Since the Central Bank of Nigeria introduced the agent banking system in 2013, much mobile money or POS agents have sprung up. And it’s a massive step to enhance the growth of financial inclusion in remote, unreached, underserved areas in Nigeria.

Local POS agents can complete both cash and non-cash transactions, including:

1. Cash withdrawal and deposit
2. Money Transfer
3. Utility payments (Electricity, Airtime, Data, etc.)
4. Cable TV payments (DSTV, GoTV, and StarTimes)
5. Betting services

10 Businesses to do with your POS Business
1. Resell Solar Products
As a POS agent, running solar product sales along your POS business is easy. You can begin to attract customers to your POS booth when you entirely run on solar power 24/7.

Solar lamps, bulbs, and other devices can help you build customer trust. An excellent way to integrate solar sales with POS business is to register with Omnibranches. Their POS has different payment options for buying solar.

Moreover, Omnibranches POS agents earn up to 5% of every solar sale as part of their monthly cashout. Why would you let such a chance pass you by?

2. Printing and Selling Recharge Cards
One of the easiest businesses to run alongside the POS business is selling recharge cards. And you can even print these recharge cards and resell them to other vendors. Moreover, running these businesses requires a little space.

A computer with airtime printing software, a portable printer, a bag, a chair, and a table are the essential items you need to start your business. Put these items together in a shop or kiosk and buy recharge card spins to begin.

In addition, you will need suitable promotional materials and a good network of people. Also, remember to tell your customers about your other services, and your business can start.

3. Selling Data Bundles
Smartphone users with Android and iPhones know the value of having data on their phones. As an everyday need, people are always looking for ways to buy the cheapest data possible, which is a business opportunity.

You can buy bulk data from internet service providers and resell it to your customers who need them. Also, remember to promote this business around your POS business for extra income.

4. Selling Mobile Phone Accessories
Another typical business that requires low capital, like POS business, is the sale of phone accessories. Some of the things you could sell include: charges, earpieces, cables, phone cases, screen guards, power banks, and other items.

All you have to do is hang them for display in your POS shop for customers to buy. You can run and manage both businesses together.

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