Title page Copyright Disclaimer Dedication Contents INTRODUCTION 5 THE IMPACT OF CBN POLICY 5 Overview of POS business in Nigeria 6 CHAPTER ONE 8 HOW DOES THE POS BUSINESS WORK? 8 How Do POS Agents Make Money? 10 How profitable is POS business in Nigeria? 11 CHAPTER TWO 14 SERVICES OFFERED BY POS BUSINESSES 14 Advantages of starting a POS business 15 Rapidly Growing Market: 15 Low Startup Costs: 15 Recurring Revenue: 16 High-Profit Margins: 16 Scalability and Technology-Driven: 16 Flexibility: 16 Disadvantages of owning a POS business 17 Technical difficulties: 17 Security risks: 17 Competition: 18 CHAPTER THREE 19 COST OF STARTING A POS BUSINESS IN NIGERIA 19 POS Machine: 19 Location: 19 Initial Cash Float: 20 Other expenses: 20 CHAPTER SIX 22 HOW TO BECOME A POS AGENT 22 Requirements for starting a POS business 24 Start-up capital: 24 Location: 24 Official requirements: 24 CHAPTER FOUR 26 HOW TO START A POS BUSINESS WITH THE FIRST BANK 26 Requirements for starting a First Bank POS business 26 How to become a First Bank POS Agent 27 CHAPTER FIVE 29 HOW TO START A POS BUSINESS WITH WEMA POS/AGENT BANKING 29 Requirements for starting a Wema POS business 30 How to become a Wema POS Agent 31 CHAPTER NINE 34 HOW TO START A POS BUSINESS WITH OPAY POS 34 Requirements for starting an Opay POS business 35 How to become an OPay POS Agent 35 CHAPTER TEN 38 HOW TO START A POS BUSINESS WITH BANKLY 38 How much does it cost to become a Bankly POS Agent? 39 Requirements for starting a Bankly POS business 39 How to become a Bankly POS Agent 40 CHAPTER ELEVEN 42 HOW TO START A POS BUSINESS WITH MONIE POINT POS 42 Requirements for starting a Monie Point POS business 43 How to become a Monie Point POS Agent 43 How much does Monie Point POS charge? 45   CHAPTER TWELVE 46 HOW TO START A POS BUSINESS WITH KUDI POS 46 How to become a Kudi POS Agent 47 How much does Kudi POS charge? 48 CHAPTER THIRTEEN 50 HOW TO START A POS BUSINESS WITH GTB POS 50 Requirements for starting a GTB POS business 51 How to become a GTB POS Agent 51 How much does GTB POS charge? 52 CHAPTER FOURTEEN 54 HOW TO START A POS BUSINESS WITH PAGA 54 Requirements for starting a Paga POS business 55 How to become a Paga POS Agent 56 How much does Paga POS charge? 56 CHAPTER FIFTEEN 58 HOW TO START A POS BUSINESS WITH ZENITH BANK POS AGENT 58 Requirements for starting a Zenith Bank POS business 59 How to become a Zenith Bank POS Agent 60 How much does Zenith Bank POS charge? 61     CHAPTER SIXTEEN 62 HOW TO START A POS BUSINESS WITH ACCESS BANK CLOSA AGENT 62 The minimum requirements to become an agent are: 63 How to become an Access Bank POS Agent 63 CHAPTER SEVENTEEN 66 HOW TO START A POS BUSINESS WITH QUICKTELLER PAYPOINT 66 Requirements for starting a Quickteller POS business 66 How to become a Quickteller POS Agent 67 How much does Quickteller POS charge? 68 CHAPTER EIGHTEEN 70 HOW TO START A POS BUSINESS WITH ECOBANK XPRESS POINT 70 Requirements for starting an Ecobank POS business 71 How to become an Ecobank POS Agent 72 CHAPTER NINETEEN 74 HOW TO START A POS BUSINESS WITH BAXI BOX 74 Requirements for starting a Baxi Box POS business 75 How to become a Baxi Box POS Agent 76 How much does Baxi Box POS charge? 77   CHAPTER TWENTY 78 HOW TO START A POS BUSINESS WITH UBA POS 78 Requirements for starting a UBA POS business 79 How much does UBA POS charge? 81 CONCLUSION 82 FINAL THOUGHTS 82