The Association of Mobile Money and Bank Agents in Nigeria, represented by their National Public Relations Officer, Oluwasegun Elegbede, has affirmed their commitment to the recently increased prices for Point of Sale (POS) transactions. In response to the association’s decision to raise transaction costs and implement new prices starting Monday, the Federal Competition and Consumer Protection Commission (FCCPC) intervened to halt the PoS transaction charges.
Speaking with The PUNCH, Elegbede emphasized that the association’s members have no plans to revert to the old prices, and they question the FCCPC’s stance on their price increase in comparison to other sectors with similar adjustments. Elegbede challenged whether the commission provides financial support or funding to their industry and called for a fair assessment of the situation.
