CBN orders geo-tagging of PoS terminals to curb fraud
The Central Bank of Nigeria (CBN) has issued a directive mandating that all Point of Sale (PoS) terminals in the country be geo-tagged within 60 days.
This is in a bid to curb fraud and improve oversight of the fast-growing PoS industry.
The directive, which affects licensed operators including Moniepoint, OPay, PalmPay, and commercial banks, requires that every PoS device currently in circulation be registered with its exact GPS coordinates. New PoS devices must also be geo-tagged before activation.
According to the apex bank, any device that fails to meet the requirement by the October 20, 2025 compliance deadline will be deactivated.
“The move is meant to curb fraud, stop the use of cloned or ‘ghost’ terminals, and make it easier to track transactions in real time,” the CBN stated in a circular released to operators.
