Moniepoint, Opay, Palmpay, and Others to Block PoS Operators’ Accounts Ahead of CAC Deadline
Nigerian banks and fintech companies are preparing to block the accounts of Point of Sale (PoS) operators who have not registered their businesses with the Corporate Affairs Commission (CAC) by the impending deadline of July 7, 2024. This move follows a directive from the Central Bank of Nigeria (CBN), issued on April 30, 2024, which…
