The Concerned Point of Sale Operators in Nigeria has described the planned increase of transaction charges as outrageous and anti-people.
Chairman of the group, Kayode Salako, said the charge hike would compound the woes of many Nigerians.
Politics Nigeria recalls that the Association of Mobile Money and Bank Agents in Nigeria announced new service charges for operators in June.
The association said the increase in service charges was to ensure PoS operators survive amidst the rising inflation.
But Salako said the charge hike would compound the woes of many Nigerians.
“We have proposed N1,000 to N5,000 attract the service charge of N100 and N5,100 to N10,000 attract the service charge of N200; and from N10,100 to N15,000 attract the service charge of N300; and from N15,100 to N20,000 attract the service charge of N400,” Salako said.
“This has been adopted by our members across the country. We stand in solidarity with Nigerians in this period of hardship, and we think it will be satanic and unforgivable to add more outrageous prices to it.’
Salako also called on the Central Bank of Nigeria to review its cashless policy and increase the withdrawal limit for operators.
