The Central Bank of Nigeria has launched the USSD channel of the Central Bank Digital Currency tagged the eNaira on Bullnet platform to boost the usage of the platform.
It was launched in Lagos on Thursday during an event to discuss the cash crunch and how the services introduced by Bullnet on the USSD channel of the eNaira would solve the problem.
During the launch, the Chief Executive Officer, Bullnet Bulletin and Enquiries Networking Services, Bayo Akintoye, said the USSD with the code *997*50#, would soothe the pain felt by Nigerians given the current scarcity of cash as it transitioned from cash-based economy to a cashless one.
He said, “The CBN has collaborated with Chamsmobile Limited (a CBN licensed Mobile Money Operator and Super-Agent) to address challenges faced primarily by the unbanked, the underserved and those on the other side of the digital divide by developing the service known as ‘eNairaeNhanced Services’ via the eNaira USSD channel (*997*50#) which is fully run and powered by the patented Bullnet Platform. “It is expected that Nigerians will proudly associate with this innovation and register to have the eNaira wallet.
These wallets can be funded directly with cash-purchased vouchers (like the GSM recharge cards) or from funded bank accounts using bank cards via the web portal or using electronic payment with any authorized agent.
