eNaira to be upgraded with bills payment

The Central Bank of Nigeria (CBN) has stepped up its campaign on eNaira, Nigeria’s digital currency, as it said it will before the end of May, introduce payment of bills on the wallets.

Speaking at a sensitisation campaign on the eNaira at the Kairo market in Oshodi, Lagos state in collaboration with Bizi Mobile, the Lagos Branch Controller at CBN, Mr. Bariboloka Koyor, said the USSD code for the eNaira *997# has been launched to make the onboarding of more Nigerians much easier.

He noted that the eNaira wallets will get an upgrade which will allow for the payment of bills such as cable and electricity bills payment as well as flight bookings via the app.

“There is going to be an upgrade on the eNaira speed wallet app that will allow you to do transactions such as paying for DSTV or electric bills or even paying for flight tickets. Also the USSD code *997# is out and it is just for more people to be aware of it and begin to use it.”

On the difference between the enaira and the internet banking services offered by banks, he said “with the eNiara speed wallet, compared to the internet banking that many are used to it is fast and convenient and there are no charges.

“The enaira will be an instrument that will be used going forward by the government to disburse funds that they want to give to alleviate poverty.

“The e-naira is designed with the best Integrated Security Management procedure that will help to mitigate against fraud, so there won’t be any fraudulent transfers and no fraudulent alert and nobody can deceive you with e-naira transactions because it is foolproof, and we are working on it more and more.

“Also to note, it is 100 per cent local and 100 per cent global. It is made in Nigeria and for Nigerians, it can interface with any application and any banking system all over the world, both for individual transactions as well as for corporate transactions.

On his part, the secretary of the Oshodi market traders, Obinna Omeh said, the eNaira will be a relief for traders as it will solve the challenge of unseen alerts, fake alerts and issues of fraud typically seen in the market.

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