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 transactions
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 ...
POS transactions crash by N226 billion in Q1 2024 as cash outside banks climbs
Point-of-Sale (POS) transaction values witnessed a downturn in Nigeria for the first quarter of 2024, registering a N225.73 billion drop ...
E-payments: Still Nigeria’s growth frontier
The latest data from the NIBSS showed that the strong growth recorded across the various e-payment channels in 2021 continued ...
POS transactions in Nigeria drops to N552.3 billion in October despite rise in deployed terminals
Point of Sale transactions in Nigeria dropped marginally by 0.74% to N552.26 billion in October 2021 compared to N556.36 billion ...
Covid-19: POS transaction value drops by N96 billion due to lock down in April
Transaction volume and values dropped across major platforms due to the Covid-19 imposed lockdowns.
Nigerians dump PoS, as transactions drop by N59.26 billion
Despite the increase in adoption of PoS by merchants, the value of electronic transaction done via PoS dropped by N59.26 ...
Digital payments sustains surge, affirms growth prospects
The volume and value of PoS transactions grew 46.7% y/y and 40.6% y/y to 41.3 million transactions and N313.4 billion ...
PoS transaction is cheaper, CBN not asking for much – Globus Bank MD, Elias IgbinakenzuaÂ
Elias Igbinakenzua said the charges on PoS transactions are cheaper and it’s a way to motivate Nigerians to embrace CBN's ...
POS and ATM transactions decline by N258 billion in Q1 2019
The latest selected banking sector data released by the National Bureau of Statistics (NBS) shows that the total value of ...
