Nigerian Central Bank Adds NFC To eNaira For Contactless Payments

By Joseph-Albert Kuuire 1 Min Read

According to a report, Nigeria’s Central Bank has added Near Field Communication (NFC) technology to its CBDC mobile app.

This upgrade enables mobile devices and payment terminals to interact when in close proximity, facilitating convenient and contactless eNaira payments.

Digging Deeper

According to the Central Bank, more capabilities will be added to the eNaira which would limit CBDC payments exclusively to designated government programs, reducing the risk of fraud.

The Bigger Picture

Nigerian launched its eNaira CBDC in 2021 and became of the first African countries to launch its CBDC.

However, adoption has been low and has fallen below expectations.


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Joseph-Albert Kuuire is the creator, editor, and journalist at Tech Labari. Email: joseph@techlabari.com Twitter: @jakuuire
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