Nigeria’s Central Bank digital currency (CBDC) has been extended to feature phone users with the unveiling of the USSD channel of eNaira.
President, Balogun Business Association, Oscar Ikechukwu ; member eNaira project giant team, Central Bank of Nigeria, Otaru Abdulkadir; founder, BULLNET Bulletin and Enquiries Networking Services, Bayo Akintoye and co-founder, Deji West during a media parley on eNaira eNhanced Services in Lagos…yesterday PHOTO: AYODELE ADENIRAN
He described the service as a game changer in the implementation road, saying it will enable users to cash out through the automated teller machine without necessarily the use of account debit cards. “Users can also transfer eNaira from one wallet to another simply by putting in the recipient’s phone number. This service also makes it possible for users to cash out by sending the eNaira directly from their wallets to an ATM and withdrawing the cash equivalent without need of a bank account or bank cards.”
“The eNaira extension workers can buy and register SIMs and help customers that don’t have phones already to operate the wallet, even on their phones in case the customers are not able to buy their own phones. They can help them to keep physical ledgers for eNaira transactions in places, where there are no mobile services or network, ”he said.
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