The National Public Relations Officer, Association of Mobile Money and Bank Agents in Nigeria, Oluwasegun Elegbede, has said its members have no intention to revert to old prices charged for services, Punch reported.
PoS agents under the association recently announced increases in the cost of PoS transaction costs and began the implementation of the new prices on Monday.
Following the move, the Federal Competition and Consumer Protection Commission moved to stop the PoS transaction charges.
Speaking with The PUNCH, Elegbede said, “What has the commission done to other price increases across other sectors? We are waiting for the enforcement or the sanction.
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Read also: PoS operators insist on new charges
Despite recent criticisms of plans to increase the price of service charges, the Association of Mobile Money and Bank Agents in Nigeria has said current economic conditions have not prompted point-of-sale operators to reconsider their plans to implement the new framework