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Things You Should Know About eNaira

Things You Should Know About eNaira

The eNaira is a new digital currency created and regulated by the Central Bank of Nigeria.

According to NAIRAMETRICS, the eNaira functions as a medium of exchange and a store of value and provides users with quick, secure, and easy transactional options. Jamb Result

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You can send, receive and spend your eNaira from your eNaira wallet without charges.

NAIRAMETRICS reports that with eNaira, users can make contactless payments by scanning a QR code.

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The eNaira user wallet called the “eNaira Speed Wallet” is a fast and convenient way to conduct financial transactions. The eNaira has both the user and merchant app available for android and iOS. This app has over 50,000 installs on Playstore.

How to use the eNaira speed wallet

  • Download eNaira Speed Wallet from your Google Play Store or Apple App Store.
  • Select your bank from the list of banks provided.
  • Input the following details: First Name, Last Name, Date of Birth, State of Origin, and Email. ( Note that the details must be the same you used during BVN enrolment).
  • Fund your eNaira Speed Wallet through your banks’ mobile app and start receiving, sending, and managing your digital currency.

According to NAIRAMETRICS, the eNaira speed merchant wallet is designed for business purposes as it offers a convenient way to receive money.

To sign up as a merchant, you need a tax identification number, bank account number, Valid email address and
Phone number.

As reported by THE GUARDIAN, the following are 12 things to note about the digital currency, eNaira;

  • It has a unique identity and security structure.
  • It is exchanged peer to peer.
  • It is universal – anybody can hold it.
  • It does not yield any interest.
  • It is a digital storage that holds the eNaira. It is held and managed on a distributed ledger.
  • It can be used for remittance which includes cheaper diaspora remittance option.
  • It is traceable, hence, fraudulent activities can be traced.
  • It can be used for both international and local trade. Information Guide Nigeria
  • To resolve failed transactions, Reach out to the customer support of the bank you selected when registering for eNaira through their available channels which include: phone, email, WhatsApp, etc. If issues are not resolved within 48 hours, send an email to CBN’s eNaira Customer Support via [email protected]
  • Payments can be made by scanning QR codes.
  • You can monitor your e-wallet activities.
  • To create an e-wallet account, for smartphone users, download the eNaira app (termed “Speed”) from either the Google Play Store or Apple Store and complete the registration process. For feature phone users, utilize USSD codes and follow the registration prompts.

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

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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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