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How to get a POS for ATM cash withdrawal and Deposit business in Nigeria - Business - Nairaland

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How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 11:06am On Nov 07, 2017
HOW TO START A POS CASH WITHDRAWAL AND FUND TRANSFER BUSINESS IN NIGERIA
More and more banks are realizing this and are moving away from opening new bank branches. They are opting for agent banking to reach their under banked and unbanked customers. Agent banking is a rising trend as illustrated by recent data from the Central Bank of Nigeria.
Since banks have invested a lot in building their infrastructure and operations, changing their business model to incorporate agent banking is quite complex. They have to set up an agent banking network that allows their agents to provide financial services on their behalf outside their traditional bank branches.
If you are planning to start an agency banking business and have no idea where to start. Learning the basic will give you clarity as to where to source technology, where to start, how to manage, and other risk factors involved in starting and running an agency banking business in Nigeria.
AGENCY BANKING SERVICES AND COMMISSION
• Transfers (All Banks) YOU make N 150 per transaction guaranteed
• Cash deposit (All Banks) YOU make N 150 per transaction guaranteed
• Cash withdrawal (All Banks) YOU make N 150 per transaction guaranteed
• Recharge Cards printing (MTN 3%, Etisalat 3.5%, Airtel 4%, Glo 6%)
• Loan repayments
• Bulk SMS 10% commission
• Data bundles (MTN 3% , Etisalat 4.5%, Airtel 4%,Glo 4%,Smiles 3%, Spectranet 4%)
• Bill payment (Dstv 2%, Gotv 2%, Tstv 2%, Phcn 2%, Startimes 2%,Etc.)
• Prepaid voucher sale (WAEC 6%)

LOCATION
The Pay Centre should be located in rural areas giving the community opportunity to enjoy financial services without the risk and stress of walking kilometers in order to visit a bank branch, especially areas neighbors spend between N200-N500 to get to the nearest Bank/ATM.

OUR

Management Guide /Business Plan (ebook): N2,500

Practical Training+++Management Guide /Business Plan (ebook) N6,000
Duration: 9am - 4pm
Location: Alagbo Station Adiyan Ogun State

OUR EBOOK CONTENTS

CHAPTER ONE
EXECUTIVE SUMMARY
Keys to Success
Mission
Objectives

CHAPTER TWO
COMPANY SUMMARY
Financial Considerations
Location
What is agency banking?
Markets/Business locations
Functions of an Agent Bank



CHAPTER THREE
SERVICES
The Market
Pricing
Price Based on the Value Perceived by the Customer
Price Based on Your Costs and Your Expectation for Profits (“Cost Plus”)
Price Based on the Retail Price
Start-up Summary
CHAPTER FOUR
MARKET ANALYSIS SUMMARY
Competition
Buying patterns and needs



CHAPTER FIVE
STRATEGY AND IMPLEMENTATION SUMMARY
Competitive Edge
Marketing Strategy
Sales Strategy

CHAPTER SIX
MANAGEMENT SUMMARY
The business in four simple steps
Certificate of Authorization to carry out agent banking
Security and insurance
Fees and commission (Agent)
Commission (scheme provider)
Approval of a transaction
Documentation Requirements
Which cards can I accept with mPOS?
Authorization of payment via the device?

CHAPTER SEVEN
FINANCIAL PLAN
Daily Targeted profit
Daily/Monthly Operating activities and Expenses
Financial analysis
Profit and Loss account
Daily record keeping format (print out purpose for agent use)
Monthly record keeping format (print out purpose for agent use)
All Nigeria banks Customer Care Number (print out purpose for agent use)

CHAPTER EIGHT
List of Agency Banking Business Providers in Nigeria with POS

COURSE OBJECTIVES: Following the course you will be able to:
• Understand the environmental conditions required for Agency Banking
• Appreciate the disruptive of Mobile Money in banking markets
• Analyze the limitations of Agency Banking versus traditional banking
• Appreciate the benefits to bank clients of Agency Banking
KEY TOPICS
• Strategic role of Mobile Money and Agency Banking in Financial Inclusion
• Does Agency banking equate to Mobile Banking?
• What is Agency Banking and how is it changing the Financial Services landscape?
• Applications of Mobile Money: electronic wallets and payment services
• Know Your Client (KYC) requirements in Mobile Money applications
• What does a sustainable Agency Banking business model look like?
• Risk management of Mobile Money and Agency Banking applications
Live demonstration: Agent interface and features
• Live demonstration: Moving money from one account to another
• Live demonstration: Withdrawing money
• Live demonstration: Agent pay out
• Live demonstration: Recharge card selling and activation (ePin and Scratch cards)
• Live demonstration: How agents make money per transaction
For each of our training methods, we have a suite of accompanying training materials which are developed to explain the concepts of the technology, as well as the best current operational practices in the industry.

PRICE N 5, 000 per participant and includes all training material
YOU GET A COPY OF OUR AGENCY BANKING IN NIGERIA BUSINESS PLAN

OUR POS IS
N14,000



If you are outside Lagos and wish to have a copy the soft copy is available for just N4, 000
PAYMENT METHOD
Bank Deposit
Fund Transfer
ATM cash Transfer

This payment method requires the customer to deposit, Electronic Fund Transfer or ATM cash Transfer directly from his/her account into FBS PayCentre bank accounts
The manual e-copy in PDF format will be sent to your immediately as soon as your transaction reflects in our account. Our bank details are as follows:

ZENITH BANK
Account Name: Farm Business Setup Ventures
Account Number: 1014352341

After placing your order, SMS your payment information
(AgencyBanking, your full account name, mobile number, and your e-mail address)
E.g. AgencyBanking, Kayode Nassir Emeka,08036320607,mymail@yahoo.com

To 08036320607 once I confirm your payment. The manual will be sent to you immediately! By e-mail Trust us 100% to do that.


Instant Help Desk
Mobile: 08036320607
WhatsApp: 08036320607

ADDRESS
FBS PayCentre
174 Adiyan Orudu road,Transformer Bus stop
Agbado station Lagos
Call for direction 08036320607
www.agencybankingbizsetup.com
Agent banking can take place nearly anywhere

2 Likes

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 11:08am On Nov 07, 2017
There are 4 key steps to set up a robust and effective agent banking network


1 Plan the geographical spread of your banking agents carefully
To reach existing and new customers, each banking agent should be close enough without competing with other banking agents. too many other agents competing for business will prevent agents from generating more business.
2 Choose the right kind of partner for agent banking
Partners should have established distribution networks that can reach your (potential) customers. these agents can also be village and town shop owners, mobile money agents, pharmacies, consumer goods distributors and petrol station operators to name a few.
3 Select and deploy the right kind of technology and platform
When deploying agent banking, a bank needs to invest in a technological platform (such as Amdocs Support financial-grade platform for real-time agent banking) in order to extend their services and mitigating fraud. Furthermore, the banking agents must also be supported with the necessary equipment and internet connectivity to function independently. For example, the paycentre in Nigeria provides its banking agents with a management information system (MIS) to ensure online, real-time transactions.

4 Manage, maintain and expand your agent banking network
Once the agent banking network is in place, all agents must be trained in areas of customer care and relationship management, information technology, loans application and repayment, marketing, finance and accounting.
In order for your banking agent network to be profitable, it is important to know how many of the registered agents are active and profitable. An agent can be inactive for various reasons, such as: too much competition, not being a good fit, or being unable to reach the right customers to market and promote banking services. The performance of banking agents must be monitored on an ongoing basis to ensure ROI.
As part of the success of agent banking, customers must also be educated to let them know which bank services they will be offered at which location, and how it works.
Once the agent banking is running successfully, expansion is the next step. This can be done by enlisting more partners for agent banking in other regions, or to offer the banking agent network to other banks. Opening up the banking agent network to customers of other banks can be especially profitable in rural areas where other banks have a limited number of branches.
By setting up and operating their agent banking network, banks will be able to extend their traditional footprint of customers and grow usage amongst existing customers as well as onboard new ones. Apart from increasing market share and revenues, it also boosts customer loyalty and increases brand affinity – two essential tools in this highly competitive market
To learn more about FBS PAYCENTRE agent banking solution/plan read

OUR POS IS
N14,000
https://agencybankingbizsetup.com/

1 Like

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 5:41am On Nov 12, 2017
Start Your own banking Service today 08036320607
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 6:15am On Nov 12, 2017
in 2015 Going by the CBN projection that come 2020, the number of bank branches would increase from 5,797 to 10,000, the big question on everybody’s lips is whether the number will be enough, considering the fact that the nation’s population, which is presently put at over 170million would be expected to be over 200million.
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by Nobody: 2:59pm On Nov 12, 2017
Am interested. How do I go about it?
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 9:06am On Nov 13, 2017
visit www.agencybankingbizsetup.com
to book in for A TWO DAYS practical training
. Live demonstration: Agent interface and features
• Live demonstration: Moving money from one account to another
• Live demonstration: Withdrawing money
• Live demonstration: Agent pay out
• Live demonstration: Recharge card selling and activation (ePin and Scratch cards)
• Live demonstration: How agents make money per transaction

Management Guide /Business Plan (ebook): N2,500

Practical Training+++Management Guide /Business Plan (ebook) N6,000
Duration: 9am - 4pm
Location: Alagbo Station Adiyan Ogun State

OUR EBOOK CONTENTS

CHAPTER ONE
EXECUTIVE SUMMARY
Keys to Success
Mission
Objectives

CHAPTER TWO
COMPANY SUMMARY
Financial Considerations
Location
What is agency banking?
Markets/Business locations
Functions of an Agent Bank



CHAPTER THREE
SERVICES
The Market
Pricing
Price Based on the Value Perceived by the Customer
Price Based on Your Costs and Your Expectation for Profits (“Cost Plus”)
Price Based on the Retail Price
Start-up Summary
CHAPTER FOUR
MARKET ANALYSIS SUMMARY
Competition
Buying patterns and needs



CHAPTER FIVE
STRATEGY AND IMPLEMENTATION SUMMARY
Competitive Edge
Marketing Strategy
Sales Strategy

CHAPTER SIX
MANAGEMENT SUMMARY
The business in four simple steps
Certificate of Authorization to carry out agent banking
Security and insurance
Fees and commission (Agent)
Commission (scheme provider)
Approval of a transaction
Documentation Requirements
Which cards can I accept with mPOS?
Authorization of payment via the device?

CHAPTER SEVEN
FINANCIAL PLAN
Daily Targeted profit
Daily/Monthly Operating activities and Expenses
Financial analysis
Profit and Loss account
Daily record keeping format (print out purpose for agent use)
Monthly record keeping format (print out purpose for agent use)
All Nigeria banks Customer Care Number (print out purpose for agent use)

CHAPTER EIGHT
List of Agency Banking Business Providers in Nigeria with POS

ADDRESS
FBS PayCentre
174 Adiyan road,Transformer Bus stop
Agbado station
08036320607
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by lecturerdabo(m): 12:43pm On Nov 14, 2017
Ok
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 7:31am On Nov 15, 2017
Investment
Daily operating capital for agents is being estimated at a minimum of about N100, 000 to N200, 000. “The agent might not make a lot of improvements at their shop, but they will need to put money aside to invest in the agent banking business. It is N100, 000 to N200, 000 for them to have a solid business operation because as soon as you become an agent, customers will learn about it and the bank will support marketing activities towards the agents. When customers come to you, they expect to find money.

Daily profit
That depends on your store location
50 transaction per day (or more) =N7, 500 @N150 profit per transaction (CASH WITHDRAWAL AND DEPOSIT ONLY)

PLUS Commission from
PHCN BILLS ,DSTV
GOTV STARTIMES
WAEC PIN DATA BUNDLE
RECHARGE CARDS
BULK SMS

OUR POS IS
N14,000

visit www.agencybankingbizsetup.com
to book in for A TWO DAYS practical training
. Live demonstration: Agent interface and features
• Live demonstration: Moving money from one account to another
• Live demonstration: Withdrawing money
• Live demonstration: Agent pay out
• Live demonstration: Recharge card selling and activation (ePin and Scratch cards)
• Live demonstration: How agents make money per transaction
.
Management Guide /Business Plan (ebook): N2,500

Practical Training+++Management Guide /Business Plan (ebook) N6,000
Duration: 9am - 4pm
Location: Alagbo Station Adiyan Ogun State

OUR EBOOK CONTENTS

CHAPTER ONE
EXECUTIVE SUMMARY
Keys to Success
Mission
Objectives

CHAPTER TWO
COMPANY SUMMARY
Financial Considerations
Location
What is agency banking?
Markets/Business locations
Functions of an Agent Bank



CHAPTER THREE
SERVICES
The Market
Pricing
Price Based on the Value Perceived by the Customer
Price Based on Your Costs and Your Expectation for Profits (“Cost Plus”)
Price Based on the Retail Price
Start-up Summary
CHAPTER FOUR
MARKET ANALYSIS SUMMARY
Competition
Buying patterns and needs



CHAPTER FIVE
STRATEGY AND IMPLEMENTATION SUMMARY
Competitive Edge
Marketing Strategy
Sales Strategy

CHAPTER SIX
MANAGEMENT SUMMARY
The business in four simple steps
Certificate of Authorization to carry out agent banking
Security and insurance
Fees and commission (Agent)
Commission (scheme provider)
Approval of a transaction
Documentation Requirements
Which cards can I accept with mPOS?
Authorization of payment via the device?

CHAPTER SEVEN
FINANCIAL PLAN
Daily Targeted profit
Daily/Monthly Operating activities and Expenses
Financial analysis
Profit and Loss account
Daily record keeping format (print out purpose for agent use)
Monthly record keeping format (print out purpose for agent use)
All Nigeria banks Customer Care Number (print out purpose for agent use)

CHAPTER EIGHT
List of Agency Banking Business Providers in Nigeria with POS

ADDRESS
FBS PayCentre
122 Adiyan road,Transformer Bus stop
Agbado station
08036320607
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 5:10pm On Nov 18, 2017
YES

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by dami2boi(m): 6:40pm On Nov 19, 2017
Good one Op
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 11:27am On Nov 21, 2017
The high cost of installing brick-and-mortar banks
The high cost of deploying conventional banking to the bottom of the pyramid has kept banks from being able to penetrate rural communities.
With agent networks, the cost of providing Financial Services dramatically decreases. The mobile phone+Mpos brings Mobile Financial Services directly to the fingertips of the end-user and the agent network creates unprecedented proximity between rural communities and the formal banking sector.
Our FBS PAYCENTRE model
Enabled branchless banking services typically include: cash-in (accepting customer cash deposits to load accounts), cash-out (customer withdraws cash from his or her account), bill payment, airtime top-up, account management, and cash remittances. Anyone with a cell phone can conveniently and securely access agent services.

POS cost N14,000
Setup: FREE


Management Guide /Business Plan (ebook): N2,500

Practical Training+++Management Guide /Business Plan (ebook) N6,000
Duration: 9am - 4pm
Location: Alagbo Station Adiyan Ogun State

OUR EBOOK CONTENTS

CHAPTER ONE
EXECUTIVE SUMMARY
Keys to Success
Mission
Objectives

CHAPTER TWO
COMPANY SUMMARY
Financial Considerations
Location
What is agency banking?
Markets/Business locations
Functions of an Agent Bank



CHAPTER THREE
SERVICES
The Market
Pricing
Price Based on the Value Perceived by the Customer
Price Based on Your Costs and Your Expectation for Profits (“Cost Plus”)
Price Based on the Retail Price
Start-up Summary
CHAPTER FOUR
MARKET ANALYSIS SUMMARY
Competition
Buying patterns and needs



CHAPTER FIVE
STRATEGY AND IMPLEMENTATION SUMMARY
Competitive Edge
Marketing Strategy
Sales Strategy

CHAPTER SIX
MANAGEMENT SUMMARY
The business in four simple steps
Certificate of Authorization to carry out agent banking
Security and insurance
Fees and commission (Agent)
Commission (scheme provider)
Approval of a transaction
Documentation Requirements
Which cards can I accept with mPOS?
Authorization of payment via the device?

CHAPTER SEVEN
FINANCIAL PLAN
Daily Targeted profit
Daily/Monthly Operating activities and Expenses
Financial analysis
Profit and Loss account
Daily record keeping format (print out purpose for agent use)
Monthly record keeping format (print out purpose for agent use)
All Nigeria banks Customer Care Number (print out purpose for agent use)

CHAPTER EIGHT
List of Agency Banking Business Providers in Nigeria with POS

www.agencybankingbizsetup.com

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by DeCanadian: 11:27pm On Nov 22, 2017
How do u manage theft and men of the underworld you know it's about available cash

1 Like

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 9:43am On Nov 24, 2017
DeCanadian:
How do u manage theft and men of the underworld you know it's about available cash

Security for the banking industry is complex
This training discusses some of these security shortfalls
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by Boriqua(m): 11:00am On Nov 24, 2017
Do you live around Port harcourt and environs, do you want to have 300% of your investment with 3weeks, eg. Invest 10k and have 30k within 3weeks. The money in your bank account can grow within 3weeks. Sms 08185060158. If you stay in the north and south please dont apply yet we need to be meeting with our stakeholders weekly.
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 9:03am On Nov 28, 2017
Management Guide /Business Plan (ebook): N2,500

Practical Training+++Management Guide /Business Plan (ebook) N6,000
Duration: 9am - 4pm
Location: Alagbo Station Adiyan Ogun State

OUR EBOOK CONTENTS

CHAPTER ONE
EXECUTIVE SUMMARY
Keys to Success
Mission
Objectives

CHAPTER TWO
COMPANY SUMMARY
Financial Considerations
Location
What is agency banking?
Markets/Business locations
Functions of an Agent Bank



CHAPTER THREE
SERVICES
The Market
Pricing
Price Based on the Value Perceived by the Customer
Price Based on Your Costs and Your Expectation for Profits (“Cost Plus”)
Price Based on the Retail Price
Start-up Summary
CHAPTER FOUR
MARKET ANALYSIS SUMMARY
Competition
Buying patterns and needs



CHAPTER FIVE
STRATEGY AND IMPLEMENTATION SUMMARY
Competitive Edge
Marketing Strategy
Sales Strategy

CHAPTER SIX
MANAGEMENT SUMMARY
The business in four simple steps
Certificate of Authorization to carry out agent banking
Security and insurance
Fees and commission (Agent)
Commission (scheme provider)
Approval of a transaction
Documentation Requirements
Which cards can I accept with mPOS?
Authorization of payment via the device?

CHAPTER SEVEN
FINANCIAL PLAN
Daily Targeted profit
Daily/Monthly Operating activities and Expenses
Financial analysis
Profit and Loss account
Daily record keeping format (print out purpose for agent use)
Monthly record keeping format (print out purpose for agent use)
All Nigeria banks Customer Care Number (print out purpose for agent use)

CHAPTER EIGHT
List of Agency Banking Business Providers in Nigeria with POS
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 10:51am On Dec 02, 2017
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 9:19am On Dec 06, 2017
Agent Banking is a simple user friendly and cost effective way of providing secured light banking services such as Cash deposit, Cash withdrawal, Fund transfer, Bills payment, Airtime Recharge etc. to groups of people in a community, employing known and trusted existing retail business outlets in the same community.
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 3:38pm On Dec 12, 2017
ADDRESS
FBS PayCentre
174 Adiyan road,Transformer Bus stop
Agbado station
08036320607
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 4:53am On Jan 11, 2018
If there’s something you want to build, but the tech isn’t there yet, just find the closest possible way to make it happen.
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by infoBULKSMS: 12:27am On Jan 22, 2018
FarmBusiness:
Training Days Monday – Saturday
Time: 8am -2pm
ADDRESS
FBS PayCentre
122 Adiyan road,Transformer Bus stop
Agbado station
08036320607


Have you set up one..?
Do you have a rural bank you operate?

Theory alone I believe can't work here.
Thanks

2 Likes

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 2:30pm On Jan 28, 2018
Company name: FBS PAYCENTRE
Branches
Agbado-Adiyan
Agbado-Olomowewe junction
Agbado-Otemuyi
Agbado-Muta
Agbado-Abule Oko ifelodun
Agbado -olomowewe inside
Agbado-Abule Oko 2


Phone numbers: 08036320607

Website UR:www.agencybankingbizsetup.com

Email address:opeyemilamson@gmail.com

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 2:31pm On Jan 28, 2018
Company name: FBS PAYCENTRE
Established date:2016

Physical address per location:
Agbado-Adiyan
Agbado-Olomowewe
Agbado-Otemuyi
Agbado-Muta
Agbado-Abule Oko
Agbado-olomowewe inside
Agbado-Abule oko 2

POS cost N14,000
Setup: FREE


Business Plan: N4,000 (Optional)
ebook

Practical Training: N4,000 (Optional)

Phone numbers: 08036320607
Email address:opeyemilamson@gmail.com

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 12:10pm On Mar 01, 2018
POS cost N14,000
Setup: FREE



ADDRESS
FBS PayCentre
174 Adiyan road,Transformer Bus stop
Agbado station
0803632060

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 6:37pm On Apr 10, 2018
Our POS
N14,000
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by Dotmax53: 4:24pm On Apr 13, 2018
FarmBusiness:
Our POS
N14,000
What kind of pos are you talking about sir? Is it the normal bank Pos or what? Pls explain
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 11:19am On Apr 17, 2018
Dotmax53:

What kind of pos are you talking about sir? Is it the normal bank Pos or what? Pls explain

MPOS is a mobile Point-of-Sales (Mobile POS) that operates on bluetooth enabled smartphone devices. mPOS App can be downloaded on the mobile device and the App is launched each time a merchant needs to consummate a transaction on the terminal. The PinPad (Chip reader) is connected to a mobile device via Bluetooth to process a transaction. Transaction amount, type of transaction and account type are captured on the mobile device while the Pinpad only allows cardholder to insert his card and enter PIN. Status of consummated transaction is either via Bluetooth enabled printer or an e-receipt is sent to specified email(s).



Key features

It uses the data on a mobile device thereby offering a better network reliability in view of capability to swing across EDGE, 2G and 3G
It is more portable than regular POS terminals which makes it easier to move about with
It gives merchant the option to print e-receipt for transactions consummated on the terminal
It has capability to record cash or card transaction on the devices
It has in App transaction history ( view transaction history, daily, monthly, year or All)
It connects to a mobile device via Bluetooth
It also uses a Bluetooth enabled portable printer (though optional because it has capacity to issue e-receipt)



BENEFITS OF PAYCENTRE MPOS SOLUTION

Better connectivity
Faster and more reliable than regular POS terminals
Better user experience
Possibility of sales on the go
Allows card and cash payments
Low cost device
Ease of integration to multi-platform


POS cost N14,000
Setup: FREE

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by luvablesam(m): 8:59pm On Apr 23, 2018
how much is the soft copy of your training n business plan?
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 9:19pm On Apr 23, 2018
luvablesam:
how much is the soft copy of your training n business plan?


POS cost N14,000
Setup: FREE




COURSE OBJECTIVES: Following the course you will be able to:

Understand the environmental conditions required for Agency Banking
Appreciate the disruptive of Mobile Money in banking markets
Analyze the limitations of Agency Banking versus traditional banking
Appreciate the benefits to bank clients of Agency Banking

KEY TOPICS

Strategic role of Mobile Money and Agency Banking in Financial Inclusion
Does Agency banking equate to Mobile Banking?
What is Agency Banking and how is it changing the Financial Services landscape?
Applications of Mobile Money: electronic wallets and payment services
Know Your Client (KYC) requirements in Mobile Money applications
What does a sustainable Agency Banking business model look like?
Risk management of Mobile Money and Agency Banking applications



If you have any questions or observations, feel free to drop them in
WhatsApp or Call
Yemi 08036320607

POS Agent training Centre
FBS PayCentre
@174 Adiyan Agbado Station Lagos
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by benardj3(m): 10:10pm On Apr 23, 2018
what of someone that doesn't live in Lagos.... Pls ur pos is for which bank?
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by FarmBusiness(m): 11:26am On May 03, 2018
benardj3:
what of someone that doesn't live in Lagos....
Pls ur pos is for which bank?

PayCentre
Agency banking company
your bank account will be link to the POS
if you dont live in lagos please call yemi or Whatsapp
08036320607

1 Share

Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by paulGrundy(m): 1:12pm On Jun 10, 2018
FarmBusiness:
HOW TO START A POS CASH WITHDRAWAL AND FUND TRANSFER BUSINESS IN NIGERIA
More and more banks are realizing this and are moving away from opening new bank branches. They are opting for agent banking to reach their under banked and unbanked customers. Agent banking is a rising trend as illustrated by recent data from the Central Bank of Nigeria.
Since banks have invested a lot in building their infrastructure and operations, changing their business model to incorporate agent banking is quite complex. They have to set up an agent banking network that allows their agents to provide financial services on their behalf outside their traditional bank branches.
If you are planning to start an agency banking business and have no idea where to start. Learning the basic will give you clarity as to where to source technology, where to start, how to manage, and other risk factors involved in starting and running an agency banking business in Nigeria.
AGENCY BANKING SERVICES AND COMMISSION
• Transfers (All Banks) YOU make N 150 per transaction guaranteed
• Cash deposit (All Banks) YOU make N 150 per transaction guaranteed
• Cash withdrawal (All Banks) YOU make N 150 per transaction guaranteed
• Recharge Cards printing (MTN 3%, Etisalat 3.5%, Airtel 4%, Glo 6%)
• Loan repayments
• Bulk SMS 10% commission
• Data bundles (MTN 3% , Etisalat 4.5%, Airtel 4%,Glo 4%,Smiles 3%, Spectranet 4%)
• Bill payment (Dstv 2%, Gotv 2%, Tstv 2%, Phcn 2%, Startimes 2%,Etc.)
• Prepaid voucher sale (WAEC 6%)

LOCATION
The Pay Centre should be located in rural areas giving the community opportunity to enjoy financial services without the risk and stress of walking kilometers in order to visit a bank branch, especially areas neighbors spend between N200-N500 to get to the nearest Bank/ATM.
TRAINING
Training Duration: 2DAYS
Monday TO Saturday
Time: 8am -2pm
COURSE OBJECTIVES: Following the course you will be able to:
• Understand the environmental conditions required for Agency Banking
• Appreciate the disruptive of Mobile Money in banking markets
• Analyze the limitations of Agency Banking versus traditional banking
• Appreciate the benefits to bank clients of Agency Banking
KEY TOPICS
• Strategic role of Mobile Money and Agency Banking in Financial Inclusion
• Does Agency banking equate to Mobile Banking?
• What is Agency Banking and how is it changing the Financial Services landscape?
• Applications of Mobile Money: electronic wallets and payment services
• Know Your Client (KYC) requirements in Mobile Money applications
• What does a sustainable Agency Banking business model look like?
• Risk management of Mobile Money and Agency Banking applications
Live demonstration: Agent interface and features
• Live demonstration: Moving money from one account to another
• Live demonstration: Withdrawing money
• Live demonstration: Agent pay out
• Live demonstration: Recharge card selling and activation (ePin and Scratch cards)
• Live demonstration: How agents make money per transaction
For each of our training methods, we have a suite of accompanying training materials which are developed to explain the concepts of the technology, as well as the best current operational practices in the industry.

PRICE N 5, 000 per participant and includes all training material
YOU GET A COPY OF OUR AGENCY BANKING IN NIGERIA BUSINESS PLAN

OUR POS IS
N14,000

Business Plan: N4,000 (Optional)
ebook

Practical Training: N4,000 (Optional)


If you are outside Lagos and wish to have a copy the soft copy is available for just N4, 000
PAYMENT METHOD
Bank Deposit
Fund Transfer
ATM cash Transfer

This payment method requires the customer to deposit, Electronic Fund Transfer or ATM cash Transfer directly from his/her account into FBS PayCentre bank accounts
The manual e-copy in PDF format will be sent to your immediately as soon as your transaction reflects in our account. Our bank details are as follows:

ZENITH BANK
Account Name: Farm Business Setup Ventures
Account Number: 1014352341

After placing your order, SMS your payment information
(AgencyBanking, your full account name, mobile number, and your e-mail address)
E.g. AgencyBanking, Kayode Nassir Emeka,08036320607,mymail@yahoo.com

To 08036320607 once I confirm your payment. The manual will be sent to you immediately! By e-mail Trust us 100% to do that.


Instant Help Desk
Mobile: 08036320607
WhatsApp: 08036320607

ADDRESS
FBS PayCentre
174 Adiyan Orudu road,Transformer Bus stop
Agbado station Lagos
Call for direction 08036320607
www.agencybankingbizsetup.com
Agent banking can take place nearly anywhere

in an event when a customer steals an ATM and pin and withdraws money how can he be traced.
Re: How to get a POS for ATM cash withdrawal and Deposit business in Nigeria by miccoy(m): 2:34pm On Jun 10, 2018
paulGrundy:


in an event when a customer steals an ATM and pin and withdraws money how can he be traced.

The particular transaction can only be traced back to your shop/location and not the customer; except only if you have a CCTV camera installed in your location.

To avoid this scenario, always ensure to request for means of identification, matching the name on the ATM card/account from the customer.

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