POSP stands for “Point of Sale Person” or “Point of Sell Person.” A POSP is an individual who plays a crucial role in facilitating financial transactions or sales directly to customers at a physical location, often in a retail or business setting. They are responsible for processing payments, providing information about products or services, and ensuring a smooth and efficient customer experience at the point of sale. In the context of the BFSI (Banking, Financial Services, and Insurance) industry, a POSP may also refer to someone who promotes and sells financial products and services such as insurance policies, investment products, credit cards, and more.