FINTECH

How to become a Monie Point POS agent

Published

2 years ago

How to become a Monie Point POS agent

Moniepoint POS offers a handy way to handle financial transactions wherever you are. It ca perform various transactions including money transfer, withdrawal, deposits, bill payment, and more. Getting a POS machine is now quite simple, requiring minimal or no initial investment, and is highly lucrative. Moniepoint stands out as one of the top financial service providers offering top-notch POS services.

Getting a Moniepoint POS machine is considered as a wise business choice as you stand to gain a considerate amount of income with very little capital. If you are wondering how to get Moniepoint POS machine, then you are in the right place. In this article we will discuss about the requirements and procedures involved in getting a Monie Point POS Machine.

How to become a Monie Point POS agent

About Monie Point POS

Moniepoint POS is a financial product from TeamApt, a leading Fintech company in Nigeria, which started in 2019 as a platform for agent banking. Over time, the company has grown into a versatile business solution, supporting many small businesses in Nigeria with services like multi-channel payments, credit, insurance, and financial solutions for agents and banks. What’s important to know is that Moniepoint is fully licensed by NDIC and has PCI DSS certification, ensuring your card data’s safety. Moniepoint is changing the way we carry out financial transactions, emphasizing security, efficiency, and customer-focused financial services.

How to Become a Moniepoint Agent

If you’re interested in becoming a Moniepoint Point of Sale (POS) agent, follow these steps:

Start by visiting the official Moniepoint website at https://moniepoint.com/.
Complete the registration form designed for Moniepoint agents and submit your information.
Confirm your email address and phone number. Within 48 hours of registration, an agent from Moniepoint will contact you.
The agent will provide you with guidance on the necessary procedures. Once you’ve fulfilled the requirements, they will officially designate you as an agent.
Finally, log in to the Moniepoint POS dashboard to access and manage your account.

Documents Required to Register as a Monie Point POS Agent

To become a Monie Point POS Agent, you’ll need to provide specific documents as part of the registration process. These documents include:

A verified business license or CAC documents (for registered businesses only).
Your Bank Verification Number (BVN).
Proof of your residence, such as a PHCN bill.
Your bank account number.
An official identity card, which can be a National ID, Voter’s card, or any other nationally recognized identification card.

How to Get a Moniepoint POS

To obtain a Moniepoint POS, follow these steps:

Go to the official Moniepoint POS website.
Create a business account by signing up and entering the required details.
Inside your account, find the option to request a POS machine. Click on “Add a new POS” and adhere to the provided instructions.
Deposit funds into your account and complete the payment for the machine, which amounts to N21,500.
Your POS device will be delivered to your location within 48 hours.

What are the POS Charges for Monie Point?

Compared to other service providers, Moniepoint offers one of the lowest and possibly the most affordable POS charges in Nigeria. These charges are determined by the number of transactions conducted and are not tied to a specific bank, unlike some other POS services. The standard charge for all banks in Nigeria is a fixed N20.

However, for withdrawals up to N4,000, the fee is a mere N6.2, but this fee increases as the withdrawn amount increases. Moniepoint does not impose additional bank-related fees, setting it apart from many other POS service providers.

Here’s a breakdown of the charges:

Moniepoint charges 0.5% of the transaction amount for withdrawals ranging from N1 to N20,000.
For transactions exceeding N20,000, a flat fee of N100 applies.
Transfers through Moniepoint incur a fixed charge of N20.

For data charges and TV subscriptions, Moniepoint POS offers the following commission rates:

MTN: 3% commission
Glo: 4% commission
DSTv: 2% commission
GOTv: 2% commission
PHCN (electricity): 2% commission
9Mobile: 4.5% commission
Airtel: 4% commission
Star Times: 2% commission

Benefits of Becoming a Moniepoint Agent

Becoming a Moniepoint agent in Nigeria comes with several benefits that make it a great choice:

Quick Payments: Moniepoint ensures you get your earnings without delay with instant settlements.
Lucrative Commissions: Moniepoint offers some of the best commission rates in the country, along with low service charges, which is why over 200,000 merchants have joined. You can be next.
Outstanding Customer Support: Moniepoint has a top-notch customer support team ready to assist you. They’re just an email or WhatsApp message away and respond promptly.
Reliable Network: Moniepoint’s dependable network keeps your POS devices working consistently. This is crucial to prevent business loss due to poor or no network signal.
Multiple Transaction Channels: Moniepoint provides various options for your financial transactions, including a mobile app, debit cards, smart POS, and regular POS machines. It gives you flexibility and convenience.

Conclusion

Becoming a Monie Point POS agent is a smart move with a host of benefits. You’ll enjoy prompt payments, generous commissions, top-notch customer support, and a reliable network. With multiple transaction channels, you have the flexibility to serve your customers efficiently. As you embark on your journey as a Monie Point POS agent, you’re not just joining a platform; you’re joining a community of successful agents and entrepreneurs. The potential for growth and success in the POS business is limitless. So, seize this opportunity, and you could be on your way to a rewarding and profitable venture as a Monie Point POS agent.

Frequently Asked Questions

What’s the cost of a Moniepoint POS machine?

Moniepoint offers its POS machines to eligible merchants for a lease fee of ₦25,000, provided they meet the daily transaction target of ₦20,000.

What transactions can I perform with Moniepoint POS machine?

Cash withdrawal
Fund transfer
Airtime purchase
Utility bills payment

What are Moniepoint POS Usage Rules?

Moniepoint POS Usage Guidelines:

Ensure a minimum of four daily deposits.
Maintain a daily transaction value of at least ₦70,000; failure to meet this requirement may result in the withdrawal of the POS machine.

How can I update my Moniepoint POS machine?

To update your Moniepoint POS machine, follow these steps:

Navigate to the home screen on your POS terminal.
Locate and open the “AppMarket” application.
Find the Moniepoint POS option.
Select “Update.”
Once the update is downloaded, click “Confirm” to install the update.

How can I contact Moniepoint?

You can contact Monie Point 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: support@moniepoint.com
Facebook: https://web.facebook.com/Moniepoint/
Instagram: https://www.instagram.com/moniepoint/
Twitter: https://twitter.com/moniepoint.

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BANKING

Network International appointed as Payment Processing Partner by MTN Group Fintech

Published

2 months ago

Christopher

Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration. Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”

Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.

Distributed by APO Group on behalf of Network International.

About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.

About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.

BANKING

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Published

2 months ago

Christopher

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD, is thrilled to announce the launch of eNsc, a Nigerian Naira-referenced stablecoin pegged 1:1 to the Nigerian Naira. Built on the high-speed Lisk 2.0 Blockchain, eNsc combines monetary stability with blockchain innovation, allowing global investors to securely access tokenized high-yield opportunities like Nigerian Treasury Bills while adhering to regulatory standards.

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Bridging Stability and Innovation

eNsc merges monetary stability with blockchain efficiency, operating within Nigeria’s robust regulatory framework led by the Securities and Exchange Commission (SEC) Nigeria. The SEC has prioritized creating a safe, transparent environment for blockchain innovation, exemplified by its Virtual Assets Regulatory Framework. These guidelines ensure market integrity, investor protection, and alignment with global standards—principles at the core of Prosperavest ESG’s operations.

“Our vision is to bring the Naira on-chain and democratize access to low-risk, high-return opportunities while upholding rigorous regulatory compliance. eNsc is more than a stablecoin—it’s a gateway to financial inclusion, blending the trust of traditional finance with the agility of blockchain.”— RaheemAnikulapo Ibrahim, CEO, Prosperavest ESG LTD

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Key Features of eNsc

1:1 Naira Peg: Backed by reserves held in regulated institutions, eNsc ensures stability and direct convertibility with the Nigerian Naira.
Lisk 2.0 Blockchain: Fast transactions, low fees, and interoperability with decentralized applications (dApps) ensure seamless integration into digital ecosystems.
Compliance Assurance: Built with robust AML protocols, transparent reserve audits, and adherence to Nigerian Securities and Exchange Commission’s (SEC) regulations.
Exclusive Cashback Rewards: For a limited time, users who convert a minimum of $50 via the eNsc Converter at app.prosperavest.com will receive cashback rewards, rewarding early adopters of this groundbreaking stablecoin.

Unlocking Global Investment Opportunities

By tokenizing Nigerian Treasury Bills, eNsc removes geographic and financial barriers, enabling fractional ownership and instant cross-border settlements. This innovation aligns with Nigeria’s growing prominence in Africa’s digital economy, offering investors exposure to stable, yield-generating assets.

A Commitment to Safe, Transparent Finance

SEC Nigeria: Championing Safe Innovation

The SEC has been instrumental in fostering a safe, transparent, and innovation-friendly regulatory environment for blockchain and virtual assets, implementing robust frameworks such as the Virtual Assets Regulatory Framework. Their proactive approach ensures investor protection, market integrity, and alignment with global best practices—a commitment Prosperavest ESG proudly upholds.

“Our compliance and cooperation with regulators is non-negotiable,” added RaheemAnikulapo Ibrahim. “Trust is the cornerstone of financial innovation every aspect of eNsc—from its technical infrastructure to reserve management—is designed to exceed SEC standards, fostering trust in Nigeria’s digital future

Join the Future of Asset Tokenization

eNsc is now live on the Lisk 2.0 Blockchain. Institutions, developers, and investors are invited to:

Explore eNsc at https://prosperavest.com .

Participate in the cashback reward program by converting a minimum of $50 on the eNsc Converter: app.prosperavest.com.

Disclaimer

This announcement is for informational purposes only and not financial or legal advice. Digital asset investments carry risks, including volatility and potential loss. Investors are responsible for their decisions. ProsperaVest ESG Ltd remains committed to SEC compliance and will provide updates on approval status.

Bitcoin

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

Published

2 months ago

Christopher

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX, a globally recognized online CFD trading service provider, has been honored with the prestigious “Best Trading Technology Provider” award at the 2025 BrokersView Award for Brokers with Outstanding Assessment. This recognition solidifies IUX’s standing as a leader in the online CFD trading industry, highlighting its dedication to innovation, user-centric design, and cutting-edge technology—exemplified through its groundbreaking Next-Gen Trade initiative.

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

About the BrokersView Awards

The BrokersView Awards are among the most respected in the trading industry, recognizing brokers that demonstrate outstanding performance, transparency, and technological innovation. The Best Trading Technology Provider award is presented to brokers that go beyond industry standards to offer exceptional trading platforms with advanced features, robust execution speeds, and user-friendly interfaces.

IUX’s win reflects its relentless commitment to providing traders with superior trading tools and an optimized platform, setting a benchmark for excellence in the CFD trading sector.

“We are deeply honored to receive this recognition from BrokersView,” said an IUX spokesperson. “This award highlights the hard work and dedication of our team in creating a platform that empowers traders globally. We will continue to drive innovation and deliver exceptional value to our users.”

Next-Gen Trade: Powering IUX’s Award-Winning Technology

A significant factor in IUX’s recent success has been the launch of Next-Gen Trade, a comprehensive initiative aimed at redefining the trading experience. This customer-focused project delivers cutting-edge technology and empowers traders with tools designed for speed, stability, and precision.

Core Features of Next-Gen Trade:

Ultra-Fast Execution: Trades executed in as fast as 30 milliseconds, giving traders an edge in volatile markets.
Consistent Spreads: Advanced spread management technology ensures stable spreads, even during major market events.
Customer-Oriented Features: Tools and resources tailored to help traders navigate complex markets with ease.

Next-Gen Trade exemplifies IUX’s commitment to enhancing the trading experience, directly contributing to the platform’s recognition as Best Trading Technology Provider.

Looking Ahead

The Best Trading Technology Provider 2025 award represents a significant milestone for IUX but is just one step in the company’s journey. IUX remains committed to continuous innovation, focusing on enhancing the trading experience for its global user base through further advancements in initiatives like Next-Gen Trade.

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Learn about IUX’s advanced trading solutions: Visit IUX

About IUX

IUX, operated by IUX Markets Limited, is a leading online CFD trading broker —IUX is committed to providing a secure, transparent, and user-focused trading experience to traders worldwide.

Disclaimer

Trading CFDs involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks involved before trading.