eNaira becomes USSD enabled from next week

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eNaira becomes USSD enabled from next week

Nigerians will be able to open an eNaira wallet and conduct transactions starting the following week by merely using a specific USSD code on any phone.

The only thing Nigerians will need to do to complete these transactions is dial *997# from their phones.

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These were said by Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), at the 2022 eNaira Hackathon’s Abuja Grand Finale.

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He stated: “Both banked and unbanked Nigerians will be able to open an eNaira wallet and complete transactions by simply dialling *997 from their phones.

 

Following that, anyone with a bank account can send and receive eNaira to any bank account using the NIBSS Instant Payment (NIP) system.

The eNaira’s integration with the current national payment infrastructure will be strengthened as a result.

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As with the Naira, the eNaira is anticipated to be available to all Nigerians, so the CBN Governor reaffirmed his “promise to increase the level of Financial Inclusion in the Country.”

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Additionally, it would open up more opportunities for including unbanked people in the digital economy.

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