Cash Shortage, ₦50 Levy Force PoS Agents To Hike Withdrawal Charges

Breaking: CAC To Sanction POS Operators For Failure To Register Their Businesses As September 5 Deadline Lapses

Point-of-Sale (PoS) operators across Nigeria have raised their withdrawal fees, charging between ₦150 to ₦200 for every ₦5,000 transaction, up from the previous rate of ₦100. The operators attribute this increase to the ₦50 Electronic Money Transfer Levy (EMTL) imposed by the… Cash Shortage, ₦50 Levy Force PoS Agents To Hike Withdrawal Charges …C0NTINUE READING … Read more