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Volume Of PoS Transactions Falls By 2%
Findings in the electronic payment data from the Nigerian Interbank Settlement System have shown that the volume of Point of Sales (PoS) transactions fell Month-on-Month (MoM) by two per cent to 85.2 million in December 2022 from 86.7 million in November. Also, the value of PoS transactions rose MoM by 8.8 per cent to N826.3…
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PoS Transactions Hit N13.67tn In Three Years
According to data obtained from the Nigeria Inter-Bank Settlement System Plc portal, the Point of Sale for transactions has risen to N13.67tn in three years. The data showed that the aggregate PoS transactions between January 2019 and November 2021 was N13.67tn. However, the total transactions with cheque within the same period was N10.67tn. In its…