FCMB partners Parkway to deploy Nigeria’s first electronic invoicing presentment and payment service – cashflow®, targeted primarily at SMEs.
First City Monument Bank
FCMB is a large financial services provider in Nigeria, offering retail banking, corporate banking and investment banking services to large corporations, small and medium enterprises, as well as individuals.
As of December 2011, the bank’s total assets were valued at US$$3.65 billion (NGN:593.3 billion), with shareholders’ equity of approximately US$772.2 million (NGN:117.4 billion). For 2012 revenue was US$72 million (NGN: 11.9 billion) and total assets was US$3.7 billion (NGN:614.2 billion)
COUNTRIES OF OPERATION
United Kingdom and all 36 states of Nigeria
Enugu State University Teaching Hospital (ESUTH), University of Nigeria teaching Hospital (UNTH) etc.
Case Study – Cashflow
Cashflow® is a feature rich electronic invoice presentment & payment service, targeted primarily at SMEs. It aims at aiding SMEs send out invoices, receive payments against invoices, tie received payments to an order and on the whole help manage their payments and receivables.