Moniepoint is another mobile money merchant that uses Point of Sale (POS) machines as their main device for collection and other transactions. Just like OPay, Access Closa, UBA Moni, and so on, POS devices are deployed to agents who have been vetted in a rigorous Know Your Customer (KYC) process. The high-level KYC has now ensured the security and reliability of Moniepoint and the others. Moniepoint has handed agents an opportunity to become a “mini-bank” for their immediate neighbourhood and earn good money from the commissions.
Moniepoint is a fast-rising Fintech company in Nigeria, who is currently looking at possibilities of expansion to other parts of Africa. This article looks into vital questions people are currently asking about Moniepoint: can get/apply a POS (Point of Sales) terminal for withdrawal, transfer, deposit, and so on.
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Frankly, all you need to do at first is to sign up to become a Moniepoint agent on the website – moniepoint.com. This is the first step to everything.
How Do I Qualify to Apply for a Moniepoint POS in Nigeria?
- Be 18 years old or above
- Be a Nigerian
- Be responsive and tech-savvy
- Own a smartphone
How to Request a Moniepoint POS Machine
Moniepoint POS is probably the easiest agency banking POS to get in Nigeria at the moment.
The first step to getting a Moniepoint POS agent is by signing up on their website (www.moniepoint.com). Here’s a step-by-step guide on how to get started on Moniepoint Website:
- Click get started
- Enter your full name, email, phone number, and other details.
- Select the other POS merchants you’re working with (if any)
- Submit
Within 48 hours of signing up, an Aggregator (an officer who’s in charge of a cluster of agents like you) will contact you and take it up from there.
Alternatively, just visit their No.12 Wole Ariyo St, Lekki Phase 1 office. Once you are mapped to an aggregator, you can get everything done in a short time.
Documents Required to Complete Moniepoint Agency Banking Registration
To fulfill KYC (know your customer) requirements, your aggregator will request for some documents. Here they are:
- A valid Identification Card (International Passport, NIN, Voters’ Card, or Driver’s License)
- Utility Bill (waste bill, electricity bill, land-use charge, water bill, or tenancy agreement)
- CAC documents (for registered businesses only)
- BVN
- A standard account number in any commercial bank.
FAQs on Moniepoint ![]()
Where and How Do I Download the Moniepoint App?
- For Android, you can download the Moniepoint App on Playstore using this LINK. The app is not yet available on Apple devices (iOS)
How Much to Apply for a Moniepoint POS Machine in Nigeria?
N20,000 (twenty thousand naira only)
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After I apply, when will I get the POS?
The timeline from application to when the agent receives the POS device is 24-48 hours
What is Moniepoint POS charges and commission structure?
Moniepoint POS charges and commission structure vary by the volume of the transaction done via the terminal. However, some of the commissions and charges are listed below:
- For withdrawals of N1-N20,000 Moniepoint charges only 0.5% of the transaction amount.
- For transactions above N20,000 Moniepoint charges a flat rate of N100.
- For transfers, Moniepoint charges a flat rate of N20 for transfers
- For Data Top Up:
MTN 3% commission
Glo 4% commission
9Mobile 4.5% commission
Airtel 4% commission
5. For TV Subscription:
DSTv 2% commission
GOTv 2% commission
PHCN 2% commission
Star Times 2% commission
What are the rules to Moniepoint POS usage?
- Minimum of N80,000 (Eighty Thousand Naira only) daily withdrawal value. This varies by location.
- At least 4 counts of deposits per day
- You will get 50% cashback of the N20,000 paid during registration if an aggregator has any cause to withdraw your POS device within a year of issuance.
What if I have an issue with the POS device afterwards?
As a Moniepoint Agent, issues should be the least of your worries as settlements and disputes are usually refunded and concluded the same day. This is one of the high points of Moniepoint. An engineer will also be assigned by the Aggregator to tend to you and other Moniepoint agents in your area. Also, you will also be added to a WhatsApp group consisting of other agents to share ideas/challenges. Business has started.
For issues and inquiries on any of these steps, contact Moniepoint via WhatsApp on +2348141500017, or email at support@moniepoint.com. Moniepoint’s physical office is situated at 12 Wole Ariyo St, Lekki Phase 1, Lagos, Nigeria. They work 9 am-5 pm, only on weekdays.
Tags: atm moniepoint com, moniepoint dashboard, moniepoint pos login, moniepoint app, moniepoint pos charges
Please l need POS.
Please I’m leaving in Kaduna Nigeria and I need moniepoint pos
Please how can I get this monie point pos
You can read all about it here: https://www.banknaija.com/how-to-apply-for-moniepoint-pos-in-nigeria-moniepoint-pos-charges-faqs/
Good morning sir/ma
I need moneypoint pos android . How much is this ? Am live in mowe ogun state
Read the article for that information, pls
Pls am at calabar next need moniepoint pos
Please I need kolomonie terminal
Pls I need moniepoint pos
How do i get moniepoint pos in Abuja Lugbe police sighboard
Pls I need a money point pos
Pls how do I get a Monieoint POS & how much is it
I need pos machine
The step-by-step guide is in the article. You can contact Moniepoint directly if you need further help with the process
I’m in Dei dei Anuja I want moniepoint pos
I. Need. Pos machine
I need pos machine
I need moniepoint pos contact me ASAP
Pos
I need POS how do I get it
I’m in Choba, Port Harcourt. I need the pos.
my is Aminu Abubakar, from KANO i am pos agent before nw i had from my friend about moniepoint i also want get it
Pls I need a POS machine am in imo state
Please I need moniepoint pos… Am in owerri
I’m living in apapa I had another pos terminal but I want have money point,how I’ll get it?
Pls my tarminal has been blocked due to multiple pin insert mistakenly by my little boy..a little bit careless…I have try all other means to reset the pin but was not open till now.pls how or what way would you help me?
The best bet is to contact your aggregator for a quick resolution.
Please I need monie point pos
Please I need a money point POS, how do I get it?
Please I need a money point POS machine,how do I get it?
I need moniepoint terminal I am in Ondo state igbokoda ilaje area Enu Ama sea side
I need a monipoint p.os in benin how can I get it
My name is ekundayo, I stay in ikorodu, I need moniepoint pos machine, how can I get it
I need moniepoint POS
FOR MORE THAN A WEEK I HAVE NOT BEEN RECEIVING MESSAGE FROM MY EMAIL.
KINDLY ASSIST.
Pls,
As regards the usage of the POS,if ones doesn’t mean the daily minimum requirements of #80k,what will happen?
And also if ones doesn’t use it or do some transactions in a day or two,any issue?
Thanks
Hello Emmanuel,
I am not sure what happens if an agent does not meet usage expectations, this varies by location. You can reconfirm from an aggregator.
Pls how do I get a MoniePoint POS & how much is it
Pls does an aggregator ask for your bvn and other informations for registration to help one register or are we supposed to collect a form to fill
Pls i need moniepoint pos,how do i get it
Am in Ogun state I need moniepoint pos
Pls I need one moniepoint post machine.
godwin4praise@gmail.com
GODWIN IYERE
Please I need pos
I am in Benin City edo state
How can I get it
How can I get moniepoint pos machine from zamfara state?
My name is Oluwaseun I stay in Abuja I need moniepoint POS how do I get it
Hello,
Do you need to get a kiosk or a location to start the business,
Any money needed besides the 20k,
Is the POS machine included with 20k,
What kind of phone is needed for the business.?
Hi Bola,
1. you need a location
2. the pos is included in the package and that’s all you need to pay
3. android phone
How to apply for moniepoint pos
My name is God’s love from Delta state I was transferring money from my wallet to my bank and the money has been hanging for 3 weeks now nothing has been done please what can I do about it is 500k
Pls I need POS
When using a moniepoint POS, will banks still charge the customers ?
I need one please
I need pos
I need pos also I stay in ibadan here ologuneru side
Hello Awe,
Read the article and follow the steps in it to get your POS.
i need one, am from delta state
I’m having difficulty in signing up on the Moniepoint Website, Please Anyone to render an assistant or is it that the website is under maintenance? Many Thanks Donald.
Am at uyo Akwa Ibom I need the pos
I need POS. I live in ikeja, computer village, Lagos. 090****2
I will advise that you contact Moniepoint directly via the numbers provided for your POS.
I’m Abdullahi form Kaiama Kwara Nigeria.
I need p o s machine
I need money point POS
I need POS am from enugu state
Good evening please how do I get moniepoint POS asap
I need POS am from abuja
I need a moniepoint pos
Moniepoint is fake have been defrauded by one mr lanre of my money i gave him 25 naira for a pos he brought it after 3months of purchase and wen he gave me the pos it wuz not working i had to return it den later i loose interest in the business i told him i neec a refind untill now no respinse from him
Always contact authorized dealers and aggregators when trying to get things done. Moniepoint contact numbers and office addresses are everywhere on the internet. Stop patronizing unauthorized people.
Regards,
Please i need monie point pos
How do i get it
I need pos am in Benin city Edo state
Please I need monipoint pos how can I get it
Monies point is no. 1 agency bank in Nigeria
i need one, what is the procedure?
I need POS machine now in Ikota Ajah Lagos
Please I need a moniepoint pos
I need pos