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…Urge FG to support digital/tech sector
By Henry Uche
With the double digits unemployment rate in Nigeria, digital and technology sector seems to be a succor to energetic but unemployed youths in recent times.
Given the upsurge of Fintech companies in Nigeria, not a few people have taken the advantage of agency banking to become self employed even in the midst of excruciating economic reality.
Speaking with some Point of Sale (POS) agents in some selected commercial areas, they recount benefits gained since joining PalmPay.
Victor Ogunna who runs an agency banking in Anambra said, “Indeed, PalmPay dey pay. I joined in 2019 when the company started operation, and since then, I have not looked at or considered another POS brand except PalmPay. I’m happy to become a PalmPay agent. I have had no need to look for a job and yet has been able to meet his financial obligations”
He revealed that working as a PalmPay agent has allowed him to contribute to his community by helping to bridge the financial inclusion gap that was once noticeable among the residents.
“Since there are no banks in the community where I stay, and the closest one is several kilometers away, as a PalmPay agent, I help other residents to perform transfers and other transactions, such as bill payments and airtime top-ups.
“PalmPay POS is the best because they gave me the best benefits compared to other companies. Their network is swift, and transactions are seamless. There is also the high bonus and commission as well as instant payout.” he maintained.
In Bariga, Lagos State, Damilola Taiwo, another PalmPay agent, when asked her experience as an agency banker, she had positive commendations for the fintech company.
“PalmPay has been very good to me. Compared to other POS brands. Their POS terminal is durable and their network is very fast and reliable. PalmPay has the lowest fees in terms of withdrawal charges.
“So I urge state and federal government to show sense of responsibility by creating the enabling environment for the digital and technology sector to thrive. Also young Nigerians looking to get into the agency banking business should join PalmPay” she implored.
Asked why becoming PalmPay agent and recommending same, Victor said his reason was due to the fintect brand’s suite of offerings.
As a POS agent for the fastest-growing fintech company in Nigeria, with over 1.1 million businesses comprising 500,000 agents and 600,000 merchants across the country, he said, “I have been able to provide for my family without begging anyone for help.
“The company has the best offering for any POS agent. Aside from earning a commission on each transaction, PalmPay POS agents have the rare opportunity to contribute to bridging the financial inclusion and literacy gap within the communities in which they operate.
“Also, in the entire fintech industry, they have one of the best POS networks, ensuring seamless connectivity and setting itself apart as the superior choice for agents in terms of providing high-quality, efficient, and secure service,”
Continuing, Victor affirmed; “When it comes to charges, unlike other POS terminal providers, PalmPay charges you based on the number of daily transactions you execute, ensuring transparency and fairness.
“For instance, a withdrawals between N1 to N20,000, a fee of 0.5% is charged based on the total transaction amount. A flat rate fee of N100 is applied for transactions above N20,000, regardless of the transaction amount.
“Also, transfers between PalmPay agent accounts are free, with transfers to other banks incurring a flat fee of N20, but there’s an opportunity you could earn up to N6 cashback on each transfer.
“That is not all! PalmPay also offers exciting incentives for high-star-level agents. Agents who achieve a high-star level can enjoy up to 0.1% cashback on their daily card withdrawals.
“This means that you can earn up to 0.1% cashback on every withdrawal transaction. For example, a withdrawal of N20,000 would earn you a cashback of N20, reducing the effective fee rate to 0.4% and the actual cap fee to N80.
“With one of the highest cashback rates in the industry, PalmPay ensures that their agents are rewarded for their efforts. It’s just another way PalmPay goes above and beyond to appreciate its agents,” an exciting Victor said, adding that he’ll always recommend the PalmPay POS any time any day and above other POS terminal brands out in the ecosystem.
Becoming a PalmPay agent
With over 500,000 agents across 774 local government areas in Nigeria, PalmPay has established a vast network of trusted financial service providers in different marginalised communities.
Becoming a PalmPay POS agent opens doors to exciting possibilities, allowing anyone to embrace true independence that comes from being an entrepreneur and providing essential financial services to the unbanked and underbanked members of your community. Visit https://palmpay.com/agent/pos, fill your personal and business details, submit and wait for approval.
