CBN Policies: POS Operators Increase Transaction Charges
Point-of-sale (PoS) operators across Nigeria have increased withdrawal charges from N100 to N150 or N200 for every N5,000 transaction. The ...
Tag: PoS
Nigeria’s PoS Terminals Soar to 3.04 Million Amid Cashless Shift
As of July 2024, the number of Point of Sale (PoS) terminals deployed across Nigeria surged to 3.04 million, marking ...
Lagos State Targets Distribution of 1 Million POS Machines to Boost Youth Employment and MSMEs
Lagos State has set an ambitious target of distributing 1 million Point of Sale (POS) machines to youths, men, and ...
CBN Issues Decisive Warning, Imposes 10% Fine on Banks Linked to Cash Hawking
The Central Bank of Nigeria (CBN) has issued a decisive warning to Deposit Money Banks (DMBs), cautioning them against cash ...
Zone Payment Partners NIBBS to Boost Digital Transaction as Nigerian Electronic Payment Hits N566.3 Trillion in 7 month
The number of Point-of-Sale (PoS) terminals in Nigeria has reached 26.54 million within just seven months, according to data from ...
Nigeria’s Cashless Transactions Hit N572 Trillion as Instant Transfers Surge
Nigeria's cashless economy is booming, with instant transfers driving a significant portion of the country's N572.63 trillion in cashless transactions ...
FCCPC to Prosecute POS Operators Over Charges Increase
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to Point of Sales (POS) operators and ...
OPay Partners Verve to Roll out OPay Instant Debit Card
In line with simplifying financial transactions and deepening financial inclusion across the country, Nigeria’s leading financial service platform OPay has ...
LASG, STANBIC IBTC Bank empower Youths with POS Machines
Lagos State Government, in collaboration with Stanbic IBTC Bank, has empowered hundreds of unemployed youths with Point of Sales (POS) ...
ITEX announces 5-Day Zero Transaction Fees for PoS agents
Nigeria’s leading fintech company, ITEX Integrated Services, has announced zero-rated transaction fees to appreciate its Point-of-Sales (PoS) agents nationwide for ...
