What is POS?
Point of sale
The CAC has a standard share capital for Point of Sale Merchants, Terminal Owners or Terminal Aggregators.
Point of sale merchants are financial and non-financial institutions.
For Merchant Pos terminal ownerships, Point of Sale Terminal aggregators and Pos merchant and agent training support is 100m share capital.
POS Involves withdrawal, payments for personal or professional obligations, deposit and transfer
of funds via a point of sale.
Being a Point of sale agent for a merchant, one can register as a company or business name. But, if you own a POS terminal or you engage in Point of Sale machine disbursements or business training and ownership it is 100m share capital.
For Pos agent for a merchant company, business name or company limited by shares. It is better to register in the latter business entity structure.
The deadline for registration is 7th of July, 2024.