Many Nigerians experienced declined transactions on Point of Sales terminals all over the country as PoS transactions failure rate hit 23 per cent on Friday afternoon, the first day of Eid-El Kabir.
Live transaction updates obtained from the Nigeria Inter-Bank Settlement System showed that about 309,016 attempts to make payments on PoS terminals were not successful out of a total of 1.349 million transactions conducted as of 3.16pm.
The statistics indicated that 33,260 errors emanated from the acquirer banks and 19,728 errors, which originated from the processors, also contributed significantly to the failed funds transfer and payments carried out by retailers and merchants. Meanwhile, bank customers carried out over one million transactions on NIBSS Instant Pay platform on Friday, the live updates showed.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eid-el-Kabir: El-rufai permits congregational prayers in open spaces - Daily Post NigeriaGovernor of Kaduna State, Malam Nasir El-Rufai has announced that congregational prayers can be held in open spaces in celebration of Eid-el-Kabir
Read more »
Eid-el-Kabir: IGP orders intensive patrol across NigeriaThe federal government declared Thursday and Friday, July 30 and 31, as public holidays to mark this year’s Eid-el-Kabir celebration.
Read more »
Eid El Kabir: Lawan, Omo-Agege, Ekweremadu, others felicitate with MuslimsThe Senate President, Ahmad Lawan, on Thursday felicitated with all Nigerians and in particular the Muslim Ummah on the occasion of this year's...
Read more »
Makinde opens praying grounds for Eid-el-Kabir in OyoThe Oyo State Government, on Thursday, said Muslim praying grounds across the state will be opened for the 2020 Eid-el-Kabir prayers, stressing that attendants must ensure strict compliance with CO…
Read more »
Eid-el-Kabir: Ayade tasks Muslims on sacrifice, tolerance - Daily Post NigeriaCross River State Governor, Sir Ben Ayade, has urged Muslims in Nigeria, particularly those living in the state to put aside their differences and push
Read more »