FirstBank launches virtual payment card, a boost for electronic banking

THE First Bank of Nigeria has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card, which customers can either link to their operative account or wallet account.

This was made known in a statement signed by the Group Head, Marketing & Corporate Communications, Folake Ani-Mumuney.

According to the statement titled, ‘Firstbank Begins The Year With An Innovative, Convenient Virtual Payment Card’, the 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 their cards using its featured block and unblock capabilities; PIN Reset; Change PIN as well as view statement at one’s convenience.

The card also enables diaspora customers spend from their FirstBank accounts within the spend limit advised by the bank without the need for a physical card.

The launch of our Virtual Payment Card is yet another secure and seamless way we promote electronic banking, whilst enabling customers to carry-out their transactions on the web,” the Bank’s Deputy Managing Director, Mr. Gbenga Shobo, said.

“The Virtual Payment Card is also designed to guard against the spread of the COVID-19 as it does not require physical interaction between the customer and FirstBank Branches. We enjoin our customers to download the application and stay ahead in modern banking.”

The Virtual Payment Card can be created via the Bank’s leading digital channels; FirstMobile or Firstmonie Wallet applications without visiting any branch of the bank. Customers can download the card, activate the card and consummate transactions all at once from the comfort of their homes/offices.

Customers were advised to update their mobile application to the latest version, then select Card Services on the FirstMobile App and My Virtual Card application to create a Virtual Card at the cost of N215 (VAT Inclusive).

It can be recalled that the FirstBank recently launched the FAST Track ATM, the next generation ATM and first of its kind in Africa, which was designed to promote financial activities on the ATM without any form of physical interaction with the machine.