The Central Bank of Nigeria issues and regulates the eNaira, a Nigerian digital currency. When compared to cash payments, it serves as both a medium of exchange and a store of value, providing better payment prospects in retail transactions.
Bank customers can now easily transfer money from their bank account to their eNaira wallet using the unified payment system.

Bank customers can make contactless payments in-store by scanning QR codes with their eNaira wallet.

Customers can manage their bank accounts by monitoring their eNaira wallets, checking balances, and viewing transaction history.

Peer-to-Peer (P2P) Payment: Allows users to send money to each other using a linked bank account.

Money Sending/Receiving: Customers can now send and receive money more quickly, easily, and at a low cost.

Benefits Of eNaira

There are several benefits of eNaira which includes individual and business/corporate benefits.