eNaira

How To Download eNaira App And Register

79 / 100

eNaira is the Nigerian digital currency that is issued and regulated by the Central Bank of Nigeria.

Its functionality delivers speedy, safe, and simple trading and transactional opportunities to customers and end-users

Your eNaira wallet offers a great way of making purchases with retailers on-site, transferring or sending money while tracking rewards programs.

While efforts will be made to put signages and decals at designated merchant locations, customers can simply ask the merchants if they accept eNaira.

The eNaira and Cash are all variants of the legal tender. Either or both can be used to carry out transactions as the situation demands

In order to move cash into your eNaira wallet, kindly go to your bank.

You can link the e-wallet to your bank account or pay as you go with a prepay option. In addition, the embedded security token system makes your information unreadable to fraudsters because tokens are randomly generated every time you make a payment.

Also Read: MTN Gh Free Internet 2021-2021

eNaira Is

It is exchanged peer to peer.

It is universal – anybody can hold it.

It does not yield any interest.

To sign-up on the eNaira speed wallet, you would be required to input the following details exactly as captured during your BVN enrollment.

First Name, Last Name, Date of Birth, State of Origin, and Email

Your Banks are waiting to assist you in validating and updating your BVN details to ensure seamless enrolment to the eNaira Platform.

eNaira Have Different Customer Tiers

Tier Zero – Customers without Existing Bank Account and without Verified NIN

Minimum Account Opening Requirement: Phone Number

Daily Transaction Limit: N20,000

Maximum Cumulative Daily Balance: N120,000

Tier One – Customers without Existing Bank Account

Minimum Account Opening Requirement: NIN

Daily Transaction Limit: N50,000

Maximum Cumulative Daily Balance: N300,000

Tier Two – Customers With Minimal Spending Abilities

Minimum Account Opening Requirement: BVN

Daily Transaction Limit: N200,000

Maximum Cumulative Balance: N500,000

Tier Three – Customers With Regular Spending Abilities

Minimum Account Opening Requirement: BVN

Daily Transaction Limit: N1,000,000

Maximum Cumulative Balance: N5,000,000

The Fourth Customer Tier (The Merchants/Business Tier)

Tier Four – Customers with regular spending abilities

Minimum Account Opening Requirement: Full KYC as stipulated in the CBN’s AML/CFT Regulations

Daily Transaction Limit: N1,000,000

Maximum Cumulative Balance: Unlimited

eNaira Account Opening Steps For individual

Download eNaira app.

Enter minimum identification details (i.e., NIN, BVN, or KYC/AML Information, depending on the customer tier you are).

Enter other identification details (i.e., Name, Place and Date of Birth, Phone Number, Passport Photograph, Email and Password).

Minimum ID is validated.

You receive an email to activate your wallet.

Log in to account

eNaira Account Opening Steps For Business

Merchant downloads eNaira Mobile App.

Enters invitation code from bank and validates it.

Enters minimum identification details (i.e., Full KYC as stipulated in the CBN’s AML/CFT Regulations).

Enter your TIN (Tax Identification Number).

TIN is verified, entes other identification details (i.e., email, password, Business Category, Legal Business Name).

Financial Institutions verifies application.

eNaira wallet created and activated.

Merchant and Financial institution receives notification.

MDAs Onboarding to eNaira Wallet

MDA Downloads App.

Login with MD code.

Enter account (TSA/T24 Account).

eNaira wallet created awaiting verification from CBN.

CBN verify and notify MDA.

MDA proceed to top up.

Leave a Reply

Your email address will not be published.

1 × 1 =

Back to top button