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Top 10 Best POS Machines in Nigeria

The retail industry in Nigeria has experienced significant growth in recent years, fueled by a burgeoning middle class and increasing consumer spending. 

POS machine

This growth has led to a widespread adoption of Point of Sale (POS) machines across various businesses in the country. A POS machine is a vital tool for businesses, enabling them to process transactions efficiently and securely.

A POS machine serves as the central hub for completing sales transactions, accepting various payment methods such as credit cards, debit cards, and mobile payments. 

It also helps businesses manage inventory, track sales data, generate reports, and streamline operations. With the evolving landscape of retail in Nigeria, choosing the right POS solution for your business is crucial for maximizing efficiency and customer satisfaction.

When selecting a POS solution for your business in Nigeria, several factors should be considered. These include the cost of the system, compatibility with local payment methods, ease of use, security features to protect customer data, customer support availability, integration capabilities with other business systems, and scalability to accommodate future growth.

By carefully evaluating these factors and understanding the specific needs of your business, you can choose the best POS machine in Nigeria that aligns with your requirements and helps drive success in the dynamic retail environment of the country.

Top 10 POS Systems in Nigeria

1. Opay 

Opay POS machine in Nigeria is a popular choice for small businesses due to its mobile-based nature, acceptance of cash and card payments, real-time reporting capabilities, easy reconciliation process, and low transaction fees. Here are some key points about Opay POS machine:

a). Mobile-Based POS: Opay offers a mobile-based POS solution that is convenient for small businesses and individuals.

b). Accepts Cash and Card Payments: Opay POS machine allows businesses to accept both cash and card payments, catering to various customer preferences.

c). Real-Time Reporting and Easy Reconciliation: Opay POS provides real-time reporting features that enable businesses to track transactions efficiently and reconcile accounts easily.

d). Low Transaction Fees: Opay POS machine is known for its low transaction fees, making it cost-effective for businesses to use.

To start using an Opay POS machine in Nigeria, you can follow these steps:

1. Sign up as an agent on the Opay Agent Portal.

2. Apply for a POS machine after reaching KYC level 3.

3. Download the Opay app, sign in to your profile, and upgrade your KYC status to level 3.

Opay POS machine is recognized for its affordability, ease of use, and accessibility, making it a popular choice among businesses looking for a reliable payment solution in Nigeria.

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2. Moniepoint

Moniepoint POS is a cloud-based POS solution that caters to small businesses in Nigeria. It offers custom hardware models, sales and inventory tracking, and card payment charges. Key features of Moniepoint POS include:

a). Cloud-based POS solution

b). Custom hardware model availability

c). Sales and inventory tracking

d). Card payment charges apply

The Moniepoint POS terminal costs approximately N21,500, and it includes a lease agreement rather than an outright purchase. Other notable aspects of Moniepoint POS include:

  • Encrypted payment processing and flagging of suspicious transactions
  • Ability to handle multiple currencies
  • Airtime and bill payments
  • Low transaction fees

For more information on Moniepoint POS and other POS solutions in Nigeria, consult reputable resources like     

3. Baxi Box

Baxi Box is a tablet-based POS terminal that offers offline mode capability, receipt printer integration, and charges apply for card payments. This POS is a popular payment terminal used by merchants in various industries in Nigeria due to its comprehensive features and user-friendly interface. Here are some key points about Baxi Box:

a). Tablet-Based POS Terminal: Baxi Box is a tablet-based POS terminal that is easy to use and navigate.

b). Offline Mode Capability: This POS has an offline mode capability that allows businesses to continue processing transactions even when there is no internet connection.

c). Receipt Printer Integration: The POS can integrate with a receipt printer to provide customers with a printed receipt after a transaction.

d). Charges Apply for Card Payments: Baxi Box charges a fee for card payments, which varies depending on the transaction amount.

To become a Baxi POS agent, you can follow these steps:

1. Register on the Baxi POS website and complete the necessary documentation.

2. Pay a caution fee of N30,000 for the Android POS or N10,000 for the MPOS if you want to lease the device. If you want to purchase the device, the Android POS machine costs N80,000, and the MPOS costs N30,000.

3. Attend a compulsory training session on the platform and CDL Monitoring/Management software.

Baxi POS charges a fee for cash withdrawals and card payments, which varies depending on the transaction amount. Baxi POS is licensed by the Central Bank of Nigeria (CBN) through its parent company Capricorn Digital Limited (CDL)

4. Nomba 

Nomba POS is a solar-powered terminal that offers limited payment options but does not explicitly mention airtime and bill payments in the provided search results. Some key features of Nomba POS include:

  • Built-in printer
  • Solar-powered terminal
  • Inventory management capability
  • Limited payment options (accepts only bank cards)

However, specific details regarding the solar power functionality and the exact limitations of payment options were not found within the provided search results. For more information on Nomba POS, visit their official website at Keep in mind that the availability and features of Nomba POS might change over time, so it’s essential to verify the latest information before making a decision.    

5.Dataway POS Machine in Nigeria

Dataway POS machine is a popular choice among traders and entrepreneurs in Nigeria due to its quick acquisition and user-friendly features. Here are some key points about Dataway POS:

a). Touch Screen POS Terminals: Dataway POS offers touch screen terminals for ease of use and efficient transaction processing.

b). Detailed Sales Analytics: The system provides detailed sales analytics to help businesses track performance and make informed decisions.

c). Customizable Hardware Bundles: Dataway POS offers customizable hardware bundles to suit different business needs.

d). Expensive Pricing: While Dataway POS is known for its features, it is considered relatively expensive compared to other POS machines in Nigeria.

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Dataway POS machine is priced at N15,000, making it one of the more affordable options available. When considering a POS machine for your business, ensure it meets your specific requirements in terms of functionality, cost-effectiveness, and ease of use.

6. Bankly

Bankly POS machine is associated with GT Bank, as it mentions enabling businesses to accept different modes of payment, including card payments and bank transfers. 

However, the search results provided do not explicitly state that Bankly POS machines require a GT Bank account. Instead, they emphasize that Bankly POS terminals allow businesses to accept various payment methods and facilitate tracking and reconciling payments.

Key aspects of Bankly POS machines include:

  • Acceptance of card payments and bank transfers
  • Secure platform for managing financial transactions
  • Tracking and reconciling payments

Keep in mind that the specific requirements for using Bankly POS machines, such as whether a GT Bank account is mandatory, could vary.     

7. PalmPay 

PalmPay is one of the best POS machines in Nigeria, especially for small businesses. It’s a mobile POS, which means you can take it anywhere to accept payments from customers.

With PalmPay, you can link your bank account to receive payments directly. This makes it easy for you to access your money without any delays.

One great thing about PalmPay is that it has low charges for processing card payments. This means you get to keep more of your earnings without worrying about high fees eating into your profits.

However, it’s important to note that PalmPay has limited features compared to some other POS machines. While it’s great for basic payment processing, it may not offer all the advanced functions that larger businesses may need.    

8. Paga

Paga is a top choice for POS machines in Nigeria. It offers both mobile and web dashboards, making it easy for businesses to manage their transactions from anywhere.

With Paga, verified customers can pay online securely and conveniently. The platform charges a reasonable 1% fee for transactions, making it affordable for businesses of all sizes.

However, it’s essential to note that Paga has limits on cash payments, so businesses need to be aware of these restrictions when using the service.

9. Firstmonie 

Firstmonie is a POS machine offered by First Bank Nigeria. It comes in both fixed and portable devices, giving business owners options to choose from based on their needs.

With Firstmonie, users can manage their inventory efficiently. This means they can keep track of their products and sales easily, helping them make better decisions for their business.

To use Firstmonie, entrepreneurs must have an account with First Bank Nigeria. This is important because the POS machine is directly linked to the bank’s services, ensuring smooth transactions and security for both the business owner and the customers.    

10. Quickteller Paypoint

One of the best POS machine in Nigeria is Quickteller Paypoint. It’s a convenient option for businesses because it’s web and mobile app-based, which means you can use it on your computer or smartphone.

With Quickteller Paypoint, there are transaction fees that apply when you process payments. However, it offers detailed reporting features, so you can keep track of your sales and transactions easily.

It’s important to note that there are also bank account charges associated with using Quickteller Paypoint. This means that you’ll need to consider these charges when using the service for your business.

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Factors to Consider when Evaluating POS Systems in Nigeria

Choosing the best POS system for your business requires careful consideration of various factors. Here’s a summary of the key points to evaluate:

1. Hardware Specifications and Durability

Ensure that the chosen POS system includes durable hardware capable of withstanding daily usage and environmental conditions.

2. Software Capabilities and Reporting

Look for a POS system that offers detailed sales and payments reporting, as well as the ability to integrate with third-party applications.

3. Customer Support and Training Options

Select a POS system from a vendor that provides adequate customer support and training resources to assist with installation, troubleshooting, and ongoing maintenance.

4. Cost and Total Cost of Ownership

Consider the initial cost of the POS system, as well as ongoing expenses related to maintenance, updates, and subscription fees. Calculate the total cost of ownership to determine the long-term viability of the investment.

5. Internet Connectivity and Electricity Reliability

Verify that the POS system is compatible with local internet connections and has the capability to function during periods of limited connectivity. Also, confirm that the system operates efficiently under varying electrical conditions.

6. Security Features

Evaluate the level of security provided by the POS system, including encryption, firewall protection, and fraud prevention mechanisms.

7. User-Friendly Interface and Setup

Assess whether the POS system is easy to use and configure, and whether it allows for quick employee training.

8. Compatibility with Local Payment Methods

Confirm that the POS system supports common local payment methods, such as debit cards, credit cards, and mobile wallets.

9. Integration Capabilities

Check whether the POS system can easily integrate with other business tools, such as accounting software, CRM platforms, and eCommerce sites.

10. Scalability

Make sure that the POS system can grow alongside your business, accommodating changes in size, complexity, and functionality.

Some popular POS systems in Nigeria include Paga POS, Moniepoint POS, and ICT W2 POS Terminal, each offering unique features and advantages suited to different business needs. Carefully assessing these factors will help you select the best POS system for your business in Nigeria.

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Recommendations for Retail Businesses

When selecting a POS system for your retail business in Nigeria, consider the following recommendations:

1. Choose Cloud-Based POS for Central Data Access

A cloud-based POS system allows you to access important information from anywhere, enhancing productivity and reducing the risk of losing data.

2. Opt for Portable Wireless Terminals for Mobility

Portable wireless terminals allow you to serve customers wherever they are, improving the shopping experience and expanding your sales area.

3. Ensure Seamless Integration with Accounting Software

Automatically updating your books and managing your finances becomes easier when your POS system syncs with your accounting software.

4. Consider Scalability to Add Locations and Features

As your business grows, you may wish to open additional stores or implement new functionalities. Make sure your POS system can keep pace with your expansion plans.

Some popular POS systems in Nigeria include Zono Stellar POS, ICT W2 POS Terminal, Pinetech POS Terminal, Paga POS, Moniepoint POS, and others. Research and compare these options to find the best POS system for your business needs.

Other factors to consider when evaluating POS systems for your retail business in Nigeria include hardware specifications and durability, software capabilities and reporting, customer support and training options, budget and total cost of ownership, internet connectivity, and electricity reliability

Read also: How To Sell Digital Products Without A Website


Choosing the best POS machine in Nigeria requires careful consideration of several key factors. It’s essential to think about your business needs, budget, and the features offered by different POS systems. When selecting a POS system, remember to prioritize reliability, security, ease of use, and customer support. These factors can significantly impact your business operations and customer satisfaction.

In conclusion, selecting the best POS machine for your Nigerian business is a crucial decision that requires thorough research and consideration. By weighing the key factors and exploring the top POS options available, you can make an informed choice that supports your business growth and success.

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