Sign Up for CBN eNaira Speed Wallet » Voice of Nigeria
CBN eNaira Speed Wallet – How to Sign Up
eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira.
Here you should know that eNaira acts as both a medium of exchange and a store of value, offering better payment possibilities in cash payments and retail transactions. eNaira has a special operating structure that is remarkable and is nothing like other forms of central bank money.
Furthermore, the embedded security token system makes your information unreadable to fraudsters as tokens are randomly generated each time you make payment.
How to Sign Up for CBN eNaira Speed Wallet
To register on e-Naira Speed Wallet, you must access the following information, as captured when you register BVN.
- First Name, Last Name, Date of Birth, State of Origin, and Email
- Your bank is waiting to assist you in authenticating and modifying your BVN data to ensure that there is no access to the e-Naira platform.
- Note: Remember that your BVN information is your personal information that is never disclosed to others.
For Individuals – Account Opening Steps
- 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
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
For Businesses – Account Opening Steps
- 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, enters 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.
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
For Government MDA’s – Account Opening Steps
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.
