PoS operators speak on increasing service charge over new cash withdrawal policy

The National President, AMMBAN, Victor Olojo, disclosed this position in an exclusive chat with The PUNCH.

The group, via their registered community known as the Association of Mobile Money and Bank Agents in Nigeria, AMMBAN has confirmed that the decision of the CBN to review cash withdrawal limits for customers will not affect their businesses for now.

The CBN, in a recent announcement, disclosed that effective January 9, 2023, it will be limiting the withdrawal amount by individuals and corporate organizations to N500,000 and N5 million respectively.