Economic experts have endorsed the Central Bank of Nigeria’s (CBN) directive mandating the geo-tagging of all Point-of-Sale (PoS) terminals nationwide, describing it as a bold step that will ...
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Mandatory geo-tagging of PoS terminals: Boosting payment transparency, tackling e-fraud
Many Point-of-Sale (PoS) terminal operators often move their devices across locations or operate in unregistered areas, making it difficult to trace illicit activities. Geo-tagging closes this ...
The Central Bank of Nigeria (CBN) has issued a directive mandating that all Point of Sale (PoS) terminals in the country be geo-tagged within 60 days. This is in a bid to curb fraud and improve ...
Several PoS terminals have reportedly been linked to scams, illegal fund transfers, and even ransom payments. With this new geo-tagging policy, the CBN said it aims to strengthen security, ensure ...
The Association of Mobile Money & Bank Agents in Nigeria has cautioned against a rushed approach to the implementation of the geo-tagging of Point of Sales terminals in the country as mandated by the ...
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