POS: Operators Insist On New Charges

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The National Public Relations Officer, Association of Mobile Money and Bank Agents in Nigeria, Oluwasegun Elegbede, has said its members have no intention to revert to old prices charged for services.

PoS agents under the association recently announced increases in the cost of PoS transaction costs and began the implementation of the new prices on Monday.

Following the move, the Federal Competition and Consumer Protection Commission moved to stop the PoS transaction charges.

The Executive Vice Chairman/Chief Executive Officer, FCCPC, Babatunde Irukera, said in an exclusive interview that the commission was ready to issue an order to bar PoS from continuing with their action.