FCCPC: PoS operators risk N10m fine, jail term over charges hike thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.
PoS agents under the association recently announced increases in the cost of PoS transaction costs and began the implementation of the new prices on Monday.
The announcement of a new price list by the Lagos Chapter of the Association of Mobile money and Bank Agents in Nigeria (AMMBAN) has caused an uproar as people perceive the increase on transaction charges to be unjustified and uncalled for.
The Association of Mobile Money and Bank Agents in Nigeria has said the recent increase in service charges was to ensure Point of Sale operators survive and remain in business.