PoS Terminals Deployed In Nigeria Rises To 3.04m

The number of Point of Sale (PoS) machines deployed by merchants and individuals across Nigeria rose to 3.04 million in July this year.

The Nigeria Inter-Bank Settlement System (NIBSS) disclosed this in its latest electronic payment data.

This represents a 32  per cent increase year on year when compared with the number of deployed terminals in the same period last year, which was 2.3 million.

The July 2024 figure indicated that a total of 744, 533 new PoS terminals were deployed between August 2023 and July 2024.