The Cashless Era Begins, Redefining Financial Landscape in Nigeria
The Central Bank of Nigeria's (CBN) recent directive capping Point of Sale (PoS) withdrawals has sent shockwaves throughout the country's ...
Tag: PoS
Zimbabwe Enforces Use of PoS Machines to Combat Unfair Trade Practices
In a move aimed at curbing unfair business practices and protecting consumer rights, Zimbabwe has mandated the use of Point-of-Sale ...
CBN Cautions Banks, PoS Operators Over Lingering Naira Scarcity
The Central Bank of Nigeria says it is investigating collusion between the banks and Point-of-Sale operators over the lingering cash ...
Employee allegedly converts boss’ N13m POS Money to Personal Use in Lagos
A young man, 27-year-old, Sadiq Musa, appeared before a Magbon Alade Magistrates’ Court at Ibeju-Lekki, Lagos State, on Tuesday for ...
FG issues Order to PoS operators, attach N10m fine for violation
A cease-and-desist order to Point of Sale (PoS) operators has been issued by the Federal Government, through the Federal Competition and ...
FG may sanction PoS operators over price fixing
...service charge increase was to ensure our survival - AMBAN ...price fixing is prohibited, against the law - FCCPC Federal ...
POS operators announce uniform price
...prices can be reduced but can't be higher - AMMBAN ...prices to be enforced with police assistance As a way ...
Cash Limits: PoS Operators May Head For Court
The Association of Mobile Money and Bank Agents in Nigeria has expressed optimism that the Central Bank of Nigeria will ...
PoS transactions hit monthly all-time high of N735.6 billion in September 2022
The value of transactions over Point of Sales (PoS) terminals in Nigeria jumped to N735.6 billion in September 2022. This ...
POS Transactions Stoops To N0.5trn in October
Point of Sale transactions in Nigeria dropped marginally by 0.74% to N552.26 billion in October 2021 compared to N556.36 billion ...
