FastCash, a fast-growing instant loan platform in Nigeria launched by First City Monument Bank, has disbursed N59 billion in loans through its digital platform.
A statement said all the loans disbursed by the platform were worth N59 billion and had helped clients from different walks of life meet urgent financial needs and achieve their short-term goals.
He said this step was particularly important because of its benefits for financial inclusion.
"Each FastCash loan closes the access to finance gap in Nigeria and ensures the well-being of a Nigerian household," the statement said.
Commenting, Division Head, Personal Banking at FCMB, Mr. Shamsideen Fashola said, "The level of trust placed in FastCash by our customers is humbling.
"We will continue to improve this product to deliver an exceptional customer experience. The success we have achieved so far demonstrates our commitment at FCMB to supporting our clients with convenient and accessible fintech products.
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Launched by First City Monument Bank in 2018, the statement said FastCash is a personal digital loan product that makes credit available to existing customers and non-customers of the bank up to N200,000 in less than five minutes.
The statement reads, "Clients can easily access the loan through the new FCMB mobile app.
"In addition to FastCash, FCMB also offers Salary Plus Loan, a consumer credit program available to salary account holders.
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