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How To Start A POS Business In Nigeria - Business - Nairaland

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How To Start A POS Business In Nigeria by FarmBusiness(m): 11:31am On Apr 17, 2018
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


Do you have a BUSINESS LOCATION in Nigeria?

Do You want to MAKE MONEY Serving BANK CUSTOMERS in Nigeria?

Do you want a POS to SERVE your CUSTOMERS and Do CASH BACK Business in Nigeria?

Then Welcome to AGENCY BANKING BUSINESS Adaptation in Nigeria.

FBS PayCentre is an Agency Banking Management Service in Nigeria operated with Bank Platforms Paycentre.

AGENT BANKING SERVICE

With Agency Banking you Can Perform the Following TRANSACTIONS;

OPEN BANK ACCOUNT for CUSTOMERS* work in Process.

DEPOSIT to ANY BANK ACCOUNT in NIGERIA

WITHDRAW from ANY BANK ACCOUNT in NIGERIA, with Smart Cellphone or Mobile POS Tehnology.

PAY BILLS in NIGERIA

WHAT YOU NEED TO GET STARTED

1. A BUSINESS LOCATION
2. ANDROID SMART PHONE
3. mPOS

MOBILE POS works with ANY TYPE of ANDROID PHONE, built on BLUETOOTH TECHNOLOGY.

The PROFIT ANALYSIS

Average Daily 30 Transactions at N150 Per Transaction,
If the Agent is Charging a Transaction Fee of N200 for DEPOSIT and WITHDRAWAL from BANK Transactions

30 Transactions X N150= N4,500 Daily


This is the Minimum of all Transactions Expected depending on Market Demand within your Location.



AGENT REGISTRATION
Including
1. PLATFORM ACTIVATION
2. POS (CELLPHONE POS, MOBILE POS or TRADITIONAL POS)
3. TRAINING MATERIALS
4. BRANDING MATERIALS
5. DELIVERY to anywhere in NIGERIA.

APPLICATION DOCUMENTATION
1. Scanned Copy, PASSPORT-SIZED PHOTOGRAPH
2. Scanned Copy, VALID IDENTITY CARD, Voters Card, Drivers' License, National Identity Card, International Passport.
3 Scanned Copy, UTILITY BILL, NEPA BILL or other Type of BILL.

YOUR AGENT BUSINESS PLATFORMS WILL BE PROFILED and DETAILS SENT TO YOU WITHIN 5 WORKING DAYS OF RECEIPT OF YOUR COMPLETED FORM AND AGENT REGISTRATION FEE.

Travelling long journeys only to be met by long queues and delayed service is a common characteristic in Nigeria banking sector. Agency banking will save both the banker and bank of outrageous costs.

PayPad is an mPOS (mobile POS) solution – the first of its kind in Nigeria – that allows merchants to accept card payments using their smart mobile device (tablet and phones).

Available for use with 10 of Nigeria’s major banks.

As I mentioned earlier, all you need to start using PayPad is a bank account

POS cost N14,000
Setup: FREE
Practical Training+++Management Guide /Business Plan (ebook) N6,000
Duration: 9am - 4pm
Location: Alagbo Station Adiyan Ogun State


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

1 Like

Re: How To Start A POS Business In Nigeria by FarmBusiness(m): 9:15pm On Apr 23, 2018
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

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

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


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 Start A POS Business In Nigeria by ezeajeri: 3:51pm On May 28, 2018
Please how do I get it I am not in lagos

1 Like

Re: How To Start A POS Business In Nigeria by FarmBusiness(m): 9:58am On Jun 12, 2018
ezeajeri:
Please how do I get it I am not in lagos
WhatsApp or Call
Yemi 08036320607
Re: How To Start A POS Business In Nigeria by ezeajeri: 5:24pm On Sep 29, 2018
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1 Like

Re: How To Start A POS Business In Nigeria by FarmBusiness(m): 1:01pm On Dec 09, 2018
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 Start A POS Business In Nigeria by imhere: 10:16am On Apr 24, 2019
That pos business is very lucrative is not in doubt; that is why the number of persons going into the business is increasing every day. But wait a minute! Do you know that there are downsides to this business? It is very important for you to know especially if you are considering pos business or you are already in it and have started having issues.

Some of the challenges are; connectivity, security, credit reversal.....
https://www.enibest.com.ng/all-posts/business/challenges-of-pos-terminal/
Re: How To Start A POS Business In Nigeria by FarmBusiness(m): 6:20am On May 08, 2019
How to design your POS Banner/Branding
Make it Simple and Bold

Re: How To Start A POS Business In Nigeria by FarmBusiness(m): 7:01am On May 30, 2019
POS cost N14,000

08036320607
Re: How To Start A POS Business In Nigeria by Amhappy(f): 4:18pm On Nov 09, 2019
What are the charges
Re: How To Start A POS Business In Nigeria by immaq8(f): 1:00pm On Dec 18, 2019
FarmBusiness:
How to design your POS Banner/Branding
Make it Simple and Bold

how much for this
Re: How To Start A POS Business In Nigeria by swaggprofessor(m): 11:20pm On Dec 22, 2019
FarmBusiness:
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

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

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


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
pls i stay in delta and i would love to get the pos
Re: How To Start A POS Business In Nigeria by AbuAeesha: 10:31pm On Dec 28, 2019
FarmBusiness:
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

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

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


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
Am interested in this,but how will POS agent cope with the new directives by CBN?

2 Likes

Re: How To Start A POS Business In Nigeria by FarmBusiness(m): 6:58am On Feb 29, 2020
WhatsApp
Yemi
08036320607
Re: How To Start A POS Business In Nigeria by FarmBusiness(m): 7:11am On Feb 29, 2020
Amhappy:
What are the charges

DEPOSIT COMMISSION
N1 - N5,000 =N10.5
N50,001 -and Above = N50


WITHDRAWAL COMMISSION
N1000- N5000=0.75%
N5,001 - N10,000=N55
N10,001 -N15,000 =N75
N15,001 - N20,000 = N95
N20,001 - N25,000 = N115
N25,000 - N30,001 =N135
N30,001 -N40,000 = N165

29 FEB 2020

WHATSAPP
YEMI
08036320607
Re: How To Start A POS Business In Nigeria by pufframmy: 10:17am On May 05, 2020
how is there service

FarmBusiness:


DEPOSIT COMMISSION
N1 - N5,000 =N10.5
N50,001 -and Above = N50


WITHDRAWAL COMMISSION
N1000- N5000=0.75%
N5,001 - N10,000=N55
N10,001 -N15,000 =N75
N15,001 - N20,000 = N95
N20,001 - N25,000 = N115
N25,000 - N30,001 =N135
N30,001 -N40,000 = N165

29 FEB 2020

WHATSAPP
YEMI
08036320607
Re: How To Start A POS Business In Nigeria by MGDIMA4: 7:22am On May 13, 2020
..
Re: How To Start A POS Business In Nigeria by Nobody: 9:40pm On May 13, 2020
Pls how do I locate your office here in bayelsa state.. Any available contacts will help.. Thanks
Re: How To Start A POS Business In Nigeria by FarmBusiness(m): 11:16am On Aug 09, 2020
Farm Business Setup

@FBS paycentre
@Farmbusinesssetup
Customer Care Line
(Call,WhatsApp):08036320607 
(Strictly Mondays - Fridays 9am -5pm
Re: How To Start A POS Business In Nigeria by Evell: 5:59pm On Mar 05
How to start POS business in Nigeria 2021 guide


POS business also referred to as agent banking business, is an extension of the services offered by financial institutions to enable easy service offering to a wide range of customers.

It is one of the money spinning business ventures and this guide on how to start POS business in Nigeria provides you with strategies on how to make the most of the venture.

Point of sale (POS) accepts debit/credit cards the same way ATM does and as such,
it offers a wide range of varying services such as funds withdrawal and transfer, sales of airtime, utility bills payment such as GoTV, DSTV, Startimes, PHCN and the likes. It is mostly used in places where goods are sold or services rendered, places like super Markets, retail shops, offices, filling or gas stations, pharmacies, eateries, just name it.

However, it thrives more in rural areas, semi-urban centers, the unbanked and underbanked communities. It is thus, more profitable in communities with no banks and places where ATMs are not enough to serve the financial needs of the community.

Although POS operators are sometimes called bank agents, they are not serving as direct employees of the bank. They however deliver banking services on behalf of the banks on an agreed commission.


By simply creating easy access to financial transactions in varying locations, the agent banking business has afforded business owners and individuals an additional and reliable source of income.

The point of sale (POS) business began basically in 2013,following the release of the guidelines on the operations and management of the business by the Central Bank of Nigeria (CBN). It has thus remained one of the retail channels of various commercial banks in the country to extend their bank services to a large number of people.

How to get and operate a POS machine in Nigeria

A POS operator owns and operates a retail outlet where he conducts the financial transactions and enable clients to either withdraw, deposit, transfer funds, pay bills, recharge airtime, or carry out other related services and he can either acquire a POS machine through banks or agency banks.

They are third party agents and can be an agent to as many banks as they can serve.


The banks equip the agents with point-of-sale (POS) card reader, mobile phone, barcode scanner, personal identification number (PIN) pads, personal computer, etc.

However, in a case where you don’t want to collect the pos machine from bank(s), you can purchase from companies that are licensed to sell them. There are registered aggregator with CBN licensed PTSP (issuers of pos terminal in Nigeria).

It is worthy of note that POS machine varies in price depending on the agency company that is selling and the specification of the point of sales machine in question.

It may thus be a 2G, 3G, or 4G POS machine. The price therefore ranges from as low as 45,000 to as high as 200,000 naira.

Read more : https://nairalanceblog.com/2020/11/30/how-to-start-pos-business-in-nigeria-2021-guide/

Re: How To Start A POS Business In Nigeria by atop1(m): 8:06am On May 29
Here is an interesting article i have found.

How to start POS business in Nigeria (Get POS fast) it also have a FREE online you can take
https://posbusiness.com.ng/how-to-start-pos-business-in-nigeria-get-pos-fast/
Re: How To Start A POS Business In Nigeria by PayneEdward: 8:26am On Jul 14
When it comes to restaurant POS systems, I believe they are a much needed and important service. It is not only a management system, but it also helps to decrease human errors. When I initially learned about this method, I was blown away that we now have such a tool available. Furthermore, there is a wealth of information on restaurant point-of-sale systems that provides credible data on this strategy https://compucash.ae/pos-for-restaurants-cafes/. In summary, I don't see any disadvantages to this approach, and it might be quite helpful to each company. That is why I suggest you thinking about it!

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5 Entrepreneurs In Africa Who Started A Successful Business With $100 Or Less / How Do I Remove D 'okirika' Smell From Resell Clothing? / Earn N10,000 Daily With This POS At N15,500/device. Instant Transactions.

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