Best POS Business Ideas for Nigerians in 2025

The POS business is fast becoming a booming business in Nigeria, especially in areas where there are no banks or the banks are not enough for people to go and withdraw from. 

In 2025, you can start your POS business easily without much setup cost and make thousands of naira daily.

This post will help you discover the profitable and innovative POS ideas that you can use to make money from the POS business. 

Why the POS Business Is Thriving in Nigeria

Cashless transactions have gained a lot of acceptance from the Nigerian people. As technology evolves, the need for using cash to pay for everything is beginning to decline, from paying for food in a restaurant to paying for a cab. 

The COVID-19 and cash scarcity period made the acceptance of cashless transactions even better. Many rural areas don’t have access to as many banks as possible, so they need mobile money agents for cash, which has also led to the rise of POS adoption.

The CBN and fintechs like Moniepoint, Palmpay, and Opay, as well as commercial banks, have been big influences in the support for agency banking. 

With the distribution of POS terminals to various parts of the country, it has become easy for people to access financial services and also withdraw cash from the POS agents.

What You Need to Start a POS Business in Nigeria (2025 Update)

Startup capital (POS machine cost, location, float, etc.)

To set up a POS business, you need to purchase a POS machine, pay for shop rent, and have a cash reserve for people who will come to patronize you, and you also need money to purchase miscellaneous things like chairs, tables, paper, printing out receipts, etc. 

Licensing and registration (CBN/agent requirements)

You’ll need to register your POS business if you want to kickstart your operation. These are the requirements needed for registration:

• Valid ID (NIN, voter’s card, driver’s license, or international passport)

• Passport photograph

• Utility bill (for address verification)

• BVN

• CAC registration (for businesses or if you're expanding)

• Operational account transactions

Choosing the right POS provider (e.g., Moniepoint, OPay, PalmPay, etc.)

Before choosing a POS provider, ask yourself a couple of questions:

• Do I want immediate support and a stable network?

• Do I want to start with low capital?

• Do I need fast settlements with minimal downtime?

• Is your area underserved or rural?

Asking yourself these questions will help you choose the right POS service provider that will provide the best service to you and your customers.

Ideal locations: urban, rural, transport hubs, markets

After choosing your POS service provider and getting your POS terminal, you need to choose a location where you can set up and have a lot of customers. Ideal locations for setting up your POS business are rural areas, transport hubs, markets, and urban areas where banks are not close by. 

Best POS Business Ideas for Nigerians in 2025

Standard POS Agent Services

Set up your POS store in a good location and carry out transactions like withdrawals, deposits, transfers, airtime, and bill payments.

Mobile POS Business for Events & Markets

Take your POS terminal to events, trade fairs, concerts, and markets to carry out transactions for people who want to withdraw or transfer.

POS + Mini Mart Combo

If you have a grocery shop, boutique, or provision store, you can use your POS terminal to accept payment.

POS + Gaming/Betting Centers

You can integrate POS with sports betting shops for payments and deposits. When people come to play bets, they can deposit with your POS terminal, and you can disburse payment to their account from your POS terminal.

POS + Transportation Hubs

Bus parks, motorbike pickup points, and other transportation hubs are good spots to have a POS terminal to carry out transactions.

POS + Pharmacy or Healthcare Centers

Healthcare centers can use POS terminals in healthcare centers to help customers pay for health services and also do transactions.

POS + Bill Payment Center

You can specialize in DSTV, electricity, WAEC scratch cards, and other bill payment services.

Franchise POS Business

Build a network of POS agents under your brand, though it will require a higher setup cost.

Tips to Make Your POS Business Stand Out in 2025

To make your POS business stand out, you need to follow these tips:

• Use digital marketing (WhatsApp, flyers, Facebook ads).

• Provide excellent customer service.

• Offer cashback or loyalty points.

• Maintain strong cash flow and security.

• Partner with reliable fintechs.
  
  

Common Challenges in POS Businesses & How to Overcome Them

• Network issues and machine downtime

• Fake alerts and fraudulent transactions

• Insecurity and theft

• Device Malfunction

• POS terminal provider downtime and technical support issues

• Counterfeit money risks

• Cash availability problems

• Regulatory changes

How to overcome the challenges

• Use reliable POS providers.

• Never release cash or goods until you confirm the payment from your POS dashboard or banking app.

• Partner with a nearby super agent or bank staff who can help you top up cash quickly.

• Avoid holding too much cash regularly.

• Buy a reliable power bank to keep your POS running during power outages.

• Join WhatsApp or Telegram groups for POS agents to get real-time help.

Conclusion

POS business is still very profitable in 2025; pick a POS business idea that aligns with your location, your current business, or your skills if you want to make the most out of the business.

Choose a reliable POS service provider so you don’t have to worry about customer support and other issues that could arise as a result of poor service delivery.

Read also: Top CBN Licensed Loan Apps in Nigeria (2025): Safe & Reliable Options for Quick Loans