Point of Sale machines popularly known as POS machine in Nigeria is heavily used to drive the country’s cashless policy and serve under/unbanked population.
With government policies on e-banking, POS use has become more prevalent.
This has led to significant increase in the price of POS machines in Nigeria.
Nevertheless, certain POS machines in Nigeria are considered cheaper POS machines when you look at the average price of POS machine in Nigeria which is pegged at N30,000.
All commercial banks in Nigeria and government regulated mobile money operators are in the business of selling and installation of POS machines to desired customers in Nigeria.
This has also seen a competition and crash in the price of POS machines in Nigeria.
In this article, we will review 10 cheapest POS machines available in Nigeria.
List of Cheapest POS Machines in Nigeria
The cheaper POS machines in Nigeria has nothing to do with its performance.
Its all about competitiveness and the firm’s discretion. Some of the cheapest POS machines in Nigeria are very effective in online payments processing and transactions too.
Also, from our research, we observed that majority of the Nigeria’s cheapest POS machines are those owned by mobile money operators in Nigeria.
This may not be unconnected to deliberate actions and activities of mobile Money operators in Nigeria in a bid to have a fair share of the country’s online payments transactions.
From our survey, the following POS machines in Nigeria are some of the cheapest POS machines in Nigeria for business and POS business.
Here are most cheap POS machines in Nigeria.
Price of Moniepoint POS – N20,000
Moniepoint POS is one of the cheapest POS machines in Nigeria.
This point of sale machine is product of renowned mobile money company in Nigeria, Moniepoint.
The cost of Moniepoint POS machine is N20,000 to N26,000 which most times is decided by the supply agents.
This is a very good and cheap POS to buy in Nigeria.
Price of OPay POS Machine – N8000, N35,000 & N50,000
OPay POS machine is one of the cheapest POS brands in Nigeria. OPay have mini POS, traditional POS & smart POS.
These OPay POS machines cost N8000,N35,000 & N50,000 respectively. From the above data you can deduce that OPay is one of the suppliers of cheapest POS machines in Nigeria.
Price of Kudi POS Machine – N20,000
Kudi POS price which is around N20,000 makes it one of the cheapest POS machines in Nigeria.
The microfinance bank is renowned for its online payment processing which is heavily facilitated using Kudi POS and mobile app.
It is a good POS that you can consider for your business.
Baxi POS Machine Price – N30,000
Baxi android POS machine which cost about N30,000 makes our list of cheap POS machines in Nigeria.
Baxi has two variants of POS machines which is Baxi android POS machine and Baxi MPOS.
The two variants of Baxi POS machines cost N30,000 and N10,000 respectively.
Paycenter POS Price – N25,000
Paycenter POS is one of the good quality POS machines that’s cheap in Nigeria.
The Paycenter POS comes in both the traditional big POS machine and the mini Paycenter POS.
These two Paycenter POS machines prices are N25,000 and N14,000 respectively.
Price of Bankly POS – N15,000
This is another POS machine in Nigeria that is cheaper and affordable.
It is easily one of the cheapest POS machines to buy in Nigeria. You can request for Bankly POS through their official website at bankly.ng.
Price of Payforce POS Machine- N25,000
If you are looking for a cheaper and reliable POS machine in Nigeria that can help you facilitate online payment, then you should be looking at Payforce POS machine.
This price of this POS machine in Nigeria is N25,000 which no doubts makes the POS one of the cheapest you do find around.
Price of Palmpay POS Machine- N30,000
Palmpay POS machine is one of the fastest POS machines in Nigeria.
The price of Palmpay POS machine which cost N30,000 puts it in the list of cheapest POS machines in Nigeria.
This is a POS machine that is owned by popular mobile money operator in Nigeria, Palmpay.
Price of Flutterwave POS – N10,000
Flutterwave POS machine is one of the cheapest POS machines you can get in Nigeria by paying N10,000 caution fee.
This is not an outright POS buy but a deposit for you to have the POS and use them for your online financial transactions. It is one of Nigeria’s cheapest POS machines.