PoS: Anger, frustration as operators take over banks’ ATM function
*Customers lament sad experiences in states *Banks sell cash to us — Delta PoS operator *I pay N400 to access N10,000 — PoS operator *I tip bank officials N2,000 to withdraw N100,000 from ATM’ NIGERIANS are angry and complaining bitterly over outrageous volume of money Point of Sale, PoS, operators withdraw from banks. Some expressed concern that PoS operators are taking over the Automatic Teller Machine, ATM, services from banks across the country. Many resorted to PoS operators when they found after many stopovers at their banks for self-service that the ATMs were usually empty but cash was available with PoS operators. On their part, PoS operators narrated huge risks and measures they undertake to get cash, including paying bank officials, saying the charges must be adequate to enable them remain in business. Banks, PoS operators collaboration in Ondo, Ekiti, Ogun, Lagos, others In Ondo and Ekiti states, findings showed that bank workers and PoS operators work toget...