Citation:

Taiwo James Odebola. "The Syzygy of the Operations and Drawbacks of POS (Point of Sale) in Nigeria as a Financial Inclusion Product" International Research Journal of Economics and Management Studies, Vol. 1, No. 2, pp. 39-44, 2022.

Abstract:

This work is pivotal on the operations and downsides of the Point of Sale (POS) operators cum operations in Nigeria, a fusion of the prevalent advantages and the disadvantages of the business. It is an article reviewing the merits of their operations, the issues faced by merchants and their numerous customers, more importantly, are the shortfalls confronting the operators in relation to imminent issues attendant in their operations on occasions when there is bank network problem. However, this work takes cue from existing online articles most of which are recent to buttress and justify the positions and submissions on which the article is pivoted. The article sits on the narrative and fact that POS, as e-payment channel engenders financial inclusion and takes banking to the underserviced areas as the increasing importance of financial inclusion, a catalyst for economic growth and development is gaining momentum and has been embraced, hence POS as a digital payment platform and a financial inclusion product is significantly contributing to Nigerian economic and financial growth.

References:

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Keywords:

Point of Sale, Banks Underserved Areas, Fintech, POS Operations in Nigeria, Agency Banking, Nigeria.