Clickatell to Boost eNaira Acceptance With *997# Short Code

By Adedapo Adesanya

One of Nigeria’s financial technology companies, Clickatell, has collaborated with the Central Bank of Nigeria (CBN) to launch a USSD channel for eNaira, the country’s Central Bank Digital Currency (CBDC), as part of the country’s drive to make basic banking accessible to all Nigerians, ultimately driving financial inclusion.

The eNaira was launched in October 2021 when President Muhammadu Buhari said Africa’s first central bank-backed digital currency would help boost remittances, foster cross-border trade, and help his government make welfare payments more easily.

With financial inclusion at the heart of the eNaira goals, President Buhari also said that he believed the CBDC would increase the gross domestic product (GDP) in the country by $29 billion over the next 10 years.

Speaking on this, Ms Uzo Nwani, Clickatell Commercial Director, West Africa, said, “Introducing the USSD short code allows non-banked Nigerians, many of whom do not…

Report

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments