28 results
- 23 Sept 2018
Stakeholders Seek Mandate for Ejournal Implementation in PoS Terminals
Stakeholders in the electronic payment ecosystem have urged Central Bank of Nigeria (CBN) to mandate Payment Terminal Services Providers (PTSPs) to implement electronic journal at point of sale…
- 4 Oct 2015
Industry Mulls Cashback on PoS to Drive Cashless Scheme
Central Bank of Nigeria (CBN) Banks and Payments Terminal Service Providers (PTSPs) are working on the introduction of cashback from point of sale (PoS) terminal, in an effort to further drive…
- 5 Nov 2012
CBN Yet to Achieve Interoperability in POS Transactions
More than a year after Central Bank of Nigeria (CBN) issued a guideline on Point of Sale (PoS) card acceptance services; the sector is yet to achieve interoperability, no thanks to the challenges of…
- 26 Jun 2012
Cash-lite Operators Plan 200,000 PoS by Year End
Point of Sale terminal (PoS) operators in the Central Bank of Nigeria (CBN) cashless policy plan to deploy 200,000 terminals by the end of the year, Nigeria CommunicationsWeek can now report.…
- 8 Oct 2012
PoS Value Transactions Hit N1Bn
Value of transactions on Point of Sale (PoS) terminals recorded an all time high of N1 billion after over 60,000 deals were struck on the machines in the last week of September this year, indicating…
- 12 Sept 2024
CBN Tightens Grip on Electronic Transactions with New Rules for PoS
The Central Bank of Nigeria (CBN) has announced new regulations for processing Point of Sale (PoS) transactions across the country, directing all acquirers to route their transactions through any…
- 13 Sept 2024
CBN Orders PoS Operators to Route all Transactions through NIBSS or UPSL
Central Bank of Nigeria (CBN) has announced new regulations for processing Point of Sale (PoS) transactions across the country, directing that all POS transaction are to be routed wither through the…
- 4 Feb 2013
PoS Transactions Hit 141, 000 Weekly
Volume of transaction on Point of Sale (PoS) terminals hit an all time high of 141, 000 between January 7 and 14 this year, indicating that the Central Bank of Nigeria policy on PoS transaction is…
- 26 Jun 2012
Loyalty & Innovative Services Keys to e-Payment Adoption - Ogungbade
Tunde Ogungbade is the managing director of Global Accelerex. He spent the first decade of his career in consulting and has worked with global companies like Price WaterCooper, Ernst and Yong and…
- 20 Feb 2017
PoS Transactions Drop in January by N16Bn
The value of transactions carried out over Point of Sale (PoS) terminals in the country dropped by N16 billion in January this year compared to the figure achieved in December 2016, as Nigerians…
- 13 Sept 2017
Innovation Summit to Address Gaps in Payment System
A summit on Point of Sales (PoS) terminal transactions in the country has been scheduled to hold in Lagos on the 29th September 2017. The program which is an intervention to address the gaps…
- 23 Apr 2019
PoS Innovation Summit to Drive Agency Banking
The Fintech industry in Nigeria is warming up for yet another round of electrifying discourses at the PoS Innovation Summit scheduled to hold on Tuesday, May 7, 2019 at The Wheatbaker, Ikoyi. The…
- 21 Apr 2019
Financial Inclusion Agents Decry Challenges with PoS, Others
As the central bank of Nigeria (CBN), drives financial inclusion with giant strides and NIBBS upgrading her system to accommodate the projected 600m point of sale (PoS) terminal transactions this…
- 15 Sept 2019
Super Agents, Agents Locked in PoS Chargeback Confusion
Super Agents and agents under them in the Central Bank of Nigeria (CBN) financial inclusion initiative are today locked in Point of Sale chargeback issues, which has resulted in some agents going out…
- 15 Dec 2020
Shago Unveils e-Commerce Platform Today
A new Nigerian fintech start-up, Shago Payments Limited, will today unveil its bill payment and e-commerce platform to serve the banked and unbanked locally and internationally. Sabastine Enechi, the…
- 18 Jan 2023
CeBIH Seeks Collaboration to Combat Fraud in Electronic Payment
The Committee of e-Business Industry Heads, CeBIH, has expressed its readiness to collaborate with private and public sector agencies to tackle electronic payment fraud in Nigeria in order to restore…
- 26 Aug 2025
CBN Sets October 31 Deadline for Payment Companies to Comply with ISO 20022
The Central Bank of Nigeria (CBN) has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to the ISO 20022 messaging standard and implement…
- 19 Mar 2012
Cashless Policy: Active PoS Terminals Hit 30,000
Chike Onwuegbuchi Cashless Policy: Active PoS Terminals Hit 30,000 Total active point of sale (PoS) terminals, electronic devices used for verifying and processing transactions at merchant locations…
- 28 Aug 2025
CBN Orders GPS Tracking for All PoS Terminals Nationwide
Central Bank of Nigeria (CBN) has issued a directive mandating that all Point of Sale (PoS) terminals across the country be fitted with GPS tracking systems within the next 60 days. The apex bank…
- 12 May 2013
Merchants Record N9Bn PoS Transactions in April
Merchants in Nigeria that deployed point of sale terminals (PoS) and using them as means of payment of goods and services recorded transactions value of N9 billion on their terminals in the month of…
- 11 Jun 2013
Connectivity Problem Tops Challenges of PoS Usuage
Telecommunications network connectivity difficulties account for 58.5% of challenges merchants face in Point of Sale (PoS) transactions according to a field market research sponsored by Nigeria…
- 9 Sept 2013
More Nigerians Embrace PoS as Transactions Rise
The popularity of point of sale (PoS) terminal has continued to soar as more Nigerians have started using the computerized replacement for a cash register to pay for goods and services, Nigeria…
- 29 Nov 2013
Merchants Record N127B on PoS in 11 Months
Popularity of Point of Sale terminals (PoS) is growing as merchants who use PoS for payment of goods and services have recorded a princely N127billion in 11 months, Nigeria CommunicationsWeek can now…
- 19 May 2014
Banks, Merchants Invest $80m on PoS Terminals
Money deposit banks and merchants in the country have invested some $80 million in the acquisition of Point of Sale (PoS) terminals in their effort to facilitate electronic payment, Nigeria…
- 30 Oct 2016
Deployment, Awareness Frustrate CBN Cash Back on POS
Slow deployment and lack of awareness have conspired to hobble the cash back on Point of Sale terminals (PoS) initiative by the Central Bank of Nigeria (CBN) in collaboration with banks, aimed at…
- 21 Aug 2017
Settlement Delays, Issuers Inoperative Hobble PoS Penetration
Stakeholders in the electronic payment ecosystem have identified delay in settlements by some banks as well as issuers inoperative among factors militating against increase in Point of Sale terminals…
- 4 Jul 2017
NITDA Warns IT Service Providers over Poor QoS
National Information Technology Development Agency (NITDA) has warned information technology service providers over poor quality of services (QoS) and low standards of products. Dr Isa Ali Ibrahim…
- 4 Sept 2017
Experts Harp on Infrastructure Network, Awareness for Cashless Policy
Electronic payment operators have blamed the absence of robust infrastructure network and low level of awareness for the slow adoption of e-payment as a lifestyle. This is against the backdrop of the…