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167,000 POS operators currently functional in Nigeria

Due to the rising demand for alternative payment platforms, Nigeria has grown the number of its Point of Sale (POS) operators to about 167,000, the…

Due to the rising demand for alternative payment platforms, Nigeria has grown the number of its Point of Sale (POS) operators to about 167,000, the Association of Point of Sale Users in Nigeria (APOSUN), has revealed.

Ibrahim Abdullahi, Chairman of the Board of Trustees (BOT) of APOSUN, stated this when the association paid an advocacy visit to the FCT command of the Department of State Services (DSS) in Abuja recently.

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He said, “There were 167,000 POS partners as at March, 2022, which included banks and other issuing institutions like merchant companies, because since 2013 when the Central Bank of Nigeria introduced the use of POS for banking, POS has been widely accepted in every nook and cranny of the country.”

Abdullahi said APOSUN, registered three years ago, aimed at creating jobs for Nigeria’s teeming unemployed youths and minimising crime, while seeking the need for security backing to effectively complement the activities of operators.

Responding, the DSS Director, FCT Command, Ado Mu’azu, assured of the support of the DSS, adding that dealing with an association was better than dealing with individual cases which was usually cumbersome.

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