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As the world moves towards cashless transactions, the use of Point of Sales (POS) machines has become increasingly popular. One of the players in this field is Kudi, a Nigerian Fintech start-up that aims to make financial services accessible to everyone.
Kudi POS offers a variety of services, including cash withdrawals, bill payments, and airtime purchases. This article will focus on Kudi’s withdrawal charges, machine price, and daily target for 2023.
Users can withdraw cash from their Kudi POS at a charge of ₦50 per transaction. This withdrawal charge covers all withdrawals made in a single transaction, regardless of the amount being withdrawn. This means that if a user withdraws ₦1,000 or ₦50,000, they will still be charged ₦50.
However, Kudi POS users can only withdraw up to ₦20,000 per transaction, and up to ₦100,000 per day. This daily limit is in accordance with the Central Bank of Nigeria‘s regulations governing POS transactions.
Kudi POS machines are available for purchase for a one-time fee of ₦20,000. This price includes the device, training, and technical support. After the initial purchase, users do not have to pay any additional fees or commissions to Kudi.
With this price, Kudi POS machines are affordable to most small business owners and individuals who do not have access to traditional banking services. Additionally, Kudi POS is one of the most portable and user-friendly devices in the Nigerian market, making it a preferred choice for many.
Kudi POS users have a daily withdrawal limit of ₦100,000. However, this does not mean that users must withdraw this amount daily. Instead, it is the maximum amount that can be withdrawn in a day.
Furthermore, Kudi POS does not impose any daily target on users. Users are free to use their devices as they please, without any pressure to reach a specific target. This means that users can set their own pace and can withdraw as much or as little as they need, without any restrictions.
Kudi POS offers affordable withdrawal charges, an affordable device price, and no daily withdrawal target. These features make it a preferred choice for many business owners and individuals who need access to financial services. As the Fintech industry in Nigeria continues to grow, Kudi POS is likely to play a significant role in promoting financial inclusion and reducing the dependence on cash transactions.