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CBN, PSPs, Fintech Partner To Deepen Adoption Of eNaira By Nigerians

CBN, PSPs, Fintech Partner To Deepen Adoption Of eNaira By Nigerians

The Central Bank of Nigeria (CBN), Payment Service Providers (PSPs), and a large community of fintech groups, have decided to partner together to ensure more adoption of the recently launched Central Bank Digital Currency (CBDC), eNaira. Information Guide Nigeria 

This was disclosed by CBN director, information technology department Mrs Rakiya Mohammed at the licensed PSPs engagement session held at the Radisson Blu Hotel in Lagos yesterday.

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According to LEADERSHIP, Mrs Rakiya Mohammed pointed out that the CBN was neither competing with the Deposit Money Banks (DMBs) nor other actors in the Nigerian payment system environment.

According to her, the engagement was in continuation of the Bank’s strategy to bring all stakeholders on board in what she described as a journey.

LEADERSHIP reports that Mrs Mohammed said the CBN was open to suggestions and innovation aimed at adding value to the eNaira and improving the user experience.

She admonished the licensed PSPs to create additional use cases for the eNaira and tasked licensed PSPs to create additional products and services across the full spectrum of the financial system using eNaira.

Mrs Mohammed added that the full implementation of the eNaira, which began with the onboarding of banks, would include culminating in offline eNaira payments solutions, cross-border payment, and interoperability of the eNaira with those of other Central Banks. Jamb Result

According to LEADERSHIP, representatives of the different stakeholder groups welcomed the introduction of the eNaira and expressed support for its adoption and use.

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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