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POS transactions

PoS transactions hit N1trn in Q1 2020

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Not less than a whopping total transactions turnover of N1.01trillion was recorded on Point of Sale (PoS) terminal for the first three months of 2020, statistics from the Nigeria Inter-Bank Settlement Scheme (NIBSS) has shown. A breakdown of the data shows that in January 2020, N313.43 billion worth of transactions were carried out, an amount […]

E-payment: PoS transactions: turnover hits N1.41trn in one year

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As more retail Merchants embraced electronic payment (e-payment) system across the country, the Nigeria Inter-Bank Settlement System (NIBSS) has said that Points of Sales (PoS) transactions turnover recorded has increased to N1.41 trillion in 2017 against N0.76 trn recorded in 2016, N0.45 trn declared in 2015 and N0.31 trn in 2014. The NIBSS latest report, […]