Tag: PoS

CAC Insists On Registration Of FirstMonie PoS Operators
July 27, 2026 No Responses

CAC Insists On Registration Of FirstMonie PoS Operators

The Corporate Affairs Commission (CAC) has stepped up efforts to regulate FirstMonie Point-of-Sale (PoS) operators, directing that all businesses operating through the platform must be registered with the Commission in accordance with the Companies and Allied Matters Act (CAMA), 2020.The...
read more
GTBank Removes POS Processing Fees
February 13, 2025 No Responses

GTBank Removes POS Processing Fees

Guaranty Trust Bank Ltd has announced the removal of processing fees on all GTBank POS terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions.This initiative, which took effect Tuesday, 11 February 2025, communicat...
read more
CBN Warns PoS Operators, Banks Against Cash Hoarding
December 22, 2023 No Responses

CBN Warns PoS Operators, Banks Against Cash Hoarding

The Central Bank of Nigeria has issued a warning against Deposit Money banks and Point of Sales (PoS) merchants over alleged hoarding of cash in the country.   A circular signed by CBN’s acting director of Corporate Communications, Hakama...
read more