Are you looking for the top banks offering POS services for agents in Nigeria in 2025? You're not alone. With the rise of agency banking across the country, many Nigerians are turning to POS business as a way to earn daily income and reach the unbanked population.
Whether you're a new agent or want to switch to a more reliable provider, this detailed guide will help you discover the best banks for POS machine services in Nigeria based on charges, network reliability, funding speed, and support.
In this updated list, you'll find everything you need to know, including how to become a POS agent, which banks are best, their terms and conditions, and frequently asked questions about POS agent banking in 2025.
What Is a POS Agent and Why It Matters in Nigeria 2025
A POS agent is an individual or business that offers basic banking services to the public using a Point-of-Sale (POS) terminal. These services include:
Cash withdrawals
Deposits
Transfers
Airtime and bill payments
BVN enrollment (for some banks)
This system is part of financial inclusion, aimed at helping people in rural or underserved areas access banking without going to a physical branch.
As a POS agent, you earn commissions per transaction. But your profitability depends heavily on the bank or fintech platform you partner with.
This is why choosing the best bank offering POS services in Nigeria is very important in 2025.
How to Qualify as a POS Agent in Nigeria
While each bank has its own process, these are the general requirements to get started:
Basic Requirements:
Valid means of identification (NIN, Voter’s card, National ID, etc.)
Recent passport photographs
Proof of address (e.g., utility bill)
Business location (preferably in a public place)
Minimum startup capital (varies by bank)
Bank Verification Number (BVN)
A smartphone (for app use and monitoring)
Optional:
CAC registration (for registered business agents)
Guarantor form (some banks may require)
Top Banks Offering POS Services for Agents in Nigeria (2025)
Here is a breakdown of the top 10 Nigerian banks offering POS terminals and agent banking services, including their benefits and limitations.
1. Access Bank (Access Closa Agent)
Access Bank operates one of the largest agent banking networks in Nigeria, known as Access Closa.
Startup Requirement: ₦50,000–₦100,000
POS Fee: Free on request (subject to terms)
Commission: Competitive on every transaction
Network: Stable
App Support: Yes (Closa Agent App)
Agent Onboarding: 3–5 working days
Why It Stands Out: Nationwide reach, strong support, instant settlement.
2. First Bank (Firstmonie Agents)
First Bank is one of the most trusted POS providers through its Firstmonie Agent Network.
Startup Capital: ₦50,000+
POS Machine Fee: Free (after approval)
Commission: ₦100–₦300 per withdrawal
Settlement Time: Instant
Customer Support: 24/7 helpdesk and zonal offices
Best For: Rural agents and experienced operators.
3. Zenith Bank POS Agent
Zenith Bank is a traditional bank with a fast-growing agent network.
POS Fee: May require a refundable caution fee
Startup Capital: ₦70,000+
Commission Rate: Based on volume
Settlement: Same day
Support: Available via branches
Ideal For: Business owners already banking with Zenith.
4. UBA (UExpress Agents)
UBA offers its UExpress agency banking platform with user-friendly POS terminals.
Application Fee: Varies (often free)
Commission: ₦50–₦300 per transaction
Mobile App: Available for monitoring
Settlement Speed: Instant
Other Benefits: Access to loans and savings schemes
Why UBA Ranks High: Good reliability, easy approval process.
5. Polaris Bank (SurePadi Agents)
Polaris Bank runs SurePadi, one of the fastest-growing POS networks in Nigeria.
POS Terminal: Usually free
Charges: Very low compared to other banks
Settlement: Within 24 hours
Agent Training: Available for free
Best For: First-time agents needing guidance.
6. Ecobank Xpress Point
Ecobank’s Xpress Point is tailored for entrepreneurs in busy markets and semi-urban areas.
Minimum Capital: ₦50,000
POS Fee: Subsidized or free
Commission: Good structure
Support System: Branch-based agent officers
Why Choose Ecobank: Good integration with airtime and utilities sales.
7. Stanbic IBTC POS Agent
Stanbic IBTC offers fewer agent services compared to others but provides a premium experience.
POS Fee: Refundable deposit
Capital Requirement: Medium scale
Service Scope: Mainly cash-in, cash-out, and bill payment
Support: Excellent customer support
Best For: Urban POS operators seeking bank backing.
8. Fidelity Bank POS Agent
Fidelity Bank also supports agent banking with a growing number of partners.
POS Machine Fee: May vary
Commission Model: Transparent and structured
Settlement: Within hours
Monitoring: Mobile platform available
Why Use Fidelity: Stability and reliable network uptime.
9. Union Bank POS Agents
Union Bank’s Agent Banking program has expanded aggressively.
Application: Online and branch options available
POS Terminal: Based on volume and location
Training: Onboarding provided
Revenue: Fair commissions across services
Best For: Those in need of flexible location requirements.
10. Heritage Bank POS Agent
Though smaller in size, Heritage Bank offers POS services in select states.
POS Terminal: Provided based on business strength
Startup Cost: ₦30,000 minimum
Commission: Standard
Support: Available but limited to key branches
Why Consider It: Fewer agents mean faster approvals in select regions.
Summary Table – Top Banks Offering POS Services in Nigeria (2025)
| Bank/Platform | POS Terminal Fee | Commission (Avg) | Settlement Speed | App Support | Best For |
|---|---|---|---|---|---|
| Access Bank | Free | High | Instant | Yes | General agents |
| First Bank | Free | High | Instant | Yes | Rural/urban |
| Zenith Bank | Deposit-based | Volume-based | Same Day | No | Business owners |
| UBA | Free | Good | Instant | Yes | All levels |
| Polaris Bank | Free | High | 24 Hours | Yes | Starters |
| Ecobank | Free/Subsidized | Good | 1 Day | Yes | Market-based agents |
| Stanbic IBTC | Deposit-based | Mid | Same Day | Yes | Urban zones |
| Fidelity Bank | Varies | Transparent | Fast | Yes | Mid-scale agents |
| Union Bank | Based on volume | Mid | 24 Hours | Yes | Flexible zones |
| Heritage Bank | Free/Limited | Standard | Fast | No | Underserved areas |
Benefits of Choosing a Bank for POS Over Fintech
While many fintech apps offer POS services, banks offer:
Better trust and security
Easy access to other services (loans, savings)
Instant bank settlements
Stronger regulatory backing
Frequently Asked Questions (FAQs)
1. Which bank gives POS machines fast in Nigeria?
First Bank, Access Bank, and Polaris Bank are known to process POS agent applications quickly usually within 3–5 working days.
2. How much do I need to start a POS business in Nigeria?
You need ₦50,000 to ₦150,000 depending on your bank, location, and daily float requirement.
3. Which bank POS has the highest commission?
Firstmonie (First Bank), Access Closa, and Polaris SurePadi are among those offering the best commissions per transaction.
4. Do I need a CAC certificate to become a POS agent?
No, but having CAC registration helps with faster approval and higher trust, especially in urban areas.
5. Which POS provider has the best network in Nigeria?
Banks like Access Bank, UBA, and Zenith are known for stable networks and quick settlement.
Final Thoughts on Top Banks Offering POS Services in Nigeria (2025)
Choosing the right bank offering POS services can make or break your business success as a POS agent. In 2025, several Nigerian banks are now offering low-cost, fast-settlement, and reliable POS terminals for agents.
If you want to enter the agency banking space, start with First Bank, Access Bank, Polaris Bank, or UBA. They offer free POS, training, high commissions, and excellent support.
Compare all options, check their terms, and apply to the one that matches your business size and location.