In a bid to promote the cashless policy, First Bank of Nigeria Limited has announced the addition of contactless naira MasterCard to its array of debit cards will promote convenience, ease of transactions and the security of funds.
FirstBank debit cards, according to a statement, are acceptable nationwide and globally, and can be used to withdraw cash and access value-added services including bills payment, airtime recharge, flight and hotel book.
The lender said the contactless card could be used for making payments in the London transport network such as buses, tubes, trams, dock and light Railway and the London Overground as well as in grocery shops, supermarkets and gas stations within London metropolis.
It said the card was designed to enhance a cashless lifestyle by promoting increased card usage for lower value transactions.
According to the statement, payments are made by tapping the card on the POS machine with contactless functions for low-value transactions.
It said, â€œThe daily limits for PIN-less transactions are N3,000 for the contactless naira master card and N10,000 for the contactless Platinum Debit MasterCard.
The lender said, â€œThe FirstBank Verve Debit Card is chip and PIN-secured for greater protection of customersâ€™ funds; provides extra protection for web-based transactions with â€˜Safetokenâ€™; is naira-denominated, and personalised, bearing the customerâ€™s name. It is accepted wherever the Interswitch or Verve logo is displayed and can be used to perform transactions via the Quickteller services menu on FirstBank ATMs.
â€œWith the FirstBank Expressions on Card, customers now have the freedom to design the look and feel of their cards with their most cherished memories and spend with a card that is as unique as them. The card is naira-denominated and is accepted globally for online, ATM and PoS transactions.â€
The bank, according to the statement, also issues the Platinum Naira MasterCard in partnership with MasterCard to enable high net-worth customers to carry out transactions all over the world wherever the MasterCard logo is displayed.