Mind-Blowing! Moniepoint Inc. Processes a Whopping ₦12 Trillion Every Month - Revolutionizing Digital Payments in Nigeria!

Prepare to be amazed by the groundbreaking achievements of Moniepoint Inc., a fintech powerhouse that is reshaping Nigeria's financial landscape. In a mind-boggling revelation, the company has shattered all expectations by processing an astonishing ₦12 trillion in transactions every single month. This staggering feat underscores the unstoppable rise of digital payments among businesses and individuals across Nigeria.

Babatunde Olofin, the Acting Managing Director of Moniepoint Microfinance Bank, spilled the beans on this jaw-dropping success during a recent chat with journalists in Lagos. He unveiled how a shortage of physical cash earlier this year ignited a massive wave of cashless transactions. This extraordinary shift has propelled Nigerian businesses and individuals to wholeheartedly embrace the seamless convenience and ironclad security of digital payments. CONTINUE READING..................

Hold onto your seats as Moniepoint embarks on an audacious new frontier – personal banking. Having dominated the digital financial services sector for years, the fintech titan now clocks an awe-inspiring 400 million transactions monthly. Moniepoint's influence reaches an incredible 1.6 million businesses, with each acting as a potential gateway for numerous customers in the new era of personal banking.

But that's not all – Moniepoint's visionary move into personal banking aligns perfectly with the grand mission of the Central Bank of Nigeria: achieving financial inclusion for all. How? Brace yourself for the revelation of agent banking. Moniepoint is championing financial accessibility for underserved Nigerians through strategically placed agents. These financial wizards empower users to access a universe of transactions, all without the traditional hassle of a brick-and-mortar bank visit.

Picture this: a world where accessing your own money doesn't require a Herculean effort. Olofin recounted the story of a determined individual who once spent a small fortune just to access an ATM for a paltry withdrawal. Thanks to Moniepoint's omnipresent agents, the days of unnecessary expenditure and inconvenience are ancient history. CONTINUE READING.....................

But how does Moniepoint manage this Herculean feat? The answer lies in their unwavering commitment to technological prowess. Their cutting-edge infrastructure is designed to stretch, bend, and scale with the tidal wave of digital transactions. Olofin's secret? A monitoring system that alerts them when transactions surge, prompting an instant expansion of their rock-solid infrastructure.

In a feat that can only be described as awe-inspiring, Moniepoint processed a jaw-dropping 1.7 billion transactions in 2022, raking in a colossal ₦100 trillion. Wrap your mind around that! Not stopping there, the fintech phenom also extended a helping hand, disbursing ₦1.4 trillion in loans while keeping their Non-Performing Loan (NPL) ratio below an incredible 1%.

Hold onto your hats, folks, because Moniepoint is redefining the fintech game in Nigeria. As the nation hurtles into a future dominated by digital payments, Moniepoint stands at the forefront, driving financial inclusivity and accessibility for all. CONTINUE READING..........................

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