Best POS in Nigeria: Moniepoint vs Opay vs Supply Smart (2025)
It’s 2 PM on a busy Friday. You have a long queue of customers, and on the fifth person, the POS flashes “Network Error.” You try again. Nothing. The customer gets impatient and walks away. That’s a lost transaction, lost income and a dent in your reputation. Most agents assume the best POS is the […]
Top 10 Businesses That Absolutely Need a POS Device in Nigeria (And Why)
In Nigeria, the adoption of the Point of Sale (POS) device is no longer a luxury, but it’s a necessity for everyday business. With the Central Bank of Nigeria (CBN) pushing a cashless policy, fintech providers like Supplysmart OPay, Moniepoint, PalmPay, and Kuda are making it easier for businesses to accept card payments, mobile money, […]
How to Get a POS Machine in Nigeria: Your Ultimate 2025 Guide
So, you’ve been thinking about getting a POS machine? Good. ‘Cause if you’re still collecting only cash in 2025, you may as well be accepting cowries. These days, every sharp business, whether you’re selling akara, phone accessories, or managing a small supermarket, needs a POS machine. Maybe you’re here because you want to start a […]
Top 5 POS Machines for Small Businesses in Nigeria (2025 Review)
Cashless transactions are now the lifeblood of small businesses in Nigeria. From retail stores and restaurants to shopping malls and even roadside kiosks, everyone is embracing digital payments. For small businesses wey no get large capital or staff, every second and every naira counts. That’s why choosing the right POS, one that won’t hang or […]
How to Calculate POS Profits in Nigeria (Daily, Monthly & Real Examples)
You’ve probably heard that people are making “up to ₦5k to ₦15k daily” from their POS hustle. But how much of that is actual profit? And how can you confidently calculate yours? This guide is your no-fluff, beginner-friendly walkthrough to understanding profits in the POS business. We’ll break it down step by step, from revenue […]
How to Operate a POS Machine: The Beginner’s Guide
Accepting various payment methods is very important now in this digital age, and if you’re just starting with digital payments or upgrading your system, POS machines might seem tricky. You might be worried about mistakes or things going wrong. I mean, what if you make a mistake during a transaction? Or how can you avoid […]
When ₦1.2 M Feels Like Pennies: How the Daily Cap Limit is Reshaping Agency Banking
Just imagine walking up to your local POS agent to withdraw cash, only to be told, “Sorry, I’ve reached my limit – please come back tomorrow.” This is the new reality for Nigeria’s agency banking. In December 2024, the Central Bank of Nigeria (CBN) introduced a rule limiting daily withdrawals to ₦1.2 million per POS […]
7 Lucrative Business Idea in Nigeria to Start with 500k
With the current state of the Nigerian economy, rising inflation, fluctuating naira value, and the ever increasing unemployment rate, many aspiring entrepreneurs feel stuck.The fear of financial loss, limited capital, and unstable market conditions stop one from launching that business idea they have been dreaming about. I have been in this phase and I was […]
Who Is a POS Agent? Understanding Roles and Responsibilities
In today’s fast evolving digital economy, Nigeria continues its journey towards financial inclusion. One key player championing this course is the POS agent, bridging the gap between banks and the unbanked, and delivering essential financial services where traditional institutions fall short. Who exactly is a POS agent? What do they really do, and why are […]
7 Common Mistakes to Avoid as a POS Agent in Nigeria
Since its inception in 2013, POS business has experienced exponential growth across Nigeria, becoming a vital tool in expanding financial inclusion. The increasing demand for convenient banking alternatives has paved way for more individuals becoming POS agents. However, it has also exposed many operators to pitfalls that can hurt their profitability and legal standing. Avoiding […]
