By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ng
  • News
    • Politics
    NewsShow More
    FEC Mourns Diya, Abacha’s Ex-Deputy
    March 26, 2023
    Oladipo Diya, Ex-Chief of Staff to Abacha Dies at 78
    March 26, 2023
    Governors-elect to receive Certificates of Return from March 29 – INEC
    March 25, 2023
    Buhari Never Said He Will Refuse Handover to Tinubu — Presidency
    March 25, 2023
    Governor Babajide Sanwo-Olu
    Sanwo-Olu orders payment of N5m compensation to driver manhandled during EndSARS Memorial rally
    March 25, 2023
  • Entertainment
    EntertainmentShow More
    Comedian AY Reveals Reason for Friendship Breakup with Basketmouth
    March 26, 2023
    Meta CEO Mark Zuckerberg announces birth of third child
    March 24, 2023
    Life Was Tough, I Almost Dropped Out of Primary 3 — Goodluck
    March 24, 2023
    Nollywood Actor, Aguba, Returns To Hometown
    March 24, 2023
    Roselyn vs John Battles: ” It felt like I was watching a love film.”
    March 22, 2023
  • Business & Economy
    Business & EconomyShow More
    Dangote Cement
    Dangote Cement Plc declares N340 billion payout for shareholders in upcoming AGM
    March 22, 2023
    CBN Governor, Godwin Emefiele
    CBN Raises Benchmark Interest Rate to 18.5%
    March 21, 2023
    Managing Director/CEO, Transcorp Hotels Plc, Dupe Olusola
    Transcorp Hotels Plc Reports 172% Increase in Profit Before Tax in 2022
    March 3, 2023
    CBN launches portal for collection of old N200, N500, and N1,000 banknotes
    February 15, 2023
    2023 Election: CBN Commits to Providing Cash for INEC Despite Withdrawal Limits
    February 8, 2023
  • Sport
    SportShow More
    AFCON Qualifier: Guinea Bissau beat Nigeria 1-0 in Abuja
    March 24, 2023
    MTN Nigeria Leads the Way in Supporting Super Eagles Against Guinea-Bissau
    March 23, 2023
    Kylian Mbappé Confirmed as New France Captain
    March 21, 2023
    Haaland nets hatrick as Manchester City destroy Burnley 6-0
    March 18, 2023
    Europa League
    Europa League Quarter-final Draws as Manchester United face Sevilla
    March 17, 2023
  • Tech
    TechShow More
    The Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami) in a group photograph with some of the members of the Nigeria Startup Act Implementation Committee shortly after the inauguration ceremony
    FG Inaugurates Committee for Implementation of Nigeria Startup Act 2023
    March 9, 2023
    Mobile Ridesharing App Emerges as Winner at NCC’s Young Innovators Competition
    February 18, 2023
    The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami During the Ministerial Training Session for Board and Management Staff of NITDA at Transcorp Hilton Hotels Abuja
    Pantami Charges NITDA to Embrace Critical Thinking for the Benefit of Nigerians
    February 17, 2023
    Airtel Nigeria and itel Partner to Launch the Most Affordable 4G Smartphone for Nigerians
    February 16, 2023
    Zoho
    Zoho Launches Cutting-Edge Unified Communications Platform, Trident
    February 9, 2023
Reading: FirstBank announces partnership with NIBSS on NQR payment solution
Share
Aa
Okay.ngOkay.ng
Aa
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Business

FirstBank announces partnership with NIBSS on NQR payment solution

Farouk Mohammed By Farouk Mohammed Published October 24, 2021
Share
3 Min Read
First Bank of Nigeria
SHARE

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services organisation has announced its partnership with Nigeria Inter-Bank Settlement System plc (NIBSS) on its recently launched Nigeria Quick Response (NQR) Payment Solution.

The NQR is an innovative payment option implemented for all financial service providers and designed to promote quick and fast transactions by scanning the code on one’s mobile device. Also, the initiative reduces cost(s) for merchants and banks in delivering instant value for person to business (P2B) and person to person (P2P) transactions by simply scanning to pay. Unlike other QR schemes, the NQR is implemented with reduced charges that is cheaper for merchants.

The initiative is accessible on the Bank’s payment infrastructure as the NQR code can be used to make payments through one’s FirstMobile App. And it is also available for the merchant in facilitating their business activities. The touchpoint and use cases of the NQR payment solution include convenience stores, supermarkets, shopping malls, pharmacy, ride-hailing/taxi payments, bus fares, tolling booths payments, vending machines, e-commerce sites, online (Instagram) businesses amongst many others.  

To access the service, launch your FirstMobile App and select QR payment. Afterwards, choose NIBSS as a payment provider, then scan the seller’s NQR barcode. Thereafter, the amount is inputted, followed by PIN validation to generate an instant confirmation of the transaction successfully. On the other hand, merchants are to visit any FirstBank branch closest to them for service enrolment. 

- Advertisement -

Speaking on the initiative Dr. Adesola Adeduntan, CEO, FirstBank said “we are delighted with the adoption of the Nigeria Quick Response (NQR) payment solution, an initiative by Nigeria Interbank Settlement System plc (NIBSS) which has been instrumental to easing and promoting payment convenience with the use of mobile phones. At FirstBank, we recognize the indelible role technology plays in promoting businesses across diverse frontiers and we remain committed to reinventing our technology infrastructure to meet global standards whilst being committed to  staying true to our mantra in always putting You, our customers First.

TAGGED: FirstBank, NIBSS, NQR
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email Copy Link Print
What do you think?
Happy0
Love0
Sad0
Angry0
Joy0
Surprise0

Connect with Okay on Social

Facebook Like
Twitter Follow
Instagram Follow
Telegram Follow
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Comedian AY Reveals Reason for Friendship Breakup with Basketmouth
Celebrities
FEC Mourns Diya, Abacha’s Ex-Deputy
News
Oladipo Diya, Ex-Chief of Staff to Abacha Dies at 78
News
Governors-elect to receive Certificates of Return from March 29 – INEC
News
Buhari Never Said He Will Refuse Handover to Tinubu — Presidency
News
- Advertisement -

You Might Also Like

FirstBank of Nigeria
News

FirstBank of Nigeria Launches Third Edition of its Management Associate Programme

March 23, 2023
Dangote Cement
Business

Dangote Cement Plc declares N340 billion payout for shareholders in upcoming AGM

March 22, 2023
EntertainmentGistTrendingVideo

Roselyn vs John Battles: ” It felt like I was watching a love film.”

March 22, 2023
CBN Governor, Godwin Emefiele
Business

CBN Raises Benchmark Interest Rate to 18.5%

March 21, 2023
Previous Next
Okay.ngOkay.ng
Follow US

© OKN MEDIA PUBLISHING 2022 - All rights reserved

  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
Welcome Back!

Sign in to your account

Lost your password?