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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.

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