The value of transactions over Point of Sales (PoS) terminals in Nigeria surged to $12.1 billion in 2024, hitting an all-time yearly record.
This is according to data obtained from the Nigeria Inter-Bank Settlement System (NIBSS).
Fuelled by a protracted scarcity of cash at ATMs and the aggressive push in PoS deployments by fintech companies, the 2024 record represents a 69% increase when compared with the value of PoS transactions in 2023 at $7.2 billion.
Read more at Nairametrics
This is according to data obtained from the Nigeria Inter-Bank Settlement System (NIBSS).
Fuelled by a protracted scarcity of cash at ATMs and the aggressive push in PoS deployments by fintech companies, the 2024 record represents a 69% increase when compared with the value of PoS transactions in 2023 at $7.2 billion.
Read more at Nairametrics