Tag: POS

While telecom and agent groups say a dedicated regulator will end fragmented oversight, fintech operators warn it could duplicate the ...

The lawmaker stated that the empowerment programme was designed to promote self-reliance, restore dignity, and deliver the benefits of democracy ...

The weekly limit applies across all channels, including ATMs and point-of-sale (POS) devices.

The lawmakers said they have also been alerted to the registration of fictitious companies at the Corporate Affairs Commission (CAC), ...

Speaker Abbas Tajudeen said the initiative became necessary following rising cases of fraud, cybercrime, and consumer exploitation within the digital ...

The CBN also directed payment companies to adopt a new global standard for transaction messages, known as ISO 20022, by ...

The new PoS terminal and MONI App which offer instant payment and real-time network monitoring are part of UBA’s ongoing ...

Police said the three suspects were members of a notorious kidnapping syndicate terrorising residents of Imo State.

The CBN released a circular on 10 February to all banks and other financial institutions to apply the fees, effective ...

The bank explained that the restriction aligns with the apex bank’s ongoing efforts to advance a cashless economy.

CBN outlined that acquirers must now route all PoS transactions from merchant and agent locations through a CBN-licensed PTSA.

He says 'the good jobs are reserved for children of the rich.'

Sources said the girl, who was attacked in her shop, was a student preparing for her National Examination Council (NECO) ...

Since 3 June, when the CBN announced the closure of Heritage Bank, many employees of the liquidated bank have expressed ...

The action is supported by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020, as well ...

In response to the situation, POS operators have increased transaction charges in some parts of the country.

The slain suspects were part of a gang that specialised in robbing POS operators, according to the police.

The police are yet to comment on the alleged incident.

OPAY and PALMPAY had in separate social media messages denied being under the radar of the CBN.

Since Tuesday, banks in Ondo State have provided only skeletal services, shutting down as soon they run out of cash.

Mr Obi made the appeal in a tweet on Sunday morning.

The rise in agency banking has enabled easier and quicker payment services to millions, but it has also allowed criminals ...

The company makes appointments to expand its business as it provides a gateway between cash and digital.

With the rising level of insecurity in the country, point of sale machine operators in Sokoto, Northwest Nigeria are having ...