Sha I been never talk for this matter since e come up so make I talk small, people wey think say POS people go run out of business no understand wetin this new rules go do for them.
Government say na only ATM go dey remit 2,2 hundred Naira note oh dem no say POS follow and beside POS na individual businesses wey fit dey remit any denomination wey dem want meaning businesses go dey go well for dem. The maximum limit go affect everyone sha but with POS you fit they collect 200, 500, 1000 etc and trust Nigerians dem go use fees kill us.
When people talk of POS services running into issues, the question here isn't the denomination they would be able to pay to customers. PoS is a business were customers make a transfer either through their ATM card (remember that the limit on PoS terminals is now 20k daily) or mobile banking (most Nigerians can never reach the daily limit on this very one Government say na only ATM go dey remit 2,2 hundred Naira note oh dem no say POS follow and beside POS na individual businesses wey fit dey remit any denomination wey dem want meaning businesses go dey go well for dem. The maximum limit go affect everyone sha but with POS you fit they collect 200, 500, 1000 etc and trust Nigerians dem go use fees kill us.
) in return for cash, thus if cash is scarce/unavailable, they (PoS services) wouldn't have sufficient funds to pay to their customers who would make transfers to them, thus reducing their daily income. Having said that, Mind you that they themselves also have to withdraw the said cash they pay to customers from the bank, and now there is a 100k weekly limit at ATM stands, whilst over the counter banking allows 100k and 500k weekly for individuals and businesses respectively, with 'outrageous' charges if you decide to go above those limits. It definitely is going to affect big PoS services because most of them pay amounts higher than these to their customers daily.