Moniepoint Pos Business

How to Start POS Business in Nigeria with Moniepoint

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

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

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

And with Moniepoint, starting your mobile money business is simply straightforward; you will get a POS machine with low charges and all the support you need if you encounter problems.

Are you ready to secure your future with a well-laid plan? Kickstart your journey with our POS business plan, which includes a detailed 3-year financial projection and can be a key tool in securing the necessary funding. Start your journey to financial success here.

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.

Their point-of-sale (POS) software allows businesses to accept electronic payments from customers using debit cards, credit cards, and mobile wallets.

The Moniepoint POS software is easy to use and has a user-friendly interface. It can be downloaded on Android smartphones or tablets, and it supports various payment methods such as Visa, Mastercard, Verve, and mobile wallets like Paga, OPay, and MTN Mobile Money.

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,e where one of the agents 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 Verification 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 an agent, the next step is to login to your dashboard and access all relevant information for your business, including charges, transaction limits, and much more.

How to Login?

  • Download the Moniepoint mobile app from the Google play store to access your dashboard
  • You can also log in through your smartphone browser (Chrome, firefox, opera, etc)

Moniepoint Pos Charges

Moniepoint POS daily transaction charges are usually low, which is 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 agents, 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, which will require you to do 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 member 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]




Don’t miss the opportunity to navigate your business towards financial stability. Opt for our Microfinance Bank business plan, which not only offers a comprehensive 3-year financial projection but also serves as an excellent resource for securing funding. Secure your plan and your business’s financial future today.

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