Tag: POS
Smartphones to function like PoS as Access Bank, Visa unveil new payment system
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On March 8, 2025, Access Bank, in collaboration with Visa, launched the “Tap to Phone” payment solution in…
GTbank scraps POS fees as CBN increases ATM withdrawal charges
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Guarantee Trust Bank (GTBank) on Thursday scrapped processing fees on all of its point-of-sale (POS) terminals to support…
CBN fines UBA, Zenith Bank, First Bank, 6 others for ATM cash hoarding during yuletide
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Nine Deposit Money Banks have been fined a total of N1.35 billion by the Central Bank of Nigeria…
Tanzania eliminates charges at POS terminals to promote digital payments
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All merchant POS terminal fees for card payments nationwide have been eliminated by the Bank of Tanzania as…
CBN sets N100,000 cash withdrawal limit for POS transactions
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The Central Bank of Nigeria (CBN) announced a significant policy regulating cash transactions through Point-of-Sale (POS) agents on…
CBN instructs payment service providers to start tracking PoS transactions
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The Central Bank of Nigeria (CBN) requires all Payment Service Providers to route all electronic or physical transactions…
NIBSS and Zone leverage blockchain to enhance Nigeria’s inter-bank POS transactions
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Zone Payment Network Limited partners with NIBSS Plc to transform Nigeria’s POS payments, leveraging blockchain technology to overcome…
Zone launches Blockchain payment Solution to enhance Africa
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Zone, a well-known payment infrastructure provider in Africa, has introduced an innovative Point-of-Sale (POS) payment method solution powered…
ErrandPay launches low-cost POS solution for MFBs, fintechs
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A Nigerian fintech company called ErrandPay has created a low-cost point-of-sale (POS) system to help microfinance banks (MFBs)…
Four simple steps to fix failed PoS transactions
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Have you ever used an ATM or a point of sale (PoS) to withdraw money and get a…
