First Bank of Nigeria Limited, through its mobile payment solution, FirstMonie, says it has gone into partnership with the United Nations Children Education Fund (UNICEF) Health Scheme in its payment disbursement plans.
The move, according to the bank, was to ensure that funds get to recipients securely and conveniently irrespective of their locations.
The partnership will see FirstMonie support the UNICEF Health Scheme Initiative through its payment disbursement services and redemption related issues to its Volunteer Community Mobilisers (VCMs) as well as their consultants across the nation.
A statement from the head of marketing and corporate communications, First Bank, Mrs. Folake Ani-Mumuney said FirstMonie enables a subscriber send and receive money, pay bills, buy airtime, and make sundry purchases in Nigeria without owning a bank account. The platform, she went on to say, supports wealth creation by providing opportunities for thousands of entrepreneurs across the nation as well as financial inclusion through the provision of banking services for the unbanked and under-banked.
Ani-Mumuney said the FirstMonie platform, which facilitates the entry of the unbanked and under-banked population into the financial system, offers an excellent medium for UNICEF to disburse funds securely to beneficiaries across the nation
First Banks citizenship ideals drive our involvement with issues that enhance socio-economic development and we are delighted to be partnering UNICEF through FirstMonie in providing a mobile payment solution that supports the drive for education of the host communities in the eradication of the polio virus from Nigeria, she added.