FCMB Introduces E-Bills Payments To Ease Transaction Charges

FCMB Introduces E-Bills Payments To Ease Transaction Charges—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.

The Genius Media Nigeria 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, The Genius Media Nigeria reports 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.