Due to the 'Cashless World' the COVID-19 has all put us in, FirstBank manages to create a new way and form of making transactions simply by using string of numbers to make payments for goods and services all by using a mobile device. This said strings of numbers consists of codes, details of transaction and also Unique IDs.


The FirstBank USSD Retail Payment is a solution which enables her customers to receive instant payments from anyone using a simple USSD short-code. The transactions are consummated via a mobile phone technology, using text-based interaction between a mobile device and an application platform or financial host.

Everyone can receive payments with a unique USSD code and to begin you have to Dial *894*99# . I'll show you how it works after the cut below;


HERE IS HOW IT WORKS, IN 8 STEPS:



1. Firstly, A unique USSD code is generated by the Bank and tied to your account number for receipt of funds.

2. To self-enroll and receive payments with the FirstBank USSD code, dial *894*99# and follow the prompts or enroll through the FirstMobile app; click on Merchant Services, USSD and follow the prompts. Alternatively, you can visit any of our FirstBank branches nationwide to enroll

3. Your unique USSD code is generated immediately after enrollment and you are now ready to receive payments from FirstBank and other banks instantly

4. To make payments, customer dials FirstBank USSD syntax *894* your USSD code*Amount# e.g. *894*89400000*5000# for payment from FirstBank; or the mcash syntax *402* your USSD code*5000# e.g. *402*89400000*5000# to make payments from other banks.

5. The session returns for the customer/payer to input their 5-digit USSD PIN number

6. After successful authentication, debit is passed to customer/payer account and instant credit to receiversaccount

7. Receiver will get a push message on the mobile number registered notifying of the transaction status

8. The fee charged to receiver is graduated based on the value of transaction. Customers/payers however are charged N20 per transaction.



What You Stand To Benefit

1. Wider acceptance: Anyone can receive payment if cash and debit/credit cards are not available

2. Instant settlement to account

3. Zero fee on payments below NGN5,000.

4. Increased security of payments

5. Reliable means of transacting business



The Payer Also Gets The following:

• Convenient way to make payments

• Increased security of payments

• Reliable means of transacting business

• Increased speed of transaction





With this new platforms, Anyone can use the USSD code to receive payment instantly. I felt this is a nice innovation and thought of sharing it.

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How do i activate FirstAdvance pls