By Peter Egwuatu

The investment of First Bank Nigeria Limited to e-business has started yielding fruits as the number of its customers that have keyed into the system continue to increase. The bank’s investment in e-business reflects its commitment to promoting financial inclusion which is widely regarded as a lever for sustainable economic growth and development as well as enhancing entrepreneurship.

First Bank has been officially recognised as the first financial institution in the country to achieve a transaction volume of 100 million transactions in a month by Interswitch Transnational -Africa’s leading integrated payment and transaction processing company.

This milestone feat was achieved in the month of December 2015 and 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 the leading Nigeria’s financial institutions with over 10 million customers, this achievement by First Bank clearly aligns with its strategic intent to promote financial inclusion, support the cashless policy drive of the Central Bank of Nigeria and boost economic growth via e-payments across Nigeria and the African continent.