By Dike Onwuamaeze

Five major Nigerian banks have teamed up to make electronic payment system easier and more enjoyable with the launching of the Unified Payments’ electronic money transaction scheme known as PayAttitude. PayAttitude is conceived to give impetus to the Central Bank of Nigeria’s (CBN)’s Financial System Strategy 2020.

The banks are First Bank of Nigeria Plc (FBN), Zenith Bank, Access Bank, Diamond Bank, Skye Bank and United Bank for Africa. PayAttitude enables its subscribers to make mobile payment for goods and services at merchant locations at all times, notwithstanding the challenges of telecommunication or unavailability of network in the merchant’s bank or the customer’s bank. With this solution, transactions are authorised offline up to the value of the customer’s mobile wallet subscription with the bank.

The GMD/CEO, First Bank, Bisi Onasanya, who spoke at the official launch of the product, affirmed that Unified Payments and PayAttitude would redefine the domestic payments ecosystem that had been plagued by numerous challenges. According to him, First Bank is working to constantly provide dynamic and relevant solutions that will improve the lifestyle of its customers while ensuring the safety and security of their funds.

He noted that with the developments in the electronic money industry, it has become imperative for the payments industry to look inward for a solution that will guarantee successful retail payments of PoS terminals without depending on where online real-time communication is not required between the acceptance of the device and the customers’ accounts in the bank.


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