The hidden cost of USSD: How Nigerians are losing money to failed bank transactions
When Chinyere, a petty trader in Lagos, tried to transfer N5,000 to her supplier using her bank’s USSD code, she ...
Tag: AMMBAN
POS fraud cases rise by 31.12% in Q1 2024 as terminals spread
The prevalence of fraud and forgery in Nigeria's payment system has shown a significant shift in the first quarter of ...
CAC extends deadline for PoS operators’ registration to September 5, 2024
The Corporate Affairs Commission (CAC) has extended by 60 days the deadline issued to Point of Sales (PoS) operators in ...
Registration of PoS operators in 2024 targeted at generating govt tax revenue in Nigeria – AMMBAN
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has said that the recently mandated registration of PoS ...
NIBSS: Deployed PoS terminals across Nigeria hit 2.7 million in March 2024
The March 2024 figure indicated that a total of 864, 753 new PoS terminals have been deployed in the last ...
PoS agents, operators kick against N50 charge, seek policy reversal
The introduction of N50 stamp duty on individual transactions above N1000 has led to a reduction in the number of ...
