Moniepoint
Moniepoint
Solution Overview & Benefits
Moniepoint is a digital banking and financial services platform designed to make banking easier and more inclusive for people and businesses in Africa. Through its network of agents, point-of-sale (POS) devices, and mobile apps, Moniepoint enables users to send and receive money, pay bills, access credit, and manage their finances securely and affordably.
Key Features:
- Banking for the underserved: Offers full-service digital banking to individuals and small businesses, especially in rural and peri-urban areas.
- Agent network: A large and growing network of agents across Nigeria, allowing access to financial services without needing to visit a bank.
- Business support: Tools to manage inventory, track transactions, and access small business loans.
- Secure payments: Fast and secure mobile payments, with strong fraud prevention measures.
- Reliable infrastructure: High uptime for POS transactions, ensuring dependable service.
History & Development
Moniepoint was launched by TeamApt in 2019 to address the lack of accessible and reliable financial services in Nigeria. Recognizing that millions of people were excluded from traditional banking, the company set out to empower local agents with digital tools to serve their communities. Since then, Moniepoint has grown rapidly, becoming one of Africa’s largest non-bank financial services platforms. In 2023, it rebranded from TeamApt to Moniepoint to reflect its core mission more clearly.
Availability
- Availability: Nigeria, Kenya, expansion plans for other African countries
- Pricing: No upfront cost to register. POS devices and transaction fees vary.
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