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How to start a POS Business Profitably in Nigeria Let me guess… You must have been seeing posters of First Money POS Business in some strategic locations but don't know how to go about it. Is it viable? Should I venture into such business? POS business can be otherwise known as Agent Banking Business. It involves the transfer of funds, withdrawal of funds, sale of recharge cards and bill payments like GoTv, DStv , Startimes, and PHCN Bill services. First Money Agent This business is an extension of services offered by financial institutions like banks through which customers get convenience. Therefore the fee you charge customers for these services is called convenience fee. The central bank of Nigeria in a bit for financial inclusion has thrown opens this opportunity. An avenue to create wealth. The truth is, if you are in a location where no banks, or ATM point, this business will thrive because people will always be in need of money and won’t hesitate to pay the addi...
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