Tag: PoS
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CBN to Clamp Down on Naira Sellers, PoS Operators
As the currency redesign policy continues to generate confusion across the country, the Central Bank of Nigeria has vowed to clamp down on Point of Sale owners, who have turned themselves to payment agents, to take advantage of members of the public. The apex bank described such unaccredited payment agents as fifth columnists whose activities…
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PoS transactions jump to N8tn – NIBSS report
The value of Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022, according to data obtained from the Nigeria Interbank Settlement System. The data showed that the aggregate PoS transactions between July 2020 and July 2021 were estimated at N5.77tn. However, between July 2021 and July 2022, the…