Sterling Bank to deploy additional 5,000 POS terminals nationwide

The Sterling Bank says it has concluded arrangements to deploy additional 5,000 Point of Sales (POS) terminals to boost transactions.

Shina Atilola, Group Head, Strategy and Communications at the bank, told the News Agency of Nigeria (NAN) on Friday in Lagos that the POS would be deployed across the country.

POS is a machine used to accept cards for payment of goods and services.

“We will deploy additional 5, 000 POS terminals in the country to facilitate transactions,’’ he said.

Besides, Atilola said additional Automatic Teller Machines (ATM) galleries would be provided in strategic locations nationwide.

According to him, a robust infrastructure that will support the expansion had been put in place.

Atilola said: “We have almost doubled our ATM counts by September 2014. We started last year with 300 ATMs but aimed to close the new year with about 700. This will involve additional deployment of ATMs at existing locations and partner locations.’’

He said apart from facilitating cash withdrawals, customers could confirm their account balances at the ATMs.

Other facilities available to users, Atilola said, included cash transfers (inter and intra bank), payment of bills such as electricity and DSTV and buying of recharge cards for phones.

“As a financial institution poised to enrich lives, Sterling Bank will continue to maintain high quality ATM services by supporting the interoperability of the payment system in the country.

“We will continue to deploy more ATMs to promote the cashless policy of the CBN and ensure that our customers are provided enough platforms for their financial transactions,” Atilola said.

(NAN)