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Bankly POS Machine Price In Nigeria



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Bankly POS Machine Price In Nigeria – In today’s fast-paced digital world, having a reliable Point of Sale (POS) machine is crucial for businesses. One such reliable option emerging in Nigeria is the Bankly POS. Let’s dive into its details.

Introduction to Bankly POS

Have you ever been in a situation where you needed an efficient POS system? If you’re exploring alternatives to PalmPay or MoniePoint, Bankly POS might just be the solution you’re looking for. With several players like Opay and Kuda already in the market, Bankly is carving a niche for itself, especially for those considering a foray into the POS business. See Paycenter POS Machine Price and Charges 2023

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Alternatives to Bankly POS

While there are popular options like Opay and Kuda, Bankly stands out as a formidable choice for both POS operators and those aspiring to join the POS industry.

About Bankly

Bankly isn’t just another name in the market. It’s a trademark of 5554 Technologies Limited Ltd, registered with the Nigerian Corporate Affairs Commission. Stationed at 1004 Housing Estate, Eti-Osa, Lagos, Bankly offers a plethora of financial solutions tailored for Nigerians. From bill payments, cash deposits, and fund transfers to withdrawals, Bankly promises a smooth business experience. See Paga POS Charges And Commission

How to Obtain a Bankly POS Machine

Getting your hands on a Bankly POS machine is straightforward. You can either head to their main office in Lagos or contact an authorized agent near you. Alternatively, their website offers an easy onboarding process. Typically, acquiring the POS takes anywhere from a day to a week.

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Becoming a Bankly Agent

Thinking of becoming an agent? Start by downloading the Bankly Agent mobile app. Once you’ve registered and provided the necessary KYC details, a support personnel will verify your details, and you’re all set! Learn about Baxi POS Customer Care Whatsapp Number, Contact Email

Requirements for a Bankly POS

Before you jump in, ensure you have the following:

  • A valid ID (International Passport, National ID, or Voters Card)
  • Recent Utility Bill
  • Business License (only for registered businesses)
  • Valid BVN and Bank Account Number
  • An active email address

Cost of Bankly POS

The Bankly POS machine is priced at N25,000. Interestingly, N10,000 of this amount is refundable should you decide to return the machine in good condition. However, it’s essential to note that the POS isn’t for sale. If you don’t meet the target of 30 transactions per day (both withdrawals and deposits), the company reserves the right to reclaim the POS.

Bankly POS Charges

Bankly boasts of competitive charges. For withdrawals, they charge a nominal 0.5%, and deposits come at an average fee of N20. This means for every N1000 withdrawn, there’s a N5 charge. Transfers between N100 to N2000 attract a N10 fee, while amounts above N2000 are charged at N20.


In a market flooded with POS options, Bankly POS stands out with its affordable charges and user-friendly terms. If you’re on the lookout for a reliable POS machine, Bankly is undoubtedly worth considering. This How to Become a Baxi POS Agent


  1. Is the Bankly POS machine for sale?
    • No, the machine is not for sale. However, it’s provided to agents with specific transaction targets.
  2. How long does it take to get a Bankly POS machine?
    • It typically takes between a day to a week.
  3. Where is Bankly’s head office located?
    • It’s located at 1004 Housing Estate, Eti-Osa, Lagos.
  4. What’s the charge for transferring amounts above N2000?
    • The charge is N20.
  5. Can I return the Bankly POS machine?
    • Yes, and N10,000 of the initial amount is refundable if the machine is in good condition.

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