PoS transactions surge to 18 trillion in 2024 as fintechs expand terminal deploymentÂ
The value of transactions over Point of Sales (PoS) terminals in Nigeria surged to N18 trillion in 2024, hitting an ...
Tag: POS
Cash withdrawal chaos frustrates Nigerians as ATMs fail and POS operators struggleÂ
Frustrations continue to rise among Nigerians as they face persistent challenges accessing cash due to limits on ATM withdrawals and ...
Why POS Terminals Rule Nigeria and How the Money Flows!
In the latest episode of Paid in Full, host Ogieva Imasuen sits down with Tunji Andrews, CEO of Awabah and ...
CBN sets daily cash-out limit for POS transactions at N100,000 per customerÂ
The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted ...
Deployed PoS terminals across Nigeria hit 3.04 million in July 2024 – NIBSSÂ
The number of Point of Sales (PoS) machines deployed by merchants and individuals across Nigeria rose to 3.04 million in ...
Nigerian inter-bank system, Zone to strengthen Nigeria’s POS transactions with blockchainÂ
Zone Payment Network Limited collaborates with the Nigeria Inter-Bank Settlement System (NIBSS) Plc to improve the improve the Nigeria's POS ...
CIBN commences Certification process for POS, NIN/BVN Agents
CIBN has introduced agency banking certification programs for point of sales (POS) agents, NIN/BVN agents, agent network managers.
FCCPC confirms that price fixing by POS operators is not a coordinated effort’
FCCPC says its investigations into the PoS operators' service charge price increase is not a "collaborative or coordinated approach."Â
CBN says regulated POS prices with “Super Agents” remain
The Central Bank of Nigeria reacted to the plans by POS agents to increase the costs of doing business in ...
FITC Report: Mobile fraud, computer/web fraud, and POS related fraud listed as top three banking fraud in 2023 Q1Â
The Financial Institutions Training Centre (FITC), in a comprehensive review, said that there has been a significant decrease in fraud ...
