AjoCard loans, POS and financial solutions review

AjoCard is a Lagos-based financial technology company that has found a way to include Nigeria’s already banked and unbanked population in its wide range of financial services.

The Fintech startup provides services including agent banking, loans, daily contribution and health insurance.

AjoCard, through its Android App affords their agents the opportunity to serve their immediate neighbourhoods with easy and quick financial services, while earning a commission on each transaction they perform.

AjoCard POS and agent banking

The major service AjoCard offers is its POS operations. Through a network of agents, the Fintech company brings financial solutions to underserved communities, and these agents in turn earn a commission on each transaction they perform.

How do I register as an Ajocard POS agent?

Becoming an AjoCard Agent is easy. Here are the steps required;

  1. Visit the Agent’s registration portal at, fill and submit all the required information and documents
  2. Pay for your AjoCard mPOS device and receive or pick up at the indicated location.
  3. Start Performing Transactions

According to the company, you can earn up to 100k+ monthly as an AjoCard agent, when people withdraw cash from you, using their bank cards on our mobile POS (mPOS)

To Register and get started, fill the agent registration form on their portal at
You will be required to submit contact details, a selfie, BVN, valid ID and a Utility Bill or proof of address

How to get AjoCard mPOS machine
After you’ve registered as an agent, you will be required to pay a commitment fee of only ₦20,000, to get your mPOS device

Training & Promo
AjoCard organizes training sessions in select locations to learn how to grow your agency business and get branded promotional materials. You can attend one if you feel the need to otherwise, you can obtain your mPOS and terminal ID, then begin operations 48 hours after your application has been approved

As an agent, you should download the Ajocard Android app via Google Play store to enjoy cheaper transaction charges for withdrawals and transfers. On the App, transactions have a 99.9% success rate.

AjoCard app also comes with the following advantages

-> Connect seamlessly to your AjoCard mPOS device
-> Log in with your phone number
-> Perform withdrawal transactions and get real-time funding back into your AjoCard wallet
-> Perform transfers easily
-> Get details of all receipts on your transaction list
-> Share images with your customers via WhatsApp, Bluetooth, email and more
-> View a list of withdrawals
-> View a list of transfers out of your wallet
-> View your wallet balance

AjoCard loans

AjoCard offers short-term loans to small businesses which they can repay in the form of daily contribution. The loan is not meant for personal use but for SMEs and businesses can access up to N20,000 at the minimum for a start to N100,000 maximum.
AjoCard loans are short-term with a maximum repayment period of just 23days.

How to get AjoCard loans?

There are lending agents who receive up to N250,000 from the company for further disbursement.
To get the loan, you need to visit An AjoCard lending agent which is any mobile money agent transacting with AjoCard. He/she will be responsible for onboarding customers onto the lending program. The agent will be responsible for assessing applicant’s businesses and deciding how much loan they receive.

Frequently Asked Questions

How much money can I make as an agent?
Agents can make over ₦100,000 per month depending on their location. Many agents place themselves at the intersection of commerce and traffic, so markets and main commuting junctions allow them to serve transactions to underserved consumers on-the-go.

Is AjoCard legit?

Yes, AjoCard is legit. The company started its operations in 2018 and are registered with the Corporate Affairs Commission (RC 1507534). Additionally, AjoCard also owns a microfinance bank (MFB), which is where all customers’ savings are held. All customers’ savings in the MFB are insured by the Nigerian Deposit Insurance Corporation (NDIC).

Ajocard POS charges

The company charges the following fees for its POS service

  1. ₦20,000 commitment fee to get a POS delivered to you
  2. 0.49% fee on cash withdrawal transaction (stamp duty on transactions from ₦10,000 and above)
  3. ₦10 on all bank transfers
  4. ₦100,000 per withdrawal limit

AjoCard office address and customer support number?

AjoCard Limited. 101 Borno Way, Yaba, Lagos, Nigeria

Website –
Phone Number – 09078767326
WhatsApp – 09069736539
Twitter –
Facebook –
Instagram –
Email –


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