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Nairaland Forum / Nairaland / General / Business / CBN Bars Agents From Using Pos Terminals For Transactions (66835 Views)
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Re: CBN Bars Agents From Using Pos Terminals For Transactions by baralatie(m): 9:51pm On Mar 15, 2023 |
The solution is to make cbn release cash to the banks than the creation of cash scarcity 2 Likes |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by pikechukwu6(m): 9:52pm On Mar 15, 2023 |
Supported, POS already turn to scam |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by frankson1(m): 9:52pm On Mar 15, 2023 |
Mozhac: Super markets shouldn't use it to make cash transactions. As business venture: Agents shouldn't exceed the both withdrawal and deposit limits and this would be regulated by the CBN. 2 Likes |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Whois(m): 9:53pm On Mar 15, 2023 |
How do we diferentet merchants terminals and agency banking terminals mcdokwe: 2 Likes |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by grandstar(m): 9:55pm On Mar 15, 2023 |
Does he want the people to starve? This was a man who thought of running for presidency This is just sadistic. |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by hakeemhakeem(m): 9:56pm On Mar 15, 2023 |
iHart:Banks are not threatened at all,banks are still in control of deposits and transfer made on pos.it only reduced the work load of banks employees |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by stevups(m): 9:59pm On Mar 15, 2023 |
FairlyUSEDpussy: Abi ooo. POS added to the problem Nigerians face 1 Like |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Akacollins7: 10:01pm On Mar 15, 2023 |
Way to go |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by baralatie(m): 10:02pm On Mar 15, 2023 |
stevups:Howdid pos contribute to the current problems |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Habeyy(m): 10:02pm On Mar 15, 2023 |
remsonik:Read to understand before commenting What cbn is saying is simple In lay man's term Big super stores, filling stations,mini financial agents that have "merchant" pos strictly for payment of services wiill be barred from using it as a means of retailing cash (withdrawal/deposit) to the masses.. 1 Like |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by baralatie(m): 10:02pm On Mar 15, 2023 |
All of you hailing this decision are very funny 1 Like |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by ChronicGp(m): 10:05pm On Mar 15, 2023 |
Know be small confusion for Nigeria people ooooo |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by blowjohn(m): 10:07pm On Mar 15, 2023 |
Elliotwaveforec: Omo ur confusing me the more o. I don't understand all this English. But again what is this Emefiele guy up to? He hasn't been able to help reduce inflation. Dollars still high. What is his own with pos again |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Pwhitelaw(m): 10:08pm On Mar 15, 2023 |
Read to understand...All he said was that if a particular POS was for a particular purpose it should be strictly used for that...Take for example a POS in the supermarket used for depositing cash and withdrawal..it's should strictly be used for payment only . |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by blowjohn(m): 10:08pm On Mar 15, 2023 |
Mozhac: What Are they madddd? This ma is up to something o |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Lolachef(f): 10:09pm On Mar 15, 2023 |
Bet u no understand wetin emefiele talk iHart: |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by blowjohn(m): 10:09pm On Mar 15, 2023 |
Pwhitelaw: So do they use the POS in supermarkets to give people cash 1 Like |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Aldol: 10:09pm On Mar 15, 2023 |
Stanweezy:He is the best cbn governor,after all this policy is only affecting Tinubu. Stop complaining we are enjoying the policy. |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by mcdokwe(m): 10:12pm On Mar 15, 2023 |
Whois: that is a regulatory issue, not physically distinguishable, even if they were, agency banking is an all comers affair, hence nothing stops a merchant from acquiring a terminal marked 'agency banking' for that purpose. 1 Like |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Omoapena(m): 10:12pm On Mar 15, 2023 |
This emefiele is becoming a confused man, so, if one wants to buy goods worth 500k and intends to use POS to make payments, the person won't be able to cuz its above daily card limits so how does he want people to make payments when merchants don't take transfers for such transaction.... 1 Like |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Chinedumsimpero(m): 10:13pm On Mar 15, 2023 |
Please is dis not fake news |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Chetas81(m): 10:14pm On Mar 15, 2023 |
tbobuneo:the Nigeria citizens have no decision π |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Skty: 10:14pm On Mar 15, 2023 |
ManirBK: I tire o..I nor understand o.. who are agents? Who qualifies to be an agent? |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Coldie(m): 10:14pm On Mar 15, 2023 |
iHart:They are doing the right thing though. Pos people would go and empty all the ATMs, u would see like 5 ATMs and they will all be out of cash |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Chetas81(m): 10:15pm On Mar 15, 2023 |
Chinedumsimpero:the effective will soon start πβοΈ |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Schoollifeitb: 10:16pm On Mar 15, 2023 |
domack99:we can't all be at the bank at same time..you allowed pos transaction don't tell me you don't generate from they..what is the essence of lifting the ban..banks in epe has badly damage ..there was a country |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by Skty: 10:16pm On Mar 15, 2023 |
mcdokwe: Clever u..na u come explain am wellπ |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by bluefilm: 10:19pm On Mar 15, 2023 |
Obaaderemi2: Thank you for the explanation. But come to think of it, how will they know the POS that are used for withdrawing money and those that are used for making payments in the supermarkets? 4 Likes |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by iHart(m): 10:19pm On Mar 15, 2023 |
hakeemhakeem:I visited my village the other day. I was surprised to see that the banking hall was empty. If that is the case on many locations, why have a gigantic building as a banking hall when all transactions could be managed via mobile app and POS? Soon banks will begin to close down many branches |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by blowjohn(m): 10:26pm On Mar 15, 2023 |
frankson1: How many supermarkets use pos to make cash transactions? And those that do, they don't even give our more than maybe 3k or something and it's usually to their favourite customers. Again it's not a regular thing. So how does it affect cbn? 1 Like |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by PoliteActivist: 10:27pm On Mar 15, 2023 |
Henrydata: Very good point. THEY CAN'T!!!! |
Re: CBN Bars Agents From Using Pos Terminals For Transactions by blowjohn(m): 10:27pm On Mar 15, 2023 |
bluefilm: Help me ask o. Sometimes i cab beg my supermarket dales girlt to help me with extra 1k or 2k and add it to my bill. Not all can do it cos of their oga. So how does it affect cbn? 2 Likes |
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