FirstBank, Visa Launch Naira Debit Card to Deepen Cashless Transactions in Nigeria

FirstBank, Visa Launch Naira Debit Card to Deepen Cashless Transactions in Nigeria

FirstBank⁠�, in partnership with Visa⁠�, has launched a new Naira Visa Debit Card aimed at expanding access to secure and reliable electronic payment solutions for millions of Nigerians.

The bank said the initiative is designed to support Nigeria’s growing cashless economy by providing consumers with an affordable and widely accepted payment option for everyday transactions.

In a statement released on Thursday, the new debit card was described as a payment solution tailored for routine domestic and international transactions, enabling customers to make payments seamlessly across Point of Sale (POS) terminals, Automated Teller Machines (ATMs), and online platforms connected to Visa’s global payments network.

According to the bank, the Naira Visa Debit Card is expected to ease the transition from cash-based transactions to digital payments by supporting purchases in retail stores, utility bill payments, and online shopping activities.

The launch comes amid ongoing efforts by the Central Bank of Nigeria to promote electronic payment adoption and reduce dependence on cash transactions nationwide.

Speaking on the development, Chuma Ezirim, Group Executive, eBusiness and Retail Products at FirstBank⁠�, said the product was developed to simplify transactions while promoting financial inclusion.

“Everyday transactions should be simple, secure, and rewarding. The Naira Visa Debit Card is designed to make life easier for our customers, whether they are paying for groceries, settling utility bills, or shopping online,” Ezirim said.

He added that the initiative would help more Nigerians embrace digital payments confidently while supporting the nation’s cashless policy objectives.

Also commenting, Andrew Uaboi, Vice President and Cluster Head, West Africa at Visa⁠�, noted that the partnership reflects efforts to build an inclusive and efficient payments ecosystem in Nigeria.

“A strong payments ecosystem is one that works for everyone. The Naira Visa Debit Card extends reliable electronic payment access to everyday Nigerian consumers,” Uaboi said.

He added that the product complements the existing range of Visa card offerings available through FirstBank, including credit and premium lifestyle cards, thereby ensuring that customers across different income levels have access to suitable payment solutions.

The bank disclosed that the Naira Visa Debit Card is now available to eligible account holders through all FirstBank branches nationwide.