The more than a million banking agents that have embraced Point of Sale (PoS) terminals of operators like OPay, PalmPay, and Moniepoint would not give them up any time soon.
However, many of the agents are grappling with the rising cost of operations on these platforms and this contributed to the latest decision to increase PoS charges in Lagos. Ogun, Edo, and Oyo states have also reviewed their prices, according to Victor Olojo, president of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN).
