eNaira hits 905,588 total downloads

TECHDIGEST – The Central Bank of Nigeria (CBN) has stated that the eNaira application has so far recorded a total of 905,588 downloads. However, only 282,600 are currently active.

This was revealed by the governor of the CBN, Mr. Godwin Emefiele,  at Tuesday’s Monetary Policy Committee (MPC) meeting.

Emefiele also announced that about 13,136 wallets had been downloaded via the unstructured supplementary service data (USSD) route, which was introduced less than a month ago.

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He said, “So far, 905,588 people have downloaded the app, with 282,600 of them currently active. So far, transactions have exceeded 1.49 million worth over N3.484 billion, with the breakdown as follows: 78,115 consumer-to-bank transactions worth about N1 billion, 90,760 bank-to-customer transactions worth N945 million, 35,800 consumer-to-consumer transactions worth about N480 million, and 171,000 consumers to merchant transactions worth over N387 million.”

Emefiele also highlighted the recent success of the USSD  linkage to eNaira. He said, “13,136 wallets have so far been created via the USSD channel – that was the channel we introduced about three-four weeks ago and we are happy that progress has since been made’’.

He also stated that Nigerians have increased their use of eNaira for online transactions. He added, “For e-commerce, we have seen a 9.946 percent increase between July and September, and this remains very encouraging. We believe the eNaira is an alternative to you holding an analogue naira and so it is very convenient.”

 

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