In this Christmas holiday, I went for a wedding in a remote part of South East and there was just one FirstBank near the local govt headquarters. No other bank is at sight and the FirstBank ATM hardly works. So people were just frustrated.

We were advised to go further down and do POS withdrawal. There, it was huge crowd. People withdraw money and make transfers with POS. They charge commission of up to N250 for 10k, and this increases with the amount you are withdrawing.

I'm thinking of opening same in my own community. Pls how does this business work?
What could be the cost of setting up the business, and the associated bank charges for POS withdrawals?

Pls if anyone knows how lucrative the business is, or the Pros and Cons, I will be glad to hear. Thanks.

businesses lik dis can mainly thrive in d rural area, s risk of it as well is dt u hv to b having a huge amount of money with u all d time, n we both kno dt can b dangerous.

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