eNaira Will Support Ussd Beginning Next Week

0
43
Bitcoin

Nigerians will be able to open an eNaira wallet and conduct transactions starting next week by simply dialing a specific USSD code from any phone.

Nigerians will only need to dial *997 from their phones to complete these transactions.

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), stated these at the Grand Finale of the 2022 eNaira Hackathon in Abuja.

“Nigerians, both banked and unbanked, will be able to open an eNaira wallet and conduct transactions by dialing *997 from their phones,” he says.

“Shortly after this, both merchants and consumers with bank accounts can use the NIBSS Instant Payment (NIP) to transfer and receive eNaira to any bank account”.

Read also: Nigeria Tops the List as Most Cryptocurrency-Obsessed Nation Despite Market Crash

“This will further deepen the integration of the eNaira with the existing national payment infrastructure”.

The CBN Governor reiterated his “promise to increase the level of financial inclusion in the country” because the eNaira, like the Naira, is expected to be available to all Nigerians. And would open up new avenues for bringing the unbanked into the digital economy.”