Following the Electronic Money Transfer Levy of N50, charged by the Federal Inland Revenue Service (FIRS) on every electronic inflow of N10,000 and above, operators of...
Some customers have accused first-generation banks in Anambra State of hoarding cash to maximise profits during the yuletide season. They said the attitude has been boosting...
Nigeria Interbank Settlement System (NIBSS) reported a N572 trillion cashless boom due to an increase in electronic instant transfers in the country, resulting in a decline...
The prevalence of fraud and forgery in Nigeria’s payment system has shown a significant shift in the first quarter of 2024, with Point-of-Sale (POS) transactions experiencing...
Point of Sale (PoS) operators in Nigeria are gearing up for a legal battle against the Corporate Affairs Commission (CAC) as they contest the legality of...
The Federal Government, through the Corporate Affairs Commission (CAC), has issued a stringent directive mandating Point of Sales (PoS) operators to register their agents, merchants, and...
The total Point of Sale (POS) terminals deployed across Nigeria have now reached 2.68 million as of March 2024. According to data released by the Nigeria...
Experts Raise Concerns over Impact of PoS Price Revision on Financial Inclusion and Business Viability in Lagos State
Nigerians can now rejoice as Point of Sales (PoS) businesses have significantly reduced their exorbitant charges to almost pre-cash scarcity levels. This comes after the Central...
The Central Bank of Nigeria (CBN) has threatened to withdraw the license of any POS Operators found guilty of inflating charges beyond the approved amount. Blaise...