10 Best POS Service Providers in Nigeria

15 Sep 2025

POS (Point-of-Sale) service providers supply the terminals (devices) and infrastructure that allow merchants, agents, and small businesses to accept payments (card, mobile wallet, cash withdrawals), pay bills, sell airtime/data, and do transfers. In Nigeria, POS services are central to financial inclusion: they bring banking services closer to communities without bank branches. Key success factors are: high uptime & low failure rate (especially in areas with unstable power or poor internet), fast settlement of funds to agents/merchants, low transactional fees/commission rates, good customer support, affordable device/caution fees, and strong agent networks. As more people adopt cashless or semi-cashless economies, having a reliable POS provider can be a dependable income source for agents. Challenges include device cost, maintenance, logistics (delivering / replacing faulty terminals), competition (which pressures fees), regulatory compliance (CBN’s rules and oversight), and variability in service depending on location (urban vs rural). For merchants, the best POS systems combine reliability, transparency, minimal downtime, low charge per transaction, and responsive support.