Top 10 Best POS Machine in Nigeria – Starting a POS business has become the new way to easily start a small business with any capital. It’s also a popular side hustle for existing businesses. In Nigeria, there are various fintech and commercial bank POS machines available, each with different charges and transaction rates. Before purchasing or applying for a POS machine, it’s important to conduct market research to find the best one.

Factors to consider when selecting a potential POS Machine

When it comes to choosing a POS machine, there are a few important factors to keep in mind. Check these out:

1) Cost: Look for a POS machine that fits your budget and offers the features you need.

2) Compatibility: Make sure the POS machine works well with your business software and other hardware.

3) Security: Prioritize a POS machine with strong security features like encryption and fraud detection.

4) User-friendly interface: Find a POS machine with an easy-to-use interface for your employees and customers.

5) Customer support: Opt for a POS machine from a vendor that provides reliable customer support

Considering these factors will help you select a POS machine that’s reliable, efficient, and perfect for your business needs. Let me know if there’s anything else I can assist you with!

Top 10 Best POS machine to use in Nigeria

With the growing demand for efficient payment solutions in Nigeria, POS machines have become essential for businesses. To help you make an informed decision, here’s a list of the top POS machines in Nigeria that provide the information you need:

1) Opay

If you’re in search of a top-notch POS machine, Opay has the crown. It has gained quite a reputation and is widely regarded as one of the best pos machine in Nigeria available. Opay is the king of all other options, and also known for its user-friendly interface which makes it easy for both business owners and customers to navigate.
One of the great things about Opay is its affordability.

Whether you’re a small business or a larger enterprise, they have options that suit your needs and budget. So, if you’re looking for a reliable, efficient, and feature-packed POS machine, Opay is definitely worth considering.

2) Moniepoint

Moniepoint, developed by TeamApt, is the second-best POS agent banking platform in Nigeria. It’s super user-friendly, making it a breeze for businesses to navigate and use. With its extensive and fast network, you can accept various payment methods like cards, mobile wallets, and QR codes, giving your customers more options to pay.

And the best part? Moniepoint takes security seriously, using advanced encryption and tokenization techniques to protect sensitive information. It seamlessly integrates with your existing systems and offers comprehensive business management tools, so you can easily track sales and make informed decisions. Moniepoint is definitely a reliable choice for businesses and one of the best pos machine in Nigeria!

3) Baxi Box

BaxiBox is not only a popular digital payment solution in Nigeria, but it’s also known for having one of the most portable POS machines around. With Baxi Box, users can easily handle a wide range of financial transactions like cash withdrawals, fund transfers, bill payments, and even airtime purchases. Baxi POS is known for its competitive charges in Nigeria. They offer two types of machines: the Baxi Box (POS), which is an Android device, and the MPOS machine, a smaller calculator-like version. 

And let’s not forget about its awesome features! Baxi Box has an offline mode, so you can keep processing transactions even without an internet connection. Plus, it can integrate with a receipt printer, allowing you to provide your customers with printed receipts. It’s definitely a comprehensive and user-friendly choice for merchants in Nigeria.

4) Paga

Paga offers a reliable and affordable POS machine that can be a game-changer for your business. With the Paga POS machine, you can accept payments from your customers using various methods like cards and mobile wallets. It also offers great commissions which includes it as one of the best pos machine in Nigeria. It’s super convenient and user-friendly. Paga has the MoniePoint loyalty program, which allows you to reward your customers and keep them coming back for more. It’s a win-win situation! So, if you’re looking to level up your gift card business, the Paga POS machine might just be the perfect fit for you.

5) Palmpay

Palmpay does offer a POS machine that can be a great addition to your business. It also gives great cash backs. With the Palmpay POS machine, you can accept payments from your customers conveniently and securely. It supports various payment methods like cards and mobile wallets, making transactions a breeze. Plus, Palmpay offers competitive rates and provides prompt settlement of funds. It’s definitely worth considering if you’re looking for a reliable and efficient POS solution for your business.

6) Quick teller Pos

Oh, Quickteller! It’s another popular POS machine option for businesses. With the Quickteller POS machine, you can easily accept payments from your customers using various methods like cards and mobile wallets. Quickteller has been around for quite a while, starting as an ATM payment service and airtime vendor, and now offering a POS machine for transactions. They have different charges, like 1.5% for debit transactions and 2.5% for credit transactions. For transfers of N10,000 and above, there’s a N100 fee, and you receive N75 as commission.

7) Flutter wave pos

Flutterwave POS is such an amazing choice for businesses! it is amongst the best pos machine in Nigeria. The Flutterwave POS machine makes it super easy for you to accept payments from your customers using different methods like cards and mobile wallets. It’s a really convenient and dependable solution that can help make your transactions smoother. And the best part is that Flutterwave offers competitive rates and ensures that your funds are settled promptly. If you’re on the lookout for one of the best POS machine in Nigeria, Flutterwave is definitely a top contender. It’s a fantastic choice for your business!

8) Bankly

Bankly is a Nigerian fintech startup that positions itself as the go-to bank for the unbanked population. It was established in 2018 by Tomilola Adejana and Fredrick Adams. Bankly POS is the most affordable machine available. It’s a Nigerian fintech company authorized by the Central Bank of Nigeria to function as a banking service agency. You can also get their services by downloading the Bankly app on your phone.

Getting the Bankly POS machine is simple if you meet their requirements. Bankly’s main objective is to streamline and safeguard digital payments through their innovative financial management platform. By employing cutting-edge algorithms that track financial behavior, Bankly offers tailored services including multi-channel withdrawals and agency banking services.

9) Nomba (formerly kudi)

Nomba (previously known as Kudi) is a versatile fintech payment platform that empowers businesses to expand. Their user-friendly suite of business tools allows businesses to seamlessly accept, process, and handle payments both online and offline. And the best part? Their fees are quite affordable!

The company initially began in 2017 with a chatbot aimed at streamlining financial payments. By 2018, it had transformed into a company that offers point of sale (POS) technology and established partnerships with banks and other entities.

10) Wema Bank POS

Wema Bank has an amazing POS machine that is both reliable and convenient for businesses. It’s also one of the best pos machine in Nigeria. With this POS machine, you can easily accept card payments from your customers, making transactions smooth and hassle-free. It’s a fantastic way to improve your business operations and provide a convenient payment option for your customers. To get started, just meet the requirements and apply to become a Wema Bank POS agent. The standard merchant service charge is 0.5% per transaction, with a maximum limit of N1000. It’s a wonderful opportunity to expand your business and offer a more convenient payment experience to your customers.

Opay, Moniepoint, Baxibox, Paga, Palmpay