PoS transactions in Nigeria hit N1.15tn in two months
The Nigeria Inter-Bank Settlement Support System (NIBSS) latest data has shown that Point of Sale (POS) transactions in Nigeria in the first two months of the year stood at N1.15 trillion,…
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Moni: Riding on social trust to boost liquidity for mobile money agents
With the bold message on its website, “Grow your POS business with Moni”, a new Fintech company, Moni is solving the liquidity problem faced by mobile money agents through low-interest…
Stanbic IBTC set to boost cross border trade with PlusReward
As part of its effort at boosting cross-border trade and payment across Africa, Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has recently launched a loyalty scheme that…
POS usage rises 91% in three years as Nigerians embrace agent banking
Nigeria’s volume of Point of Sale (POS) transactions has increased by 91 percent in three months, according to data from the Nigeria Inter-Bank Settlement System (NIBSS).
The country’s…
Here’s what it cost to start a PoS business in Nigeria
One morning just like every other day of the week, Esther Ojo rises before dawn to beat traffic by commuting from Oshodi to her office situated in Lekki, a naturally formed peninsula,…