We all have heard of POS at one point or another. Point of sale (POS) provides services that help us withdraw and send funds conveniently. In case you want to get information on some renowned POS agencies in Nigeria, here’s all you need to know. However, let’s take a look at the meaning of POS machines.
What is a POS machine?
The term ‘POS’ is short for point of purchase or point of sale. It simply means the moment and location where a transaction ends. Basically, the POS machine is hardware that processes, records, and finalizes credit or debit transactions. The machine can come in various forms ranging from as small as a mobile phone to as large as a display monitor.
POS agencies in Nigeria use this machine to execute money transactions in retail locations. Also, you can conveniently pay your electricity and utility bills with a POS machine. You can read more about how to start a POS business successfully in Nigeria.
POS Agencies in Nigeria
There are various POS agencies with a reasonable commission rate in Nigeria. Here’s a comprehensive list of some reputable POS agencies in Nigeria.
1. Moniepoint
Moniepoint, a renowned point of sale (POS) agent banking platform in Nigeria, is a product of TeamApt, a reputable fintech company. Recognized for its reliability and efficiency, Moniepoint has emerged as a leading POS agent banking service in the country. Since its inception in 2019, the platform has facilitated an impressive tally of over a billion transactions, amounting to a staggering 20 trillion Naira, benefiting more than 150,000 business owners.
How to become a Moniepoint POS agent
To become a Moniepoint POS agent, you need to follow the processes below:
- Visit their official website at https://moniepoint.com/
- Fill out the registration form for Moniepoint agents and submit
- Confirm your email address and phone number and an agent would reach out to you after 48 hours of registration
- The agent would guide you on what you need to do, after which they would confirm you as an agent
- Lastly, log in to the Moniepoint POS dashboard to manage your account
2. Opay
OPay, a fast-rising financial technology firm in Nigeria, has been making waves in the industry. With its versatile payment service platform, users can effortlessly transfer money, pay bills, and even shop for groceries and food items. Surprisingly, the company was only established in 2018, but it has already achieved remarkable success. With an estimated commercial worth surpassing $1.5 billion, OPay has secured funding of over $500 million within just four years. Currently, the company boasts an extensive network of over 300,000 agents, catering to the needs of nearly 10 million Nigerian users. Its rapid growth and innovative solutions have positioned OPay as a prominent player in the country’s fintech landscape.
How to Become an Opay Agent
Follow the steps below:
- Open your Opay app and sign in to your account.
- Select your KYC status on the dashboard.
- Click to upgrade to agent If it’s successful, your KYC level will be upgraded to KYC immediately.
- Now, send a mail to support@opay-inc.com to request the merchant form.
3. Paga
Paga, a prominent mobile payment enterprise founded in Nigeria in 2009, has set out to revolutionize financial access for all through its digital platform. With a primary focus on enabling fast and convenient money transfers, Paga aims to facilitate seamless transactions for individuals. The company’s mission centers around assisting both buyers and sellers in conducting payments, receiving payments, and accessing financial services with ease. Over the years, Paga has garnered immense popularity and trust, amassing a massive user base of over 19 million individuals across Nigeria. Its commitment to efficiency and accessibility has solidified its position as a leading player in the mobile payment industry in the country.
How can I become a Paga POS agent?
Paga POS agent registration process is straightforward and does not take time. Follow the steps below to learn how to become a Paga agent:
1. Go to the website www.mypaga.com
2. Next, click on the “become a Paga agent” option. The platform will redirect you to another page. On this page, you will see a description of the responsibilities, opportunities, and rewards of being a Paga agent.
3. On the right side of the page, you will see the “Agent Interest” form.
4. Thereafter, fill out the form by inputting your details. After you do this, carefully check the authenticity of your details.
5. Lastly, submit your details and wait for the Paga team to contact you.
Also, another easy way you can register is by sending an email to service@mypaga.com. The Paga team will contact you after this.
4. First Monie POS agency
Basically, this POS agency is sponsored by first bank of Nigeria. First bank is a well-known commercial bank in Nigeria with lots of customers. In addition, First monie provides a free POS machine making it easy for you to become an agent.
How can I become a First Monie agent?
You have to follow the steps below to become a First Monie agent:
- Open an account with First bank
- Download and install First Monie app. This app is available on IOS and Google store
- Execute at least ten transactions every day. You have to do this for three months.
- Thereafter, you will be able to ask for a First Monie POS machine from First bank.
5. UBA Monie POS agency
UBA is one of Nigeria’s largest and most popular banks. The bank provides POS machines and services at retail locations to meet its customer’s needs.
How can I become a UBA POS agent?
You can become a UBA pos agent by getting a UBA moni pos. First, you must have a monthly turnover of at least N35,000 for every transaction you make per day. Thereafter, you can follow the steps below:
- Identify an existing UBA pos merchant and print a registration form.
- Next, you can fill, scan and submit the form to the nearest business office.
- Go to the e-banking helpdesk, login, and complete the information on the page.
- Upon successful registration, you will be given an issue number for future tracking.
- Thereafter, UBA e-banking support will give you a deployment date.
You can obtain a comprehensive loan, tailored to your specific needs by using this platform. Basically, it allows you to compare loans from different lenders across Africa, ensuring the best option doesn’t slip through.
6. Opay POS agency
Opay is a mobile money platform licensed by CBN. They provide low fees and convenient ways to execute pos transactions. Also, the platform is reputable for being one of the most reliable pos agencies in Nigeria.
How can I become an Opay agent?
Here are the steps required to become an Opay pos agent:
- Download and install the Opay app.
- Next, you have to create and register for an agent account.
- Thereafter, you have to upgrade your account to an agent level. You can upgrade your account by providing your personal details and documents to Opay.
Upon successful registration and upgrading, you can start performing transactions with your account. After a reasonable number of transactions, you will be able to request an Opay pos machine.
Interesting Read: POS Business In Nigeria
7. Nomba POS Agency
This agency focuses on offering electronic banking experiences to everybody. Also, you can make money by becoming a Nomba pos agent and rendering financial services. Kudi is one of Nigeria’s most profitable mobile money agents.
How can I become a Nomba POS agent?
You can become a Nomba pos agent in three easy steps. They include:
- Download and install the Nomba app
- Open an account
- Finance your wallet
- Lastly, you can start executing financial transactions after funding your wallet. To get a Nomba pos machine, you must own a sizable network of agents.
8. Exobank Xpress Point
Ecobank Xpress Point presents a lucrative business opportunity, allowing countless individuals and business owners across the nation to boost their income. By participating in this cost-effective venture, you can earn extra money by providing assistance to customers with their essential banking transactions right at your location.
Through a third-party representation agreement with Ecobank, you become an essential point of contact for customers, facilitating basic banking services and transactions. This empowering initiative not only benefits you financially but also helps enhance financial inclusion by bringing banking services closer to communities and businesses.
9. Access Closa POS Agency
Access bank, a reputable bank in Nigeria owns Access Closa pos agency. This agency brings the bank to your doorstep thereby saving you a whole lot of stress. Also, its agents are given quick pos devices that help you execute all your financial transactions.
How can I become an access Closa POS agent?
Here’s how to become a certified Access Closa pos agent:
- You must have a starting capital of at least N50k
- A valid means of identification
- The utility bill of the operating site you intend to use
- An access bank account
- Lastly, take all the above documents with you to any Access bank branch close to you for registration.
10. GTExpress
GTExpress is a groundbreaking agent banking service designed to provide customers with convenient access to financial services from multiple locations. This innovative platform enables banking activities to be conducted through agent locations, effectively catering to the needs of underserved and unbanked populations. By utilizing non-banking retail outlets, GTExpress extends its reach to communities that may have limited access to traditional banking services.
Closing thoughts
Over the years, these POS agencies have proven to be reliable, profitable, and convenient. In case you wish to become a POS agent, this information will guide you through making the right decision
