11 Best & Affordable POS Machines in Nigeria to Start Business 2024

Last updated on August 11th, 2024 at 06:42 pm

Looking for the best POS vending companies in Nigeria? offline POS machine in Nigeria? Look no further! This article lists the best offline POS machines in Nigeria for you to have an understanding of the POS business in Nigeria so that you can choose to partner with anyone you like. The good thing is that all of these 11 POS machines are very easy to obtain.

But before we look into the best POS machines, let’s define what POS is…

What is the full meaning of POS?

11 Best & Affordable POS Machines in Nigeria to Start Business in 2024

The point and location at which a retail transaction is completed are known as the Point of Sale (POS) or point of purchase. The merchant determines the amount the consumer owes at the point of sale, displays that amount, creates an invoice for the customer, and displays the alternatives for the customer to make payment.

Types of POS Machine

There are mainly 4 points of sale technologies:

Legacy Software (On-Site Server)
Cloud Computing Terminals
Mobile Terminals (mPOS)
Self-service Terminals (Kiosk)

Below is the list of the best 11 POS Machines in Nigeria

1. OPay POS Machine

There are many POS machines but the OPay POS machine is one of the best and most used POS for carrying out limitless transactions.

It is one of the vending companies in Nigeria that you can easily get at a very affordable rate.

OPay POS machine comes with a 12-month warranty with the ability to have any repairs done free of charge by their customer service team.

You also get lifetime technical support from them too at no cost if you choose to partner with them.

Read Also: How to start a POS business in Nigeria

How to get OPay POS Machine and become OPay Agent

Here is a general requirement to fill and complete the OPay POS application form:

BVN number.
Utility bill (NEPA bill).
Well captured Passports.
Valid identity card (ID card).
Your First Name And Surname.
Your Shop or company address.

2. Moniepoint POS machine

Moniepoint POS is a business initiative launched by a startup Fintech company in Nigeria and currently investing in order to expand to other parts of Africa.

If you want to know more about Moniepoint POS, stay on this page!

Read: PalmPay Pos Charges: How to Apply, Charges and Commission Information

How Do I Apply for a Moneypoint POS in Nigeria?

Applying for Moniepoint POS is easy, but you must be:

Above 18 years;
A Nigerian;
Responsive and tech-savvy, and
Own a smartphone.

Moniepoint POS price

Moniepoint POS machine is free. However, you must first complete their requirements and become an agent. This process can take some time but if you can’t wait, just locate any of their offices nearest to you and buy one for yourself – the price is ₦25,000 to save the time of going through the lengthy process of getting a free POS machine.

3. Kudi POS machine

Kudi is a leading international fintech firm based in Nigeria with many outlets in Kenya and Ghana and rapidly expanding throughout Africa.

Kudi POS agents are authorized under the fintech giant to carry out transactions for their customers.

Kudi is registered by CAC therefore, trust is not an issue at all.

Kudi POS terminals are free of charge. But, for you to get one, you will have to pay a security deposit/caution fee of ₦20,000. The requirement is that you can provide an end-of-day transaction report or statement of account to prove that you can meet the transaction target on the POS terminal.

How to get kudi pos

Visit the nearest Kudi office to you

Obtain the form from their agent, fill and submit it
Make a payment of N20,000 to the office (money is nonrefundable).

Kudi POS will then review your application and release a POS to you instantly.

How do I contact Kudi?

kudi pos contact address and number

Nigeria Office address: 19b Bosun Adekoya Street, Lekki Phase 1, Lagos, Nigeria.

United States Office Address: 1776 Sacramento St Apt 311 SAN Francisco CA 94109

Phone: 01 888 5008

Email: Support@Kudi.Co

4. Paga POS

To get a Paga POS you have to sign up first. You can send an email to agents@mypaga.com, or visit to sign up here: www.paga.com.

Then, select Agent and click on Become an Agent to get started.

You can also register your interest by using any of the channels below:

Call: 07000007242 Or 012777160

Email: service@mypaga.com

Twitter: @paga

Read: Cheapest POS Charges in Nigeria 2022

How to get Paga POS

The following documents will be required

A verified Identity card such as International Passport, National ID Card, or Voters Card
Utility Bill (Nepa Bill)
Business License (For Registered business only)
BVN
Valid Account Number
email address

5. Paycenter POS

The PayCentre “online” POS and mobile app grants you the freedom to receive and provide banking hall services by offering you the best agency banking solution in Nigeria.

You can become a PayCentre agent in a few days by filling out and submitting the form, which you can access through this link.

PayCentre’s mission is to create employment. Agents benefit from being able to run profitable businesses and earn decent wages.

Read: Top Investment Companies that pay weekly in Nigeria

Paycenter POS Feature Charges

Paycenter POS is an easy-to-use platform that grants you total control and insight into your business.

With the Paycentre solution, you can perform the following transactions –

Account Opening
Deposit/Cash in
Withdrawal/Cash out
Loan Application
Card Issuance
Card Activation
Funds Transfer
Bills Payment
Recharge Top Up

Paycenter POS Charges

Paycenter POS Commission charges range between 0.75% and 1%

6. Baxi Box POS

Baxi platform has a nationwide agent network focusing on communities and areas not sufficiently served to carry out financial transactions.

Baxi Box POS is a platform that provides an easier way to earn for every transaction on a wide range of products with real-time access to the value of an investment.

How to become a Baxi Box POS Agent

You can show interest in becoming a Baxi POS agent by calling this number: 017008571.

You could also reach out to them on their social media platforms.

To get the Baxi Box POS, follow the steps below;

Go to Play Store or App store
Search for Baxi Mobile
Download the App
Sign up and follow the prompt

Apply for a Loan to start your POS business: Top #35 Quick Loan Apps in Nigeria [Flexible Repayment]: How to Apply in 2022

Baxi POS Charges

Baxi box POS charges:

0.55% from ₦1000 – ₦20,000.

₦100 flat rate from ₦20,001 – ₦100,000

₦150 from ₦100,001.

Read More: Baxi Box POS Transaction Charges, Commission Rate & How to Apply

7. Firstmonie POS machine

Firstmonie is an initiative of First Bank Nigeria plc. The Firstmonie POS was introduced to customers in unbanked or underbanked to extend financial services through registered Firstmonie agents.

Transactions you can do on Firstmonie POS machine without going to the bank are:

Open a FirstBank account
Deposit Money
Withdraw money from any Bank
Send money to any Bank
Pay Bills
Buy Airtime
Enroll for BVN

First bank pos charges

0.75% per transaction.

According to CBN Nigeria, “the maximum total fee that a merchant shall be charged for any POS transaction shall be 1.25% of the transaction value subject to a maximum of N2, 000.00. Exceptions may apply in respect of travel and entertainment merchants including but not limited to hotels, restaurants, airlines, etc.”

Requirements to get Firstmonie POS machine – How to get first bank pos

You must have at least ₦50,000 in working capital for the POS business as an individual or a minimum of ₦250,000 in working capital as a registered business owner.
First bank current account operational for at least one year before applying; that is, your account receives and sends money in your first bank account for a year
Submit the location of your business. This can be your store or any other vacant space – rented or owned by you.

8. Zenith Bank POS Agent

Zenith bank POS is fast, secure, and free. To get Zenith Bank POS as an agent only takes a few minutes. You must have a corporate account with Zenith Bank for at least 6 months before you can become a Zenith Bank POS agent.

The bank will also monitor your day-to-day transactions before approving your business to implement a POS.

zenith bank pos charges

0.75% per transaction. According to CBN Nigeria, “the maximum total fee that a merchant shall be charged for any POS transaction shall be 1.25% of the transaction value subject to a maximum of N2,000.00. Exceptions may apply in respect of travel and entertainment merchants including but not limited to hotels, restaurants, airlines, etc.”

To get approval for Zenith Bank POS and become an agent, you must provide the following documents:

Legitimate ID card ( either: voter’s card, National ID card, International Passport, or driver’s license)
2 to 4 passport {photograph}
Latest utility bill
An existing current account with Zenith Bank.

You can Contact zenith bank via mail through :

possupportunit@zenithbank.com and also copy Zenithdirect@zenithbank.com.

Get Grant for your business: Available & Ongoing Grants in Nigeria for Businesses [2022 Updated]

9. GTBank POS Agent

GTBank POS is booming in Lagos and other parts of Nigeria. There’s no difference in the mode of operation of the POS device other than the issuing bank.

How to get GTBank POS

The first requirement is that you must have a current account, which you must have been using for transactions for at least 6 months.

To obtain the application form, simply walk into any GTBank nearest to you, or you could reach out to the bank via sme@gtbank.com

10. Access Closa Agent’s POS

To get approval for Access Bank POS and become an agent, you must provide the following documents:

Legitimate ID card ( either: voter’s card, Nation ID card, International Passport, or driver’s license)
2 to 4 passport {photograph}
Latest utility bill
An existing current account with Access Bank.

With these documents now available, next:

Visit the nearest Access Bank branch.
Request for an agency banking application.
Fill out the form with the right information and submit it.
Wait for approval and collection of Access Closa Agent’s POS.

11. Polaris Bank POS Machine

Polaris Bank, formerly Skye Bank allows individuals to apply for Polaris Bank POS with their savings account.

To get approval for Polaris Bank POS and become an agent, you must provide the following documents:

Legitimate ID card ( either: voter’s card, National ID card, International Passport, or driver’s license)
2 to 4 passport {photograph}
Latest utility bill
An existing current or savings account with Polaris Bank.

With these documents now available, next visit the nearest Access Bank branch.

POS Machine Dealers in Nigeria

BFM Consulting (36B, 2nd Floor, Toyin Street, Toyin Street, Ikeja, Lagos, Nigeria)
Neo Hitech Solutions Ltd (62B, Opebi Road, Opebi, Ikeja, Lagos, Nigeria)
Elite ShieldPro (2, cmd road, ikosi ketu, Magodo, Kosofe, Lagos, Nigeria)
Platinum Grade (5, Mojisola Street, Ifako-Agege, Ifako Ijaiye, Lagos, Nigeria)
ICT and I (Suite 4, 21, Opebi Road, Opebi, Ikeja, Lagos, Nigeria)
Wamcom Associates (5, Medical Road, Adjacent Computer Village, Ikeja, Lagos, Nigeria)
Boromax Global Limited (12, Simbiat Abiola Way, Computer Village, Ikeja, Lagos, Nigeria)
E-Print Solutions (E13/01, Arena Shopping Complex, Bolade, Oshodi Isolo, Lagos, Nigeria)
Citiserve Limited ( 368, Ikorodu Road, Maryland, Ikeja, Lagos, Nigeria)

Requirements To getting POS Machines From Banks.

Here are the most common requirements by Banks, before they can give you their POS machine.

Legitimate ID card ( either: voter’s card, Nationwide ID card, Worldwide passport, and driver’s license)
2 to 4 passport {photograph}
Latest utility bill (either: Nepa invoice, waste administration receipt, water invoice or every other legitimate invoice that exhibits your tackle)
Present an account together with your bank.

Price of POS Machines in Nigeria

If you are asking how much is the cost of POS in Nigeria, this section of the article will show you various POS and their price requirements in Nigeria.

S/N	POS NAME	PRICE (₦)	Main Requirements
1	Opay mini POS	8,500 Naira	Any Valid ID card, Nepa bill, and passport.
2	Opay traditional POS	35,000 Naira	Any Valid ID card, Nepa bill, and passport.
3	Opay Android/Smart POS	50,000 Naira	Any Valid ID card, Nepa bill, and passport.
4	Moniepoint POS	10,000 Naira	Any Valid ID card, Nepa bill, and passport.
5	kudi POS	20,000 Naira	Any Valid ID card, NIN, Nepa bill, and passport.
6	Palmpay POS	20,000 Naira	Any Valid ID card, Nepa bill, and passport.
7	Baxi mPOS	10,000 Naira	Valid ID card, Nepa bill, and passport.
8	Baxi Android POS	30,000 Naira	Any Valid ID card, Nepa bill, and passport.
9	Flutterwave POS	10,000 Naira	Valid ID card, Nepa bill, and passport.
10	Bankly POS	FREE	Any Valid ID card, Nepa bill, and passport.
11	Paycentre POS	14,000 Naira	Valid ID card, Nepa bill, and passport.
12	Surebanka POS	10,000 Naira	Any Valid ID card, Nepa bill, and passport.
13	Accelerex POS	10,000 Naira	Any Valid ID card, Nepa bill, and passport.
14	NowNow POS		Any Valid ID card, Nepa bill, and passport.
15	Firstmonie POS (By First bank)	FREE	Any Valid ID card, Nepa bill, and passport.
16	Surepadi POS (By Polaris bank)	FREE	Valid ID card, Nepa bill, and passport, plus a current account with the bank.
17	Zenith Bank POS	FREE	Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
18	Access Closa (By Access bank)	FREE	Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
19	UBA POS	FREE	Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
20	Union Bank POS	FREE	Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
21	Heritage Bank POS	FREE	Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
22	Stanbic Bank POS	FREE	Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
23	GTBank POS	FREE	Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
24	Itex POS		Any Valid ID card, Nepa bill, and passport
25	ECOSA POS	25,000 Naira	Any Valid ID card, Nepa bill, and passport
26	Wema Bank POS	FREE	Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
27	Parallex Bank POS	FREE	Any Valid ID card, Nepa bill, and passport, and Maintain a current account with Parallex Bank.

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