This represents a 32% increase year on year when compared with the number of deployed terminals in the same period last year, which was 2.3 million.
The July 2024 figure indicated that a total of 744, 533 new PoS terminals were deployed between August 2023 and July 2024.
However, the figure for deployed PoS is still lower than the total registered terminals.
PoS transactionsMeanwhile, the value of PoS transactions in the country surged to N1.01 trillion, reflecting a growing shift towards cashless transactions in Nigeria.
PoS transactions value in the country hit an all-time high of N1.15 trillion in March last year, when the PoS value hit an all-time high is attributable to the unusual cash scarcity during the period, which forced many Nigerians to embrace electronic transactions.
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