First Bank of Nigeria Plc recently partnered with Airtel to combine their strengths to provide mobile money services to Nigerians.
Speaking at the signing of a Memorandum of Understanding between the two organizations in Lagos recently, Airtel Nigeria’s Managing Director, Mr. Rajan Swaroop, said, “Partnering First Bank to bring mobile financial services to all corners of country further demonstrates Airtel’s commitment to Nigeria and supports the concept of borderless mobile telecoms services across the country.
“Indeed, we are excited to partner with one of the biggest financial institutions in the country. This partnership will, without a doubt, assist us in realizing our vision of empowering more Nigerians with innovative and affordable mobile financial services. At Airtel Nigeria, we are committed to creating value propositions that will delight, enrich and benefit our customers regardless of their income level and location.”
In the same vein, FirstBank’s Chief Executive Officer, Mr. Bisi Onasanya noted that “With over 600 branches and thousands of business partner outlets in strategic proximity to the people, coupled with over 1,500 ATMs including cash deposit ATMs, cardless and biometric ATMs, over 5million active accounts and more than 1,200 Point of Sale terminals, FirstBank has always been at the forefront of innovative financial services solutions.
The partnership between the two industry heavyweights is set to compete with other strategic partnerships in the industry such as GTBank’s recent partnership with MTN.
For more on mobile money in Nigeria, read Mobile money experts converge in Lagos for MobileMoney West Africa summit