Nigerians Shun PoS Transactions Over Charges   The volume of electronic payment transactions through Point of Sale (PoS) terminals dropped by 4.83 billion in one month. It dipped from 46.13 billion deals in December 2019 to 41.3 billion in January, according to the Nigerian Interbank Settlement...

E-Payments Hit N10.89trn In January   Nigerian banks facilitated electronic payments valued at N10.89tn in January, a 29 per cent increase in transactions as against N8.41tn recorded in January 2019. This is as the volume of electronic payments rose to 160.18 million, recording 58 per cent increase...

FG Implements Finance Act, Charges 7.5% VAT On Transactions   The Federal Government has begun the implementation of some aspects of the Finance Act with the imposition of 7.5 per cent Value Added Tax on government transactions. The Accountant-General of the Federation, Alhaji Ahmed Idris, confirmed the...

Paga's Transactions Hit N1.5trn In 7 Years Paga, one of the mobile payments companies, says it has crossed N1.5tn in transactions since its commercial launch in August 2012. This showed a continuous pattern of steady growth, a statement said. Since 2012 to date, the company said it...

Transactions via Mobile Devices Rises By 56% In 9Months The efforts to leverage mobile phones to create a cashless economy and drive financial inclusion are yielding results as financial transactions on mobile devices continue to soar. the value of transactions via mobile devices rose by 56%...

PoS Records 826,712 Transactions In A Day Individuals and organisations making transactions with the Point of Sale have continued to rise, despite the occurrence of failed transactions, a new survey has shown. A total of 826,712 PoS transactions occurred in the country on September 13, 2018,...