POS Transactions
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Point of Sale (POS) transactions refer to electronic payment transactions made at retail locations.
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“POS geo-tagging is a tool for protection, not punishment” – Lotus Bank’s Akinlabi Adegoke
Bendada.com - Sep 16, 2025
Lotus Bank is the first non-interest bank headquartered in Lagos, Nigeria. The bank surpassed the ₦20 billion capital requirement set by the Central Bank of Nigeria.
POS TransactionsISO 20022Lotus BankMudarabah and MusharakahCentral Bank of Nigeria
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