The Corporate Affairs Commission has made a public notice regarding POS operations. All POS operators in Nigeria are mandated to register with CAC before January 2026. This guide you walk through the process of doing CAC registration for your POS business online.
What is POS CAC Registration in Nigeria?
POS CAC registration is a process of registering every POS terminal with the Corporate Affairs Commission in other to stay compliant and carrying on smooth and effective business operations.
Since POS operators are in business, it is important to get registered and obtain the right documents in other to stay on the side of law.
Is CAC Registration Compulsory for POS Agents in 2026
Understand that POS has been the beck rock of financial transactions in Nigeria. From withdrawals to deposits to transfers, almost every business now uses a POS device for transactions.
It has been over 3 years I last made a withdrawal via ATM. The rise of POS devices has not just revolutionize financial transactions but the entire banking sector at large.
A lot of banks are now optimizing their software programs and processes to ensure smooth and effective online transaction processes.
The rise of Point of Sale (POS) devices has provided a business opportunity for people to earn decent income by becoming aggregators, operators and merchants by offering withdrawal and deposit services.
Due to this huge impact, The Corporate Affairs Commission has mandated every POS operator in Nigeria to register and obtain the certificate to operate.
With the rise of insecurity in the country and the use of POS terminals to extort people and commit all kinds of financial crimes, this move will discourage such act.
Furthermore, this registration will not just help CAC but other security agencies in finding the people behind these POS businesses in cases of security investigations.
Which POS Terminals Should Register With CAC?
The following POS terminals should register with CAC;
- Moniepoint POS device
- Opay POS terminals
- PalmPay POS terminals
- DotPay POS terminals
- FirstBank POS terminals
- All other POS terminals operating in Nigeria
Types of CAC Registration Suitable for a POS Business
CAC operators can choose to register either as
- Business Names
- Limited Liability Companies (LTD)
Business name is a suitable category for small POS businesses that operates in local areas with low transaction flow.
Company, on the other hand, is the best category for POS operators that engage in high volume of transactions monthly.
Some shop owners do not engage in withdrawals, but only use POS devices only to receive cash in their business.
If you belong to this category, then all you need to do is register your shop properly with CAC and use the CAC documents to order for a POS terminal from any reliable aggregator.
Lastly, If your POS business engages in large volume of transactions, and you don’t want to pay high taxes in 2026, then register it as a company.
Companies with annual turnover below 50 million will pay 0% tax rate in 2026 as compared to business names that will pay 15% taxes on income above ₦800,000 annually.
Benefits of Registering Your POS Business With CAC
- Strong business credibility: Customers and government will trust your business
- Legal recognition: Your business will have a legal identity
- Protection against fraud: It will discourage fraudulent activities
- Access to grants and loans: With your CAC documents, you can secure grants and loans
- Less taxes: You can use the tax laws in your favour and pay less taxes.
POS CAC Online Registration Requirements
Before you can register your POS business with CAC, you must have the following
- A brand name you want to use for your POS business. E.g Archibong POS connect, Nelly POS Services, Atimskid Connect
- Business address. This is the location where your POS device operates
- Details of business owner such as name, address, age, occupation
- Means of ID of the business owner, e.g NIN Card, International Passport or Driver’s License
- Nature of POS business activities
- A consultant to handle your registration
- Pay the CAC Registration Fee
Contact Legacy Benjamin Consult on WhatsApp @ 08066108299 for your POS CAC registration swift, fast and easy
Guide To POS Business CAC Registration Online
You can register your point of sale business online yourself without the help of anyone. However, this process is very risky if you don’t have experience.
Below is the process to follow;
- Visit the CAC online portal
- Create an account with your details (if you are the owner of the business)
- Conduct a proper name availability check
- Reserve your business name by making payment
- Fill in the Pre-Incorporation CAC registration form online
- Upload your means of ID and signature
- Make payment and submit.
- Wait for approval and certificate
CAC Cost for Registration of a POS Business Online
Understand that CAC increased their statutory fees on the 1st of October this year (2025). This means that old fees for registration are no longer applicable.
POS business CAC fees in Nigeria now varies from ₦30,000 to ₦40,000 depending on the consultant doing the registration for you.
After CAC Registration: What Next for a POS Business
For those, who are just getting started with the business of point of sale, below are the things you have to do
- Getting a POS terminal from providers
- Opening a corporate bank account for your POS operations
- Setting up for agency banking
- Setting up a banner and business location.
Possible Registration Issues: My Professional Experience
CAC has mandated all POS operators to register with the commission and obtain documents of registration.
The problem now is that CAC migrated to an AI powered portal a few months ago. This migration removed the flexibility of manually typing in the business description.
Before the upgrade, the correct specific nature of business operation was ”POS Agent Services”
However, with the scrapping off of the ability to manually edit the business description, it leaves a vacuum and a huge question regarding which category of business fits for POS operators.
It will not make sense to choose general contracts as a nature of business during CAC registration. That will require EFCC SCUML.
Same as it will not be proper to select other personal service actives as a business description as it does not expressly state what the business is into.
Other service actives can even mean illegal and criminal activities that go against CAMA since the activities are not expressly stated on documents.
Lastly, most POS businesses operates as SMEs. Not all of them can afford to register as a company.
So what’s the solution?
Unless CAC reverts to editing nature of business, otherwise this issue will linger for a long time and cause both POS operators and Consultants headache.
FAQs On CAC Point of Sale Business Reg in Nigeria
Q: Is CAC registration compulsory for POS agents in 2026?
A: Yes. CAC has instructed all POS operators to register or before January 1st or face being blocked from carrying on transactions.
Q: What type of CAC registration is best for a POS business?
A: Business Names
Q: What documents do I need for POS CAC registration?
A: You will submit ID, bio, and signature of the business owner and details of business
Q: How much does it cost to register a POS business with CAC?
A: It cost between ₦30,000 to ₦40,000
Q: Can I register my POS business online without a consultant?
A: Yes. But due to the risk involved, higher a consultant
Q: Do POS operators need SCUML in 2026?
A: Yes. If they choose general contract as nature of business
Q: Does CAC operators need to register as a finance company (20 million shares)
A: No. Even though POS agents engage in transactions, CAC does not classify them as finance companies.
Q: Does CAC registration help me get a POS terminal?
A: Yes. It will boost your chances
Q: How long does POS CAC registration take?
A: 7 to 10 working days
A: Is a corporate bank account required for a POS business?
A: Yes.
Can I register multiple POS terminals under one CAC registration?
A: Yes
Conclusion:
I hope this guide has given you an insight into the requirements, cost and why you must get your POS terminal registered with CAC going into 2026.
You can contact us directly to handle your registration without stress. Leave a comment below
