Exploring Nigeria's payments landscape and CBDC eNaira's adoption, with Remita's Alisa Chinedu

Lex interviews Alisa Chinedu of Remita - a payment solution
platform that helps individuals and businesses make and receive
payments, pay bills, and manage their finances; making it key to
supporting the Nigerian payments and fintech ecosystem.
 discussing the company's role in enhancing the Nigerian
fintech ecosystem. Alisa delves into Remita's functionality,
strategic corporate partnerships, and its integral position in
commerce and e-commerce. The discussion then proceeds to analyze
Nigeria's banking system's dynamics and mobile banking's
significance, focusing on Unstructured Supplementary Service Data
(USSD). The conversation touches on the economic implications of
COVID-19, the transition to digital currency, and the intricacies
of eNaira, Nigeria's Central Bank Digital Currency (CBDC). They
discuss Remita's role in eNaira's adoption, the application of
CBDC in social services, and the banking sector's perspective on
CBDC. The interview concludes with a future-oriented exploration
of eNaira's adoption, market penetration, and the multichannel
approach to CBDC distribution.


 


MENTIONED IN THE CONVERSATION


 


Remita's Website: https://bit.ly/3OUWbMQ


Alisa's LinkedIn profile: https://bit.ly/42n16t1


 


Topics: Payments, Paytech, CBDC, Digital Wallets, Fintech,
Banking


 


Companies: Remita, eNaira, SpeedWallet


 


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Twitter: https://twitter.com/LexSokolin


 


 


TIMESTAMPS


 


1’29”: Remita: what it is, what it does, how it got started, and
how it works with corporates


 


3’31”: Exploring Nigerian digital payment systems: A closer look
at Remita and its role in commerce and E-commerce


 


6’26”: Understanding the dynamics of the banking system: An
exploration of banking concentration, consumer banking
situations, and the integration of digital wallets


 


9’03”: Exploring mobile wallets and smartphone access:
Understanding digital funds transfers, population coverage, and
the role of USSD in mobile banking


 


12’09”: Dissecting merchant codes and regulatory landscapes:
Understanding the interface between feature phones, financial
institutions, and mobile money providers amidst government
regulation


 


16’32”: Deciphering Nigeria's economic landscape: Insights into
inflation, impact of COVID-19, and the transition from cash to
digital currency amidst economic fluctuation


 


21’06”: Delving into eNaira: Understanding CBDC adoption, wallet
accessibility, transaction volume, and user experience amidst
evolving digital currency landscape


 


24’39”: Remita's role in eNaira adoption: Understanding the
integration process, contribution to design ideation, and the
function of financial agents in product distribution


 


28’35”: CBDC and social services: Examining government
utilization of digital currency for welfare distribution,
transaction tracking, and understanding the underlying technical
infrastructure


 


33’04”: Exploring bank relations with CBDC: Assessing retail and
wholesale models, potential disintermediation concerns, and bank
perspectives on eNaira adoption


 


35’21”: Envisioning the future of eNaira: Assessing current
adoption, potential for market penetration, and the multichannel
approach to CBDC distribution


 


39’52”: The channels used to connect with Alisa & learn more
about Remita


Disclaimer here — this newsletter does not provide investment
advice and represents solely the views and opinions of FINTECH
BLUEPRINT LTD.


Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella


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