• Tuesday, May 28, 2024
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CAC begins registration of PoS operators

PoS, cheque usage falls on bank transfers’ surge

The Corporate Affairs Commission (CAC) has commissioned a Dedicated Centre to facilitate the Bulk Registration of Point of Sale (PoS) operators.

Hussaini Ishaq Magaji, The Registrar General, CAC said that the creation of the center was to facilitate all requests from operators in the fintech industry that voluntarily submitted their agents and merchants for regularisation with the CAC.

He said this at the unveiled the office the Centre located at the Commission’s office in Zone 5, Abuja.

The commission had on Monday issued a two-month registration deadline for PoS operators to register their agents, merchants, with the commission in line with legal requirements and the directives of the Central Bank of Nigeria (CBN).

Speaking after the formal flag off of activities at the centre, Magaji revealed that it is fully equipped with state-of-the art equipment needed to handle the project.

Read also: CAC begins registration of 2 million small businesses

He further explained that it was also equipped with adequate personnel to handle applications in record time, 24 hours a day.

He therefore restated his resolve to ensure compliance with the provisions of Section 863(1) of the Companies and Allied Matters, CAMA 2020, and the CBN guidelines for Agent Banking, 2013.

Read also: CAC asks content creators to register names, businesses
Magaji added that the commitment was also in line with President Bola Ahmed Tinubu’s desire to ensure financial inclusion for the youth as well as strengthen the fight against fraud, financial and other crimes in the country.