As a way of guarding against the spread of the ravaging Covid-19 pandemic, Firstbank yesterday announced the launch of a truly virtual payment card that allows its customers to make all financial transactions without physically visiting the bank.

The card is designed in such a way physical interaction between the customer and FirstBank Branches is not required. All that a customer needs to do is to download the application and stay ahead in modern banking.

“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 Virtual Payment Card is designed to guard against the spread of the COVID-19 as it does not require physical interaction between the customer and FirstBank Branches,” said Mr. Gbenga Shobo, Deputy Managing Director, First Bank of Nigeria Limited.

The Virtual Payment card is a Naira denominated debit card and digital representation of the plastic debit card, which is designed to be linked to either a customer’s operative account or wallet account. It is a  suitable alternative to the use of cash and cheques, with its wide-range features, which include the ability of cardholders to protect his/her card using the block and unblock capabilities; PIN Reset; Change PIN as well as view statement at one’s convenience.

It also enables diaspora customers to spend from his/her FirstBank account within the spending limit advised by the bank without the need for a physical card. An easy and convenient way of making e-commerce payments amongst other functionalities.

According to FirstBank, the Virtual Payment Card can be created via the Bank’s leading digital channels; FirstMobile or Firstmonie Wallet applications. Customers can download the card, activate the card and consummate transactions all at once from the comfort of their homes/offices. No branch visit is required. Customers are 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).


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