PoS operators in Nigeria raised fees due to a new ₦50 levy. The ₦50 levy applies to transactions of ₦10,000 or more. The charge affects both fintech platforms and bank-affiliated PoS agents. Point-of-Sale (PoS) operators across Nigeria have increased their withdrawal fees, now charging between ₦150 and ₦200 for every ₦5,000 transaction, up from ₦100 … Read more
PayPal has confirmed a global outage impacting its services, citing a “system issue” affecting multiple products, including account withdrawals and express checkout. In a statement on its service status page, the payment giant assured users that its technical teams are “actively working to resolve the issue.” The outage has left thousands of customers worldwide unable … Read more
Nigeria’s recent attempts to stifle crypto transactions feel like a missed opportunity. While concerns about money laundering and naira volatility are understandable, a blanket ban ignores the potential crypto holds for our nation’s young people, a demographic desperate for economic empowerment. EDITOR’S PICKS MTN Nigeria To Adjust Call tariffs Amid Operational Challenges Details As Tinubu’s … Read more