Nigeria’s economy is changing fast, and young people are becoming more practical. Instead of waiting for a “big break,” many now start simple, cash-flowing ventures. One of the easiest business models is the POS business. This post will delve into a small setup that delivers banking services to your street while providing youths with some profits.

What is a POS business?

A POS (Point-of-Sale) business is a business model that allows you to act as a mini-bank in your area. You help customers withdraw and deposit cash, pay bills, buy airtime or data using a POS terminal or mPOS linked to a bank or fintech app. It’s popular because it solves everyday needs where bank branches or ATMs are scarce.

Why does it matter?

• Requires low capital

Startup costs are bearable. Anyone interested in the POS business can start with a kiosk or table, an umbrella, a POS/mPOS system, and data. Depending on your model, you can get started from roughly ₦50,000 to ₦200,000 (device, signage, and basic setup). mPOS is even lighter. Additionally, a smartphone, a mini POS, and an internet connection can accomplish the task. 

• Daily earning

POS is a cash-flow business. On a good day, agents can net ₦5,000–₦20,000 by combining withdrawals, deposits, and value-added services. Charging fair withdrawal fees, deposits and bill payments, you may hit your daily target before 6 p.m.

• Contribution to financial inclusion

Agents bring banking closer to people. They help the unbanked/underbanked access financial services, especially in areas where ATMs are scarce or unreliable. The POS channel has become a real bridge to inclusion, though fees and downtime remain pain points that the best providers work to fix.

• Easy to learn, quick to start

Most tasks are simple and can be earned easily. You just need to tap, confirm, and print or send a receipt. With short onboarding and basic device training, a beginner can get productive in days, not months. Kashzoo’s resource library for agents covers practical “how-tos,” common errors, and fast-transaction tips.

• Scales with add-on services

You can also add other services, such as bill payments, TV subscriptions, airtime/data, and more. These offer cashback and encourage customers to return. Agents who layer services build stronger daily income without raising withdrawal charges.

How Kashzoo Supports Young Entrepreneurs

Below is how Kashzoo supports young entrepreneurs to thrive in the POS business;

• Fast settlement & instant processing

Nothing kills trust like delays. Kashzoo ensures speed. So, instant processing on transactions means your customer walks away happy, and you keep the queue moving. 

• Cashback rewards that add up

Each bill payment (e.g., electricity, TV, data) can earn 2–3% cash back. It may look small, but across dozens of transactions daily, it adds up to real profit. If you already use Kashzoo, activate cashback in your POS menu and make it part of your sales script: “Do you want to renew your DSTV too?”

• Reliable POS services

Downtime is money lost. Kashzoo takes device maintenance, fraud prevention, and network best practices seriously, so you protect your cash and your brand. Agents who keep devices updated and follow the playbook reduce the number of failed transactions and reversals.

• Supportive agent community

You don’t have to do it alone. The Kashzoo agent community shares pricing ideas, risk checks, and quick fixes. That support cuts learning time and helps you avoid common mistakes.

• Low entry requirement

Prefer to start lean? Use mPOS: simply connect a mini reader to your smartphone and get started. It’s affordable, mobile, and ideal for testing locations (such as markets, events, or pop-ups) before investing in a full terminal or kiosk.

• Lending liquidity (float) when you need it

Cash flow is the heartbeat of agency banking. Nigeria now has merchant cash-advance options from digital lenders like Yabx, which help small merchants bridge short-term gaps. Pairing POS earnings with responsible working-capital tools keeps you liquid on busy days.

Quick tips to grow faster as a POS agent

• Select a location near bus stops, markets, and campuses.
• Post fair fees and clear pricing.
• Go mobile on weekends with your mPOS at events and trade fairs.
• Stay compliant with CBN rules; it’s your license to operate.

Our Take

The POS business is a smart first venture for young Nigerians because it has low startup costs, daily cash flow, and a direct role in the community’s financial life. As a young entrepreneur, you can leverage Kashzoo’s speed, cashbacks, reliability resources, and community to start small and grow with confidence. 

Ready to begin? Join Nigeria’s fast-growing agent network and set up your POS the right way. Start by getting a Kashzoo POS today.