Oluwasegun Elegbede, National Public Relations Officer for the Association of Mobile Money and Bank Agents in Nigeria, has stated that the members have no intention of returning to the previous prices charged.
POS agents earlier announced increases in the cost of POS transaction costs and began the implementation of the new prices on Monday.
Despite recent criticism over plans to increase the price of service charges of point-of-sale, the association insist on new price implementation.
The NPRO who spoke with the Punch said, Elegbede said, “What has the commission done to other price increases across other sectors? We are waiting for the enforcement or the sanction.
We want to know if it is the commission that is funding us or giving us support? We need to ask them the right questions. What are they doing as regards other segments of the economy that are also increasing prices?”
Elegbede added that, “Our members have started adjusting their prices. Also, they got the rude shock that pump prices have jumped up. I know a few agents are concerned about what the FCCPC is saying, but before the end of the week, and judging by the increment in prices, many will join.
Compliance is going on, and we are making sure it is. The implementation is national. Many states have confirmed that they have announced new rates, they may not have done it in the papers, but they have.”
