30 results
- 22 Feb 2017
5 Reasons Your Business Needs a POS Machine
There are businesses or stores that are sceptical about using a Point of Sale Machine because of trust issues, the bank charges, and the expenses involved in getting one. Regardless, what they don't…
- 25 Dec 2019
FG Stops N50 Charge on POS Transactions, Says It is Illegal
Federal Competition and Consumer Protection Commission (FCCPC) has stopped the additional N50 charge being imposed on transactions conducted on Point of Sale (POS) machines. This was made known in a…
- 1 Feb 2024
Grow Your Business and Make More Money with PalmPay
In today’s world of e-commerce, the right financial tool can gravitate from the more technical accounting software and payroll management tool to the less complicated but secure digital payment…
- 10 Mar 2022
Zenith Bank Suspends Naira Card International Usage
Zenith Bank Plc has suspended the use of its Naira cards on automated teller machines (ATM) point of sale terminals (POS) outside the country as it reviewed naira card monthly spending via web…
- 30 Mar 2014
PoS Transactions Hit 3.6m in 3 Months
Point of Sales (POS) Terminals, the machine used to accept cards for payment of goods and services are increasingly becoming popular as merchants in the country recorded 3.6million transactions over…
- 19 Jul 2020
TITL Unveils Mobile Phone Point of Sales Innovation
Total Infotech & Telecoms Limited (TITL), has unveiled a Mobile Phone Point of Sales Service, to further boost financial inclusion in the country. A simplified alternative to POS machine, the…
- 10 Jul 2013
CBN Mulls Biometric Authentication for ATM to Stem Fraud
Central Bank of Nigeria (CBN) is planning to introduce biometric authentication of Point of Sale (POS) and Automated Teller Machines (ATMs) to address safety of customers’ funds and avoid losses…
- 21 Dec 2009
ATM Transactions Hit 110m in November
The volume of transactions on electronic payment devices such as the Automated Teller Machines (ATM) and Point of Sale terminals (PoS) dropped to 110 million last month due to the migration from the…
- 17 Aug 2010
Visa Card Beats Competition, Now Market Leader in Nigeria
Bursts of the transactions with Visa card on Automated Teller Machines (ATM) and Point of Sale Terminal (POS) have suddenly and surprisingly pushed Valucard Plc to the top of the e-payment processing…
- 22 Nov 2017
Cybersecurity Firm unveils Certification for Cloud Environment
Petrovice Nigeria has introduced Certified PCI Cloud Security Assessor (CPCI CSA) a certification programme for cybersecurity in the cloud. This is based on meeting PCI DSS when using a cloud service…
- 7 Nov 2016
FG Grants Petrovice Patent on Solution for Last Mile Connectivity & Cybersecurity
The Federal ministry of Industry, Trade and Investment through the Registrar Trademarks, Patents and Designs, has granted patent license to Petrovice resources on its solution for last mile…
- 13 Feb 2013
NEFT, NIP Transactions Hit 40Bn Daily
Daily transactions on Nigerian Electronic Fund Transfer (NEFT) and Nigerian Inter Bank Settlement System Instant Payment (NIP) have hit a record N40 billion meaning that the Central Bank of Nigeria…
- 5 Feb 2019
Jumia Boss in Police Net over Fraud Petition
Guy Futi, managing director, Jade Internet E-Services Nigeria Limited (Jumia Food), has been arrested over allegations of fraudulent diversion/conversion of funds made against him by Castle Logistics…
- 1 Aug 2024
Telcos Say 30m Lines not Properly Linked to NINs
Gbenga Adebayo, chairman, Association of Licensed Telecom Operators of Nigeria (ALTON), has disclosed that over 30 million lines have not been properly linked to a National Identification Number…
- 7 Jan 2021
NIN linkage: NCC Dismisses Claims of Mass Disconnection of Telephone Subscribers
The Nigerian Communications Commission, NCC has dispelled fears of mass disconnection of telephone subscribers as a result of the ongoing linkage of SIM Registration Records with the National…
- 6 Apr 2024
UBA Unwraps Complaint Portal for Enhanced Customer Experience
United Bank for Africa (UBA) Plc, Africa’s Global Bank, has unveiled a Quick Response solution qrdispute.ubagroup.com:8088, called the ‘Scan to Resolve Complaint’ Portal aimed at enhancing…
- 19 Oct 2017
CitiServe Launches OrangeBox™ 7210, Retail Platforms
By peter oluka CitiServe Limited, a member of the Vigeo group Limited recently launched its OrangeBox™ 7210. Citiserve is a technology enabled distribution company with focus on enterprise solutions…
- 2 Jan 2019
Access Bank, Diamond Bank Customers to Use 3100 ATMs without N65 Charges
Customers of Access Bank Plc and Diamond Bank Plc from Tuesday will have access to 3,100 Access Bank and Diamond Bank Automated Teller Machines (ATMs), without paying the customary N65 per…
- 6 Jan 2023
Zenith Bank Suspends International Transaction On Naira Cards
Zenith Bank has suspended international transactions on its naira cards from Monday, January 9, 2023. The bank said this in a recent notice to its customers. It also temporarily suspended…
- 25 Jul 2022
Redefining Supply Chain in Nigeria's Retail Market Space
There is hardly a neighbourhood in the country where a retailer is not found and a vacuum automatically gets created in the absence of a formal retail store on any street. The retail business is…
- 18 Feb 2016
SlimTrader Delights Employees with “Employee Share” Scheme
SlimTrader, Sub-Saharan Africa’s leading turn-key ecommerce solution provider for businesses, has announced the launch of an Employee Share Scheme which would benefit all its employees. The extension…
- 12 Apr 2013
Regha, E-PPAN Boss Calls for Connectivity of PoS Terminals
Mrs. Onajite Regha, chief executive officer, Electronic Payment Providers Association of Nigeria (E-PPAN) has called for an industry collaboration that will ensure improved connectivity to Point of…
- 12 Mar 2013
CBN Imposes N150, 000 Cheque Withdrawal Limit Nationwide
Central Bank of Nigeria (CBN) said that it will from June 1, implement a policy that places N150,000 limit on all over-the-counter cheque withdrawals in commercial banks, microfinance banks and…
- 9 May 2024
CAC Says Operating PoS without Registration is Criminal Offence
Corporate Affairs Commission (CAC) has said that all financial technology operators (Fintechs) must register with the commission before July 7, 2024, noting that operating without registration is a…
- 22 Aug 2022
E-commerce Platforms' Strides in Helping Micro Businesses Grow
Not a few micro business owners are experiencing more growth since the emergence of business to business (B2B) platforms that leverage technology to empower retailers to run profitable and…
- 30 Sept 2022
Independence Celebration: Offering Micro Businesses Freedom Through Technology
It’s that time of the year when the independence of Nigeria from its colonial masters is commemorated. The annual October 1st celebration has recently been greeted with mixed feelings as many…
- 8 Sept 2022
E-commerce Firms Promoting Nigeria's Cashless Economy Policy
With the innovations by e-commerce platforms, more Nigerians including retailers are keying to the cashless policy of the Central Bank of Nigeria (CBN). The policy is targeted at tackling some of the…
- 29 Oct 2023
Moniepoint Restates Commitment to Financial Inclusion in Nigeria
Moniepoint MFB, leading Fintech company in Nigeria, has restated its commitment to driving financial inclusion through innovative products that address payment challenges in the country. L-R: Mr.…
- 15 May 2018
FirstBank Introduces Contactless Naira Mastercard
First Bank of Nigeria Limited has introduced the Contactless Naira Master Card to its array of debit cards to promote convenience, ease of transactions and the security of funds. FirstBank…
- 7 Nov 2019
FG to Rake in N1.5Bn Monthly from Stamp Duty on PoS
Federal Government is to realise at least N1.5 billion monthly from the implementation of N50 stamp duty charges on transactions carried out via Point of Sales (PoS)) terminals. This is based…