The surge in the use of Point of Sale (POS) machines has transformed Nigeria’s payment landscape, with over 1.8 million machines in use and a transaction value of over 41 trillion naira () in 2022 alone.

This shift has led to a decline in the use of Automated Teller Machines (ATMs), as Nigerians increasingly opt for the convenience and flexibility offered by POS machines.

Usman Umar has more in this report.