POS machine (also known as the Point of Sale terminal) has become an electronic device many businesses and merchants can’t do without. The device has transformed banking services and brings banking system close to the customers.  The currently situation of the economy and the COVID -19 pandemic has increase the use of POS machine.

POS machine has become a hot cake for businesses as they can now accept bank card payment from customers. Again, people have begun to earn income from doing POS business. So many businesses, Merchants and mobile money vendors now need the POS machine.

If you’re among the category of people who need a POS machine, I’m here to show the various places where you can get the POS machine in Nigeria and POS machine dealers in Nigeria as well.   But before we proceed to show you where to get a POS machine in Nigeria, let’s look at some popular brand POS machine in Nigeria.

Read: How to transfer money using ATM card & without ATM card

Benefits of POS Machine to businesses

There are several benefits of getting a POS machine for your business.  They include:

1. POS system is a faster and quicker way to accept payment from customers
2. It will help you to track and manage your inventory in real-time. So, you can balance up your account and daily sales through the system easily.
3. It will help you in monitoring your sales records and alert you when your stocks are low (this is for the sophisticated model of the device).
4.  It helps you keep update records of your daily transactions and reduces the chances of theft in your business.
5. Reduced cash handling charges
6. Improved account reconciliation
7. Eliminates the hassles of clearing & confirming cheques
8. It helps you keep memory of your past transactions and to avoid miscalculations

Brands of POS Machine in Nigeria

Some Popular brands of POS machine found in Nigeria are manufactured by:

• VeriFond
• Ingenico
• Hypercom

If you’re able to get a POS machine from any of these brands then you’re lucky because their machine are much durable and have improved functionality.

Where to get a POS machine in Nigeria

If you thinking of starting a POS business or you’re business owner looking to get a POS machine, the following are where to get a POS machine in Nigeria:

BANKS – The first place to get a POS machine from is your bank according to the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System Plc (NIBSS). And for you to get POS machine from your bank, you need to have either current or savings account depending on your bank. The commercial banks should be the first place to go when trying to get a POS machine, for a number of reasons:

• the bank is a registered institution licensed to carry out financial transactions
• Vulnerability is low
• They provide a continuous customer support on issues relating to the use of the POS machines
• You sure of getting all you need under one roof at the bank’s physical location
• The process is quicker and straightforward
• Confidentiality is higher

Commercial Banks that offer POS Machine

The following commercial banks offer POS Machine to agents, merchants and businesses:

1. United Bank of Africa
2. Union bank
3. Zenith bank
4. Access bank
5. GTbank
6. Stanbic IBTC
7. Polaris bank
8. FCMB
9. Firstbank

But before you can get POS machine from any of these bank, you need to first download their mobile POS app (mPOS) or use their POS ussd code and complete 25 transactions.

The mobile POS app of any of the above bank can be downloaded from Google play store for android users and Apple store for Iphone users, but this has to be after duly registered with the bank as their mobile POS agent.

Getting a POS machine from any of the commercial bank in Nigeria is absolutely free of charge. The Banks offer POS machines to customer for free but they gain from every transaction done with the machine as they charge a fixed commission per transaction

Apart from Commercial banks, you get a POS system from some organization and dealers for a fee. These dealers unlike bank will not charge you on any transaction done through the POS terminal as you have paid for the machine and entirely own every transaction made with it.

Where to get POS Machine in Lagos

The following are places to get POS Machine in Lagos:

1. Techcenta Concepts

Techncenta Concepts is one of the dealers you get POS machine from. They are located at 160, Suite 24, Herbert Macaulay way, Veteran Plaza, Yaba, Lagos Mainland, Lagos, Nigeria.

2. Platinum Grade

Platinum Grade is another POS machine dealer in Lagos. You can find them at 5, Mojisola Street, Ifako-Agege, Ifako Ijaiye, Lagos, Nigeria.

3. Ict And I

The Ict and I, POS machine Dealer Company is located at Suite 4, 21, Opebi Road, Opebi, Ikeja Lagos, Nigeria

4. BFM Consulting

BFM Consulting is located at No. 36B, 2^nd Floor, Toyin Street, Ikeja, Lagos, Nigeria.

5. Neo Hitech Solution Ltd

Neo Hitech Solution Ltd is located 62B, Opebi Road, Opebi, Ikeja, Lagos, Nigeria

6. Wamcom Associates

They are located at No. 5 Medical Road, Adjacent Computer Village, Ikeja, Lagos, Nigeria

7. Boromax Global Limited

You can find Boromax Global Limited at 12 Simbiat Abiola Way, Computer Village, Ikeja, Lagos, Nigeria.

8. E-print Solution

Located at E13/01 Arena Shopping Complex, Bolade, Oshodi Isolo, Lagos, Nigeria

9. Citiserve Limited

They are located at 368 Ikorodu Road, Maryland, Ikeja, Lagos, Nigeria

10. Deglobal Technologies Limited

Deglobal Technologies Limited is located at No. 5A Thomas Laniyan Street, Anthony Village, Kosofe, Lagos, Nigeria.

Where to get POS Machine in Abuja

The following are places to get POS machine in Abuja:

1. JDD Technologies Limited

They are located at A8 Block B2, El Rufai Block Modern Market, Gariki International Market, Gariki, Abuja.

2. Mask Data System

Mask Data System is located at Shop D9/10 Sky Memorial Complex, Zone 5 Wuse, Abuja

Where to get POS Machine in Ondo State

The place to get POS machine in Ondo:

1. Samuel and Co

They are located at 99A Ajeloro Street, Isolo, Akure South, Ondo.

Where to get POS Machine in Oyo State

The following are place to get POS machine in Oyo:

1. Damit Enterprises

Damit Enterprises is located at No. 18 Boni Close, Ring Road, Ibadan South West, Oyo

2. Helpline Telecoms Nigeria Limited

They are located at 6A Olaniyan Fagbemi Street, Iyajanku, Ibadan South West, Oyo

Mobile POS App (mPOS) Providers in Nigeria

1. PAYPAD

PayPad is a pioneer technology framework dedicated to offering solutions to financial solution through its mPOS solution – which enables businesses to receive payments via their smartphones. It offers better transaction connectivity than the regular POS and also allows you to keep track of transaction details and reduce paperwork.

The PayPad solution is tested; trusted and reliable solution that is currently being deployed by 10 of the major banks in Nigeria with its service tailored to each bank’s individual requirements and needs.

You can sign up for free account here. Signing up for PayPad is entirely free and requires nothing more than your basic business details and name of your bank. In less than 48 hours after signing up, a representative will get in touch with you

2. ZIROOPAY

Built for the modern business owner like you, ZirooPay combines functionality with portability; making it perfect whether you sell in a store or on the go. ZirooPAy is an internet-free solution that helps businesses to process payments in real-time and manage their business operations, through real-time analytics, sales accounting and sales reports.

3. iSELLUP

This POS solution involves both a mobile application on a smartphone for electronic transactions and a device that enables pin usage. Data communication between these two electronic components is very secure and the application does not save your customer’s card information – thereby reducing the chance for malicious transactions. It also leverages on the Bluetooth technology to print the reports of financial transactions.

4. PAYTEN

Payten provides encrypted end-to-end payment solutions for financial and non-financial businesses through its versatile support for card and card-less transactions. Payten offers a wide range of opportunities for business owners to quickly secure and settle on virtual POS concurrences with various banks.

5. PAYSWIFF

Backed by a decade of experience and excellence, Payswiff offers a wide range of innovative and reliable solutions to streamline the transaction experience on a secured platform for businesses. With its MPOS and a smartphone application, it supports over 60 different payment channels, including debit or credit cards, net banking, online e-wallets and UPI. It is fast, easy to use and provide hassle free payments.

6. SMARTPESA

This is also a reliable mobile Point of Sale operator in Nigeria. The m-POS enables business owners to accept payments in-store or online using the Soft-POS features. The m-POS can handle both banking operations handled at bank branches and ATMs. Their POS operation has been extended to include cheque deposits, transfers and balance enquiries.

7. NETPOS

NETPOS offers a lightning-fast android based m-POS powerhouse that has the mobility and flexibility to run rapid transactions on the go, as well as providing an opportunity to make payments at your business outlet with a simple scan of a QR code with the use of a smartphone.

NETPOS also offers a Store Manager App, an android based solution that allows businesses upload their inventories and perform transactions with multiple payment options. The STORM app is easy to use, offers instant settlement and inventory management.

8. PAYONE

The PayOne m-POS solution is a cost-effective alternative to stand-alone point of sales devices in the Nigerian market. Business can accept card payments with a smartphone or a tablet instead of using a traditional cash or checkout register. It can accept transaction processing for cards, cash and mobile money payment types.

This m-POS solution is built-ready for integration into Vouchers, Coupons and e-commerce applications – and it is packaged with analytics features that enable business owners to track their transactions.

List of CBN approved POS vendors

The list of approved vendors [and their POS variants] where you can get a POS for your business

You can also find more lists of approved resellers on the NIBSS platform here

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