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FCMB Eases Transaction Charges, Introduces E-bills Payments

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Tired of incurring extra charges when customers deposit large sums of cash into your account?
First City Monument Bank, one of Nigeria’s leading financial institutions, has now introduced FCMB E-bills payments.

Source reports that, with FCMB E-bills payments, you can now enjoy charges as little as N100 for each transaction.

FCMB, a member of the Open Banking Nigeria, an industry-focused non-profit body facilitating the advocacy, development and adoption of a common standard for open Application Programming Interface within the Nigerian financial ecosystem, recently formally joined more than 50 other individual and corporate members across the financial industry, including banks, fintechs, financial consultants, global customer service leaders, among other stakeholders as an integral part of Open Banking Nigeria.

Open banking, a concept aimed at enhancing the capability of operators in the financial industry and allied institutions to drive and deepen innovation through access to more customer-authorised information and data.

In Nigeria, it will result in far greater end-users satisfaction, help the various stakeholders thrive, boost collaboration and inspire more innovation.

In addition, the adoption of the concept would create a new data sharing infrastructure among financial institutions, which will go a long way towards enriching the range of services and products that would emerge from operators.

First City Monument Bank is a member of FCMB Group Plc, one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments.

With a clear understanding of its market and environment, the Bank has successfully transformed to a retail banking and wealth management led group.

It has also continued to distinguish itself through innovation and the delivery of exceptional services, while enhancing the growth and achievement of the personal and business aspirations of customers.

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