CBN Applauds Remita’s Usage Of e-Naira For Transaction

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has commended Remita, Nigeria’s leading fintech platform, for pioneering the usage of eNaira for payment transactions.

The Remita eNaira initiative is the outcome of the CBN’s efforts to collaborate with leading fintech and banks to ensure that the benefits of Nigeria’s digital currency are speedily realised.

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CBN Applauds Remita's Usage Of e-Naira For Transaction
CBN Applauds Remita's Usage Of e-Naira For Transaction
CBN Governor, Mr Emfiele

Emefiele, speaking at the 286th Monetary Policy Committee (MPC) briefing, acknowledged that efforts were ongoing to promote the adoption of Nigeria’s digital currency.

The CBN Governor, went on to commend Remita for its pioneering role in promoting the use of eNaira for everyday use by citizens and businesses. Speaking at the event, He said: “Today, I am aware that people can use our eNaira on to make purchases. You can pay for your DSTV subscriptions using eNaira, you can pay government bills, you can buy airtime and you can conduct a whole lot of transactions, using our eNaira.”

Remita is the first fintech company in Nigeria to provide multiple use cases for the eNaira as it allows users make and receive payments for diverse services and products. With a wide footprint in providing utilities vending and payment services to thousands of SMEs, private and public sector organisations

Remita has the potential to provide a major boost for the use of the digital Naira in Nigeria and beyond. With the introduction of the eNaira across all Remita touch points such as web, mobile, and agent locations, payers can now select eNaira as their preferred payment option for electricity token, airtime, data, cable TV subscription renewal, JAMB/WAEC/NECO forms and results checker, as well as payments to federal, state, and local governments across Nigeria.

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The eNaira payment option also features on the Remita payment gateway, which is available to integrating partners, fintechs, and banks. The Remita eNaira initiative offers the CBN a unique opportunity to practicalise the usage of eNaira as part of its efforts to deepen the digital currency’s adoption through the fintech ecosystem.

Mr Emefiele, disclosed at the briefing that the apex bank was also in talks with one of the major licensed telcos to drive the adoption of the digital currency by the unbanked population.


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