For years, Nigerian point of sale (PoS) agents have relied on a multi-terminal strategy, lining up devices from OPay, Moniepoint, and other providers on their counters. The setup allows them to switch networks whenever one fails or an ATM card proves difficult to read.
But that flexibility is about to disappear. On April 1, 2026, a new rule from the Central Bank of Nigeria (CBN) takes effect, forcing PoS agents to operate under a single principal.
The rule has effectively put Moniepoint and OPay, Nigeria’s leading PoS merchant acquirers, in a race to retain agents.
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Last updated: March 11, 2026
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