As the new withdrawal charges directive by the Central Bank of Nigeria (CBN) takes effect in Nigeria, point-of-sale (POS) operators in Enugu state have expressed concerns over low patronage. Since the Automatic Teller Machines began dispensing cash, the majority of POS owners stated that people now prefer to visit banks to pick up cash. According […]
PoS Operators Lament Low Patronage As Customers Seek Alternatives Read More »
The House of Representatives has decided to summon the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, along with the Chief Executive Officers of commercial banks, to discuss solutions to the ongoing issue of unverified Point of Sale (POS) operators across Nigeria. Naturenex reports that this resolution came after the House debated and
BREAKING: Reps Take Action Against Fřaudulent POS Operators Read More »
The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though the apex bank, on December 6, set the daily withdrawal limit at N100,000 and N500,000 for persons and organisations, respectively, it made allowances for compelling cases to withdraw up to
‘PoS Operators Are Not Endangered,’ CBN Gives Conditions For Bulk Withdrawal Read More »
The Central Bank of Nigeria (CBN) said point-of-sale (POS) operators can get more cash for their businesses despite the new withdrawal limits announced a few days ago. The policy limits over-the-counter cash withdrawals by individuals and businesses to N100,000 and N500,000, respectively, per week. It also limits point-of-sale (POS) and automated teller machines (ATMs) to
CBN Reveals How POS Operators Can Get More Cash Amid New Withdrawal Limits Policy Read More »
Last year frustsrate me no be small, I saw hell even though i had 150k earlier last year i still failed not until my elder sister gave me 20k and i had 35k i got a good idea one Night after long thinking, i used my remaing 15k to buy pos machine and used the
‘I Can’t Believe I Am Surviving With POS! See How Much I Make Daily’ Read More »
The list of pos machines/terminals is limitless, compounded by the fact that new ones must be asked before any of these pos terminals may be obtained. To figure out which option to go with when beginning a point-of-sale business. It’s worth noting that all of the machines listed are instant settlements. List of the top
