FBN QR Payment


QR Code Retail Payment is a solution which enables payments to merchants by scanning of the displayed QR Code using a mobile banking App linked to any of the two major networks – Visa and MasterCard.

Simply, First QR is a simple, secured, convenient and innovative payment mode usable by scanning a QR (Quick Response) Code using mobile banking app on phones with a mobile camera or via NFC (Near Field Communication) tags.

  • Simple: Your customers only need to scan, pay and go
  • Secure: Get direct payment into your FirstBank account
  • Efficient: Accept payments 24/7


  • Interested merchant visits the branch to complete an enrolment form after which a QR Code is generated with the account details embedded. The form is also available on firstbanknigeria.com
  • To consummate a transaction at merchant location, customers are to launch their mobile banking app and select QR Payment; Visa QR, Masterpass or Paycode.
  • Customers open the mobile app and select “Pay with QR Code.
  • Customers scan the displayed QR Code at the merchant location, the merchant detail is captured, transaction amount is entered and PIN verified on the mobile app.
  • After successful authorization, debit is passed to customer account and credit to merchant account.
  • Customers are notified at the end of each transaction while merchants will also get a push message as well as a summary transaction report on the merchant app.

Benefits to the Merchant;

  • Wider acceptance: Merchants can receive payments if cash and debit/credit cards are not available
  • Flexible settlement cycles (Instant/Consolidated)
  • Detailed transaction reporting
  • Increased security of payments
  • Reliability

Benefits to the Customer;

  • Convenient way to make payments
  • Increased security of payments
  • Reliability
  • Increased speed of transaction

FBN QR is designed for Micropayment hence, most payments are retail based. The target market for this product includes:


  • Religions Organizations: e.g. Churches, Mosque and other places for payments of tithe, offerings, etc.
  • Retail Stores: e.g. Supermarket, Grocery Stores, Chain Outlets, Pharmacies, etc.
  • Eatery and Entertainment Outlets E.g. Restaurants, Eateries, Bars & Lounges
  • Movie Entertainment: Film House, Cinemas etc.
  • Education Sector: Privates Schools, Tertiary Institutions
  • HealthCare Sector: Hospitals, Clinics, Care Centers or Homes
  • Luxury and Indulgence: Spa, Beauty Salon, Hair Salon, Fashion shops
  • Lodging: Hotels & Motels
  • Delivery Outlets
  • Service providers that receive payments

A Merchant Service Charge of 0.75% applies to each transaction.

No charge however to customers/payers