UBA To Deploy 25,000 PoS Terminals In Lagos As Cashless Society Sets In

As Nigeria gradually moves from cash-based to electronic based transactions by virtue of Central Bank of Nigeria’s (CBN) cash-lite policy, United Bank of Africa (UBA) Plc which currently has 700 branches across the country has disclosed plans to deploy 25, 000 of Point of Sale (PoS) terminals in Lagos by December 2012. Luqman Balogun, group director, E-banking, UBA who made this revelation at a media parley in Lagos on Friday, said the bank was fully equipped to support CBN’s financial inclusion strategy.



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