The Managing Director and CEO of First Bank of Nigeria, Adesola Adeduntan, has reiterated the leading role of the bank in promoting digital banking and financial inclusion, saying that the bank has several million customers on its USSD *894# and mobile platforms.
“FirstBank by any measure has been a success story as far as digital banking is concerned. Today, we have more than 8.5million people on our USSD *894# banking platform, more than three million people on our Firstmobile platform.”
Adeduntan was speaking at a seminar organised by the bank and sub-Saharan African banking and telecom regulators to promote financial inclusion through digital innovations in sub-Saharan Africa.
Themed Advancing ePayment and Digital Innovations in Africa- Evolution of Nigeria’s Payment Systems, the event was organised to provide key officers of regulatory authorities in locations where FirstBank subsidiaries operate. These include Ghana, Senegal, DRC, Gambia, Sierra Leone and Guinea.
“It is a platform to get familiar with developments in the Nigerian payment systems and digital products industry thereon replicating and adopting the lessons from the seminar with a view to bolster the finance industry in their respective countries”, he said.
Key players and regulators in the finance and digital banking ecosystem at the event included Agada Apochi, Managing Director/CEO, Unified Payment Services and Mike Ogbalu, CEO, Verve International.
Others are Musa Jimoh, Deputy Director, Payments System Policy and Oversight, Central Bank of Nigeria; Premier Oiwoh, Managing Director, NIBSS; Bashirat Odunewu, Group Executive, International Banking Group amongst others.