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In today’s edition: Nigeria enacts new cybersecurity levy || Nigeria’s POS agents to register with CAC || India and Ghana buddy up with payment integration || South Africans demand right-to-repair
The Central Bank of Nigeria (CBN) is working together with NEFF and AMMBAN to introduce a new feature on Point of Sale (PoS) terminals to curb fraud.
In today’s edition: Nigeria wants to tackle POS fraud || MTN invests $215 million in Benin || Will $500 million clear Nigeria’s backlog? || Kenya’s Apollo receives$10 million in funding
Agents location fraud: CBN in collaboration with partners, is creating a feature that will be on all PoS terminals from the Q1 of 2024.
On the morning of January 1st, 2021, Mutambi (another name withheld), the proprietor of Mutambi Cash Point Solutions dealing in mobile money services and agent banking (Stanbic bank) and based in Matugga, Wakiso district, woke up and went about his business normally. In the course of the day, using his account number 90300***, he made