First Bank of Nigeria Limited have increased transfer transaction limits on its FirstMobile lifestyle app from N500,000 to a maximum daily limit of N1 million.
According to a statement signed on Monday by the Head, Digital Banking at First Bank, Mrs. Folasade Femi-Lawal, the bank will continue to leverage on evolving technologies to support consumers’ lifestyle.
It stated also that N150,000 could now be transferred through the app to any First Bank account as well as to other banks accounts without the use of a token.
The statement also stated that the new plan is aimed at providing customers with a suite of financial options in a convenient and highly secure environment.
“This development is expected to boost convenience and ease of banking as well as enhance customers’ digital banking experience in line with the bank’s commitment to offer value-added services.
“With the mobile banking app, customers can enjoy real-time mobile banking services, such as domestic funds transfer from self-owned accounts to FirstBank accounts and other banks’ accounts.
“They can also make quick airtime purchase for self and others on all mobile networks; bills payment; cheque services, including confirm cheque and stop cheque; flight bookings.
“The app also allows for quick account services, such as account balance inquiry, statement view and much more.”
First Bank had launched its FirstMobile app as part of its drive to leverage evolving technology in providing cutting-edge banking services to its customers and the mobile banking app which is secure and easy to use, allows users to carry out banking transactions on the go from their mobile phones anywhere in the world.
In December 2016, FirstMobile which was launched in 2015 recorded a milestone in its user numbers with the attainment of 1million active users and over N1.3trillion transaction volume. has been consummated using the FirstMobile app since its launch in 2015.
The Head, Digital Banking at First Bank, Mrs. Folasade Femi-Lawal, said the bank will continue to leverage evolving technologies to support consumers’ lifestyle by providing them with a suite of financial options in a convenient and highly secure environment.
First Bank’s digital innovations were rewarded with awards in 2016 which include the Asian Banker award for Best Mobile Payments and the Global Finance Digital Bank of Distinction award.