
DEPLOYED POS TERMINALS ACROSS NIGERIA HITS 2.7 MILLION IN MARCH 2024 – NIBSS
The number of Point of Sales (PoS) machines deployed in Nigeria rose to 2.7 million in March 2024, a 50% increase from the previous year.
The Nigeria Inter-Bank Settlement System (NIBSS) reported that 864,753 new PoS terminals were deployed in the last year, but the number for deployed PoS is still lower than the total registered terminals.
The growth of PoS transactions in Nigeria is driven by factors such as rapid adoption by merchants and the shortage of Automated Teller Machines (ATMs) deployed by banks.
Over 1.9 million PoS operators are currently battling a new directive that requires them to register their business with the Corporate Affairs Commission (CAC) by July 7.