7 Best POS Machines In Nigeria

This Article was Reviewed by The Chief Editor, Godfrey

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Opay POS machine, Palmpay POS machine, and Moniepoint POS machine are the top three best POS Machines in Nigeria.

In today’s fast-paced business world, your customers expect convenience. When it comes to keeping your business running smoothly, a reliable POS machine can make all the difference. However, with so many options available, it can be difficult to know which one to choose. 

Fumbling for cash is a thing of the past, which is why you have to do proper research before you opt for any POS machine that is the perfect fit for your thriving business. That’s why we have rounded up the best POS Machines in Nigeria based on factors such as features, ease of use, affordability, charges, ease of acquisition, reliability, and the range of transactions.

With these factors in mind, below is a list of the top 7 best POS machines that will provide you with all the information you need to know in order to make the best decision for your business. Let’s get started. 

READ ALSO: How Much Does Moniepoint POS Cost To Get

Top 7 Best POS Machines in Nigeria

1. Opay POS

Opay POS

OPay is a mobile payment platform and fintech company based in Nigeria. The company was founded in 2018, and it offers services including mobile money, bill payment, transportation booking, food delivery, and more. 

OPay POS machine is a device that allows merchants to accept payments from customers using a variety of methods, including mobile money, bank cards, and cash. The POS machine connects to the OPay platform, and it allows merchants to track sales, inventory, and other data. 

It is one of the best POS machines in Nigeria because of its ease of use and reliability. The device also has a long battery life and can accept multiple payment methods, including QR code and mobile wallet payments.

Presently, Opay boasts a network of over 300,000 agents and caters to the needs of nearly 10 million Nigerian users. 

Opay POS offers a range of mobile POS solutions designed specifically for the needs of Nigerian businesses. They come in three main varieties:

  • Opay Mini POS: This highly portable and affordable option is ideal for small businesses and vendors. It boasts features like secure payments, airtime top-up, and bill payment functionality.
  • Opay Traditional POS: This mid-range option offers all the features of the Mini POS plus a contactless payment terminal for added convenience.
  • Opay Smart POS: The most feature-rich option, the Smart POS caters to larger businesses with functionalities like a built-in printer and receipt generation.

The traditional and Smart OPay POS are the most common types used by businesses in Nigeria, as both are regarded as Opay’s best POS machines for any form of transaction.

How to Get an Opay POS Machine

To acquire an Opay POS machine in Nigeria, follow these straightforward steps:

1. Download the Opay Business App:

  • Visit the Google Play Store (for Android) or Apple Store (for iPhone) to download the Opay business app.
  • Search for the Opay Business app and download it.
  • If you already have an Opay account from the regular Opay app, you can skip this step.

2. Register as a Merchant:

  • Log in to the Opay Business app using your credentials (phone number and password).
  • Select the “Merchant” option during login.

3. Apply for a POS Machine:

  • Once logged in, click on the “My POS” tab.
  • Find the “Apply for POS” option and select it.
  • Choose the type of POS machine you want and specify where you’ll pick it up.

4. Provide Necessary Details:

  • Submit your bank statements for the last two to three months.
  • Add one or two emergency contacts (requirements vary based on the POS type).
  • Tap “Submit” to send the data.

5. Complete the Application:

  • Pay the caution fee and provide additional details, including a photo of a valid government ID and an image of your shop where you’ll use the POS machine.

If your application is successful, you’ll receive a notification via text message, phone call, or email. Opay agents will provide you with product information and a link to download and install the Opay POS software.

Opay POS Charges

OPay POS charges are as low as 0.5% per transaction (if you’re using the mini POS). However, understand that it depends on your account status. If you’ve upgraded to merchant, then the general charge is 0.5% per transaction. Below are the complete highlights of Opay POS charges: 

  • Withdrawal Charges for transactions less than ₦20,000 is 0.5% of the transaction amount. 
  • Withdrawal Charges for transactions above ₦20,000 is at a flat rate of ₦100.
  • Fund Transfers less than ₦10,000 are charged for ₦30.
  • Deposits less than ₦5,000 have a charge of ₦10, while above ₦5,000 to ₦10,000 has a flat rate charge of ₦20. Transfers far above ₦10,000 are ₦30.
  • For top-up, they have commissions on it: MTN 3%, GLO 4%, Airtel 4%, and 9 Mobile has 4.5% commission.
  • For utility bills, the commission is stated thus: DSTV 2%, GoTV 2%, StarTimes 2%, etc.

Opay is a licensed Mobile Money Operator by the Central Bank of Nigeria (CBN), which signifies its commitment to secure and reliable transactions. Reports suggest that Opay is one of the most popular payment processors in Nigeria. No wonder it is one of the best POS machines in Nigeria, and you’ll always find it in almost every part of Nigeria today. 

2. Palmpay POS Machine 

Palmpay POS Machine 

Palmpay was introduced in September 2019, and has become one of Nigeria’s top agent banking platforms. In fact, Palmpay has a customer base of over 2 million active users. 

Their user-friendly and secure app rewards users for everyday transactions. For example, Nigerians using PalmPay can earn 10% cash back on airtime purchases and enjoy low bank transfers for as little as 10 naira.

Palmpay POS machine is a modern and sleek device that is very popular. No wonder it is one of the best POS machines in Nigeria. The system has a large display screen and accepts all payment card types. The device also offers secure and fast transactions, which makes it suitable for businesses of all sizes.

PalmPay POS caters to diverse business needs with two primary options:

  • PalmPay Analog POS: This budget-friendly option offers a reliable, easy-to-use solution for accepting payments. Its compact design makes it ideal for kiosks and mobile vendors.
  • PalmPay Android POS: This advanced option boasts a touchscreen interface for a user-friendly experience. It comes pre-loaded with features like airtime and data top-up, bill payments, and even cash withdrawals and deposits, transforming your POS into a one-stop shop for customer needs.

How to Get a Palmpay POS Machine 

To acquire a PalmPay POS machine in Nigeria, follow these straightforward steps:

  • Download the PalmPay Agent Application from the Play Store or Apple Store.
  • Sign up using your mobile number.
  • After logging in, enter your essential personal details.
  • Make sure to verify your identity.
  • To apply for a POS Terminal, navigate to the main dashboard within the app.
  • Tap on the “Apply” button specifically for the PalmPay POS.
  • If required, upgrade your account by following the prompts.
  • Submit all relevant information requested during the application process.
  • Pay the necessary fee for the POS machine (usually N21,500).

Await delivery of your PalmPay POS.

Palmpay POS Charges

These are PalmPay POS transaction and withdrawal charges:

  • For withdrawal, PalmPay charges 0.5% of the transaction amount.
  • For ₦1,000 withdrawal, PalmPay charges ₦5.
  • For ₦5,000 withdrawal, PalmPay charges ₦25.
  • For ₦10,000 withdrawal, PalmPay charges ₦50.
  • For ₦15,000 withdrawal, PalmPay charges ₦75.
  • For ₦20,000 withdrawal, PalmPay charges ₦100.

When you become a PalmPay agent, you will have access to the POS machine and will be rewarded with regular commissions, bonus PalmPoints, business training, and marketing materials.

3. Monie Point POS

Monie Point POS

Moniepoint is a leading POS agent banking platform developed by TeamApt, a well-known fintech company. Since its launch in 2019, the platform has built a reputation as one of the best POS machines in Nigeria and is one of the most reliable POS agent banking services. 

Over 150,000 businesses trust Moniepoint, and it has facilitated over a billion transactions, totalling over 20 trillion Naira.

Moniepoint POS offers two primary solutions tailored to different business needs:

  • Moniepoint Lite: This highly portable and affordable option is ideal for micro-merchants and vendors on the go. It connects via Bluetooth to a smartphone, allowing you to easily accept payments.
  • Moniepoint Classic: This countertop terminal provides a more robust solution for established businesses. It boasts features like a built-in printer for generating receipts and offline functionality for uninterrupted service.

How to Get a Palmpay POS Machine 

To obtain a Moniepoint POS machine in Nigeria, follow these steps:

1. Create a Moniepoint Business Account:

  • First, you need to open a Moniepoint business account. If you don’t have one yet, visit the Moniepoint website (https://moniepoint.com/)to learn how to create an account.

2. Request a POS Machine:

  • Log into your Moniepoint business account.
  • Select the specific business for which you need a POS terminal.
  • Navigate to the “Channels” section within your chosen business dashboard.
  • Click on the “POS” menu and choose “Request New POS” to proceed.

3. Payment and Activation:

  • Deposit funds into your Moniepoint account.
  • Complete the payment for the POS machine, which amounts to N21,500.

Note that although you pay for the Moniepoint POS, you don’t own it. Moniepoint leases the POS to you, eliminating the need for heavy capital investment.

Moniepoint encourages businesses to process a minimum of N80,000 in transactions daily. If your POS consistently falls short of this target, it may be reassigned.

Proper handling of the Moniepoint POS has its benefits. If the POS remains in great condition when retrieved, you’ll be rewarded with N10,000 as a form of refund.

Moniepoint POS Charges

Below are the charges for all transactions alongside its fast and reliable network. 

  • Moniepoint POS charges 0.5% of the transaction amount for withdrawals between 1 – 20,000 naira.
  • They have a flat rate of ₦100 for transactions above ₦20,000
  • They also have a flat rate of ₦20 for transfers.
  • Moniepoint offers a certain commission percentage for each network and utility package. 

4. Baxi Box POS

Baxi Box POS

Baxi Box POS is a versatile platform that facilitates digital payments across various channels in Nigeria. As one of the largest independent non-bank SME-focused electronic payment networks, Baxi operates an omnichannel system, enabling seamless transactions through mobile devices, in-store locations, online platforms, wallets, and B2B (Business to Business) channels.

Baxi facilitates a one-stop shop strategy, allowing consumers to access multiple products and services from a single agent location.

This seamless experience simplifies the buying process for end consumers and creates a powerful selling tool for Baxi agents.

Whether bill payments, inventory management, or other financial services, Baxi brings it all together.

How to Get a Baxi Box POS Machine

To obtain a Baxi POS machine in Nigeria, follow these straightforward steps:

1. Download the Baxi App:

  • Visit the Google Play Store or Apple App Store.
  • Search for the Baxi mobile app and download it.
  • Sign up using your phone number.

2. Register as an Agent:

  • Log in to the Baxi app using your credentials.
  • Register an agent account by providing your personal information.

3. Upgrade to Baxi Pro:

  • Upgrade your account to Baxi Pro by linking your BVN (Bank Verification Number).

4. Request a Baxi POS:

  • Within the app, navigate to the main dashboard.
  • Tap on the “Request for POS” option.
  • Choose either the Baxi Android POS or the MPOS device (portable POS).
  • Fill out the Baxi POS registration form and submit it for review.

5. Payment and Delivery:

  • Pay the cautionary fee for the selected POS type:

Baxi Android POS: N80,000 (outright purchase).

Baxi MPOS: N30,000 (outright purchase).

  • Your Baxi POS device will be delivered to your registered business address within a few days.

  6. Set Up and Start Accepting Payments

  • Once you receive your Baxi POS device, download the Baxi app on your smartphone.
  • Connect the device to the app via Bluetooth.
  • Follow the instructions in the Baxi app to set up your account and accept payments.
  • Ensure a stable internet connection for smooth transactions.

Baxi Box POS Charges

This is one of the most recommended POS Machines, known for its many discounts and generous commissions offered to its agents and customers.

  • The withdrawal charge is 0.55% for cash less than ₦20,000 with
  • ₦100 flat rate for ₦20,000 – ₦100,000.
  • A flat rate of ₦150 is for ₦100,000 and above.
  • For deposits and transfers, they only charge ₦30 and do not charge when you make bill payments. Meanwhile, you get a commission after that. 

5. Firstmonie POS by First Bank 

Firstmonie POS by First Bank 

Firstmonie POS is an essential service First Bank of Nigeria Limited (FirstBank) offers. Designed to simplify day-to-day financial transactions, it empowers businesses and consumers. 

Firstmonie is FirstBank’s official agency banking service. It brings financial services closer to the unbanked and underbanked segments of society. Registered agents and existing businesses facilitate transactions, making banking accessible to all.

Users can easily process financial requests through registered agents. Agents can track sales and manage transactions efficiently. The service ensures secure and reliable payment processing, which is why it is one of the best POS machines in Nigeria.

How to Get Firstmonie POS 

To obtain a Firstmonie POS machine in Nigeria, follow these straightforward steps:

Meet the Requirements:

Ensure you meet the basic prerequisites to become an agent:

You must have an established business with a visible location for an existing business.

  • Valid Identification: You must possess a valid ID card (such as a voter’s card, National ID card, Driver’s License, or International Passport).
  • BVN (Bank Verification Number): Provide your BVN.
  • Utility Bill: Submit a recent utility bill (dated within the last 1-3 months).
  • If you represent a corporate entity, provide relevant registration documents.

Once you have all the requirements, you can now proceed to get your Firstmonie POS machine:

1. Collect the FirstMonie Agent Form: Visit any FirstBank branch to collect the FirstMonie Agent form. Fill out the form accurately with up-to-date information.

2. Submit Your Application: Return the completed form to the bank. The bank will verify your details and certify you as a Firstmonie Agent.

3. Receive Your Free POS Machine: Once verified, the parent body (FirstBank) will issue you a free POS machine or terminal. You’ll only need to pay an insurance fee of N6,000 every year.

*Note that you must be a first bank user to be able to use/request a Firstmonie POS Machine. 

Firstmonie POS by FirstBank is the only local Nigerian bank to make it to this list of Best POS machines in Nigeria. This is because you can do more than what other POS machines do. See more about it under additional services below.

Additional Services:

As a Firstmonie Agent, you can do more than just collect money. Below are other things you can do with the Firstmonie POS machine;

  • Open FirstBank Accounts: Assist customers in opening FirstBank accounts.
  • Withdrawals and Deposits: Facilitate cash withdrawals from any bank and deposits.
  • Bill Payments: Handle bill payments.
  • Airtime Purchase: Offer airtime recharge services.
  • BVN Enrollment: Enroll customers for BVN through your terminal.

All these additional services make Firstmonie one of the best POS machines in Nigeria.

Firstmonie sets itself apart by ensuring verified agents, branding consistency, and a commitment to financial inclusion. You can identify Firstmonie POS stations or agents by their brand outlets in FirstBank’s distinctive colours (Blue and Yellow-Gold).

FirstMonie POS Charges

  • Bill payment has a flat rate of ₦100
  • Airtime top-up is free.
  • Cash withdrawal of ₦1 – ₦10,000 is ₦100
  • from ₦10,000 – ₦100,000 is ₦200. 
  • Any Cash withdrawals above ₦100,000 are ₦300.

6. Paga POS 

Paga POS

Paga, a Nigerian mobile payment pioneer founded in 2009, aims to simplify financial access for everyone. Their user-friendly platform lets you send and receive money quickly while empowering buyers and sellers to make and receive payments easily. As of now, Paga boasts over 19 million users across Nigeria.

The Paga POS is one of the best POS machines, as it is widely used in most parts of Nigeria. It is highly recommended for businesses due to its ease of use, affordable pricing, and reliable features. The Paga POS is available in two models, one with a screen and one without.

How to Get a Paga POS Machine 

To obtain a Paga POS machine in Nigeria, follow these straightforward steps:

1. Create a Paga Account:

  • Download the Paga mobile app from the Apple App Store or Google Play Store.
  • Sign up using your phone number.

2. Apply for a POS Machine:

  • Within the app, navigate to the main dashboard.
  • Click the “Become an Agent” button. This will take you to the agent registration page.
  • Fill out the application form with your information.

3. Submit the Necessary Documents: You’ll need a business registration certificate and a valid ID card.

4. Payment and Delivery:

Complete your POS machine application with a one-time fee of ₦30,000 for the POS machine and wait for approval.

Once approved, you’ll receive the POS machine within approximately seven days. Upon receiving the POS machine, follow the provided instructions to activate it. You’re now ready to offer convenient payment services to your customers!

Paga POS Charges

  • 0.55% for withdrawals of 0 – N20,000
  • N30 flat rate on cash deposits to any Nigerian bbank

7. Nomba POS (Formerly Kudi)

Nomba POS (Formerly Kudi)

Nomba POS, formerly known as Kudi, is a Nigerian fintech company that provides financial services to businesses. They offer a point-of-sale (POS) system as their core product, but their services extend beyond just accepting payments.

Nomba provides POS machines that allow businesses to accept various card payments conveniently. It is one of Nigeria’s best POS machines because it enables features like receipt printing and transaction tracking. 

Their mobile app allows business owners to manage their finances effectively. Features include creating and tracking invoices, managing inventory, and monitoring transactions across locations.

Nomba POS offers convenient and affordable options for businesses to accept cashless payments. One interesting fact about Nomba POS is that you don’t have to meet any daily or monthly target after you have acquired the POS machine. 

Below are the steps to get a Nomba POS machine.

How to Get a Nomba POS Machine

1. Download the Nomba App and create an Account

  • Visit your smartphone’s app store (Google Play Store or Apple App Store)
  • Search for the Nomba app and download it. 
  • Create an account using your details.

2. Verify Your Account:

Provide a verified ID, utility bill, and your BVN (Bank Verification Number) to complete the verification process.

3. Request a POS Machine:

  • Within the Nomba app, navigate to the “Accept payments” section or “Terminals”.
  • Request a new POS terminal by specifying the type and quantity you need.
  • Confirm your request and provide delivery details.

4. Receive and Activate the POS Machine:

  • Once your request is approved, you’ll receive your Nomba POS machine.
  • Activate the terminal by inputting the serial number (located behind the machine) within the app.

Your Nomba POS machine is now ready to use! Accept card payments, print receipts, and manage transactions seamlessly.

Nomba POS Charges and Daily Targets

Nomba offers different POS plans with varying daily targets:

  • Nomba No Wahala: N500 – N2,000 daily or N15,000 – N60,000 monthly.
  • Nomba Kampe: N3,000 – N5,000 daily or N90,000 – N150,000 monthly.
  • Nomba Oga: N6,000 and above daily or N180,000 monthly.

Nomba POS charges vary based on transaction amounts:

  • For transactions below ₦4,500, the charge is ₦25. 
  • For withdrawals between ₦4,500 and ₦25,000, the charge is 0.6% of the transaction amount. 
  • For transactions above ₦25,000, the charge is ₦150.

Let’s explore the pricing options for the types of Nomba POS machines in Nigeria. Nomba offers a variety of terminals to suit different business needs. Here are the details:

Machine TypePriceFeatures
Nomba Mini POS:₦25,000 (Outright Purchase)Most affordable option Accepts all bank cards Compact and portablePocket-sized for swift and successful transactions.
Nomba Lite POS₦30,000 (Lease Price)Connects to WiFi Accepts all bank cards
Nomba Pro POS₦62,000(Outright Purchase)Accepts all bank cards.Pocket-friendly, light, and sleek design.Easy to operate.Connects to 4G/3G/2G, WiFi, and Bluetooth.
Nomba MAX POS:₦85,000  (Outright Purchase)Faster transaction speed.Long-lasting battery.High-speed printer.Sleek and durable design.

You can choose the Nomba POS that best suits your business needs and start accepting payments seamlessly!


POS is undoubtedly one of the fastest means of getting cash and performing several other transactions when a bank’s ATM is not dispensing cash. 

Selecting the best POS machine in Nigeria involves considering various factors such as charges, ease of acquisition, reliability, and the range of transactions it supports. 

Now that you know about the best POS machines in Nigeria, I hope you find this article helpful and be able to make informed decisions about which to acquire. 

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About the Chief Editor

Godfrey Ogbo, the Chief Editor and CEO of AtlanticRide, merges his environmental management expertise with extensive business experience, including in real estate. With a master's degree and a knack for engaging writing, he adeptly covers complex growth and business topics. His analytical approach and business insights enrich the blog, making it a go-to source for readers seeking thoughtful and informed content.

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