A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
By Ugochukwu Alaribe – Umuahia One week after armed robbers shot dead a Point of Sale (POS) operator along Market Road, Aba, Abia State, another operator identified as Ezinne Grace Iroh, has been killed at Ukaegbu Road, in Ogbor Hill area of the city. Sources told Vanguard that the gunmen numbering three stormed Ezinne’s shop
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By Elizabeth Adegbesan There are indications that bank customers will continue to face nightmares of losing money from fraud perpetrated by Point of Sale (PoS) agents with or without keeping their bank details safe. Mrs Victoria Agbabiaka, a victim of PoS fraud who narrated her recent experience with fraudsters to Vanguard MoneyDigest said she did not divulge
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By Elizabeth Adegbesan The volume and value of transactions through Point of Sale (PoS) terminals and Mobile Interscheme transfers (Mobile phones) declined in August. Analysis of the current Electronic Payment Channels data from Nigeria Interbank Settlement System (NIBSS) showed that the volume of PoS transactions fell month-on-month (MoM) by 3.2 million or six percent to
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…As agric sector growth dips by 2.57% in Q2’20 By Prince Okafor Despite the negative impact of coronavirus (COVID-19) pandemic witnessed by business owners, along with households across Nigeria, fresh indications have emerged that financial services across the nation witnessed positive growth. According to the Principal Lead MasterCard Advisors for Sub-Saharan Africa, Bola Asiru, “POS
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By Dayo Johnson – Akure A suspected armed robber was reportedly shot dead by his colleague during a failed operation in Okitipupa council area of Ondo state. Vanguard was informed that the hoodlums had robbed a lady of N60,000 at a Point of Sale (POS) centre in the town. But while the robbers were trying
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By Osaze Omo-Ojo Payment systems consist of the process, people, methods, technologies, rules, instruments and practices. Broadly speaking, there are two types of payment systems; traditional and modern. Traditional payment systems involve documentation credits (letters of credit) and negotiable instruments (cheques). The arrival of computers, electronic means of communication, and mobile devices gave rise to
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Financial sector experts are divided over the 16 percent month-on-month, MoM, decline in the value of Point-of-Sale, PoS, transactions in January 2020.
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Video of a police officer with Point of Sale machine, POS, demanding Automated Teller Machine, ATM, card from Nigerians to allegedly transfer money to his account has emerged.
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To provide stakeholders in the Nigerian payment system with information on how to maximise the boundless opportunities it presents, E-payment Company, Global Accelerex, is set to host its 7th edition of PoS Innovation Summit Wednesday, in Lagos.
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THE widespread and incessant failure of transactions through Point of Sale, PoS, terminals is threatening the cashless policy as well as the financial inclusion efforts of the banking industry.
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