Kudi Financial Services is a Nigerian financial technology company that provides various digital financial services to individuals and businesses. The company was founded in 2016 by Adeyinka Adewale and Pelumi Aboluwarin, with a mission to make financial services accessible and affordable to everyone in Africa.
Kudi offers a wide range of financial services that include bill payments, airtime recharge, money transfer, and POS services. Their services are available through a mobile app, USSD code, and agent network. Kudi has built a strong agent network across Nigeria, which enables them to provide financial services to individuals and businesses in remote areas where traditional banking services are not easily accessible.
One of Kudi’s most popular services is the Kudi POS, which is a point-of-sale device that allows businesses to accept card payments from customers. The device is affordable, easy to use, and comes with a range of features that make it ideal for small and medium-sized businesses.
Kudi has changed its name to Nomba. Are you interested in getting kudi Pos, then read carefully the details below.
Step 1: Visit the Kudi website
Go to www.kudi.com, which is the official website of Kudi Financial Services. Once you are on the website, navigate to the “POS” section. You can also find information about Kudi’s other financial services, such as bill payments, airtime recharge, and money transfer.
Step 2: Apply for Kudi POS
Fill out the application form for Kudi POS with your personal and business details. You will be required to provide information such as your full name, phone number, email address, business name, and location.
You will also be asked to specify the type of business you run, such as a supermarket, retail store, restaurant, or any other business that involves accepting payments from customers. This information will help Kudi determine if you are eligible for a POS device.
Step 3: Provide necessary documents
Once you have completed the application form, Kudi will review your application and contact you if you meet their requirements. If your application is approved, you will be required to provide some documents to complete the process. These documents may include:
- A valid means of identification, such as a national ID card, driver’s license, or international passport.
- Proof of address, such as a utility bill or bank statement.
- A business registration certificate, such as a CAC certificate or BN number.
Step 4: Pay for the POS device
After submitting the necessary documents, you will be required to pay for the POS device. You can pay for the device using a bank transfer, mobile money transfer, or any other payment method supported by Kudi.
Kudi POS is N20,000 as a cautionary fee for you to get the POS from them. This cautionary fee is so that you won’t damage the POS. Paying this fee does not mean you have bought the POS. Because if you did not perform up to expectation, they will collect the POS back from you .
Step 5: Receive the POS device
Once your payment is confirmed, Kudi will send the POS device to your address. The device will come with a user manual that will guide you on how to set it up and use it for your business transactions.
Kudi POS charges
Kudi charges is 0.6 to 0.5 percent on withdrawal, categorized based on your transaction volume per month. and N20 flat on average on every deposit of any amount
There are 3 categories of Agents on Kudi
- Gold merchant: >10Million transaction volume in the last 30 days (this includes all transaction withdrawal, deposit, bill payment and airtime recharge)
- Silver merchant: >=3Million <10Million i.e between 3 million to 10 million transaction volume in the last 30 days (this includes all transaction withdrawal, deposit, bill payment and airtime recharge)
- Bronze merchant: <3Million transaction volume in the last 30 days (this includes all transaction withdrawal, deposit, bill payment and airtime recharge)
Kudi Withdrawal charges for Gold Merchant ( >10Million transaction volume in the last 30 days )
Below is the full breakdown of Kudi withdrawal charges for Gold merchants. Deposit is N20 flat for any amount
N1000 charges is N5
N2000 charges is N10
N3000 charges is N15
N4000 charges is N20
N5000 charges is N25
N6000 charges is N30
N7000 charges is N35
N8000 charges is N40
N9000 charges is N45
N10,000 charges is N50
N11,000 charges is N55
N12,000 charges is N60
N13,000 charges is N65
N14,000 charges is N70
N15,000 charges is N75
N16,000 charges is N80
N17,000 charges is N85
N18,000 charges is N90
N19,000 charges is N95
Any amount above N20,000 charges is N100 (even though it is N200,000)
Kudi Withdrawal charges for Silver Merchant (between 3 million to 10 million transaction volume in the last 30 days )
Below is the full breakdown of Kudi withdrawal charges for Silver merchants. Deposit is N20 flat for any amount
N1000 charges is N5.5
N2000 charges is N11
N3000 charges is N16.5
N4000 charges is N22
N5000 charges is N27.5
N6000 charges is N33
N7000 charges is N38.5
N8000 charges is N44
N9000 charges is N49.5
N10,000 charges is N55.5
N11,000 charges is N60.5
N12,000 charges is N66
N13,000 charges is N71.5
N14,000 charges is N77
N15,000 charges is N82.5
N16,000 charges is N88
N17,000 charges is N93.5
N18,000 charges is N99
N19,000 charges is N104.5
Any amount above N20,000 charges is N110 (even though it is N200,000)
Kudi Withdrawal charges for Bronze Merchant ( less than 3Million transaction volume in the last 30 days )
Below is the full breakdown of Kudi withdrawal charges for bronze merchants. Deposit is N20 flat for any amount
N1000 charges is N6
N2000 charges is N12
N3000 charges is N18
N4000 charges is N24
N5000 charges is N30
N6000 charges is N36
N7000 charges is N42
N8000 charges is N48
N9000 charges is N54
N10,000 charges is N60
N11,000 charges is N66
N12,000 charges is N72
N13,000 charges is N78
N14,000 charges is N84
N15,000 charges is N90
N16,000 charges is N96
N17,000 charges is N102
N18,000 charges is N108
N19,000 charges is N114
Any amount above N20,000 charges is N120 (even though it is N200,000)
How much commission does Kudi give on services
Here are the commissions Kudi will pay you as an agent when you buy airtime, or pay for Tv subscription for a customer or pay electricity bill for customers
MTN 2% commission
Glo 2% commission
Etisalat 2% commission
Airtel 2% commission
FOR TV Subscription.
DStv 2% commission.
GOtv 2% commission.
PHCH 2% commission.
Startime 2% commission.
If you have questions or need further assistance, write it in the comment and we will get back to you