Many people are not ignorant of the challenges that come with running a retail shop. Managing inventory, paying rent, and handling customer demand is quite demanding, especially in Nigeria today. However, there’s a growing trend toward POS agents earning more than some small businesses. It might sound surprising, but a closer look at the realities
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Many people are not ignorant of the challenges that come with running a retail shop. Managing inventory, paying rent, and handling customer demand is quite demanding, especially in Nigeria today. However, there’s a growing trend toward POS agents earning more than some small businesses. It might sound surprising, but a closer look at the realities
115The push for a cashless economy continues in Nigeria, but the streets tell a different story. Among the ordinary people, cash is still king. Walk into a salon, stop by a fuel station, enter a keke, book a bus, buy food at a local restaurant or even visit a small market stall… and you will
The push for a cashless economy continues in Nigeria, but the streets tell a different story. Among the ordinary people, cash is still king. Walk into a salon, stop by a fuel station, enter a keke, book a bus, buy food at a local restaurant or even visit a small market stall… and you will
192In Nigeria, POS agents have become a vital part of the financial landscape, offering banking services such as withdrawals, deposits, and transfers. However, in recent years, many POS agents have expanded their service offerings to include bill payments and other convenient services, such as betting wallet payments. This shift has transformed POS stands from simple
In Nigeria, POS agents have become a vital part of the financial landscape, offering banking services such as withdrawals, deposits, and transfers. However, in recent years, many POS agents have expanded their service offerings to include bill payments and other convenient services, such as betting wallet payments. This shift has transformed POS stands from simple
567As a POS agent offering financial services, are you navigating the business alone? While anyone can start a POS business, it requires effort and support to sustain and grow. This support often comes from being part of a strong, informed community. A thriving community can make a big difference, whether in family, business, or personal
As a POS agent offering financial services, are you navigating the business alone? While anyone can start a POS business, it requires effort and support to sustain and grow. This support often comes from being part of a strong, informed community. A thriving community can make a big difference, whether in family, business, or personal
768Nigeria 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
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
847The 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
673The 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.
776Nigerian 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
1.9KThe Point-of-Sale (PoS) business has some challenges though it is a lucrative and an- easy venture. From securing the initial equipment to following regulatory policies and operational setbacks, POS agents face unique struggles that often go unnoticed, which allows people to criticise them. This past week, we interacted with PoS agents to gain firsthand insights
The Point-of-Sale (PoS) business has some challenges though it is a lucrative and an- easy venture. From securing the initial equipment to following regulatory policies and operational setbacks, POS agents face unique struggles that often go unnoticed, which allows people to criticise them. This past week, we interacted with PoS agents to gain firsthand insights
886Agency banking has become an effective tool for extending financial services to underserved and unbanked communities. Despite its transformative potential, one persistent challenge is liquidity management, which ensures agents have adequate cash to meet customer needs. Artificial Intelligence (AI) is revolutionising this process, which offers innovative solutions to optimise liquidity management in agency banking. This
Agency banking has become an effective tool for extending financial services to underserved and unbanked communities. Despite its transformative potential, one persistent challenge is liquidity management, which ensures agents have adequate cash to meet customer needs. Artificial Intelligence (AI) is revolutionising this process, which offers innovative solutions to optimise liquidity management in agency banking. This
