Christmas spending pushes POS transactions in Nigeria to all-time high of N6.4 trillion in 2021
Nigeria recorded a total of N6.43 trillion as POS transactions in 2021, hitting the highest levels on record. Nigeria’s acceptance ...
Tag: POS
Sustained growth in digital payment industry
Recent data from the Nigeria Inter-Bank Settlement System (NIBSS) showed solid growth across the various e-payments channels for the 11 ...
FG launches Mobile Money Agent Programme, commences training of 1,850 beneficiaries
The Federal Government, through the Ministry of Humanitarian Affairs, Disaster Management and Social Development, has announced the launch of the ...
POS transactions in Nigeria hit over N3 trillion in H1 2021
Nigerians are steadily increasing their preference for cashless payments as against holding and transacting in cash.
CBN revises timelines for resolution of dispense errors, refund complaints
The apex bank said this is in line with its resolve to enhance the quality of service bank customers are ...
Current accounts drop by 4.5 million, as PoS transactions hit N373 billion
The number of current accounts held by bank customers dropped by 4.5 million to 25.3 million while PoS transactions hit ...
Nigeria’s retail outlets risk CBN sanction, debit N50 PoS fee from customers
Investigations have disclosed that some retail outlets are still collecting N50 PoS Stamp Duty charge from customers despite CBN's directive.
FG stops N50 charge on POS transactions
In a directive issued by the Federal Competition and Consumer Protection Commission (@FCCPCnigeria), passing N50 charge on consumers is counterproductive, ...
FG reviews N50 stamp duty charge to transactions above N10,000
The Nigerian government has reviewed its policy on stamp duty charges, levied on electronic payment.
New POS technology launches in Lagos
Global Accelerex, a fully licensed and certified Payment Terminal Service Provider (PTSP) has launched a new product Nexgo G2, an ...
