Rivers traders go cashless, embrace POS
When the Central Bank of Nigeria, (CBN), introduced the Point of Sale (POS) system in 2012, to further drive home its cashless policy, which is aimed at improving efficiency and enhancing the payment system, some persons at the informal sector, especially petty traders...
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 terminal transactions to restore confidence of merchants in the system. They stated this at Point of Sale (PoS) Innovation Summit with the theme: “Expanding Retailers, Merchants Possibilities’,…
When thieves use PoS to do their business
Recently, there have been reported cases of robbers snatching people’s Automated Teller Machine (ATM) cards to withdraw money; using Point of Sale (PoS) device to accomplish their criminal acts.
FinTech stakeholders urge banks to improve PoS capacity
According to them PoS has an important role in Central Bank of Nigeria (CBN) financial inclusion policy.Emmanual Agha, managing director, Innovectives LLC, who delivered keynote at the event, said that PoS device is like a mini bank where bank customers can do everything they can do in a banking hall.
Firm empowers CDAs with free POS
As part of moves to foster its community relations with customers under its network, Ikeja Electric Plc (IE), has empowered members of the Community Development Associations (CDAs) through provision of free Point of Sales (POS) terminals and loans for the Payment Agents, in Ikorodu. The 12 selected CDAs were beneficiaries of the pilot scheme IE…
Robber who poses as mad man nabbed with POS machine
Detectives attached to the Lagos State police command have arrested a suspected armed robber, who disguised as a lunatic to maim innocent persons. It was gathered that the 27-year-old suspect, Olayinka Ogundimu, was arrested at Anifowoshe Street, Ikeja area of the state. Residents had informed the Divisional Police Officer (DPO) at MAN centre, who…
Experts seek policy to drive PoS penetration
Inadequate investments in Point of Sales (PoS) terminals have been identified as one of the major reasons the Central Bank of Nigeria (CBN’s) Cashless Economy initiative is not connecting as it should.
Indigenous operator offers SMEs PoS, accounting solutions
BETA Computers Limited has introduced a new programme called Point of Sales and Accounting management solutions (POSACTSaaS) to enable the Small and Medium Enterprises (SMEs) scale up their Information Technology infrastructure.