Moniepoint Signup: How To Open Moniepoint Account, How To Make Payments (Send And Receive Money) With Moniepoint App
Moniepoint Signup: How To Open Moniepoint Account, How To Make Payments (Send And Receive Money) With Moniepoint App
Moniepoint is a fintech company that was founded in June 2015 by Tosin Eniolorunda and Felix Ike. This company focuses on providing financial solutions for businesses.
As of the time this article was written, Moniepoint processes average monthly transactions valued at $12 billion for about 1.6 million businesses.
It claims to be processing the majority of the POS transactions in Nigeria, with over $170 billion in annualized Total Payments Volume.
In terms of impact, Moniepoint has made a strong impact in facilitating digital payments and financial transactions in Africa. It has been recognized as one of Africa’s fastest-growing companies in 2023.
The company’s mission to digitize Africa’s economy has positively impacted the livelihood of people, particularly SMEs, by providing financial services and enabling financial inclusion.
So if you want want to open moniepoint account, send or receive payment, feel safe to do it. Doing this makes you become part of the fastest growing fintech company in Nigeria.
Moniepoint Signup: How To Open Moniepoint Account, How To Make Payments (Send And Receive Money) With Moniepoint App
Moniepoint Sign Up: How To Open Moniepoint Account
On moniepoint sign up: how to open moniepoint account, the process is simple once the app has been downloaded to your phone.
Alternatively, you can sign up on moniepoint via the website.
To open a Moniepoint account, you can follow these steps:
Go to the Moniepoint website or download the Moniepoint app from your app store.
Click on the “Sign Up” button.
Provide your email address and phone number to get started.
Follow the instructions to verify your email and phone number.
Once verified, you will be asked to provide your BVN (Bank Verification Number) and KYC (Know Your Customer) details.
Complete the face and ID verification process as required.
After the verification process, you will be prompted to provide your business name (if applicable) and set up a PIN for your account.
Review the terms and conditions, and if you agree, proceed to create your Moniepoint account.
Once your account is created, you can log in using your username and password.
Benefits of opening an account with moniepoint
Opening an account with Moniepoint offers several benefits, including:
Easy Access to Financial Services: Moniepoint provides a platform for easy access to various financial services, including money transfers, bill payments, airtime top-ups, and more.
Opening an account allows you to conveniently perform these transactions from your mobile device or computer.
Secure Transactions: Moniepoint ensures the security of its users’ transactions.
By opening an account, you can enjoy the peace of mind that comes with secure and encrypted transactions, protecting your financial information.
Fast and Efficient Transactions: With Moniepoint, transactions are processed quickly and efficiently, reducing the time and effort required for traditional banking activities.
Read: How to Delete, Close or Deactivate My Moniepoint Account Without Stress
You can send or receive money, pay bills, and top-up airtime instantly, enhancing your overall financial convenience.
Wide Network of Agents: Moniepoint has an extensive network of agents located in various parts of Nigeria.
By opening an account, you can easily locate and access these agents for cash-in and cash-out transactions, making it convenient for both urban and rural users.
24/7 Availability: Moniepoint’s services are available 24/7, allowing you to perform transactions and access your account at any time that suits you, without being limited by traditional banking hours.
Financial Inclusion: Moniepoint aims to promote financial inclusion by providing access to financial services to individuals who may not have easy access to traditional banking services.
By opening an account, you can be a part of this inclusive financial ecosystem.
Competitive Rates: Moniepoint offers competitive rates for its services, ensuring that you can transact at affordable and fair prices.
Reward Programs: Moniepoint occasionally offers reward programs and promotions for its users, which can include cashback, discounts, or other incentives.
By having an account, you can stay informed and take advantage of these offers.
How to make payments (send and receive money) with Moniepoint app
To make payments and send/receive money using the Moniepoint app, you can follow these steps:
Download and Install the Moniepoint App: Visit your app store (Google Play Store or Apple App Store) and search for “Moniepoint.” Download and install the app on your mobile device.
Sign In or Create an Account: Open the Moniepoint app and sign in using your registered email address and password. If you don’t have an account, you can create one by providing the required information and following the registration process.
Link Your Bank Account: Once you’re logged in, you’ll need to link your bank account to the Moniepoint app. Follow the instructions provided in the app to securely link your bank account. This step is necessary to facilitate transactions.
Add Funds to Your Moniepoint Wallet: To make payments or send money, you’ll need to have funds in your Moniepoint wallet. You can add funds to your wallet by transferring money from your linked bank account.
The app will guide you through the process of adding funds.
Send Money: To send money to someone, navigate to the “Transfer” section within the app.
Enter the recipient’s details, such as their phone number or account number, and the amount you want to send.
Confirm the transaction and authorize it using your Moniepoint app PIN or other security measures.
Receive Money: If someone wants to send you money using the Moniepoint app, they will need your phone number or account number.
Provide them with the necessary details, and they can initiate the transfer from their Moniepoint app. You will receive a notification once the money is successfully transferred to your Moniepoint wallet.
Make Payments: Moniepoint app allows you to make payments for various services, such as utility bills, airtime top-ups, and more.
Navigate to the “Payments” or “Bill Payment” section within the app. Select the type of payment you want to make, enter the required details (e.g., bill reference number), and confirm the payment.
How to transfer money from moniepoint app to bank account
To transfer money from the Moniepoint app to a bank account, you can follow these steps:
Open the Moniepoint app on your mobile device.
Sign in to your Moniepoint account using your registered email address and password.
Once you’re logged in, navigate to the “Transfer” section within the app.
Select the option to transfer money to a bank account.
Enter the recipient’s bank account details, including the account number, bank name, and account holder’s name.
Enter the amount you want to transfer.
Review the transaction details to ensure they are correct.
Confirm the transfer by authorizing it using your Moniepoint app PIN or any other security measures required.
Once the transfer is confirmed, the money will be sent from your Moniepoint app to the specified bank account.
