THE NATION
The Independent Petroleum Marketers Association of Nigeria (IPMAN) at the weekend lamented that transaction glitches due to poor network by banks were frustrating the use of electronic payments by petrol stations.
The association called on the government and other stakeholders to address the problem of poor bank network that are associated with the Point of Sale (PoS) and transfer transactions at the retail stations across the country.
IPMAN National Vice President Alhaji Abubakar Maigandi, stated thhse in an interview on the impacts of the cashless policy (POS and transfer) on the Premium Motor Spirit (PMS) petrol.
He said: “The challenge we are facing is the network. Someone will buy fuel and transfer the money but the marketer does not get the instant alert. At times, the alert hangs.
“Therefore, I think the government should try as much as possible and make the network effective, so that the transfer alert will immediately hit the account.We are on it…
