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POS business is growing in Nigeria: N3.01 trillion in HI 2021

Nigeria Needs Fingerprint-Based Debit Cards with Contactless POS Terminals  - Tekedia

POS business is growing in Nigeria: N3.01 trillion in HI 2021 alone.

The value of point of sales transactions made in Nigeria jumped to N3.01 trillion in the first half of 2021, with a total volume of 462.11 million transactions in the same period. This is according to the report released by the Nigeria Inter-Bank Settlement System (NIBSS) for the month of June 2021. This represents a 50% increase compared to N2 trillion recorded in the corresponding period of 2020 and a 10.3% increase against N2.72 trillion recorded in the second half of 2020. The increase in the value of POS transactions in Nigeria shows the spending patterns of Nigerians and payment preferences as compared to cash payments

POS still hold the potentials to solve the last mile issue. With little twick here and there we would experience massive inclusion.

We need to learn from evangelism- this guys have a way around remote areas!