11:20pm On Feb 17, 2016 |
If I close my account, that record ko spoil 5 Likes |
Re: Firstbank Achieves 100m Monthly Transactions by InwehAkpevwe(m): 11:20pm On Feb 17, 2016 |
How does this rise the already sleeping naira #1$=N385... #teamGodblessNigeria 1 Like |
Re: Firstbank Achieves 100m Monthly Transactions by Iamjiruma: 11:21pm On Feb 17, 2016 |
You guyz have been doing a great job. I'm not surprised 2 see this 'cause you know what? YOU WORTH IT@firstbank |
Re: Firstbank Achieves 100m Monthly Transactions by sagewonders(m): 11:21pm On Feb 17, 2016 |
Goodnews to both customers, staff and bank owners 1 Like |
Re: Firstbank Achieves 100m Monthly Transactions by Eboh4z: 11:21pm On Feb 17, 2016 |
So how's this gonna reduce the price of dollar |
Re: Firstbank Achieves 100m Monthly Transactions by Empress2014(f): 11:22pm On Feb 17, 2016 |
Goodnews for them |
Re: Firstbank Achieves 100m Monthly Transactions by Nobody: 11:23pm On Feb 17, 2016 |
Dis no be news |
Re: Firstbank Achieves 100m Monthly Transactions by ssoftappless(m): 11:23pm On Feb 17, 2016 |
ALL the guys dat quoted me below, i knew u guys will eventually quote me, chai nairalanders got no chill, person nr go fit joke again. 1 Like |
Re: Firstbank Achieves 100m Monthly Transactions by enitanpopoola(m): 11:23pm On Feb 17, 2016 |
It can only be First Bank. |
Re: Firstbank Achieves 100m Monthly Transactions by chynie: 11:24pm On Feb 17, 2016 |
Their marketers body don hear am |
Re: Firstbank Achieves 100m Monthly Transactions by 100Cents: 11:24pm On Feb 17, 2016 |
Ok. First Bank, Idumota branch. |
Re: Firstbank Achieves 100m Monthly Transactions by 100Cents: 11:26pm On Feb 17, 2016 |
ssoftappless: Confusion is your name. 100m transactions not N100m 8 Likes |
Re: Firstbank Achieves 100m Monthly Transactions by Konnektions146(m): 11:27pm On Feb 17, 2016 |
IamMissMarvel: based on ATM uptime, 1stbank dey try. if yu know how much heat from the head office is given to Ops Heads abd ATM custodians to ensure max uptime, u would be marveled . though you can be disappointed cos of failures which could be anything from faulty machine(vendor could be the issue), lack of cash, staff inability to load etc i wish them well but can be better if pressure on staff about ATM can be better managed 2 Likes |
Re: Firstbank Achieves 100m Monthly Transactions by mindworx: 11:28pm On Feb 17, 2016 |
hmmn .. a lot at the background (people, technology, processes, application, infrastructure, security and all ... ko easy mehn) |
Re: Firstbank Achieves 100m Monthly Transactions by ssoftappless(m): 11:28pm On Feb 17, 2016 |
100Cents:calm down, im aiming at a bashing. |
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