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  2. Cash-less Nigeria - Wikipedia

    en.wikipedia.org/wiki/Cash-less_Nigeria

    Cash-less Nigeria is a policy established in the year 2012 by the Central Bank of Nigeria to curb excesses in the handling of cash in the Nigerian federation. It prescribed a cash handling charges on daily withdrawal above five hundred thousand Naira (N500,000.00) for individuals and three million Naira for corporate bodies (N3, 000,000.00).

  3. EFTPOS - Wikipedia

    en.wikipedia.org/wiki/EFTPOS

    There is no additional cost to the merchant in providing cash out because banks charge a merchant a debit card transaction fee per EFTPOS transaction, [7] and not on the transaction value. Cash out is a facility provided by the merchant, and not the bank, so the merchant can limit or vary how much cash can be withdrawn at a time, or suspend the ...

  4. Treasury single account - Wikipedia

    en.wikipedia.org/wiki/Treasury_single_account

    Nigeria, like many middle income countries, employed fragmented systems in handling government receipts and payments up to 2012. [ 5 ] The introduction of the Treasury Single Account policy therefore was vital in reducing the proliferation of bank accounts operated by ministries, departments and agencies (MDAs) towards promoting financial ...

  5. Payment terminal - Wikipedia

    en.wikipedia.org/wiki/Payment_terminal

    PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers.

  6. Federal Competition and Consumer Protection Commission

    en.wikipedia.org/wiki/Federal_Competition_and...

    The Commission was established by the Federal Competition and Consumer Protection Act (FCCPA) 2018. among others, develop and promote fair, efficient and competitive markets in the Nigerian economy, facilitate access by all citizens to safe products, and secure the protection of rights for all consumers in Nigeria.

  7. 13 common bank fees you shouldn't be paying — and how to ...

    www.aol.com/finance/avoid-common-bank-fees...

    CIT Bank eChecking reimburses up to $30 in out-of-network ATM fees each month with no monthly maintenance fees. 5. Foreign transaction fees. 💵 Typical cost: 3% of each transaction. If you're in ...

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