Top 10 best POS machines in Nigeria

Top 10 best POS machines in Nigeria

Read all about the best POS machines in Nigeria.

The POS business is ever increasing in popularity in Nigeria, as there is almost a POS shop on every street corner in the business area of the country.

This is because the business is very profitable and does not require much capital to start and begin making profit.

Starting a POS business means that you will have to get your hands on a POS machine which is readily provided by different fintech companies and also banks in Nigeria.

There are so many options to choose from, and as a new comer in the sector, it can become a daunting task to know which is the best to go for.

I have done the difficult job for you, as I am going to be writing about the Top 10 best POS machines in Nigeria and more.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

 

What is a POS machine?

The Point of sale is a hardware system for processing card payments at retail locations. With the POS machine, you can buy airtime, perform cash transfer, pay bills and so many more.

The POS systems solves many problems, they save time, process transactions very fast and give the customers a choice on how to pay.

Best POS machines in Nigeria

The following are some of the best POS machines available in Nigeria:

Opay POS

Opay

Opay digital services limited is a company founded by Opera Norway AS gtoup with footprints in emerging markets across Asia, Africa & Latin America.

The Opay POS machines is one of the most popular and leading POS in the country, it is trusted by so many and very reliable.

To get started, you will need to download the Opay app and register/sign up to become an Opay agent.

The Opay POS machine is FREE, buy you will have to pay a caution fee of 20,000 naira, which is refundable, when you return the Opay POS terminal.

Read my post on how to get Opay POS

Requirements to get Opay POS

  1. BVN (Bank verification number)
  2. Utility bill like NEPA bill
  3. Passport photography
  4. Valid ID card (Voter’s card, National identity card, international passport)
  5. A valid shop address

Moniepoint

Moniepoint is another very popular & used POS machine, which is reliable and trusted by thousands of people in Nigeria.

The Moniepoint POS cost about 25,000 naira and you can visit the nearest Moniepoint office locations to get your machine.

You will have to fill a registration form and provide all the required documents, the form is available on the moniepoint official website https://moniepoint.com

Requirements to get Moniepoint POS machine

  1. Utility bill (NEPA bill)
  2. An official business license
  3. Valid ID card (Voter’s card, National identity card, international passport)
  4. Bank verification number (BVN)

Moniepoint contact channels

Phone number: +234 814 150 0017

Email: support@moniepoint.com

Facebook: https://facebook.com/moniepoint

Twitter: https://twitter.com/moniepoint

Instagram: https://instagram.com/moniepoint

Kudi/Nomba POS

Nomba, which was formerly known as Kudi is an international form that is based in Nigeria, which is officially registered with the corporate affairs commission (CAC).

The Nomba POS is FREE but you will need to pay a caution fee of 20,000 naira, which is refunded when you return the POS machine without any faults.

You will need to download the app and sign up or visit the nearest office, fill the form and pay the 20,000 naira to get the POS machine.

Requirements to get Nomba POS

  1. Bank verification number (BVN)
  2. Utility bill (NEPA bill)
  3. Passport photograph

Nomba contact channels:

https://twitter.com/kudihq

https://instagram.com/kudihq

Paycentre POS

Paycentre is a Central bank of Nigeria (CBN) licensed mobile money & agency banking service provider in Nigeria.

The Paycentre POS is used by many retail shop owners in Nigeria and allows you to carry out transactions like buying airtime, transferring money, paying bills and many more.

To get a Paycentre POS, you will need to sign up on the Paycentre app or website and fill the agent application form.

Requirements to get a Paycentre POS

  1. Valid ID (Voter’s card, National identity card, international passport)
  2. Passport photograph
  3. Utility bill (NEPA bill)
  4. Physical location
  5. CAC certificate

Paga POS

Another very popularly used and trusted POS is the PAGA POS machine which you can get at a cost of 30,000 naira.

You will need to register as a PAGA agent on the Paga website or on the paga app, which you can download from the google playstore or iOS app store.

Read my post on how to become a Paga agent

Paga contact channels

Twitter: https://twitter.com/paga

Facebook: https://facebook.com/mypaga.com

Baxi Box POS

Baxi Box is a fintech company that provides agency banking services in Nigeria. The Baxi Box POS allows you to carry out transactions like buying airtime, transferring money, paying bills and many more. It is a popular choice among retail store owners in Nigeria.

The Baxi Box POS cost about 90,000 naira and you can get It by visiting the nearest Baxi Box office or by registering on the official website.

FirstMonie POS

The first bank first monie POS allows you to carry out banking transactions like buying airtime, open account, withdraw money, deposit money and many more.

Unlike many other POS operators that require you to pay an amount of money in other to get their POS machine, the firstmonie POS is free of cost and only requires you have the following:

  1. An existing business
  2. A business location that is visible and accessible
  3. A valid ID card (voter’s card, national ID card, driver’s license, international passport)
  4. Biometric Verification Number (BVN)
  5. 1-3 months old utility bill (Preferably PHCN Bill)
  6. Corporate bodies must have their business registration documents

To get the firstmonie POS machine, you will need to visit the nearest first bank branch and fill the form to register as an agent banker.

Access bank POS

To get the Access bank POS, you will need to register as a CLOSA agent. The CLOSE agent can perform transactions like money transfer, buying airtime, paying bills and many more.

The POS is FREE but you will have to meet certain requirements including having a bank account with Access bank.

Requirements to get Access bank POS

  1. A visible business location which is easily accessible
  2. Minimum working capital of N50,000
  3. Valid ID card, mainly Voter’s card, Driver’s License, International passport, National ID card.
  4. Utility bill
  5. Business registration documents for corporate bodies

To register as a CLOSE agent, you will need to visit the nearest access bank branch and fill the agency banking form.

Polaris bank SurePadi POS

The Polaris bank surepadi POS is a very popular choice among shop owners as it is very reliable and secure.

To get the SurePadi POS, you will need to visit the nearest Polaris bank branch and register as an agent by filling the form given to you.

Requirements to get SurePadi POS

  1. Bank verification number (BVN)
  2. Utility bill (NEPA bill)
  3. Passport photograph

GTBank

You can also get a POS machine from Gtbank, which is also one of the best available. You will need to open a Gtbank business current account. After which you can then apply for the Gtbank POS by completing a form.

As a Gtbank POS agent, you can carry out transactions like opening account, cash withdrawal, cash deposit, buying airtime, paying bills and many more.

Summary

With the above you should now have an idea on the best POS machines in Nigeria and which you can choose from.

If you have something to add to this post, then you can leave us a comment below or send us an email y visiting our contact us page for further enquiries and we will get back to you as soon as possible.

Conclusion

Thank you for reading my post on Top 10 best POS machines in Nigeria. If you have any question or comment, you can leave it below in the comment section below.

Remember to share with your friends on social media and also subscribe to this blog for more banking and finance updates.

Thank you once again.

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