Ghana ranks second in Africa in the use of Point of Sale (PoS) transactions technology

Ghana is performing better than Nigeria when it comes to using Point of Sale (PoS) channel for payments during transactions, a report has revealed.

According to Indexmundi, Ghana ranks second in Africa regarding PoS adoption as reflected by the proportion of transactions made via PoS machines while Nigeria ranks seventh. Paxnigerian.com, which quoted the report, noted that while 80 per cent of all transactions in Ghana are via PoS, only 21 per cent of total transactions in Nigeria are via PoS.

NEW MODERN WORLD Co. LTD & CEO Wins 3 Awards at National Brands Innovations Awards 2023

June 1, 2023

Domestic Debt Exchange (DDE) bonds program deadline extended to January 31.

As Government Passes Off The Consequences Of Its Incompetence To The Citizens, We Take A Look At The Domestic Debt Exchange (DDE)

January 17, 2023

“South Africa is leading in Africa with 91 per cent followed by Ghana 80 per cent while Tunisia is third with 79 per cent. Other countries ahead of Nigeria are Egypt, Morocco and Kenya in that order,” it added

According to Central Bank of Nigeria (CBN), the PoS density per 100,000 people in Nigeria is 13, while India’s is 67; Uganda, 453; Namibia, 338. The target for Nigeria, according to the bank, is to meet Brazil’s PoS deployment rate of 2,247 per 100,000 people by 2020.

Source:thisdaylive.com