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The latest industry news, interviews, technologies, and resources.
Christmas Spending Pushes POS Transactions in Nigeria to All-Time High of N6.4 Trillion in 2021
Nigeria’s acceptance for digital means of payment has improved in recent time, however, the Christmas festivity contributed significantly to the surge in the review year.
Point of Sale Transaction Hits N6.4tn, Cheques Usage Up 3.9% in 2021
Point of sale (PoS) transactions increased usage as the value of transactions on the platform for 2021 rose to N6.43 trillion, a 36 per cent improvement compared to N4.72 trillion recorded in 2020.
Simplifying Nigeria’s Payment System
Indeed, a sound payment system infrastructure, where operators and customers can transact business with confidence and convenience, trust and timeliness, underpins many of these reforms.