CBN sets daily cash-out limit for POS transactions at N100,000 per customer
The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted ...
Tag: POS
Deployed PoS terminals across Nigeria hit 3.04 million in July 2024 – NIBSS
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 blockchain
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."
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 Q1
The Financial Institutions Training Centre (FITC), in a comprehensive review, said that there has been a significant decrease in fraud ...
Deployed PoS terminals across Nigeria hit 1.8 million in March 2023
The number of Point of Sales (PoS) machines deployed by merchants and individuals across Nigeria rose to 1.8 million in ...
PoS transactions hit monthly all-time high of N735.6 billion in September 2022
The value of transactions over Point of Sales (PoS) terminals in Nigeria jumped to N735.6 billion in September 2022.
Nigeria records N4.6 trillion worth of POS transactions in 7 months
POS transactions in Nigeria jumped to N4.6 trillion in the first seven months of 2022, a 29.3% increase compared to ...
