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It would be a pure disaster if you needed money urgently but there are no ATMs or banks around. This kind of dilemma is now a thing of the past since pos agent banking is now everywhere. Point of sale machines is generally used in making payments for goods and services. They have now been adapted to facilitate all kinds of transactions.

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Point of sale agent banking provides a series of opportunities for startups, merchants and consumers alike. It is also one of the most lucrative businesses anyone can venture in. If you are considering starting up a pos agent banking business, here are a few fintech that can give you a pos machine.

Firstmonie POS Machine: these machines are sponsored by the first bank of Nigeria. Firstmonie offers free pos machines to people who meet their requirements. Some of these include having an account with the first bank, downloading the Firstmonie app on google play store and the apple store, and performing a minimum of ten transactions per day, for two to three months. Once you meet all these requirements, you are qualified to request for Firstmonie pos machine.

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Kudi POS Machine: kudi is a fintech company that provides an electronics banking experience for everyone. Kudi provides its agents with pos machines. If you become their agent, you will earn a commission by providing financial services to your customers. The machine helps you transfer money, sell airtime, tv subscriptions, and pay electricity bills. Download their app on the google play store or the ios app store. Fund your wallet and then start transacting.

Opay POS Machine: Opay is a mobile money service owned by opera mini, the Chinese company also owns opera news. As an Opay agent, you can get their pos, use it to perform transactions and earn a commission. All you need to do is download and install the Opay app via the google play store or the ios store.

Moniepoint POS Machine: Moniepoint is a mobile money service company that offers a free pos machine in Nigeria. As their agent, you will be able to make money as a small business owner by providing banking services to customers. You can help customers do cash transfers, cash withdrawals, airtime top-ups and pay bills.

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Flutterwave POS Machine: Flutterwave offers android pos machines to agents in Nigeria. Their agents get a high commission rate which makes it one of the best. As an agent, you need to have the Flutterwave pos app. It will offer much cash back on every transaction done on it.


These are but a few of the popular companies that offer agents pos machines. There are also others from all the banks present in Nigeria and other fintech companies. Getting a point of sale machine from banks may take a while. Thus, if you are looking to start a side agent banking business, I will suggest you go for ones issued by fintech companies.

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This article was first published on 21st August 2022


I am an accomplished content creator and recently delved into technical writing. I enjoy using my skills to contribute to the exciting technological advances and create awareness of evolving technological trends in Nigeria.

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