e-Naira finally goes live as all financial institutions integrate the Nigerias first digital currency on their mobile and web platforms
The long awaited first digital currency in the Sub-Saharan region, the eNaira, has just been gone live on all bank apps and web platforms in Nigeria.
Most of the banks are planning a gradual implementation of the CBN’s “project giant” with the view of improving the system before all full implementation.
Zenith Bank, Nigeria’s biggest financial institution has integrated the eNaira on its portal with highlights of key benefits that the eNaira bring to customers and the economy in general. Some of these benefits includes;
1. Cheap, fast and reliable transactions.
2. Improved economic activities.
3. Inclusion of the excluded people in the banking system.
4. Supports digital economy.
5. Ease of providing social interventions to people.
6. Improved effectiveness of monetary policies.
7. Ease of tax remittance and collection.
