If you’re planning to start a POS business in Nigeria, one of the most important decisions you’ll make is choosing the right POS provider. Fintech companies are leading the game, offering faster services, better commission rates, and easier onboarding than most traditional banks.
But with so many options—Opay, Moniepoint, Palmpay, Baxi, Nomba (Kudi), and many others—it can be confusing to know which one is truly the best.
In this guide, we’ll break down:
- The top fintech POS providers in Nigeria
- Their features, transaction charges, POS costs, and network reliability
- Pros and cons to help you choose the best for your business
Top 5 Best Fintech POS Providers in Nigeria
Moniepoint POS
When it comes to POS business in Nigeria, Moniepoint is still leading the pace in 2025—and for good reason. It’s one of the most trusted and widely used fintech POS providers among agents across the country. Whether you’re operating in a busy market in Lagos or a rural community in Kogi, chances are you’ve seen a Moniepoint POS in action. Moniepoint POS has dominated the POS business in Nigeria
What really sets Moniepoint apart is its reputation for a strong and stable network, lightning-fast transaction processing, and very low failure rates. These are the kind of features serious POS agents are looking for—because when transactions fail, customers walk away.
Now, in terms of pricing and charges, Moniepoint no longer uses a flat withdrawal rate. Instead, they’ve shifted to a tier-based commission system, which many agents still find competitive. As for getting the machine, if you meet certain daily targets, you may be eligible for a free POS terminal. Otherwise, you’ll need to budget between ₦21,500 and ₦25,000 to buy one outright.
Agents also enjoy access to useful tools like a daily and weekly transaction dashboard, a fast wallet top-up system, and even loan support if your account is active and meets their criteria.
Moniepoint also scores high on dispute resolution. If a transaction fails, agents can raise complaints and expect relatively fast responses, which is something you don’t get from every provider.
Why Agents Love Moniepoint
Moniepoint’s network reliability is top-notch, and payouts are processed quickly. The brand also has a reputation for solid customer support, with many agents confirming that help is just a phone call—or WhatsApp message—away.
A Few Drawbacks to Note
That said, it’s not perfect. Agent registration can be a bit strict in some areas, especially if you’re new to the business. In many cases, you’ll need to go through a field officer or aggregator for onboarding, rather than registering directly online. That adds a few extra steps, but for many agents, the trade-off is worth it.
2. Opay POS
If you’re looking for a fintech POS provider that’s fast, modern, and easy to join, then Opay POS might be the right fit. Operated by the same company behind the Opera browser, Opay has carved a solid reputation in Nigeria’s POS space—especially in urban and semi-urban areas where digital payments are growing rapidly.
One thing agent love about Opay is how simple and quick the registration process is. You don’t need to chase any field officers—just download the Opay Business app, upload your documents, and apply directly from your phone. It’s all digital, and you could be up and running in just a few days.
Their POS terminals are sleek, modern-looking, and built for speed. While you can get a free POS if you qualify, most agents purchase theirs at a cost ranging between ₦35,000 and ₦45,000.
Key Features:
- Transaction charges range between ₦10 – ₦30, depending on the amount
- POS device is free (if eligible), or available for purchase
- Onboarding is 100% online via the Opay Business app
- Agents enjoy cashback rewards on airtime and bill payments
- Comes with a clean, easy-to-navigate business dashboard
Beyond the device, Opay provides a user-friendly platform that makes it easy to track your earnings, resolve minor issues, and manage customer transactions all in one place. The app itself is intuitive—even if you’re not too tech-savvy.
On the downside, network performance can be inconsistent in rural or low-signal areas, so if you’re planning to operate in a remote location, it’s something to consider. Also, due to Opay’s popularity, agent competition can be very high in cities, making it harder to stand out if your location is crowded.
But overall, Opay is a fantastic option for agents who want easy access, fast setup, and a smooth interface to run their POS business.
Palmpay POS
In just a few years, Palmpay has risen to become one of the top three fintech POS providers in Nigeria—and it’s easy to see why. The platform strikes a balance between user-friendliness, reliable support, and attractive incentives for agents.
If you’re just starting out or even looking to switch providers, Palmpay offers a relatively smooth entry point. Their registration process is done entirely online, which makes it convenient for anyone, no matter where you live. Once approved, you can either get a free POS terminal (depending on promotions and eligibility) or buy one for about ₦30,000 to ₦40,000, depending on the model.
Key Features:
- Charges are ₦10 – ₦20 per ₦5,000transaction (tier-based)
- POS cost: Free (if qualified) or up to ₦40,000
- Online registration through the Palmpay agent app
- Built-in digital wallet with quick settlement times
- Access to dedicated customer service lines
One of the biggest selling points for Palmpay agents is the cashback and reward programs. The more transactions you do, the more you earn back in bonuses—whether you’re helping customers withdraw, buy airtime, or pay bills.
In terms of performance, Palmpay has a low failure rate for transactions and gets plenty of positive feedback from users, especially in urban areas.
However, it’s worth noting that some agents in rural or newly covered regions have reported delays in POS machine delivery after approval. Also, the transaction charges can vary depending on your volume and type of transactions, so it’s important to review the latest rates on your dashboard regularly.
Still, if you’re looking for a POS provider that rewards your hustle, offers strong tech support, and keeps your customers happy, Palmpay is a solid choice.
4. Baxi POS
If you’re looking for a POS provider that does more than just withdrawals and transfers, then Baxi might be the perfect fit for you. Baxi is known for being one of the most versatile fintech POS platforms in Nigeria, offering multi-channel transactions—including the traditional POS terminal, a mobile app, and a full web dashboard.
This flexibility makes Baxi a favorite for agents who want to do more than just basic transactions. You can use it to offer a wide range of services like airtime top-ups, DSTV/GOtv subscriptions, electricity bill payments, and even wallet funding for other users. So, if you want to run your POS as a full-on mini-business center, Baxi has the tools.
Key Features:
- Flexible chargesdepending on the service type
- POS machine costs between ₦30,000 and ₦50,000
- Offers POS, mobile app, and web dashboardfor transactions
- Agent wallet is easy to fundthrough various channels
One of Baxi’s standout advantages is its all-in-one platform. You don’t need different apps for different tasks—it’s all streamlined into a single ecosystem, which is great for efficiency. Many agents who handle bill payments, airtime reselling, and transfers prefer Baxi because it supports all those services smoothly.
The network performance is also fairly reliable in most parts of the country, and the ability to switch between mobile and web interfaces gives agents more control and flexibility.
However, Baxi is not the cheapest option out there. The initial POS cost is a bit high compared to others like Opay or Moniepoint, and some users have mentioned that the interface can be a little complex, especially for new agents who aren’t tech-savvy.
Still, if you’re aiming to offer diverse digital services beyond just POS transactions—and want everything in one place—Baxi is a powerful platform worth considering.
Nomba POS (formerly Kudi)
Nomba, previously known as Kudi, has undergone a major rebrand—and it’s not just a name change. With a sleeker interface and improved tools for tracking sales, Nomba is now one of the best options for POS agents who also run small businesses and want a little more than just transaction services.
What sets Nomba apart is its focus on business intelligence. It’s more than a POS terminal—it’s a smart business tool. If you’re someone who likes to keep an eye on your daily sales, monitor transaction trends, and make decisions based on actual data, Nomba is built with you in mind.
Key Features:
- Transaction charges hover around ₦10–₦20 per ₦5,000
- POS machine costs between ₦20,000 – ₦30,000
- Includes business insight toolsfor tracking sales
- Comes with an intuitive mobile and web dashboard
Another thing to love is Nomba’s clean and modern design, both in terms of the physical device and the user interface. Everything feels polished and professional, which is great for agents who want to operate in a more structured way or integrate POS into an existing retail or service business.
However, there are a couple of limitations. POS device availability is still a challenge in some regions, especially outside major cities. Also, since the platform is internet-based, you’ll need a reliable data connection for the best experience—something to consider if you’re in an area with poor network coverage.
That said, if you’re a small business owner who wants data-driven features and a POS that looks and feels premium, Nomba could be your ideal choice.
Fintech POS Providers Comparison Table
| Provider | POS Cost | Withdrawal Charges | Network Strength | Registration Process |
| Moniepoint | ₦21,500 – ₦25,000 | ₦6.20 flat rate | ★★★★★ | Agent-based (offline) |
| Opay | Free / ₦35,000+ | ₦10 – ₦30 (tiered) | ★★★★☆ | Online (app-based) |
| Palmpay | Free / ₦30k+ | ₦10 – ₦20 | ★★★★☆ | Online |
| Baxi | ₦30,000 – ₦50,000 | Variable per service | ★★★☆☆ | App/Offline Combo |
| Nomba (Kudi) | ₦20,000 – ₦30,000 | ₦10 – ₦20 | ★★★☆☆ | Online |
Note: these withdraw charges are no longer obtainable due to new CBN rules/polices
How to Choose the Best POS Provider for Your Business
When choosing a fintech POS provider in Nigeria, consider:
- Your location– Go for providers with strong network coverage in your area
- Charges– Compare withdrawal/transfer fees to maximize your profit
- Customer support– You need quick help when issues arise
- Ease of funding your wallet– The smoother it is, the better
- Delivery time– Some providers take too long to deliver machines
If you’re starting out, Moniepoint and Opay are solid bets. For multi-service businesses, Baxi or Nomba may be better.
Conclusion
The best fintech POS provider in Nigeria depends on your location, budget, and business goals. There’s no one-size-fits-all solution, but with this comparison, you’re in a better position to choose what works best for you in 2025.
Note: The withdrawal charges in this article may not reflect the current withdrawal charges of the respective fintech POS due constant change in CBN financial policies.
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