PoS operators in Nigeria have denied widespread involvement in financial fraud, following a sharp rise in PoS-related scams and new CBN regulations Recent data shows PoS fraud cases jumped by over 31% ...
The number of point of sales (PoS) vendors in the country is growing in geometric proportions, rising from 155,000 in 2017 to 3.04 million in July this year. But laudable as the development is for ...
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Mandatory geo-tagging of PoS terminals: Boosting payment transparency, tackling e-fraud
Many Point-of-Sale (PoS) terminal operators often move their devices across locations or operate in unregistered areas, making it difficult to trace illicit activities. Geo-tagging closes this ...
The House of Representatives on Wednesday resolved to summon Central Bank of Nigeria Governor Olayemi Cardoso, and chief executive officers of commercial banks operating in the country to propose ...
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