30 results
- 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…
- 10 May 2014
POS Terminals to Be Deployed for GES Scheme
Point of sale (PoS) terminals are to be deployed as additional redemption channel by government under the Growth Enhancement Support (GES) scheme to enable farmers access fertilizers and other…
- 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…
- 13 Apr 2025
UBA Redefines Banking with Next-Gen PoS Terminals and Revamped MONI App
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and…
- 29 Jan 2015
UBA Introduces Mobile Point Terminals
United Bank for Africa (UBA) Plc has introduced mobile Point of Sale (mPOS) terminals. The Bank said that it has gone live with this initiative in partnership with POS partners across Africa. A…
- 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…
- 24 Feb 2023
Dukka Launches PoS Terminals, App to Drive Financial Inclusion
A bookkeeping and payments solutions company, Dukka Limited has launched its Point of Sale (PoS) in it its bid to drive financial inclusion of Small and Medium Enterprises (SMEs) in the country. The…
- 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…
- 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…
- 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.…
- 19 Jul 2010
Nigerians Shun PoS for Transactions
Point of Sale (PoS) terminal, the electronic device used for verification and processing of credit card transactions is not popular yet in Nigeria despite the wide acceptance of Automated Teller…
- 23 Jun 2013
PoS Operators Dump GSM for CDMA
Point of Sale (PoS) terminals operators may have resolved to switch over to Code Division Multiple Access (CDMA) to address the perennial connectivity challenges associated with the use of Global…
- 9 Feb 2015
CWG Earns CBN PTSP Operational Licence
Computer Warehouse Group Plc (CWG), the leading Pan-African ICT Company has been issued the license to perform the activities of Payment Terminal Service Provider (PTSP) to Point-of-Sale terminals…
- 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…
- 11 Feb 2018
Global Accelerex Launches First Certified Android PoS Terminal
Global Accelerex, Central Bank of Nigeria licensed payment terminal service provider and payment service solution provider, has scored another first with the launch of NEXGO N5, the first single unit…
- 14 Aug 2013
Unified Payments Addresses Issues at PoS with Solution
Unified Payments, an electronic payment service provider is to launch a solution that will address the challenges of poor telecommunications infrastructure at Point of Sale (PoS) terminals, Nigeria…
- 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…
- 21 Feb 2016
Value of PoS Transactions down to N46Bn in January
Merchants across the country recorded transactions through point of sale (PoS) terminals worth N46 billion in some 3.6 million number of transactions in January this year. The figure achieved…
- 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…
- 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…
- 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…
- 24 Nov 2025
Reps Decry Rising Fraudulent Activities Linked to POS
The House of Representatives has raised concern over a surge in fraud linked to Point-of-Sale (POS) operators nationwide. POS terminals are now a popular cash source for businesses and individuals…
- 17 Jul 2012
TPS Launches ePayment Systems in Nigeria
Transaction Payment Solutions (TPS) has officially announced the opening its electronic payment solutions in Nigeria including Point of Sale (PoS) terminals, repairs and warranty for terminals,…
- 8 Oct 2017
Merchants Identify Roadblocks to PoS Business
Merchants making use of point of sale (PoS) terminals for transactions at their locations have reeled factors hindering the use of PoS device as a means of payment and urged actions to address them.…
- 3 Feb 2019
AMMAN, Others Seek Review PoS Guideline for Agent Business
Electronic payment stakeholders have urged central bank of Nigeria (CBN) to urgently review its guideline on the use of point of sale (PoS) terminal in the country. The present CBN guideline…
- 10 Mar 2021
FCMB Introduces Paperless, Cardless Transactions at Branches, ATMs, POS Terminals
First City Monument Bank's (FCMB) Customers can now seamlessly carry out an array of transactions with just their fingerprints and Bank Verification Numbers (BVNs). This followed the introduction of…
- 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…
- 2 Jul 2018
Agent Banking Will Assist in Achieving Financial Inclusion - Yuan
David Yuan is the general manger, International Business Operations, Nexgo - a Point of Sale (PoS) terminal manufacturer and Global Accelerex partner was in Nigeria for DigitalPay conference…
- 21 Jun 2015
PoS Transactions Hit N35Bn in May
Transactions over Point of Sale terminal (PoS) across the country recorded 49 percent rise over the past year, suggesting a growing acceptance of the use of online payments, 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…