About seventy-five per cent of the Point of Sale terminals deployed for the cash-less Lagos initiative of the Central Bank of Nigeria are inactive, our correspondent has gathered.
This translates to 112,500 inactive terminals out of the total 150,000 deployed in Lagos, and their state of inactivity, according to findings, is due to poor connectivity and downtime.
Information obtained from the CBN revealed that only 25 per cent of the total PoS in Lagos were currently active due to lack of General Packet Radio Service, popularly known as GPRS.
Are we really sure about going Cash-less??
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