Financial inclusion under threat as businesses dump PoS for cash deals
As the dusts raised by the recent introduction of N50 stamp duty charge on use of Point of Sale (PoS) settles, a new trend in the hitherto rising PoS cashless policy adoptions by Nigerians have emerged. Industry experts have opened…
Drawback for financial inclusion drive as FG begins N50 PoS charge
Mild confusion is gradually engulfing users of Point of Sale (PoS) device to pay for goods especially at filling stations across the federation. This stemmed from the resumption of N50 tax introduced by the Federal Government to raise revenue. The…
Steady review of anti-digital fraud mechanism checkmated e-Fraudsters –CBN
The Central Bank of Nigeria (CBN), has argued that its relentless efforts at regularly reviewing security structures around the nation’s digital banking revolution has kept internet fraudsters in the banking sector, at a disadvantaged position to unleash terror on unsuspecting…
Stakeholders’ to meet next month on how to deepen PoS penetration
In the drive for digital banking and seamless transactions, Point of Sale (PoS), ATM and transfers using mobile phones are key models, but in recent times, their usage is dropping, especially the PoS. Accordingly, the Managing Director, Global Accelerex Limited,…
Less access points frustrating ATM, POS usage—Experts
Experts in financial inclusion and digital transactions have revealed the reasons behind dwindling usage of payment platforms like Point of Sale (POS) and Automated Teller Machines (ATM) nationwide. Explaining the key reasons causing the hiccups, C-Founder of Lidya Group, Ercin…
