The award is in recognition of the company’s pioneering efforts in providing the first multi-use case for eNaira on its Remita platform.

The recognition formed part of the first anniversary celebration of the introduction of the eNaira.

CBN also singled out Flutterwave, Meemz Dinner, Crystal Plates, and Sahad Stores for recognition.

Aminu Mohammad Abba, Eze Chukwudi, and Abdullateef Abdulsallam were also specially acknowledged for their adoption and use of eNaira as individuals.

President Muhammadu Buhari formally launched the digital currency at the state house in Abuja on October 25, 2021.

Since its launch and deployment, eNaira has yielded key milestones, onboarded various use cases, and created a level playing field for banks, fintechs and other payment system ecosystem players.

Mr ‘Remi Atanda, the Managing Director and Chief Executive Officer of Remita Payment Services Limited (RPSL) commended the apex bank for the organisation of the event to commemorate the first anniversary of the eNaira.

“We are happy that our efforts are recognized by the regulators. We will continue to deepen the usage of the wallet on all our platforms to better serve our customers,’’ Atanda promised.

Remita was the first fintech company in Nigeria to provide multiple use cases for eNaira as it allows users to make and receive payments for diverse services and products.

The apex bank had earlier lauded SystemSpecs for this pioneering effort.

Speaking at the 286th Monetary Policy Committee (MPC) briefing, the CBN Governor, Mr Godwin Emefiele acknowledged that efforts were ongoing to promote the adoption of Nigeria’s digital currency.

He commended Remita for its pioneering role in promoting the use of eNaira for everyday use by citizens and businesses.

“Today, I am aware that people can use our eNaira on Remita.net to make purchases. You can pay for your DSTV subscriptions using eNaira, you can pay government bills, you can buy airtime and you can conduct a whole lot of transactions, using our eNaira.”

With a wide footprint in providing utility vending and payment services to thousands of SMEs, and private and public sector organisations, Remita has the potential to provide a major boost for the use of the digital Naira in Nigeria and beyond.

The Remita eNaira initiative is the outcome of the CBN’s efforts to collaborate with leading fintech and banks to ensure that the benefits of Nigeria’s digital currency are speedily realised.

Speaking at the 286th Monetary Policy Committee (MPC) briefing, Godwin Emefiele, the CBN Governor, Mr. acknowledged that efforts were ongoing to promote the adoption of Nigeria’s digital currency.

He went on to commend Remita for its pioneering role in promoting the use of eNaira for everyday use by citizens and businesses.

Speaking at the event, He said: “Today, I am aware that people can use our eNaira on Remita.net to make purchases. You can pay for your DSTV subscriptions using eNaira, you can pay government bills, you can buy airtime and you can conduct a whole lot of transactions, using our eNaira.”

Remita has distinguished itself as the first fintech company in Nigeria to provide multiple use cases for the eNaira as it allows users make and receive payments for diverse services and products.

With a wide footprint in providing utilities vending and payment services to thousands of SMEs, private and public sector organisations, Remita has the potential to provide a major boost for the use of the digital Naira in Nigeria and beyond.

With the introduction of the eNaira across all Remita touch points such as web, mobile, and agent locations, payers can now select eNaira as their preferred payment option for electricity token, airtime, data, cable TV subscription renewal, JAMB/WAEC/NECO forms and results checker, as well as payments to federal, state, and local governments across Nigeria.

The eNaira payment option also features on the Remita payment gateway, which is available to integrating partners, fintechs, and banks.

The Remita eNaira initiative offers the CBN a unique opportunity to practicalise the usage of eNaira as part of its efforts to deepen the digital currency’s adoption through the fintech ecosystem.

The CBN governor had disclosed at the briefing that the apex bank was also in talks with one of the major licensed telcos to drive the adoption of the digital currency by the unbanked population.

With the introduction of eNaira on Remita, individuals and businesses can now make and receive payments with eNaira for all utilities, services, and products available on the Remita web and mobile platforms as well as through the Remita Payment Gateway deployed to thousands of merchants and aggregators.

The Remita eNaira e-commerce proposition is another first from Remita, well known over the years for being a fintech and payments innovation leader.

Until now, the eNaira had contended with low adoption due to a low level of awareness of its benefits or practical use cases over subsisting electronic payment options.

The Remita eNaira initiative is a major outcome of the CBN’s efforts through collaboration with leading fintechs and banks to ensure that the benefits of Nigeria’s digital currency are speedily realised.

The initiative will deliver faster transaction processing time, increased transaction security, elimination of multiple transaction failure points that lead to repeated visits to banks for resolution, transaction fees optimisation, ease of receiving foreign remittances, among others, to individuals and businesses.

With the introduction of the eNaira across all Remita touch points such as web, mobile, and agent locations, payers can now select eNaira as their preferred payment option for electricity token, airtime, data, and cable TV subscription renewal, JAMB/WAEC/NECO forms and results checker, as well as payments to federal, state, and local governments across Nigeria. The eNaira payment option also features on the Remita payment gateway, available to integrating partners, fintechs and merchants.

Commenting on the introduction of eNaira on Remita, ‘DeRemi Atanda, Managing Director of Remita Payment Services Limited (RPSL), said: “We remain committed to our mission of empowering everyone, everywhere to do more as we continue to simplify everyday payments.

“Our goal is to continue to introduce innovations that deliver ease to our customers in the retail, business and government segments in a way that not only guarantees safer, faster and cost-effective payments but also helps them extend the frontiers of possibilities while transacting locally or internationally.”

Since its entry into the market almost two decades ago, Remita has emerged as a well-known financial technology brand with a deep industry ecosystem partnership that supports individuals, organisations and governments across Africa to receive and make payments easily on a single multibank multichannel platform.