he Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has announced an upward review of charges for Point of Sales (POS) transactions. Spokesperson of the Lagos Chapter of AMMBAN, Stephen Adeoye, confirmed the development on Friday
Giving details of the unified price list for POS transactions on Channels Television, Adeoye explained that for withdrawals up to N1,000 and N2,400, Nigerians are expected to pay a service charge of N100 while from N2,500 to N4,000, it is N200. Withdrawals from N4,100 to N6,400 will incur a service fee of N300, while N6,500 to N7,900 is N400 and N8,000 to N10,900 will pay N500. Adeoye said withdrawals from N11,000 to N14,400 will attract a service charge of N600 while N14,500 to N17,900 will cough out N700 and N18,000 to N20,000 will now pay N800.
For charges on deposits, Adeoye said for transactions up to N1,000 and N4,900, Nigerians are expected to pay a service charge of N100 while N5,000 to N10,900 is now N200. According to him, deposits from N11,000 to N20,900 will incur a service fee of N300 while N21,000 to N30,900 will now attract a service charge of N400.
