Nigeria’s once faltering digital currency is seeing its fortunes revived by the country’s demonetization policy that has left many citizens scrambling for alternative payment channels.

The value of eNaira transactions is up 63% to 22 billion naira ($47.7 million) since its introduction while the number of wallets jumped by more than 12 times to 13 million when compared with the data in October, Godwin Emefiele, governor of the Central Bank of Nigeria said on Tuesday.