CBN gives PoS terminal providers one month to connect system to NIBSS, UPSL
The Central Bank of Nigeria (CBN) has directed all acquirers, processors, and payment terminal service providers (PTSPs) to implement mandatory ...
Tag: POS
FG phases out cash revenue collection, gives MDAs 45 days to deploy PoS terminals
The federal government has prohibited ministries, departments and agencies (MDAs) from collecting physical cash for revenue transactions, citing persistent violations ...
From January unregistered POS terminals will be seized and fintechs will be on watchlist – CAC
The Corporate Affairs Commission (CAC) has announced that all unregistered Point-of-Sale (PoS) operators in Nigeria will be shut down effective ...
Banks begin implementation of PoS withdrawal limit with N100k daily, N500k weekly
There are indications that banks have begun the implementation of a daily withdrawal limit of N100,000 and a weekly limit ...
CBN Directs Service Providers To Commence PoS Transaction Tracking
The Central Bank of Nigeria (CBN) has directed payment service providers to begin the tracking of all Point of Sale ...
PoS operators return to cash buying as scarcity hits banks
PoS operators return to cash buying as scarcity hits banks Point of Sale (PoS) operators have returned to buying ...
FG to fine PoS agents N10m over service charge increment
FG to fine PoS agents N10m over service charge increment The federal government has said Point of Sale, ...
AMMBAN defies CBN, jerks up charges for PoS transactions
AMMBAN defies CBN, jerks up charges for PoS transactions The Association of Mobile Money and Bank Agents In Nigeria ...