(2025 Guide + Costs)
Learn how to start a POS business in Nigeria in 2025. Discover startup costs, requirements, and strategies to make your POS business profitable.
The POS (Point of Sale) business has become one of the fastest-growing ventures in Nigeria. With more people depending on mobile money and cashless payments, POS agents are in high demand. If you’re thinking of starting a POS business in 2025, this guide explains the cost, requirements, and steps you need to take.
Why Start a POS Business in Nigeria?
• High Demand: Millions of Nigerians use POS agents daily for transfers, withdrawals, and bill payments.
• Low Capital Requirement: You don’t need millions to start.
• Steady Income: With the right location, agents earn ₦5,000–₦15,000 daily.
• Flexibility: Can be part-time or full-time.
Requirements to Start a POS Business
- Startup capital (₦100,000–₦250,000).
- A busy location with high foot traffic.
- Bank account.
- POS machine (from bank or fintech).
- BVN and valid ID card.
Cost Breakdown (2025)
• POS machine (₦20,000–₦35,000 for fintech, ₦50,000+ for banks).
• Float/working capital (₦50,000–₦200,000).
• Miscellaneous (branding, stand, chair).
Estimated total: ₦100,000–₦250,000.
Steps to Start
- Choose a POS provider (Opay, Moniepoint, Palmpay, or a bank).
- Apply and submit documents.
- Get approval and training.
- Secure a location.
- Start operations.
Profitability
• ₦100–₦300 earned per transaction.
• With 50 transactions daily, income can reach ₦10,000/day.
• Monthly profit: ₦200,000–₦300,000 in busy areas.
Tips to Succeed
• Pick a safe, busy location.
• Provide fast service.
• Offer bill payments, airtime, betting deposits.
• Build customer trust.
• Use multiple POS providers to reduce downtime.
Conclusion:
The POS business remains one of the best small-scale businesses in Nigeria for 2025. With the right location, customer service, and capital, it can be a steady income stream.
