First Bank launches virtual payment card

First Bank launches virtual payment card

- in World News
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First Bank of Nigeria Limited has launched a virtual payment card, a naira-denominated debit card and digital representation of the plastic debit card.

The bank said in a statement on Sunday that it begins the year with an innovative, convenient virtual payment card’.

According to the statement, the card was designed to be linked to either a customer’s operative account or wallet account.

“The FirstBank virtual payment card is a suitable alternative to the use of cash and cheques, with its wide-range features, which include the ability of cardholders to protect his/her card using the block and unblock capabilities; PIN reset; change PIN as well as view statement at one’s convenience.

“It also enables diaspora customers to spend from his/her FirstBank account within the spend limit advised by the bank without the need for a physical card.”

According to First bank, the virtual payment card is a safe, convenient, and an easy way of making e-commerce payments, amongst other functionalities.

“The virtual payment card can be created via the bank’s leading digital channels: FirstMobile or Firstmonie Wallet applications.”

Customers can download the card, activate the card and consummate transactions all at once from the comfort of their homes/offices. No branch visit is required.

Speaking on the launch, Deputy Managing Director, First Bank of Nigeria Limited, Mr Gbenga Shobo, said, “The launch of our virtual payment card is yet another secure and seamless way we promote electronic banking, while enabling customers to carry-out their transactions on the web.

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