eNaira has completed N188 million worth of transactions – CBN

On the eNaira platform, the Central Bank of Nigeria (CBN) has recorded over 34,000 transactions over N188 million.

Last Friday, the CBN Controller, Enugu branch, Ch’Edozie Okonjo, announced this during the Enugu State branch of the Chartered Institute of Bankers of Nigeria’s 2021 Annual Bankers Dinner and Lecture.

According to Ch’Dozie, the advent of the COVID-19 pandemic has accelerated the global shift to virtual events and contactless payments.

Since the debut of the e-Naira platform, there has been a flood of interest and positive response from Nigerians and other parties all over the world, according to Ch’Edozie Okonjo.

He said,

“So far, we have recorded over 583,000 consumer wallets and about 83,000 merchant wallets downloads, with downloads occurring in over 160 countries (per Google Play Store and Apple Store data). We have also recorded over 34,000 transactions amounting to over N188 million. These numbers suggest the adoption rate has been excellent.”

He claimed that the world had not yet returned to its old regular system, arguing that the pandemic had hastened the transition to a more digital environment, citing the global payment system as an example.

While cash usage was declining both locally and globally, he noted, digital payments were increasing, prompting the development of the eNaira, Nigeria’s digital currency.

He said,

“The eNaira was launched to improve access to finance for individuals and businesses through digital channels to improve financial inclusion, lower the cost of transactions, and increase the flow of credit to households and businesses.”

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Written by Babatunde Okerayi

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