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Banks Indirectly Enriching Bureau De Change Operators At POS Operators Detriment - Business - Nairaland

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Banks Indirectly Enriching Bureau De Change Operators At POS Operators Detriment by Alarinka1: 5:10pm On Aug 18, 2020
The COVID-19 measures adopted by Nigerian banks are enriching the Bureau de Change operators in Lagos at the detriment of POS operators. Since the banking industry opened fully to the public after two months of skeletal operation caused by the nationwide lockdown, bank premises have been crowded within the state.

The banks had closed some branches as they gradually opened to the public since May 4, 2020. This decision had led to overcrowding in the branches opened and coupled with the directive that customers should be at a minimum in the banking hall, many customers were denied services by the banks.

Daily, the queue in GTBank branches, Access Bank, Zenith Bank, UBA, and many other first-tier banks stretched beyond the compound of these banks, and many customers have to come to the banks for two or three days before they get attended to, while some customers have still not visited their banks due to the queue and difficulty in getting attended to.

Bureau De Change Take Advantage Of The Lapses

While the stress and difficulty in getting bank services are due to safety measures, the new process in banks is affecting the business of POS operators, as they can't withdraw cash for their businesses. Some POS operators go and leave the banks empty-handed due to the queue.

Except for POS operators who arrive as early as 6 am before the queue becomes long. Yet, the process has been affecting their business financially and consuming their time, as POS operators now spend less time at their kiosk than they use to post-COVID-19.

In order to avoid leaving the banks empty-handed or standing on the queue for long hours, POS operators now have to.... https://allnews.ng/news/banks-indirectly-enriching-bureau-de-charge-operators-at-pos-operators-detriment

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Re: Banks Indirectly Enriching Bureau De Change Operators At POS Operators Detriment by Ugaboy: 5:26pm On Aug 18, 2020

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