Nigeria has shifted focus toward a cashless economy, which has changed the way POS businesses operate. These outlets act as the financial lifeline for communities with limited banking access, so every tweak in payment rules lands on their countertop first. Below is a look at how the cashless policy affects POS operators, customers, and partnering
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Nigeria has shifted focus toward a cashless economy, which has changed the way POS businesses operate. These outlets act as the financial lifeline for communities with limited banking access, so every tweak in payment rules lands on their countertop first. Below is a look at how the cashless policy affects POS operators, customers, and partnering
114The POS business in Nigeria is seen as a fast way to make money, but can every POS agent honestly say it’s profitable for them? While many agents are smiling to the bank, others are wondering what they’re doing wrong. If you’ve ticked all the boxes, for instance, if you’re in a good location, your
The POS business in Nigeria is seen as a fast way to make money, but can every POS agent honestly say it’s profitable for them? While many agents are smiling to the bank, others are wondering what they’re doing wrong. If you’ve ticked all the boxes, for instance, if you’re in a good location, your
157The POS business in Nigeria keeps booming and has become a lifeline in many communities, especially the underserved areas. From small villages without a single bank branch to bustling Lagos streets, POS agents meet real financial needs daily. The boom and rising competition expose agents to fraud risks and operational challenges, so not everyone stays
The POS business in Nigeria keeps booming and has become a lifeline in many communities, especially the underserved areas. From small villages without a single bank branch to bustling Lagos streets, POS agents meet real financial needs daily. The boom and rising competition expose agents to fraud risks and operational challenges, so not everyone stays
150The Nigerian banking sector has seen a lot of transformation over the past decade. It has witnessed the shift from traditional bank branches to mobile apps and virtual wallets and the emergence of agency banking. Agency banking as an innovation has made banking more flexible and accessible, especially in regions where bank branches are limited.
The Nigerian banking sector has seen a lot of transformation over the past decade. It has witnessed the shift from traditional bank branches to mobile apps and virtual wallets and the emergence of agency banking. Agency banking as an innovation has made banking more flexible and accessible, especially in regions where bank branches are limited.
209The success of your POS business depends on some things, including a reliable and uninterrupted transaction system. Network downtime can be frustrating not just for you as an agent but for customers who will be disappointed. If the issue of network downtime persists, it can weaken customer trust and reduce your daily profits. You do
The success of your POS business depends on some things, including a reliable and uninterrupted transaction system. Network downtime can be frustrating not just for you as an agent but for customers who will be disappointed. If the issue of network downtime persists, it can weaken customer trust and reduce your daily profits. You do
227In Nigeria’s current economy, times are tough. Everyone, including POS agents, is looking for ways to diversify, grow their businesses, and increase profits. If you’ve been asking, “How can I grow my POS business?” this post is for you. Generally, POS businesses in Nigeria are lifesavers for people in underserved communities with limited access to
In Nigeria’s current economy, times are tough. Everyone, including POS agents, is looking for ways to diversify, grow their businesses, and increase profits. If you’ve been asking, “How can I grow my POS business?” this post is for you. Generally, POS businesses in Nigeria are lifesavers for people in underserved communities with limited access to
317As a POS or money agent, your daily work involves handling cash, transfers, and customer transactions, which comes with risk. You are especially exposed to fraudsters using fake bank alerts to deceive you. One mistake of not confirming the transaction alert can cost you your whole day’s earnings. That’s why it’s important to understand how
As a POS or money agent, your daily work involves handling cash, transfers, and customer transactions, which comes with risk. You are especially exposed to fraudsters using fake bank alerts to deceive you. One mistake of not confirming the transaction alert can cost you your whole day’s earnings. That’s why it’s important to understand how
364POS (Point of Sale) machines are useful tools for many small businesses and POS or money agents. Sometimes, transactions might fail and cause confusion and misunderstanding between the agent and customers. It happens, but the good news is that most failed POS transactions can be resolved once you know what to look for. This post
POS (Point of Sale) machines are useful tools for many small businesses and POS or money agents. Sometimes, transactions might fail and cause confusion and misunderstanding between the agent and customers. It happens, but the good news is that most failed POS transactions can be resolved once you know what to look for. This post
178Nigerian banking and finance has undergone a significant transformation, especially in underserved regions where access to financial services is limited. Agency banking emerged as a game-changer and bridged the gap between traditional banks and unbanked communities. This innovative model has reduced the reliance on physical bank branches by enabling financial institutions to extend their reach
Nigerian banking and finance has undergone a significant transformation, especially in underserved regions where access to financial services is limited. Agency banking emerged as a game-changer and bridged the gap between traditional banks and unbanked communities. This innovative model has reduced the reliance on physical bank branches by enabling financial institutions to extend their reach
319As the POS business grows in Nigeria, agents have become easy targets for scammers. Many agents often worry about their safety since a single fraudulent attack can disrupt or cripple their business. Fraudsters are developing new tricks to scam vulnerable POS agents; this is why it is important to stay informed and vigilant as an
As the POS business grows in Nigeria, agents have become easy targets for scammers. Many agents often worry about their safety since a single fraudulent attack can disrupt or cripple their business. Fraudsters are developing new tricks to scam vulnerable POS agents; this is why it is important to stay informed and vigilant as an
