LOTUS Bank

Point of Sale Terminal

Our POS terminals offer online, real-time collections management services as merchants are guaranteed safe and secure payment processing.

Features & Benefits

Collections management
Receive instant value for payments made
Reduced cash handling charges
Improved account reconciliation
Eliminates the hassles of clearing & confirming cheques

Eligibility

You must have a Lotus Business Account (Savings or Current)

How to apply

Click here to fill the POS Enrollment Form
Contact us via Email

Merchant Payment

Merchant settlement is T+1. Settlement for transactions is completed a day after the day of the transaction.
Transactions done on Fridays and weekends get settled on Monday.
Transaction settlement is done as a bulk sum and not per transaction.

Viewing of transactions & Statement Generation

Merchants can view transactions and generate statements through LOTUS Grit.
Sign up to LOTUS Grit here
Once sign up is complete, you can log in using your valid username and password to view transactions and generate statements.

** Kindly click the button below to download the POS Merchant Application Form.

Download Now

LOTUS Grit

Welcome to our web-based payments and collections solutions for small business and corporate organizations.

Secure payment transactions
A single view of all accounts, statement, and transaction history within the bank on the platform
Carry out transfers using NIP and NEFT,
Create domestic and international payments from a single solution
Custom duty payments for both import and export products
Access to payroll manager and salary payments through a single platform
Card Services- Request, set limit and block cards
Future value date – Schedule future payments while recipients receive funds on a set date.
Cheque Services- request for a cheque book, confirm and stop cheques
FX Bidding

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