The POS agents have become some of the most important figures in Nigeria’s financial ecosystem. There is no street in Nigeria where you don’t see a POS agent providing financial services to customers. Sometimes, you may even see two to three of them. What started as a solution for cash withdrawals and deposits has grown
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The POS agents have become some of the most important figures in Nigeria’s financial ecosystem. There is no street in Nigeria where you don’t see a POS agent providing financial services to customers. Sometimes, you may even see two to three of them. What started as a solution for cash withdrawals and deposits has grown
The POS business continues to thrive, hence why you see POS agents almost everywhere you turn. POS agents handle cash withdrawals for market traders, process transfers for people who cannot get to the bank, and bring financial services right to where people live. For a long time, many people treated POS as a side hustle.
The POS business continues to thrive, hence why you see POS agents almost everywhere you turn. POS agents handle cash withdrawals for market traders, process transfers for people who cannot get to the bank, and bring financial services right to where people live. For a long time, many people treated POS as a side hustle.
If you have been running a POS business for any length of time, you already know that cash withdrawals alone will not take you far. The POS business in Nigeria has evolved. Today, a single terminal can power multiple services and each service is another income stream. The agents who are thriving are not just
If you have been running a POS business for any length of time, you already know that cash withdrawals alone will not take you far. The POS business in Nigeria has evolved. Today, a single terminal can power multiple services and each service is another income stream. The agents who are thriving are not just
101The POS business has become one of the most accessible ways to earn a steady income in Nigeria. It has become almost impossible to walk down the streets in Lagos, Abuja, Ibadan, Onitsha, Kaduna, and not find at least one agent offering cash withdrawals, transfers, and bill payments under a canopy or inside a small
The POS business has become one of the most accessible ways to earn a steady income in Nigeria. It has become almost impossible to walk down the streets in Lagos, Abuja, Ibadan, Onitsha, Kaduna, and not find at least one agent offering cash withdrawals, transfers, and bill payments under a canopy or inside a small
108Agency banking and card payments have opened real doors for Nigerian entrepreneurs. As a POS agent, you are at the centre of your community’s financial life. You help people withdraw cash, send money, pay bills, and access services they might otherwise have to travel far to get. But here’s the truth most people won’t tell
Agency banking and card payments have opened real doors for Nigerian entrepreneurs. As a POS agent, you are at the centre of your community’s financial life. You help people withdraw cash, send money, pay bills, and access services they might otherwise have to travel far to get. But here’s the truth most people won’t tell
139If you run a POS business in Nigeria, you already know the drill. A customer walks up, hands you their card or gives you their account details, and waits. In that moment, everything depends on one thing whether your machine works. When it does, you earn. When it doesn’t, you lose. It’s that simple. In
If you run a POS business in Nigeria, you already know the drill. A customer walks up, hands you their card or gives you their account details, and waits. In that moment, everything depends on one thing whether your machine works. When it does, you earn. When it doesn’t, you lose. It’s that simple. In
182Many unpredictable issues can occur when running a POS business. For instance, on a busy Monday morning, when customers are lined up to withdraw, your POS machine may suddenly stop working. Yes, it could be no network, failed transactions, power issues, software glitches or your receipts are not printing. And you have no idea what
Many unpredictable issues can occur when running a POS business. For instance, on a busy Monday morning, when customers are lined up to withdraw, your POS machine may suddenly stop working. Yes, it could be no network, failed transactions, power issues, software glitches or your receipts are not printing. And you have no idea what
154Every transaction matters to every POS agent. The transactions include withdrawals, deposits and bill payments. No matter where your POS business is located, it might be in a busy market, a motor park or on a campus, money moves in and out of your POS business every day. But are you keeping track of all
Every transaction matters to every POS agent. The transactions include withdrawals, deposits and bill payments. No matter where your POS business is located, it might be in a busy market, a motor park or on a campus, money moves in and out of your POS business every day. But are you keeping track of all
If you run a POS business in Nigeria, chances are you’ve dealt with this before. Once upon a transaction time, a customer wanted to buy a wristwatch from a seller, but the seller didn’t trust mobile payments, so he called a nearby POS vendor to receive the payment on his behalf. After all parties agreed,
If you run a POS business in Nigeria, chances are you’ve dealt with this before. Once upon a transaction time, a customer wanted to buy a wristwatch from a seller, but the seller didn’t trust mobile payments, so he called a nearby POS vendor to receive the payment on his behalf. After all parties agreed,
As a POS agent, you’re probably not new to your POS machine rejecting cards. POS card rejections happen more often than they should, and for POS agents who depend on cashless payments to keep things running, every failed transaction hurts. The good news is that most POS card rejection issues are fixable. You just need
As a POS agent, you’re probably not new to your POS machine rejecting cards. POS card rejections happen more often than they should, and for POS agents who depend on cashless payments to keep things running, every failed transaction hurts. The good news is that most POS card rejection issues are fixable. You just need
