CAC Registration for POS Agents: The 2026 Guide
6 min read · Updated 30 July 2026
Why POS agents need CAC registration in 2026, which structure to choose, which names to avoid and how to get your certificate in 24 hours.
Why POS operators must register
Following CBN and fintech-provider directives, POS agents increasingly need a registered business name to onboard with Moniepoint, OPay, Palmpay and others, open business accounts and avoid terminal deactivation.
Business name or company?
For most individual POS agents, a business name is enough. If you run multiple outlets or plan to become a super-agent, an LLC is more suitable.
Naming rules for POS businesses
Avoid words that imply a licensed financial institution:
- Bank, Microfinance, Finance House
- Federal, National, Nigeria
- Insurance, Mortgage
How to register your POS business
Choose 'POS / Financial Services' as your category, describe the business as 'agency banking and payment services on behalf of licensed institutions', and submit your NIN and ID. Our 24hr Express package includes a free TIN, which many providers now require.