Every corner across Nigeria now is occupy by the banking agency popularly known as Point Of Sales (POS) Operators.

The introduction of new POS machines and vendors are increasing everyday across the country.

The daily growth of POS business can not be denied as a result of Corona virus (Covid19) pandemic that left many people open to new opportunities globally.

According to the data on the Nigeria Inter-Bank Settlement System (NIBSS) portal, revealed that agent banking was on the rise. Of the 986,252 registered PoS in the nation, an all-time high of 955,234 was deployed in January 2022. This is 100.89 per cent from the 475,494 that was recorded in January 2021.

The followings are some of the major reasons why POS business is at every corner in our country:

1. Easy To Set-Up:
Setting up a POS business doesn't require much capital and education.

2. Availability of POS Machines:
There's increase in production/supplies of POS machines across our nation that you don't need to get to the bank before you get one easily without stress at an affordable price.

3. Nearness To Customers:
You don't need to get to the bank or Automated Teller Machine (ATM) before your withdraw/deposit cash

4. Doesn't Require Much Capital: The amount of money to start POS business is not much base on sales and business environment.

5. It Serves As An Additional Source Of Income: Many business owners have all added POS business to their source of income because of its flexibility.

6. It Reduces Unemployment Rate: Many people now are business owners due to the availability of POS business and they're also employing others.

7. Availability of Loans: Some people are running their POS with loans from families, friends and financial institutions online and offline.

.... Are you interested in POS business?