Going by directives from the Central Bank of Nigeria (CBN) based on the cybersecurity levy, for PoS operators to register their agents, merchants, and individuals, it seems Nigerians would soon have to deal with increased charges from POS transactions.
The CAC through the registrar-general and chief executive officer (CEO) Hussaini Magaji had issued a two-month registration deadline to PoS operators to register their agents, merchants, and individuals with the commission in line with legal requirements and the directives of the CBN.
This directive has however been met with protests from some operators who argued that it would drive up the charges payable by their customers.
