Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added

photo 2022 05 10 19 18 57 Yfj98y

The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for utilities like pay television and for topping up airtime. The addition of the unstructured supplementary service data (USSD) functionality to the wallet app means people without bank accounts will be able to make payments using the CBDC.
The Update Process
The wallet app for Nigeria’s central bank digital currency, the e-naira, is set to undergo an update that will see users being able to pay for regular utilities like pay television and airtime top-up, an official with the bank has reportedly said.
According to a Nairametrics report that quotes the official — Yusuf Abdul Jelil — the Central Bank of Nigeria (CBN) will initiate the upgrade process by sending a message to users asking them to update the wallet app. Designated the CBN’s e-naira presentative, Jelil made the remarks while attending an event at Kairo Market in Oshodi, Lagos.
“Any momen

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