CBN Enhances eNaira with NFC Upgrade for Contactless Payments in Nigeria

DATE: Tue, Apr 29, 2025
PUBLICATION: Forbes India

This article discusses the Central Bank of Nigeria's (CBN) introduction of an NFC upgrade to boost the eNaira and facilitate seamless and contactless payments in the country. This move by the CBN is aimed at spearheading digital transformation in Nigeria. The upgrade enables users to make payments without physical contact, promoting hygiene and convenience. The CBN's initiative aligns with global trends towards digital and cashless transactions. The article highlights the significance of this upgrade in the context of Nigeria's growing cryptocurrency market.