The Nigeria Inter-Bank Settlement System (NIBSS) has said 744,987 Point of Sale (PoS) machines out of the total 2.363 million registered across the country as of November this year, are either yet to be deployed or have become inactive.
It also disclosed that the total number of (PoS) machines deployed by merchants and individuals across Nigeria hit 1.6 million in November 2022 and that that a total of 703, 208 PoS terminals were deployed in the past eleven months (between January and November 2022), while as of December 2021, the total number of deployed PoS in the country stood at 915,519.
Te NIBSS report also showed that the value of transactions over PoS terminals in Nigeria increased to N759.2 billion in November 2022, making it the highest monthly transaction record on the platform.
Year on year, the November figure shows a 35 per cent increase when compared with the N560.2 billion recorded in the same month last year.
The NIBSS data also shows that Nigerians have in the last 11 months of this year spent a total of N7.56 trillion over PoS.
In spite December value yet to be added, this has surpassed the amount recorded in the full year 2021, which stood at N6.4 trillion.
