Best POS Machines In Nigeria 2023

In today’s article I’m going to share with you guys the best POS machines or devices that are currently in Nigeria. And the best companies and banks that offer free POS Machines, paid POS machines, and cheapest charges POS machine with an encouraging commissions.

What is a POS Machine

POS is an acronym of the point of sale, this machine or device is a hardware system that enables people to send and receive money, it also allows you to pay bills by inserting your credit/debit cards in the machine.

Currently, there are so many companies, banks that provide with its customers free point of sale (POS) machines or at a a cheap rates.

Now in Nigeria, a lot of people choose POS business because it is a valid way to make money with low capital.

POS terminal is the most frequently used in an area where there is no banks or automated teller machiness (ATM). It’s quite profitable and helpful in those communities.

Don’t get confused as it sounds, it doesn’t serve as bank employees. They are just called mobile money agents not that they are bankers but rather offer bank services as permitted by bank and commission agreement.

Best POS Machines in Nigeria

Like I said earlier, this article is for those going for POS business but don’t know the best and commendable POS machine in Nigeria. I have compiled a list of the most reliable POS machine or devices in Nigeria, free POS machine, paid POS machine, and cheapest charges POS terminal with good commissions. Check below;

1. Opay POS Machine

OPay is most talked about and reliable mobile money agent in Nigeria. A company of Chinese that owned the popular browser called opera mini and opera news also owned Opay.

To get an OPay POS machine, you have to register account with them as an OPay agent. To do this, head to the google play store, download the OPay app and install in your phone and sign up.

Once you have successfully registered, go to the right corner on the home page and click on account.

A page will open where you will see that you are on “know your customer” (KYC) level 1, you have to scroll down and click upgrade if you want to upgrade to agent level.

Opay agent work is to help customers to withdraw funds, transfer money and pay bills as listed below;

  • GOtv Subscription.
  • Betting Account deposit.
  • NEPA bills.
  • DStv Subscription.

How To Get Opay POS machine

To get an OPay POS machine is not something as easy as you may think it is. For instance, you sign up an account with them newly, you won’t be eligible to apply for the OPay POS machine. Your account must be an old account.

How To Get the Application form for OPay POS

As a trusted agent who is using the OPay app to complete the required transactions, You could be able to fill the OPay POS application form and publish it with the following requirements as listed below:

  • Valid identify a card (ID card).
  • YourFirst Name And Surname.
  • BVN number.
  • Utility bill (Nepa bill).
  • Well captured Passports.
  • Your Shop or company address.

When you publish all the requirements, and you cross the threshold. Definitely, you are eligible for getting the free OPay POS machine without stress attached and enjoying your transitions. (Opay pos charges 2023 is low).

2. Monie Point POS Machine.

Monie point is also the most reliable, fast, and profitable mobile money platform. As a Monie point agent, you could be able to make money by providing banking services to customers.

The Monie point allows agents to provide services to customers like:

  • Data top-up.
  • Cash withdrawal.
  • AllBills payment.
  • Airtime top-up.
  • Money transfer.

Monie point offers two types of transactions channel to their agents

  1. POS.
  2. SmartPOS.

In this approach you should have gotten the selection to pick the transaction channel you prefer and start your POS business.

3. First monie POS Machine.

First monie is owned by the first bank of Nigeria. They happens to be the number one trusted bank in Nigeria, with the highest customers so far.

To become an agent of first monie and also to get a free POS machine, you will need to follow the following requirements or steps.

Go to the bank and open First bank account.
Go to Google play store, download first monie app and install in your phone.
Carry out a transaction of at least ten transactions daily within the period of three months.

When you complete this requirement, then you can get a free POS machine directly from the first bank of Nigeria.

4. Kudi POS Machine.

Kudi is an accessible, recommendable, affordable, and profitable mobile money agent in Nigeria. They are the best and easiest way to make more money in Nigeria as a small business owner.

Kudi was founded in 2017 by Pelumi Aboluwarin and Yinka Adewale.

Kudi company offers POS machine to her customers. To get your own POS machine, you will need to Download the Kudi App from Google Playstore, install and follow this requirements or steps:

Create an Account with your:

  • Name.
  • Phone Number.
  • Business Name.
  • And other required details on the registration page.

Ensure you use a valid Phone Number.

Because your account number depends on your phone number, that’s to say that the phone number you used to register an account will become your Kudi wallet account number which will grant you the access to log in to your Kudi wallet account.

Like I said earlier, kudi offer a a free POS machine, but you need to do a few transactions with their mobile app.

You can now request S from the APP after updating it.

There are so many banks, that offers POS machine. These are the best banks to get POS machines from in Nigeria.

But, there are some certain things you need to do, before you will get a POS from a bank.

Before I conclude this article, I will share with you the requirements needed to get POS from the bank such as first bank, Polaris Bank, access bank, UBA, and others.

Requirements needed to get POS Machine From Banks.

Here are the most common requirements by Banks, you need to take before they can give you their POS machine.

  • Legitimate ID card (voter’s card, Worldwide passport, Nationall ID card, and driver’s license)
  • 2 to 4 passport photograph
  • Recentutility bill (Nepa invoice, waste water invoice, administration receipt, or every other legitimate invoice that exhibits your tackle)
  • Presentaccount together with your bank.
  • 2 guarantors having a current accounts with any bank in Nigeria
  • Abodily tackle for your business.

How To Get POS machine From Banks In Nigeria?

Before you can get a POS machine from any bank in Nigeria, you need to troll into any best bank listed above, then ask for an Account officer or Operations, supervisor, and ask that you need a POS machine from them.

Best Bank To Get POS Machine In Nigeria

One of the best bank that offers POS is the first moni POS which I have listed above. Follow by zenith bank POS and access bank POS.

Although every bank is not the same however, these are one of the best for bank POS which I have experience with.

If you can’t wait or provide this requirements by Banks, then go and get a POS from MMOs like Opay, Moniepoint, Kudi, baxibox and others.

These companies are extra reliable than bank POS in Nigeria.


I have listed out the best POS terminal that you can get and use in your business. And you will be enjoying their commission rate.

If you have any questions, compliant or suggestions regarding this article just make sure you drop them through the comment section below.

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