How to Launch a Pos Company With Kuda Bank
Do you intend to launch a POS company? Do you wish to learn how to launch a POS company with Kudi? If so, this article is for you.
It is relatively simple to launch a POS business, especially with Kuda, formerly Kudi Bank and now Nomba Bank. You can register in only a few easy steps, and you’ll get POS for nothing.
What is Kuda bank (currently known as nomba)?
A registered fintech service provider, Kuda bank (now Nomba), focuses on offering mobile and cashless financial transaction services in Africa. They are currently among Nigeria’s top providers of point-of-sale services. Kuda is currently known as Nomba.
Getting registered as a Kuda agent merely only a few easy steps. You can also receive a Point of Sale terminal device and become an agent with them without paying a dime!
The fact that Kuda offers lesser fees per transaction sets them apart from other POS service providers. They only charge 0.7% for each transaction that one of their agents completes.
Services That Kuda Agents May Provide
You have a wide range of transactions you can carry out on behalf of clients if you’re a registered Kuda POS agent. Customers are charged a set fee for each transaction. A few of these are:
- Using an ATM card (Visa, Verve, and Mastercard accepted by Kuda)
- Transferring money to any bank in Nigeria
- Verifying a bank account’s balance
- Data subscription and airtime top-up
- Cable membership (DSTV, Gotv, Startimes, and so on).
- Bills must be paid (electricity, water, and other bills).
How Much Will It Cost Me To Launch A POS Company With Kuda?
You must be aware of the startup fees before starting any firm. Being a Kuda agent is free; there are no fees associated with it. Simply register on their website or app to get started.
Additionally, obtaining a Kuda POS device is cost-free. However, before Kuda will give you a POS machine for free, you must meet a few requirements.
You must first register as an agent with Kuda in order to receive a free POS machine. After then, you must have used Kuda for a number of transactions. To demonstrate your sincerity and readiness for business, do this. You will receive instructions on how to get your free POS once your transaction history has been verified as satisfactory.
By signing up with Kuda as an agent, you can also obtain a Kuda POS device. After that, you submit your application for a free POS machine. However, before the machine is given to you, a N20,000 caution fee must be paid.
Conditions For Becoming A Kuda(Nomba) Agent
-A working telephone number
-Genuine ID (NIN or other means of identification)
-A local checking account
–BVN (Bank Verification Number) (Bank Verification Number)
How To Become An Agent For Kuda POS
1- For iOS users, you may download the Kuda app from the App Store or Google Play.
2- Register using your phone number and other details.
3- Next, connect your new Kudi account to your bank account.
4- Ask to be appointed as an agent.
5- Complete and submit the online form.
6- Apply for a POS machine after your application has been approved.
You must pay N20,000 as a caution charge in order to obtain a POS machine. You will then be informed when your POS device is prepared for pickup (usually a few days after).
Compared to some other service providers, starting a POS business with Kudi is significantly less expensive. The best feature is that they run efficient customer care services with the Kudi chatbot, allowing you to quickly file a complaint about transactions and receive a response.
Additionally, they have extremely minimal transaction fees. Kuda is one of the best platforms for potential POS agents looking to increase their revenues as a result.
They changed the name from Kudi to Nomba in the beginning of current year, 2022.
Because Kuda’s Physical Pos is not yet ready, the bank has added a pos to their app.
You must fulfill the requirements in order to utilize this.
The users must have Kuda Bank business accounts.
According to the Bank, Android phone users are currently the only ones who can utilize this SoftPos.
Would you like the Kuda Bank app to download? visit the Google Play store here.