POS

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PoS Terminals : For a  better user experience

PoS Terminals : For a better user experience

Card payments on Point of sale (PoS) terminals in Nigeria have grown in volume from a paltry 5,000 monthly volume in 2011 to 30 million as at November 2018, all thanks to the success of the Cashless Nigeria initiative launched by the Central Bank of Nigeria, CBN, and all banks in Nigeria in 2011. About seven million cards made the 30 million card payments out of an estimated 40 million active cards in circulation in Nigeria; other cards were generally used on Automatic Teller Machines (ATM).

PoS transactions rise 39% to N297bn in 2mths

PoS transactions rise 39% to N297bn in 2mths

The value of electronic payment transactions through Point of Sale (PoS) terminals rose by 39 percent, year-on-year, to N297 billion in the first two months of the year.

Anambra introduces POS to block revenue leakages

Anambra introduces POS to block revenue leakages

The Anambra State Government has stopped the use of revenue agents to collect levies, taxes and fees in the state to avoid a situation where unsuspecting citizens are defrauded by the agents who also defraud the state by short-paying the state after collecting the revenues.