In what has been touted a major cross-industry collaboration, telecoms giant Etisalat is partnering with First Bank to provide financial services to customers by aligning Firstmonie and Easy Wallet offerings.
A significant partnership between Etisalat and First Bank has been struck. The partnership is set to provide mobile money services by making the first generation bank’s Firstmonie service accessible via the Etisalat EasyWallet SIM application.
The collaboration unites one of Nigeria’s most innovative telecommunications companies with its eponymous first bank and signifies a strong alliance that will advance the cause of adopting mobile payment system as an alternative financial platform for transactions in Nigeria. The alliance will promote the use of First Bank’s Firstmonie mobile money payment service through Etisalat’s EasyWallet service that can be found on Etisalat’s SIM services menu.
Speaking on the partnership between the two firms, Director of Business Segment at Etisalat, Lucas Dada, said that the partnership between the firms would serve to provide increased value to customers of both companies through wider-reaching, better quality services guaranteed through the groundbreaking collaboration.
He stated that EtisalatEasyWallet was a leader in mobile money services with its superior security, reliability and convenience with which subscribers could carry out transactions such as Airtime top-ups, peer-to-peer transfers and payment of bills right from their handheld devices.
The development, he added, would also go a long way in supporting the burgeoning Small and Medium-Scale Enterprise (SME) sector in the country by providing them a platform to execute their critical financial transactions most efficiently and help bring out greater financial integration of SMEs with all sectors of business. He revealed that Etisalat’s partnership with First Bank continued the company’s record of being the first to coordinate services with prominent banking firms and other unaffiliated mobile money operators such as Pagatech.