The total value of Point of Sale (POS) transactions in Nigeria surged to ₦223.27 trillion in 2024, more than doubling the ₦110.35 trillion recorded in 2023,...
United Bank for Africa (UBA) has launched an upgraded version of its Point of Sale (PoS) terminal designed to enhance digital payment efficiency and support small...
The Corporate Affairs Commission (CAC) has announced that 100,000 Point of Sale (POS) operators have formally registered their businesses under its POS formalisation project. This development...
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...