Flutterwave adds Nigeria’s digital currency eNaira as a payment option for retailers

Africa-focused fintech firm Flutterwave said it has added Nigeria’s eNaira as a payment option for merchants, a move that could help boost adoption of the digital currency.

Nigeria, the first African nation to launch a digital currency, is targeting 8 million users for the app launched in October. But adoption has been slow as lenders worry the app would compete with their online platforms and reduce fee revenue.

Flutterwave said that over 1 million merchants now accept eNaira payments from their customers.