THE NATION NEWS
The Central Bank of Nigeria (CBN) has upgraded the eNaira by introducing a chip-enabled Near Field Communication (NFC) device into the eNaira.
The NFC feature will enhance the use of the eNaira by Nigerians without smart phones or internet access.
NFC is a short-range high frequency wireless communication technology that enables the exchange of data between devices of over a 10 cm distance.
With the introduction of NFC, eNaira wallet owners can transact financial businesses with little or no human contact with the aid of tags attached to their phones.
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