Cashless policy: FCMB, NetPlus sign e-payment agreement

First City Monument Bank Limited and NetPlus have signed an electronic payment agreement that will lead to the provision of e-business settlement support for merchants and other interests in the country.

NetPlus, an indigenous e-commerce and e-payment company, had earlier in the year introduced a payment gateway, which leverages Internet banking profiles of users for online transactions, according to a statement by the lender.

Following the agreement, the FCMB in the statement said it had integrated its Internet platform into NetPlusPAY in order to provide a full settlement solution for merchants on the platform irrespective of their acquiring bank.