Central Bank of Nigeria (CBN) has licensed Computer Warehouse Group (CWG), the Pan-African information communication technology company, to perform the activities of payment terminal service provider (PTSP) to point-of-sale terminals (POS) in Nigeria.
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The PTSP license certifies that a company has the infrastructure to competently deploy, maintain and provide support for PoS terminals in Nigeria.
The license will allow CWG to offer services to acquirers covering all aspects relating to terminal management support, including purchase and replacement of spare parts, provision of connectivity, training, repairs, and development of value added services.
CWG chief technology officer James Agada said: "The deployment of our POS terminals is inclusive of our business package for SMEs.
"We believe that there should be 17 million terminals if there are over 17 million existing SMEs in the country. This would aid in the growth of smaller businesses and consolidate the cashless economy initiative of the government."
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By GlobalData
