The national president of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), Sarafadeen Fasasi, has confirmed that the implementation of the Central Bank of Nigeria’s cash withdrawal limit policy has led Point of Sale (PoS) operators to adjust their service charges.
Fasasi explained that the policy, aimed at promoting cashless transactions, has increased operational costs for PoS operators, forcing them to review transaction fees to stay afloat.
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He urged the government to consider the economic realities faced by PoS operators and the vital role they play in providing financial services to underserved communities.
AMMBAN has called for dialogue with relevant authorities to address industry challenges and ensure financial inclusion remains accessible to Nigerians.
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