POS business, also known as Agent banking business, is a legitimate way to make money in Nigeria. It is a profitable business in communities with no banks and cities where ATMs are insufficient to serve the community’s financial needs. If you prefer to learn by video, watch the full video here.
See Also: Start Your Business in 30 Days.
POS or Agent banking business is an extension of the services offered by financial institutions to enable easy service offering to a wide range of customers.
Are you considering this business? Then visit our shop page to get the comprehensive guide which contains the cost breakdown of starting the business. Also, to learn how to structure your business right and ensure success, enrol for the Start Your Business in 30 Days Course.
Services Offered By POS Business Agents
POS (Point of Sale) business offers services like funds transfer and withdrawal, airtime sales, and bill payments like GOTV, DSTV, Startimes, PHCN, and other utility bills. It is used in several places where goods and services are sold/rendered: retail shops, offices, supermarkets, fuel/gas stations, pharmacies, eateries, etc.
By creating easy access for financial transactions in different localities, the POS business has given individuals and business owners additional income. As a result, they are sometimes called bank agents.
Although not serving as direct employees of a bank, they deliver banking services on behalf of banks on an agreed commission. It is a profitable business and one of the best passive income sources.
Statistics Show That The POS Business Is Viable
Can you believe 2021 rounded off with a total of N6.43 trillion recorded POS transactions in Nigeria? According to NIBSS, this figure is in sharp contrast to N1.41 trillion recorded in 2017, N2.32 trillion in 2018, N3.2 trillion in 2019, and N4.73 trillion in 2020
The increase in e-payment transactions in Nigeria, a direct consequence of the rise in POS business operations, is wealth making opportunity that has come to stay. This development impacts millions of lives positively. Therefore, it’s time you take advantage of this opportunity and start the POS business.
Are you looking to start a POS business in your locality? Then, this article contains all the information you need to fully set up as a bank agent.
If you prefer to learn by video, watch the full video here. And subscribe to our channel for more business ideas and insights.
Overview Of The POS Business
The POS business began in 2013 after the Central Bank of Nigeria released its guideline on operations and management. Since then, it has remained one of the retail channels of several commercial banks to make their banking services reach many people.
A banking agent owns and operates a retail outlet. They conduct the financial transaction and allow clients to deposit, withdraw, transfer funds, pay bills, recharge airtime, inquire about customers’ account balances, and other related services.
POS business is thriving in rural and urban centres, with a higher volume of transactions recorded in the cities due to population density. It is similar to any other remote banking channel.
The banks equip the agents with a point-of-sale (POS) card reader, mobile phone, barcode scanner, personal identification number (PIN) pads, personal computer, etc. POS business operators are third-party agents and can serve as many banks as possible.
If you have an existing small business that brings in cash daily, you can diversify your revenue streams by venturing into the POS business.
Reasons Why The POS Business Is A Viable Business
POS or Agent banking services are becoming Nigeria’s mainstay of financial transactions. Here are the reasons why the business is lucrative for millions of Nigerians.
- The inadequate number of functional ATMs which leads to long queues
- Poor network service at ATM points and banking halls has pushed many customers to find alternative means of performing their transactions.
- And for the business operators, the low barrier entry requirements in starting POS business points provide the much-needed employment opportunities amid high unemployment rates.
Aside from this, it also helps consumers easily withdraw money when the nearest ATMs are far away.
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How To Start POS Business In Nigeria
As I have earlier stated, the POS business thrives more in rural areas or semi-urban centres, where there are no banks or few ATMs to serve the people. Hence, if you intend to venture into this business, the first thing is to ensure that the number of banks in your location cannot serve the community. This way, you are sure of making a profit.
In this article, I have highlighted a step-by-step plan for starting a POS business in Nigeria and the basic things you need to get started.
Are you considering this business? Then visit our shop page to get the comprehensive guide which contains the cost breakdown of starting the business.
Step 1: Have An Existing Business
The POS business has to do with finance and must be approached carefully. Besides, the Central Bank of Nigeria is very particular about the business entities qualifying as agents. So, commercial banks take extra care before authorizing an agent for their retail banking.
To be eligible, you must have an existing business in operation at least for 12 months. Also, you must have a shop or office from which you operate. Then, you must have been registered with the Corporate Affairs Commission as any of the following entities;
- Limited Liability Company
- Sole Proprietorship
- Partnership
- Cooperative Societies
- Public Entities
- Trusts or any other entity aside from faith-based or NGOs.
If you have any of the above requirements, doing a POS business or serving as a bank agent is possible.
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Step 2: Approach A Bank
Virtually all Nigerian banks allow agent banking services. As soon as you decide on the bank of your choice, the next thing is to approach the bank and get details of their requirement. The CBN guide allows being an agent for as many banks as you can serve.
You will need to fill out some documents/agreement forms on the transaction conditions. Then, the bank reviews the application in line with CBN internal criteria and agrees with you if you meet all requirements.
Also, you must have an account for a direct deposit for the business and provide some documents as part of the requirements for the proposal.
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Popular POS Service Providers
Some of the popular POS service providers include banks and other mobile money operators like:
- GTbank
- Polaris bank
- First Monie POS Agency
- Flutterwave
- Opay POS Agency
- Monie Point POS
- Nomba (formerly Kudi) bank
- Wema bank
- Paga
- Zenith bank
- Access Closa Agency
- Quickteller
- Ecobank
- Baxibox
- PalmPay
- UBA Monie POS agency
Requirements For POS Business
Some of the required documents include;
- Valid means of identification, e.g. Driver’s license, National ID card, International passport or voter’s card.
- BVN
- 2 passport photographs
- 2 current account references
- Evidence of business registration (CAC Certificate)
- Tax Identification Number (TIN)
- Memorandum and Article of Association.
- Credit Bureau Report
- A minimum working capital of N50,000
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Step 3: Get The Equipment For Your POS Business
Once your application is considered, the bank supplies the needed tools and equipment for the business. Aside from the mobile phone, the following materials are usually provided by the bank:
- Point of Sale Terminal; a portable device that facilitates payments of goods and services at bank agent locations using payment cards.
- Card reader
- Barcode scanner to scan bills for bill payment transactions
- Personal identification number (PIN) etc.
Are you considering this business? Then visit our shop page to get the comprehensive guide which contains the cost breakdown of starting the business.
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Step 4: Location Of Your POS Business
To thrive in the business, it’s advisable to choose public places with high human traffic volume like markets, busy streets, shopping malls, event centres, etc. The high volume of people movement will affect your daily profit as more customers patronize your service.
Once you have a good location, construct a shed or shop but create enough spaces for swift movement for you and the customers. Have a banner at the entrance to show the retail banking services you offer.
Factors To Consider Before You Choose A Location For Your POS Business
Network Connection.
A good network service is very crucial to the success of your POS business. This is because the POS machine you will use for your business transactions is powered by a telecommunication network service, just like your mobile phone.
And as a result, a location with good network connectivity access will help the smooth and fast confirmation of transactions with your customers and their banks.
Crime Rate Level.
You also need to consider the safety factor when settling for a particular location for your POS business. This is because your business activity involves cash handling, and you may want to spend some time researching the crime rate of your intending business location.
In addition to the above, you can also have a special purse/pouch around your neck or a safe with a solid lock to prevent theft and burglary.
Proximity to ATM Points.
Positioning your POS business point close to existing ATM points is not bad. Often, those machines break down or are not loaded with cash, especially on weekends and public holidays. If you notice that an ATM is not dispensing cash, you can go there to advertise your service. Some people there in urgent need of cash might subscribe to your service.
Step 5: Render Services
The business is rendered through POS terminals, card readers, mobile phones, and bank-linked mobile wallets for real-time transaction processing.
The next step is to provide the service as soon as you have these.
Services Provided By POS Business Agents:
POS Agents provide the following services:
- Cash deposit and withdrawal
- Balance inquiry
- Funds transfer services (local money value transfer)
- Bill payment (taxes, utilities, tenement rates, subscriptions, e.t.c)
- Generation and issuance of a mini statement
- Cash disbursement and cash repayment of loans
- Agent mobile payments/banking services
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How Does The POS Business Work?
In a POS business, the client first request transaction like withdrawal, transfer, or bill payment and presents the debit card.
Next, the Agent selects the type of transaction on the POS terminal device, enters the amounts, inserts the debit card into the machine, and asks the client to enter the four-digit pin secretly.
Then, using the network, the General Packet Radio Service (GPRS) connects with the bank’s server to authorize the transaction. When successful, it immediately prints out the receipt.
This process can be repeated for as many customers as possible, as long as you abide by the transaction rules of your host (bank).
Type of POS Machines.
The mobile POS machine is the most popular version of the POS machine. However, there are other types like countertop POS and Tablet PC-based POS machines. These types can be more expensive to acquire and are commonly used in big supermarkets.
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The Importance Of POS Business
With a POS business, banks now reach a larger demographic. Also, they offer more flexible and convenient access to existing and new customers.
In addition, they ensure customers’ safety and help reduce travelling long distances to have access to banking. Most importantly, it significantly boosts financial inclusion, especially for people in rural areas.
How Do POS Agents Make Money?
The business has provided job opportunities and financial stability by helping the Agent make money in the following ways;
Commission
Banks pay agents commission based on the volume of transactions on their behalf.
Service Charges
By rendering service to customers, you can also charge them a particular amount, especially on bills, taxes, and subscriptions.
Float
Depending on your cash management policy, you can use cash deposits and net of withdrawal for your primary business.
By operating this business, you are not only increasing your stream of income, but you are also serving the needs of the people in your community. And with a location that sees high human traffic, you can be making as much as ₦7,000-₦15,000 daily.
Advantages Of POS Business.
Low Barrier Entry
POS business offers low barrier entry for individuals as the startup capital requirement is not as much as that required by other businesses. Therefore, you can start your POS business with a sum of N50,000 or less.
It Does Not Need An Expensive Structure
Everyone knows how expensive it is to afford annual shop rent in most places in Nigeria. But for POS business, there is no need for a fancy structure, at least while starting. Because, most POS businesses use a simple wooden kiosk as their business office.
Customer Traffic
Large financial transaction volume pass-through POS agency banking business in Nigeria and means significant business turnover for operators
Multiple Streams of Income:
POS business is a good way of expanding your income net for those that may have a regular job that is not meeting their financial needs. In addition, the business offers a sustainable means of income and may even transition to a primary source of income if adequate attention is paid.
Disadvantages Of POS Business
As they say, everything that has an advantage has a disadvantage. Hence, you must contemplate the cons of a POS business before starting one.
Insecurity
POS business is a high-risk business as operators can be a target for robbery attacks. Hence it is crucial to be security conscious at all times.
Fraud
Some individuals with criminal intentions sometimes patronize POS business operators intending to carry out fraudulent transactions. Therefore, you may need to be on the lookout for individuals with suspicious behaviours and also set up a KYC register where you will record customers’ phone numbers.
Poor Network Service
Poor network connectivity is a significant threat to the smooth operations of your POS business. You will need to secure a location with a reliable network connection. Also, go for a smart POS machine with a 3G or 4G network capability.
Poor Electricity Supply
Unstable electricity supply is another critical challenge confronting most POS business operators here in Nigeria. The POS machines need to be charged as they run on rechargeable batteries, and this might prove difficult if your business location lacks adequate electricity supplies.
We will now look at how to start the POS business with different financial operators.
How To Start a POS Business With First Bank.
First bank POS agent is also known as Firstmonie agent.
According to First Bank Plc, The Firstmonie agent network is a bespoke channel through which FirstBank expresses its passion and commitment to broadening the opportunities and access to financial services for every Nigerian and African, especially within the low-income segment (the unbanked and under-banked population).
What You Need To Be A POS Agent With First Bank
To become a Firstmonie Agent, you need to have:
- An existing business
- A visible and accessible business location
- A valid means of identification (Voters’ card, National ID card, Drivers’ License, International Passport)
- BVN
- Utility bill not more than three (3) months old
- Business registration documentation for corporate bodies
- How to become a First Bank POS Agent
Go to the FirstMonie agent banking website and fill out the form. Then, click on the “Send” button to submit your request to FirstBank.
To fast track your application, visit any FirstBank branch to check the status of your application. Remember to go along with the required documentation.
How To Start a POS Business With OPay.
To start your OPay POS business, you need to first sign up as an OPay agent on the OPay Agent Portal before you can then apply for a POS machine.
To request an OPay POS machine here are the requirements.
Download The OPay App To Your Device
You can find the app on Android and the Apple stores.
Sign In To Your Profile
This is after signing up on the app.
Upgrade Your KYC Status To Level 3
To upgrade your OPay KYC status to Level 3, follow these steps:
- Go to ‘Me’
- Click the picture icon (top left) to go to Account Details
- Click Upgrade to Level 3
- Upload your picture
- Upload a valid ID Card (Intl Passport, Voters’ Card, National ID or Driver’s License)
- Upload a recent utility bill (PHCN bill, water bill, rent receipt, LAWMA waste bill)
- Upload your BVN
- Submit
The OPay team will review your update within 24-72 hours for either approval or a decline, and you will be notified through email and SMS.
Switch Profile To Merchant
Once your level 3 KYC update is accepted, you will need to switch your account profile to Merchant. To do that:
- Go to ‘Me’ on your account profile
- Click the picture icon (top left) to go to Account Details
- Click Upgrade to Merchant
- Fill in your Business Information (Name of business, address, etc.) and click Next
- Fill in the required information
- Click Upgrade
Merchant Apply
Now that you have switched to the Merchant profile, you can apply for a POS terminal for your business by following the steps below:
- Log in to the OPay app on your device.
- Choose the ‘Merchant Apply’ icon
- On the next page, enter all the necessary information as requested
- Upload your business transaction history for the past 3 months
- Upload a valid ID Card (Intl Passport, Voters’ Card, National ID or Driver’s License)
- Take a snapshot of your business place and upload it to the portal
- Submit for review and approval.
OPay POS Cautionary Fee.
Opay POS attracts zero cost for agents with good transaction records with Opay, but a caution fee of NGN20,000 applies once your POS machine is approved. This amount must be available in your wallet.
New Opay agents who do not have sufficient transaction history can pay for and buy an Opay POS machine.
The prices are as follows:
- NGN50,000 for OPay Smart POS
- NGN35,000 for OPay Traditional POS
- NGN8,500 for OPay Mini POS.
How To Start POS Business With Bankly.
Bankly, a Nigerian fintech company founded in 2018 by Fredrick Adams and Tomilola Adejana provides a virtual savings wallet for the informal sector of Nigeria. Bankly POS agents register and operate their business under Bankly.
You can carry out the following transactions with Bankly POS.
- Transfer of funds
- Cash withdrawal
- Utility bills payment like airtime, data, electricity, etc
- Deposit cash to bank accounts
- Transfer funds to other beneficiaries
How To Become a Bankly Agent.
Download Mobile App
To get started, you have to download the Bankly Agent mobile application from the app store.
Create An Account
Sign up on the mobile app by providing the required KYC details.
Verify Your Account
Wait for a support personnel to verify your registration.
Set To Go
Go forth and start transacting and offering customers access to financial services
How To Request For Bankly POS Machine
To Request for Bankly POS machine, follow these steps.
- Login to your agent dashboard and click on Request POS
- Accept the POS Terms and Conditions.
- Continue reading to see the Daily POS Transaction Targets.
- Select the number of terminals you wish to use.
- To confirm your POS (point-of-sale) request, enter your transaction PIN.
- Click Done.
Requirements To Obtain a Bankly POS Machine.
- A valid means of identification such as your national ID card, Driver’s license, Voter’s card or international passport.
- Utility Bill
- Business certificate for registered businesses.
- BVN
- Bank Account number
- Email address
- Telephone number
Bankly POS Transaction Charges
Bankly charges 0.3% for POS withdrawals and a flat rate of N35 for all transfers. In addition, you will be charged 5 naira for every 1000 naira that you withdraw on behalf of a customer. Furthermore, N10 will be charged for any transfer between N100 and N2000, while N20 will be charged for any transfer above N2000.
How Much Does It Cost To Become A Bankly POS Agent?
Signing up to be a Bankly agent is free. However, you will need to set aside a startup capital which can be a minimum amount of N20,000.
How long does it take to get a Bankly POS?
One day to a week.
How To Start a POS Business With Moniepoint POS
Moniepoint, a fast-growing mobile money platform, provides banking solutions that enable businesses to collect payments, access loans, manage operations and ultimately grow their business.
Transactions You Can Perform with Moniepoint POS
- Cash withdrawal
- Fund Transfer
- Airtime Purchase
- Payment of Utility Bills
How To Become a Moniepoint POS Agent.
- Visit Moniepoint’s official website.
- Fill out the registration form for Moniepoint agents and submit it.
- Make sure your email address and phone number are confirmed, and an agent will reach out to you after 48 hours of registration
- The Agent would provide you with information on what to do next, after which they would confirm you as an agent
- You can now log in to your Moniepoint POS dashboard to manage your account.
Requirements To Become a Moniepoint POS Agent.
- Business registration certificate.
- Your BVN
- Utility bill
- Your bank account Number
- Verifiable identity card: National ID, Voters card, Int’l passport, etc.
Moniepoint POS Transaction Charges.
Moniepoint’s transaction charges are considerably low and one of the cheapest in Nigeria. Charges are based on the number of transactions you carry out across all banks. There is a fixed charge of N20 for all banks in Nigeria.
The withdrawal charge for up to N4,000 is simply N6.2. And this amount increases as the amount withdrawn increases.
How To Start a POS Business with Nomba POS (Formerly Kudi).
Transactions You Can Perform with Nomba POS.
- Cash withdrawal and deposit
- Funds Transfer
- Airtime Purchase
- Payment of Utility Bills
How To Become a Nomba POS Agent.
- Download and install the Nomba app from the Google play store
- Launch the application on your android phone
- Sign up using your phone number and connect the app with your bank account
- Start transacting on the Nomba app
- Ensure you use it consistently for basic bills like electricity, airtime recharge, TV subscriptions, and more
- After about two weeks, Nomba will message you about your eligibility to receive a free POS.
How Much Does It Cost To Become a Nomba POS Agent?
To become a Nomba POS agent is free
How Much Does Nomba POS Charge?
Nomba charges 0.7% flat on cash withdrawals.
How To Start A POS Business With Paga
To become a Paga POS agent, email service@mypaga.com or Log on to www.paga.com, select Agent and click on Become an Agent to get started.
Once you are done, one of Paga’s field representatives will contact you for further instructions on the onboarding process.
Transactions You Can Perform with Paga POS.
- Cash withdrawal
- Fund Transfer
- Airtime Purchase
- Payment of Utility Bills
How Much Does It Cost To Become A Paga POS Agent?
The agent sign-up is free, but if you want a POS terminal, you must pay N30,000.
Benefits Of Being a Paga Agent.
As a Paga agent, you will receive a commission for every transaction you perform. In addition, bonuses and other incentives are rolled out at intervals. The more transactions you complete, the more money you make.
How Much Does Paga POS Charge?
Paga charges 0.55% on withdrawal and N30 flat on every deposit of any amount.
Paga charges N5.5 on every N1000 a customer withdraws and N30 to transfer any amount on the POS or the app.
How To Start a POS Business With Baxi Box.
Services Available on Baxi.
- Bills and PayTv payments such as Dstv,Gotv,Electricity ,Smile,Spectranet, etc.
- Airtime (Mtn, Airtel, 9mobile, Glo)
- Cash-in and Cash-Out (Money transfer and money withdrawal)
- Account Opening, Insurance and vehicle paper renewal
- Educational products (Waec and Jamb)
Requirements For Getting a Baxi Box POS.
- A verifiable ID card such as International Passport, National ID Card, or Voters Card
- Utility Bill
- Business registration certificate
- BVN
- Bank account number
- Valid email address
- Passport photograph
A cautionary fee of N10,000 for the Baxibox Mpos and N30,000 for Baxibox android POS applies also.
How To Become a Baxi Box Agent.
- Download the BaxiMobile App from your play store/Apple store.
- Install the app on your device and complete the sign-up process
- Provide your BVN and verifiable address to upgrade your account to Baxi Flex or Baxi Pro.
- Navigate to Request for MPOS/POS and submit a request for a POS device.
How Much Does Baxi Box POS Charge?
Baxibox POS charges N30 flat for cash deposits and 0.55% on a single withdrawal transaction of N1 – N20,000. The percentage goes slightly higher as the withdrawal amount increases.
How To Start a POS Business With PalmPay
Transactions You Can Perform with PalmPay POS
- Cash withdrawal
- Fund Transfer
- Payment of Bills
- Check customers’ account balance with their ATM
How To Request For a Palmpay POS Machine For Your POS Business.
- Download the PalmPartner app from iOS or Android Playstore
- Complete the application form in the app
- Agree to the terms and conditions
- Upload the required documents and submit them.
Requirements For Getting a PalmPlay POS Machine.
- A verifiable ID card such as International Passport, National ID Card, or Voters Card
- Utility Bill
- Business registration certificate (For registered businesses only)
- BVN
- Bank Account Number
PalmPay POS Charges And Commission Structure
- Airtime top-up – 3% of the amount
- N10 only for bank transfers
- Bill payments are for FREE.
How To Start A POS Business With Wema Bank.
Transactions You Can Perform With Wema Bank POS
- Money transfer
- Bills payment
- USSD on POS
- Pay With Phone number
- QR Code
Benefits of Wema Bank POS To Customers
- Increased sales due to impulse buying by customers
- Reduction in pilfering as cash-handling is reduced
- Availability of multiple network technologies to ensure uptime
- Joint merchandising opportunities
Requirements For Starting Wema Bank Agent Banking Business.
- You need to have a verifiable existing business on the ground.
- You also need to be operating a Wema bank account.
- A valid means of identification such as a national identity card, international passport, driver’s license, and voter’s card.
- A minimum start-up capital is also required.
- A functional android mobile phone with data.
Steps To Get Wema Bank POS For Your POS Business
- Click here to download the Wema Agent Banking Expression of Interest Form
- Fill in the required details in the form carefully and correctly.
- Go with the form and the required documents already listed above to any Wema Bank branch nearest you.
- Your application will be documented, and they will give you further instructions on how to proceed.
Wema Bank POS Charges
The standard merchant service charge is 0.5% per transaction, capped at NGN1000.
How To Start a POS Business With Zenith Bank.
Zenith bank’s agent banking is a financial inclusion service adopted by the bank to extend its retail reach across all segments. As an agent, you are required to render basic financial services on behalf of the bank.
Transactions You Can Perform With Zenith Bank POS.
- Account opening
- Cash withdrawal
- Cash deposit
- Funds transfers
- Bills payment
- Airtime Purchase
Requirement for Signing Up On Zenith Bank’s Agency Banking Platform.
- An existing retail/business outlet with a trading name
- An existing retail/business outlet in a physical geographical location for a minimum of 12 months
- The outlet can be a school, market, shopping mall, filling station or any business outlet with reasonable human traffic
- The outlet should accommodate a dedicated desk/counter and a minimum of one (1) staff to handle agent banking services
- Must have maintained a Zenith bank account for a minimum of 6 months
Implementation Requirements
- Duly completed registration form with the following documents attached;
For corporate accounts:- Proof of address (utility bill)
- Valid means of identification
- 2 Passport photographs
- TIN
- Certificate of Incorporation
- Memorandum and Article of Association
For individual accounts:
- Proof of address (utility bill)
- Valid means of identification
- 2 Passport photographs
- No sign-up fee is required
- Agent downloads agent banking app on an Android device
Benefits Of Using Zenith POS For Your POS Business
- Cash Management – opportunity to evacuate Cash off your retail premises
- Increase in sales/business opportunities as a result of an increase in footfall
- Additional income from transaction/services fees and commission
- Opportunity to cross-sell your products/services to walk-in customers
How To Start a POS Business With GT Bank.
GT Bank POS Benefits To Merchants
- Withdraw & deposit cash in bank Accounts.
- Pay bills.
- Customer enquiries.
- Local funds transfer services
Requirements For Getting Gtbank POS For Your POS Business
- You need to possess GTB Current Account.
- Valid identification documents (Passport, voter card, National Identity, or driver’s license).
- You need to have an existing business location.
- You also need a utility bill as proof of your residential address.
How To Become a GTBank POS Agent
- Visit the nearest GTBank branch
- Meet the next available customer agent at the banking hall
- Request for a POS application form.
- When and if your application is approved. The GTBank will contact you to come and collect your GTbank POS.
- Alternatively, you can download the GTBank mobile money agent form, fill it and take it to the nearest GTBank branch.
GTBank POS Charges
GTbank charges a fee of 0.75% for each payment or service made with the POS
How To Start a POS Business With Access Bank.
Transactions You Can Perform as an Access Bank Closa Agent
- Cash Deposits
- Cash Withdrawals
- Funds transfer
- Bill Payments
- Airtime Purchase
- Account Opening
Benefits Of Using Access Bank POS For Your POS Business
- Banking services right at your doorstep
- No queues
- Transactions are PIN protected
- Services are available to both Access Bank and other Bank customers
- Access to funds anytime, even after banking hours (weekends and public holidays)
- Save the cost of going to the branch or ATM
- Become an Agent today and make extra income
Minimum Requirements To Become an Access Bank POS Agent:
- A visible business location which is easily accessible
- Minimum working capital of ₦50,000
- Valid identification – Voter’sVoter’s card, Driver’sDriver’s License, International Passport, National ID card
- Utility bill
- Business registration documents for corporate bodies
Access CLOSA Agents Can Be Any Of The Following:
- Unregistered business – Individuals
- Registered businesses – Limited liability companies, Sole proprietorships, Partnerships, Cooperative societies
- Corporates with retail chains / large distribution network
How To Start a POS Business With EcoBank.
Services Offered By Ecobank Xpress Agents.
- Opening of Ecobank Xpress Account
- Withdraw funds from your Ecobank Xpress Account
- Deposit funds into your bank account
- Transfer funds to any local and international bank in selected locations via Rapid Transfer, Western Union, Ria, Money Gram, Vigo, and Unity Link.
- Pay bills (TV, internet, utilities, etc.)
- Top up your airtime
- Redeem Xpress Cash e-token
- Reload Ecobank Cash Xpress (Prepaid) Card
Requirements To Getting Ecobank POS For Your POS Business
- A desktop with an internet connection
- An Android-enabled device with operation system version 5.0 to enable the download of Agent App
- A feature phone for USSD transactions
- CCTV and printer/copier (for international transfer agents only)
- Passport photograph
- Bank Verification Number (BVN)
- Valid means of identification: National ID (NIN Card), Driver’s License, Permanent Voter’s Card (PVC) or International Passport
- Utility bill of Agent’s operating address (not more than three months)
- Two (2) current/corporate account references or duly completed Character Reference Form
For Corporates/SMEs only:
- Corporate Affairs Commission (CAC) Documents for Registered Companies/certificate of registration
- TIN Number/Tax Certificate for Registered Companies
How To Become An Agent With Ecobank And Start Your POS Business
- Visit the Ecobank Xpress Point registration portal
- Fill out the merchant form
- Select Level of Education
- Enter a contact phone number
- Choose your type of business
- Enter the number of business locations you have
- Choose your device type (desktop, laptop, smartphone)
- Read and agree to the Terms and Conditions
- Tick the reCAPTCHA button to indicate you are not a robot.
- Click Submit.
- Once your application is received, An Ecobank representative will contact you within 72 hours.
How To Start A POS Business With UBA.
Transactions You Can Perform As a UBA POS Agent.
- Payments for purchase
- Balance enquiry
- Accepts all Cards (Visa, MasterCard, Verve)
- Other Value Added Services (Bill Payments, Air time vending)
- Merchant has access to view transactions online in real-time
Benefits of Using UBA POS For Your POS Business
- Increased Sales: Buyers spend more with cards
- Customer Satisfaction: Cardholders will have the flexibility of payment
- Speed of Checkout: No more queues, no more counting bills, giving change or waiting to write cheques
- Safety: With less Cash, you are less vulnerable to theft and pilfering
- Earn revenue on ”Cash-back” transactions: Buy goods, buy Cash
How To Request UBA POS For Your POS Business
i. Click here to download the registration form
ii. Fill out the registration form
iii. Submit the complete form at the branch closest to you
iv. After your request is approved, you will receive a confirmation email with your login information and contact details for your POS support officer
v. The POS terminal will be delivered to you within 3 – 7 working days.
Requirements For Getting UBA POS For Your POS Business
- A valid means of identification, e.g., international passport, driver’s license, national id card, or voter’s card
- A recent utility bill of your proposed operating site.
- A business location that is easily accessible and not too close to other agents
- A UBA account. You can use your standard individual or a corporate account for this purpose.
How To Start a POS Business With Quickteller Paypoint.
Quickteller Paypoint is the trade name of Interswitch Financial Inclusive Services (IFIS). Quickteller Paypoint agents earn a consistent income, offering services like Bill Payment, Funds Transfer, Cash Deposits, Cash Withdrawals, Insurance, and Airtime Recharge to customers in their community.
Requirements For Getting Quickteller POS For Your POS Business
- Applicant should have an existing business outlet
- A copy of identification card, driving license or international passport
- Proof of address by providing utility bills
- Must possess a functional Android phone
- Financial account bank details or statements
- A passport-sized photograph
- A complete Quickteller Paypoint agent registration form/agreement and account package
- A minimum startup capital of N10,000. The amount is the trading capital, and IFIS deposits it in the Quickteller Paypoint agent wallet upon setting up the business.
How To Become a Quickteller Paypoint Agent.
- Visit the Interswitch website
- Fill out the Quickteller Paypoint registration form correctly
- Deposit N10,000 to an account that will be provided for you
- A Quickteller officer will visit you to verify your office.
- The officer will give you another form to fill out and attach your passport photo
- Your account will be activated, and you will receive Quickteller Paypoint agent login details.
How To Start a POS Business With FCMB
Transactions You Can Perform With FCMB POS
- Payment for goods and services purchased
- Cash Back services
- Pre-Authorization service
- Cardless transactions
- Air time recharge
- Bill payment (PHCN, DSTV, etc.)
- Payment Reversal option
- End of the Day transaction report
Benefits Of Using FCMB POS For Your POS Business
- Earn monthly commission on service rendered to customers
- Become an FCMB representative in your business community.
- Priority service when there is a need to visit the branch.
- Leverage on FCMB corporate image
- Reduction of cash handling and the associated security risk.
Requirements To Become An FCMB Agent
- The prospective agent shop must be on the ground floor to enhance visibility and accessibility
- The prospective agent location should be in a strategically populated area with high foot traffic
- The prospective agent location should be some distance from the nearest ATM/Bank to establish convenience
- The prospective agent should show passion for driving the business
- Prospects must open an SB101 Account or use a co-operate account for operation.
- Prospects must have a minimum of N100,000 as trading capital to commence business
- The onboarding timeline is one month from the period prospect documentation is completed
How To Become FCMB Banking Agent
To become an FCMB banking agent, visit any FCMB branch in your locality and pick up an FCMB BANKING AGENT interest form from the customer service department.
What Does It Cost To Start A POS Business
We did the cost analysis of everything you need to start the POS business. Find the cost of starting the POS business in the POS business guide in our shop.
Conclusion
A POS business is an additional way of getting income. Aside from your existing business, it is a way to expand service offerings and one of the best methods to cross-sell your products/services to walk-in customers.
The business needs to be situated in places with no bank branches or busy environments with enough security measures. You are sure to increase your daily revenue if you get everything right.
Are you considering this business? Then visit our shop page to get the comprehensive guide which contains the cost breakdown of starting the business.
Also, please share this content with your audience if you find it helpful.
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130 thoughts on “POS Business – How To Start A POS Business In Nigeria”
It’s well self-explanatory,
I feel motivated to Venture into the business.
Thanks once again for the write-up.
Hello Maspara,
We are glad you found the content useful.
We have a program that will prepare you to launch your business with expert guidance. Learn all about it here – https://www.entrepreneurs.ng/start-your-business-in-30-days/
Please, take a look at all the different ways we can work with you and increase your success here: https://entrepreneurs.ng/services/
And reach out to us on WhatsApp- 08038874148.
I love that thank you very much
I am so glad for this explanation. Now I think am ready to go into it
We are glad you found the content useful. Get the comprehensive guide from our shop.
I so happy to have gotten across this research….. thanks so much.
Thank you. Get the comprehensive guide with the cost analysis of starting the business from our shop
This is nice! But we need more information about the materials needed to start POS business
Thank you, Tosin
We are glad you found the content insightful. Please get the comprehensive guide which contains everything not covered in the article: https://www.entrepreneurs.ng/35-business-ideas/
Thank you.
This is a very understanding and useful article I have been anticipating to see. I have much believe that this article would energize me to venture into this type of business. I so much appreciate your words of encouragement. Thanks
Hello Muhammad,
We are glad you found the content useful and insightful.
Please get the comprehensive guide which contains the step-by-step guide and cost of starting the POS business and 3 other businesses. https://www.entrepreneurs.ng/35-business-ideas/ You can reach us directly on WhatsApp: 08038874148.
Thank you.
Thanks, does it need any educational qualification, secondly do I need to be involved in any business association before I could register?
Thank you for reaching out to us.
Get the comprehensive guide: https://www.entrepreneurs.ng/35-business-ideas/ it contains all the information you need.
Thank you.
Bravo and Appreciate your giving time to explain this important message.
this article is very helpful but do you recommend OPay?
Thank you for writing to us Anthony.
Please get our resources from our shop. You have step-by-step guides to start the POS business and other businesses.
Thank you so much for this article. You said before I can start a pos business, I have to have a earning pay. Can I as a student venture into it with adequate funding.
Thank you Debbie for writing to us.
Please get our resources from our shop. You have step-by-step guides to start the POS business and other businesses.
Thank you very much. Please I want to know if I will have to pay for the payment card reader at the bank and how much. Thanks again.
Hello Ernest,
Thank you for reaching out to us.
Please, get the comprehensive guide from our shop: https://www.entrepreneurs.ng/shop/
Thank you.
I want to start a POS business but money is my problem. If I can see anyone that I can partner with.
Sincerely I understand your explanation and I loved your encouragement for new beginner…Thank so much!!
Good day Admin, I really appreciate you greatly for this write up.
Pls am requesting for some ideas to write the POS business analysis, highlight the strength, weaknesses, opportunities & threat & some other key points in writing business plan as an existing POS Business agent.
Thanks
Hello Clems,
Thank you for reaching out to us.
Please get the comprehensive guide to start the POS business here:https://www.entrepreneurs.ng/product/start-your-own-pos-business/
Thank you.
Please I am not advising anyone to go for Cico POS. The network is extra very bad, you will regret buying the terminal. When making a transfer, it will be showing you pending and they will not reverse it until after one week. Still, you can’t transfer on your own wish, till they satisfy themselves.
Thank you for this. God bless you
Thank you for the explanations. But, the thing is, how much does one need to set up the pos business?
Thank you, Salome for writing to us.
We have a comprehensive guide that contains the cost breakdown of starting the POS business. Get it here: https://www.entrepreneurs.ng/product/start-your-own-pos-business/
Thank you.
Thank you for the necessary information granted, I really hope starting the business,the information is very enlightening. Thank You
You are welcome. Kindly subscribe to our blog to receive new updates.
Thanks for the useful information. God bless you. Please, how much capital do I need to start a POS now?
Excluding building a kiosk or table and umbrella. Thank you.
Hello Ibrahim,
Thank you. We are glad you found the content useful. You will get all the details plus the investment amount you need by purchasing our step-by-step guide to start the POS business from https://www.entrepreneurs.ng/shop. Thank you.
Thanks for the information but can’t one start this business without owning a shop
Hello Prince,
We’re glad that you found the content insightful. To get comprehensive information on the steps to start the POS business, please visit https://www.entrepreneurs.ng/shop and get our guide. Thank you.
Interesting. I learnt alot. Thank you.
Thank you so much for this useful information..I appreciate.
Hello Don,
Thank you for reaching out to us. Please get the full resource to start the POS and other businesses here:
https://www.entrepreneurs.ng/shop/
Thank you.
This is awesome. Thanks for the info. Please I’ll like to get my insight on demerits of pos business and how to avoid them. Please are all banks in Nigeria poised to render the services to clients?
Hello Amadi,
We’re glad you found the content insightful. To get a comprehensive guide on how to start the POS business visit https://www.entrepreneurs.ng/shop.
Thank you.
This is marvelous. Thank you for writeup. It is incredibly educating.
We’re glad you found the content insightful. Get a more comprehensive guide with the cost of starting the POS business on https://www.entrepreneurs.ng/shop. Thank you.
I do appreciate your kind gesture. To register with CAC, how much is the cost?
To register your business with CAC, please send an email to contact@redahlia.com or call 08188122223. Thank you.
I love the write up, am planning to invest on POS
Thank you for reaching out to us. Please get our reached e-book on how to start the POS business here: https://www.entrepreneurs.ng/product/start-your-own-pos-business/
It has all the information you need to start the POS business up to the setup cost. Thank you.
I would like to know how much we charge in transfer, withdrawal, bills payments, Govt, DSTv, how do I charge on each of these?? Because I really love the business.
Thank you, Diamond, for reaching out to us. Please get our reached e-book on how to start the POS business here: https://www.entrepreneurs.ng/product/start-your-own-pos-business/ It has all the information you need to start the POS business up to the setup cost. Thank you.
What if one has already registered the terminal can it be changed to another
Hello Ebuka,
Please get our guide on how to start the POS business here: https://www.entrepreneurs.ng/product/start-your-own-pos-business/
It contains everything you need to know about starting and running the POS business. Thank you.
Nice Content.
Great Content. Well Explained.
I love this article, it is self-explanatory. Thinking of starting the business.
Am considering the business… Thanks for the information. It’s useful for me.
Thank you, Joy.
We’re glad you found the content useful.
We have a comprehensive proposal to start the POS business and the 34 most profitable businesses in Nigeria. Get the guide here:https://www.entrepreneurs.ng/35-business-ideas/
Thank you.
Thank you for the information. Please can I combine the POS business with my provision business in the market
Hello Praise,
Thank you for reaching out to us and we’re glad you found the content insightful.
You can find the answers you seek here: https://www.entrepreneurs.ng/35-business-ideas/
Let’s know if you have other concerns.
Thank you, sir. Please how long does it take for the bank to release the POS machine?
Hello Kelvin,
This will depend on the bank. Please, make further research. Thank you.
Thank you for the info. I want to know the best bank to use in starting a POS business because am very much interested in it.
Hello Prince,
Thank you for reaching out to us and we’re glad you found the content insightful.
You can find the answers you seek here: https://www.entrepreneurs.ng/35-business-ideas/
Let’s know if you have other concerns.
Thank you on this information, my question thus; Can POS agent get two machines from the same bank to be operated in different locations?
Secondly can an agent get the machine from Lagos and Operate it in Ondo State?
Thank you for reaching out to us. We’re glad you found the content insightful. Moreso, we have an in-depth guide that will answer most of the questions you have concerning the POS business. Do get the crash course here: https://www.entrepreneurs.ng/35-business-ideas/
Thank you.
Thank you for this info. Am interested in the business. Is it possible to start it without a registered business name?
Hello Daniel,
It’s good you’re interested in starting the POS business. You need to get this guide:
https://www.entrepreneurs.ng/35-business-ideas/
It’s a comprehensive proposal to start the POS business and 34 other businesses. It will answer your question and give you a head start on your entrepreneurial journey.
Thank you.
Thank you, very insightful.
You’re welcome Abimbola,
It’s good you’re interested in starting the POS business. Get this guide:
https://www.entrepreneurs.ng/35-business-ideas/
It’s a comprehensive proposal to start the POS business and 34 other businesses. It will answer any questions you may have and give you a head start on your entrepreneurial journey.
Thank you.
I am interested, but how much is the pos machine I need to buy and own it.
Hello Christy,
Thank you for reaching out to us. We’re glad that you’re interested in starting the POS business.
We have a more comprehensive guide that contains the overall cost of starting the POS business and 34 other profitable business ideas.
Get it here:
https://www.entrepreneurs.ng/35-business-ideas/
We’re here for you if you have any business concern.
Thank you.
Wow you guys have opened my eyes concerning anything about POS thanks alot.
We’re glad you found it insightful, Godwill.
There’s an even more comprehensive guide with the cost of starting the POS business and 34 other lucrative businesses in Nigeria.
Get it here:
https://www.entrepreneurs.ng/35-business-ideas/
This will give you a head start on your entrepreneurial journey.
Thank you.
Thanks for the info. I am so interested in it, but what if I do not have up to 50k, can I do the business.
Hello Pelumi,
Thank you for reaching out to us.
There are so many ways to raise funding, most of which, we have covered on this platform.
Also, we have a comprehensive guide with a step-by-step guide to start the POS business and 34 other businesses.
You can get the crash course here:
https://www.entrepreneurs.ng/35-business-ideas/
DO let us know if you have any other concerns.
I’m very interested in providus bank POS but, I’m living in Bauchi State.
However, I have a good location where I’m operating different type of businesses.
I also want to know the bank charges for the POS collection apart from my Capital of the transaction.
Hello Musa,
Please, get a comprehensive proposal to start the POS business here: https://www.entrepreneurs.ng/35-business-ideas/
It contains every information you need to start your POS business.
Thank you.
U are blessed
Highly Appreciated for this insight as I’m planning having a POS business But the idea of having another business before on can start POS Business is not encouraging at all.
Hello Oyewale,
It’s good that you have an interest in starting the POS business. We have a comprehensive proposal that will help you mitigate any challenge. Get it here: https://www.entrepreneurs.ng/35-business-ideas/
With the guide, you will successfully start the POS business and 34 other businesses.
Thank you.
Please I am so much interested in this business, I will like to carry out this business in my area because there’s no too much bank in my area.
Hello Lucky,
We’re glad you’re interested in starting the POS business. We recently published an in-depth guide that will serve as a crash course for starting the POS business and 34 other profitable business ideas. It contains the costs of everything you need to start the business.
Get it here:
https://www.entrepreneurs.ng/35-business-ideas/
Thank you.
Thank you very much for this wonderful information. My question is can someone start this POS business or must have another business before he can be able to have a pos machine
Hello Isreal,
We’re glad you found the content very useful. Your question was answered in the piece. Please know that we have a comprehensive guide coming out soon that contains the strategies and investment cost of starting the POS business and other businesses. We will send an email and also make the announcement on Entrepreneurs.ng once it’s launched. Thank you.
Hi and happy weekend.
You guys are doing a great job by giving us information and not making us deformed. Kudos to you all!
Hello Tunji,
Thank you for your kind words.
It’s good you’re interested in starting the POS business. You need to get this guide:
https://www.entrepreneurs.ng/35-business-ideas/
It’s a comprehensive proposal to start the POS business and 34 other businesses. It will answer your question and give you a head start on your entrepreneurial journey.
Thank you.
I’m interested,,but how much exactly is needed to float the business?
Hello Collins,
We’re glad you found the content very useful. Please know that we have a comprehensive guide coming out soon that contains the strategies and investment cost of starting the POS business and other businesses. We will send an email and also make the announcement on Entrepreneurs.ng once it’s launched. Thank you.
Thanks for this helpful insight into the business.
We are glad you found the content insightful. Please know that we have a comprehensive guide coming out soon that contains the strategies and investment cost of starting the POS business and other businesses. We will send an email and also make the announcement on Entrepreneurs.ng once it’s launched. Thank you.
Please without me owning a business that means I’m not eligible to have my POS business ?
Hello Stephanie,
Thank you for reading. This is true at the time of our research. Please know that we have a comprehensive guide coming out soon that contains the strategies and investment cost of starting the POS business and other businesses. We will send an email and also make the announcement on Entrepreneurs.ng once it’s launched. Thank you.
Thanks, a lot for this write-up.
My question is:- Which of the banks has a moderate fee for each transaction?
Thank you for writing to us. We have an in-depth guide that contains all you need to know about starting the POS business. Get it here:https://www.entrepreneurs.ng/35-business-ideas/
Thank you.
Very insightful. However, you did not specify how to operate the device. Is the bank going to teach the process?
Hello Henry,
We’re glad you found the content very useful. Usually, banks work with agencies that teach you the process. Please know that we have a comprehensive guide coming out soon that contains the strategies and investment cost of starting the POS business and other businesses. We will send an email and also make the announcement on Entrepreneurs.ng once it’s launched. Thank you.
Thank you so much, am trying to be in. Am so happy about this guidelines
Hello David,
We’re glad you found the content very helpful. You can start implementing all you learned from the guide. However, we have a more comprehensive guide coming out soon that contains the strategies and investment cost of starting the POS business and other businesses. This will be launched soon on Entrepreneurs.ng and we will make the announcement once it’s launched. Do keep tabs on Entrepreneurs.ng.
Thank you.
I am interested in this business but how to connect with them is my problem
Hello Abduls,
We’re glad you found the content very helpful. The guide is explanatory, you can approach a bank and find out their requirements. However, we have a more comprehensive guide coming out soon that contains the strategies and investment cost of starting the POS business and other businesses. This will be launched soon on Entrepreneurs.ng and we will make the announcement once it’s launched. Do keep tabs on Entrepreneurs.ng.
Thank you.
Thank you for a wonderful write-up, I plan on venturing into the POS business but the issue is that, can I employ someone to work for me?
Hello Wilmont,
Thank you for your reading. We’re glad you found the content insightful. Yes, you can employ someone to work for you. But, you have to understand how the business operates to be an effective business owner.
Also, we have a more comprehensive guide coming out soon that contains the strategies and investment cost of starting the POS and other businesses. This will be launched soon on Entrepreneurs.ng and we will make the announcement once it’s launched. Do keep tabs on Entrepreneurs.ng.
Thank you.
How much can someone get to start up the business?
Hello,
Thank you for reading.
We’re glad you found the content very helpful. We have a more comprehensive guide coming out soon that contains the strategies and investment cost of starting the POS business and other businesses. This will be launched soon on Entrepreneurs.ng and we will make the announcement once it’s launched. Do keep tabs on Entrepreneurs.ng.
Thank you.
Insightful pieces of information. Thanks for the write up. I’m already in the POS business. I sited my POS terminal in a residential area. I am using Opay POS at the moment while waiting for my bank agent processing to be completed. I am facing challenges of customers being debited in the process of withdrawing even when the transaction did not pull through. Please, is there a remedy for this? Because it is affecting the business.
Hello Emmanuel,
Thank you for sharing your experience. We’re happy for your progress. For the challenge you’re experiencing, you can talk to your provider and see if they have a solution for you.
If you want to master the POS business, we have a comprehensive guide coming out soon that contains the strategies and investment cost of starting the POS business and other businesses. In addition, you will learn how to market your business and succeed. Do keep tabs on Entrepreneurs.ng because we will make the announcement once it’s ready.
Thank you.
Pls help me out, how can one get the opay pos machine and what is cost ? Here is my phone 08039447070
Lovely, insightful, generous and eloquently offered business opportunity.
I would like to hear more about your organization.
Many thanks.
Andrew
Thank you so much, Andrew.
We’re glad you found the content useful. Interestingly, we have a more in-depth guide coming out soon that contains the marketing analysis and investment cost of starting the business and other business ideas. Please keep tabs on Entrepreneurs.ng because we will make the announcement there.
Please stay safe.
I will follow the procedure and see how it goes!!
Hello John,
We’re glad you found the content insightful. It will interest you to know that we have a comprehensive coming out soon that contains the investment cost and marketing analysis for starting the POS business and other business ideas. Please, keep tabs on Entrepreneurs.ng because we will make the announcement as soon as it’s released.
Thank you.
Nice one!
How much is pos device that comes from business org not from banks.
Hello,
We are glad you found it useful. Interestingly, we have an even comprehensive guide coming out soon that will contain the investment cost and marketing strategies to start the POS business and other businesses. Keep tabs on Entrepreneurs.ng because we will make the announcement as soon as it’s launched.
Thank you.
Wow,really a lucrative business
Hello Purity,
We’re glad you found the content very insightful. Interestingly, we have an even comprehensive guide coming out soon that contains the investment cost and marketing strategies to start the POS business and other businesses. Keep tabs on Entrepreneurs.ng because we will make the announcement as soon as it’s launched.
Thank you.
I really like the write-up…So I will start the pos business
That’s very nice to hear Anuoluwapo. Interestingly, we have an even comprehensive guide coming out soon that will contain the investment cost and marketing strategies to start the POS business and other businesses. Keep tabs on Entrepreneurs.ng because we will make the announcement as soon as it’s launched.
Thank you.
Thanks for this information… I would like to start the business.
Hello Elijah,
We’re glad you found it useful. Also, we will like to tell you that we have a more comprehensive guide coming out soon that contains the investment cost and marketing strategies for starting the business. Please, keep tabs on Entrepreneurs.ng because we will make the announcement there once it’s published.
I will like to open a pos business
Hello Rita,
We are glad that you like the content and will like to start the POS business. Please know that we have a comprehensive guide coming out soon that contains the cost of the investment for starting the POS business and other business ideas. Do keep tabs on Entrepreneurs.ng because we will make the announcement as soon as it’s released.
Thank you.
It’s lucrative indeed.
Hello Johnson,
We’re glad you found the content insightful.
We have a comprehensive guide coming out soon that’s more comprehensive and contains the cost of the investment for starting the business. Please, keep tabs on Entrepreneurs.ng because we will make the announcement as soon it’s launched.
Thank you.
Thanks, but how much do I need to start the Pos business
Hello Mrs. Adetutu,
We’re glad you found the content insightful. We have a comprehensive guide coming soon that contains the financial breakdown and marketing strategies to start this business and other business ideas. Please, keep tabs on Entrepreneurs.ng as we will make the announcement when it’s launched.
It’s interesting really, I will like to start the business.
Hello Enoch,
We’re glad you found it insightful. We have a comprehensive guide that contains the financial breakdown of the investment you need to make for the business. Please, keep tabs on Entrepreneurs.ng because we will make the announcement once it’s released.
Thanks so much, very enlightening!
We are glad you found it insightful. We have a guide coming out soon that’s more in-depth. We will make the announcement on Entrepreneurs.ng once the guide is released. So, keep tabs on Entrepreneurs.ng.
So how much do I need to start this business
Hello Faith,
Thank you for reaching out to us and we’re glad you found the content insightful.
We have a guide coming out soon that contains the amount of investment you need to start the POS business and other business ideas. Please keep tabs on Entrepreneurs.ng as we will make the announcement as soon as it’s out.
Thank you.
I’m so happy about this guideline I thought is something very difficult before.
Thank you, Oluwaseun for reading. We are glad you found it insightful. Please click the share button and share it with your network.