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Nairaland Forum / Nairaland / General / Business / CBN Reduces Charge On POS, Credit, Debit Cards (1218 Views)
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CBN Reduces Charge On POS, Credit, Debit Cards by ProsperChild: 6:27pm On Sep 18, 2019 |
CBN Reduces Charge On POS, Credit, Debit Cards dailyadvent.com Sep 18, 2019 3:07 PM  The Central Bank Of Nigeria has announced a downward review of charges applicable to merchant payments – transactions through Point of Sale (POS), Automated Teller Machine (ATM), Debit and Credit Cards.  This comes as the country’s apex bank has introduced new cashless policy – which stipulates new charges on cash transactions in excess of N500,000 and N3,000,000 for individual and coperate accounts respectively.  Godwin Emefiele, CBN Governor In a memo sent to all Banks processor/Switches, on 18 September, the CBN stated a downward review from 0.75% capped at N1,200 to 0.50% capped at N1,000 as it orders banks to unbundle merchant settlement amounts and charge applicable taxes and duties on individual transactions. Source: www.dailyadvent.com/politics/2019/09/18/cbn-reduces-charge-on-pos-credit-debit-cards/ |
Re: CBN Reduces Charge On POS, Credit, Debit Cards by Nobody: 6:38pm On Sep 18, 2019 |
Damage control? ProsperChild: |
Re: CBN Reduces Charge On POS, Credit, Debit Cards by Nobody: 6:57pm On Sep 18, 2019 |
Useless man and his wereeey policies 1 Like |
(1) (Reply)
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