FlashDirect, an e-payment solution specifically conceived to revolutionise electronic payment to multiple beneficiaries, is facilitating Nigeria's migration to a cashless society, which is one of the hallmarks of the Federal Government's policy on e-payment.

The product guarantees secure and timely payment to beneficiaries and offers them instant feedback through SMS and e-mail alerts as their accounts are credited.

With FlashDirect, it is all convenience as transactions can be done at ministries, departments and agencies' offices while payment approval can be done any time anywhere by the authoriser. It also gives instant value to customers across the 24 banks; as beneficiaries do not necessarily need to be FinBank account holders.

Apart from the ease of report generation and reconciliation, FlashDirect reduces turnaround time in processing salary payments while eliminating the stress of paper work and sharp practices associated with manual payment processes.

For successful transaction on the FlashDirect, beneficiaries should confirm their most recent account numbers (in their respective banks) and send them to the ministries, parastatals and agencies that in turn prepare payment schedules in the format advised by their bankers.
Already, over 30 government ministries and agencies have keyed into the FinBank's FlashDirect product and the success story has been overwhelming.