Facebook Twitter LinkedIn RSS
    Trending
    • Konga launches exclusive 30-day Starlink promo and free nationwide delivery
    • Pre-orders Samsung Galaxy Z Fold7 and Flip7 Series on Konga
    • Facebook targets unoriginal content to boost authentic creators
    • Why trust is the real currency in Nigeria’s digital asset market – By Emelia Sunday-Edet
    • Nigeria: TikTok removes 3.6 million videos over community guidelines violations
    • NEWMARK partners PRGN to host World PR Day event in Lagos
    • Tribute to late former President, Muhammadu Buhari GCFR
    • deVere Group predicts Bitcoin to hit $125K amid surging political and regulatory support
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»Clickatell inks deal with CBN for effective eNaira banking services
    News 2 Mins Read

    Clickatell inks deal with CBN for effective eNaira banking services

    mmBy ITPulseSeptember 20, 2022
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    eNaira, Clickatell
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A Chat Commerce leader, Clickatell has sealed a deal with the Central bank of Nigeria (CBN) to launch a USSD channel that will deliver cost-effective eNaira banking services to all Nigerians, which will ultimately speed up financial inclusion in the country.

    According to Clickatell, the new USSD channel will allow Nigerians to use the *997# short code to create their eNaira wallet. Once this is done, they can easily check balances and transfer funds, as well as safely buy airtime or data for themselves or friends and family.

    “Introducing the USSD short code allows non-banked Nigerians, many of whom do not have smartphones, to access cashless banking services and is a big win for the stated goals of delivering meaningful financial inclusion. Clickatell’s role in making this a reality has been one of the most important achievements of our engagements in Nigeria,” said Uzo Nwani, Clickatell Commercial Director, West Africa.

    Unstructured Supplementary Service Data or USSD is a communications protocol that is supported by 99% of GSM handsets.

    The eNaira was launched in October 2021 when the Nigerian 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.

    Also commenting, CBN Deputy Governor Economic Policy, Dr. Kingsley Obiora, said the USSD channel is a vital part of Nigeria’s journey towards realizing its financial inclusion vision. “We see the eNaira as a leap forward in the evolution of money. Thus, CBN is working with partners who are committed to taking advantage of this new technology for continuous innovation towards delivering exciting new features,” he said.

    The Central Bank of Nigeria will be counting on the USSD channel to make rapid inroads toward getting most of the 30% of unbanked Nigerians into the formal banking system, where the majority of the citizens are leveraging feature phones.

    Clickatell eNaira
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    Konga launches exclusive 30-day Starlink promo and free nationwide delivery

    July 16, 2025

    Pre-orders Samsung Galaxy Z Fold7 and Flip7 Series on Konga

    July 16, 2025

    Facebook targets unoriginal content to boost authentic creators

    July 16, 2025

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    Konga launches exclusive 30-day Starlink promo and free nationwide delivery

    July 16, 2025

    Pre-orders Samsung Galaxy Z Fold7 and Flip7 Series on Konga

    July 16, 2025

    Facebook targets unoriginal content to boost authentic creators

    July 16, 2025
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    Konga launches exclusive 30-day Starlink promo and free nationwide delivery

    July 16, 2025

    Pre-orders Samsung Galaxy Z Fold7 and Flip7 Series on Konga

    July 16, 2025

    Facebook targets unoriginal content to boost authentic creators

    July 16, 2025
    Popular Posts

    Why trust is the real currency in Nigeria’s digital asset market – By Emelia Sunday-Edet

    July 16, 2025

    NEWMARK partners PRGN to host World PR Day event in Lagos

    July 15, 2025

    The $200 billion quest for reliable electricity, By Elvis Eromosele

    July 9, 2025
    © 2017 - 2025 Itpulse. Designed by Max Excellence.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.