Adoption of eNaira disappointingly low - IMF - Punch Newspapers

“Merchant wallet download has reached about 100,000 in end-June, which is about one-eleventh of the number of merchants with Point-of-Sales terminals—which enables credit or debit card payments.”

It added that the average number of eNaira transactions weekly were carried out only by 1.5 percent of downloaded wallets. “The average value of eNaira transactions has been 923 million naira per week—0.0018 percent of the average amount of M3 during this period. The average value per one transaction has been N60,000.”

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