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Flutterwave launches eNaira payments for businesses in Nigeria

The Central Bank of Nigeria-issued digital currency known as eNaira is now supported by Flutterwave merchants for payment processing. This is consistent with Flutterwave’s dedication to offering the greatest payment experience to businesses worldwide.

The eNaira has been added to the extensive variety of payment methods offered by Flutterwave. The eNaira payment option can now be enabled by merchants for collection from customers via Checkout and API. Flutterwave stated on Wednesday that businesses utilizing the platform may now accept eNaira payments from clients, which would be seen as a success for Nigeria’s central bank digital currency (CBDC).Information Guide Nigeria

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The eNaira payment option can now be made available to clients of Flutterwave merchants on their dashboard. Users can use the app to create one-time tokens or scan QR codes to conduct transactions on Flutterwave. Despite there being about 55 million bank accounts in the nation, according to the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, only about 700,000 people have opened an eNaira wallet since it first launched in 2021.JAMB Result

The CBN has made the digital currency accessible to those without bank accounts as Nigeria enters the second phase of the eNaira programme. The information that Flutterwave will support eNaira payments opens up yet another chance for the technology to become popular among Nigerian consumers.

Check and Confirm: How much is Dollar to Naira today  Pounds to Naira today


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Emediong Silver

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

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