Moniepoint Pos Business

how to start pos business in Nigeria with moniepoint

Becoming a POS agent is one of the best and profitable businesses you can stat right now because of the high demand by the Nigerian public for alternative channels for financial service

The long waiting lines in banking halls and around ATM places are forcing people to seek alternative ways to carry out their daily financial transaction and this has made the POS shops to spring up nearly in every street and also made it very lucrative

If you are a new graduate or currently trying to expand your source of income, starting a your pos business can be a good decision

And with Moniepoint, starting your mobile money business is simply straight forward, you will get a pos machine with low charges and all the support you need if you encounter problems

What is Moniepoint?

Moniepoint is a CBN approved Fintech/MFB that provides banking solutions to businesses and individuals within Nigeria and one of such solutions is their pos machines that empower individuals to become mobile money agents helping people to make daily financial transactions without the stress of waiting in banking halls and ATM points.

Moniepoint Pos Machine and How to Apply?

Getting the moniepoint pos machine is easy and straightforward and you can get started by applying online through their website or by visiting their office and one of the agent will be available to guide you

Documents you need before You Apply as Agent

You will be asked to provide the following documents:

  • Valid Business license
  • Bank Verication Number – BVN
  • Valid Bank account number
  • Utility bill (Nepa bill etc)
  • Means of identification (National ID, Voters card and others)

Related Article: Access Bank Payday Loan and all you need to know

How to Login to Your Dashboard

After you have been successfully approved as agent, the next step is to login to your dashboard and access all relevant information fort your business including charges, transaction limits and much more

How to Login?

  • Download the moniepoint mobile app from the google playstore to access your dashboard
  • You can also login through your smartphone browser (Chrome, firefox, opera etc)

Moniepoint Pos Charges

Their pos daily transaction charges is usually low that’s why many people prefer them, the charge for minimum withdrawal is N6.2 and the charges increase as you withdraw more money

How to resolve the Daily Transaction Limit?

For starter agent, moniepoint has a daily transaction limit you must not exceed and once you exceed the limit, it’s time to upgrade to the business level and that will require you doing the KYC level

You can visit their official website to upgrade to the business level and remove that limit or contact their office and a staff will assist you

Related Article: How to get Loan from Palmcredit with no Collateral

Moniepoint Agent Support

You can get support through the following:

You can contact the company through any of the following means:

Office Address: 2 Wole Ariyo St, Lekki Phase 1, Lagos, Nigeria.

Phone: +234 814 150 0017 (Whatsapp only)

Email: [email protected]




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