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
Loading
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
60If 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
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
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
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
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
Point-of-sale (POS) services have become a key part of Nigeria’s financial system. There is no market, neighbourhood, or busy street corner that you walk into that you won’t find a POS agent ready to help people withdraw cash, pay bills, or transfer money. The services they offer are often faster than a trip to the
Point-of-sale (POS) services have become a key part of Nigeria’s financial system. There is no market, neighbourhood, or busy street corner that you walk into that you won’t find a POS agent ready to help people withdraw cash, pay bills, or transfer money. The services they offer are often faster than a trip to the
212As a POS agent, you already know the hustle. You wake up early, set up your stand, and serve tens, sometimes hundreds, of customers daily. Your POS machine is your livelihood. But it can also be your biggest weak point if you’re not careful. Fraud in the POS agent business is not new. You’ve probably
As a POS agent, you already know the hustle. You wake up early, set up your stand, and serve tens, sometimes hundreds, of customers daily. Your POS machine is your livelihood. But it can also be your biggest weak point if you’re not careful. Fraud in the POS agent business is not new. You’ve probably
611While the new CBN rules such as geo-fencing of terminals and one principal is set to take effect from April, the new withdrawal limits started January 1, 2026. The new cash withdrawal rules will affect everyone who uses POS terminals or withdraws from POS agents. These limits will change how you handle cash transactions, whether
While the new CBN rules such as geo-fencing of terminals and one principal is set to take effect from April, the new withdrawal limits started January 1, 2026. The new cash withdrawal rules will affect everyone who uses POS terminals or withdraws from POS agents. These limits will change how you handle cash transactions, whether
443If you’re running a POS business in Nigeria, the new CBN agency banking regulations have likely caught your attention. This isn’t the first time the Central Bank has updated the rules to protect the industry, but the 2026 guidelines are different—they’re stricter, more structured, and designed to bring lasting change. Issued on October 6th, these
If you’re running a POS business in Nigeria, the new CBN agency banking regulations have likely caught your attention. This isn’t the first time the Central Bank has updated the rules to protect the industry, but the 2026 guidelines are different—they’re stricter, more structured, and designed to bring lasting change. Issued on October 6th, these
