How to Get Moniepoint POS – Apply Now

Learn how to get moniepoint POS when you fully apply for the monie point POS machine as an agent.
Moniepoint is a leading financial technology company in Nigeria that provides electronic payment services, including a Point of Sale (POS) system. The Moniepoint POS is a device that allows businesses to accept card payments from customers, including debit cards, credit cards, and prepaid cards. Getting a Moniepoint POS can be a great addition to your business, enabling you to offer convenient and secure payment options to your customers.

Here are the steps to get a Moniepoint POS:

  1. Understand the Requirements

    Before you start the process of getting a Moniepoint POS, it’s important to understand the requirements. Moniepoint typically requires businesses to meet certain criteria to be eligible for a POS system. These requirements may include:

    • Business Registration:

      Your business should be a registered entity in Nigeria. This includes having a registered business name, tax identification number (TIN), and other necessary permits or licenses.

    • Bank Account:

      You should have a business bank account with a Nigerian bank. Moniepoint usually requires businesses to have a bank account to receive card payments from the POS.

    • Transaction Volume:

      Moniepoint may have specific transaction volume requirements, which may vary depending on your business type and size. Make sure to review and understand the transaction volume requirements before applying for a Moniepoint POS.

    • KYC Documentation:

      You will need to provide Know Your Customer (KYC) documentation, which may include identification documents, proof of address, and other relevant business documents.

    • Internet Connectivity:

      Moniepoint POS requires an active internet connection to process card transactions. So, ensure that your business location has a reliable internet connection to use the Moniepoint POS.

  2. Contact Moniepoint

    Once you have confirmed that your business meets the requirements, you can contact Moniepoint to express your interest in getting a POS system. You can reach out to Moniepoint through their website, customer support hotline, or visit one of their authorized agents or branches.

  3. Provide Required Information

    Moniepoint will require you to provide certain information to process your POS request. This may include your business name, location, contact information, business bank account details, and other relevant information. Make sure to provide accurate and complete information to avoid delays in the application process.

  4. Submit Documentation

    Moniepoint may require you to submit certain documents to verify your business and complete the application process. These documents may include:

    • Business Registration Documents:

      You may need to provide your business registration documents, such as your Certificate of Incorporation, Business Name Registration Certificate, or other relevant documents.

    • Bank Account Details:

      You may need to provide your business bank account details, including the bank name, account number, and account name.

    • KYC Documentation:

      You may need to provide identification documents, proof of address, and other relevant KYC documentation for yourself and any other authorized signatories of the business.

    • Business Plan:

      Moniepoint may require you to submit a business plan outlining your business activities, projected sales volumes, and other relevant information.

  5. Review and Approval

    Once you have submitted all the required information and documentation, Moniepoint will review your application. This may involve verifying your business information, conducting a background check, and assessing your business’s eligibility for a Moniepoint POS. If your application is approved, Moniepoint will notify you and provide you with further instructions on how to proceed with obtaining the POS device.

  6. Obtain the Moniepoint POS Device

    After your application is approved, Moniepoint will provide you with a Moniepoint POS device. This device may come with a printer, a power adapter, and any other accessories that are required for the POS system to function properly.

  7. Set Up the Moniepoint POS Device

    Once you have received the Moniepoint POS device, you will need to set it up to start accepting card payments. The setup process may include the following steps:

    • Power on the Device:

      Connect the power adapter to the POS device and plug it into a power source. Turn on the POS device using the power button.

    • Connect to the Internet:

      The Moniepoint POS device requires an active internet connection to process card transactions. You can connect the device to the internet using Wi-Fi or an Ethernet cable, depending on the available options at your business location.

    • Install Moniepoint App:

      Follow the instructions provided by Moniepoint to download and install the Moniepoint app on the POS device. This app will serve as the interface for processing card payments and managing your transactions.

    • Log In and Configure Settings:

      Once the Moniepoint app is installed, log in using your Moniepoint account credentials. Configure the settings as per your business requirements, such as setting up your business name, location, tax rates, and other relevant information.

    • Test Transactions:

      Perform test transactions to ensure that the Moniepoint POS is functioning correctly. You can test with actual card payments or use test cards provided by Moniepoint for this purpose.

  8. Start Accepting Card Payments

    Once your Moniepoint POS is set up and tested, you can start accepting card payments from your customers. When a customer makes a purchase with a card, you can enter the transaction details on the Moniepoint app, and the device will process the payment. The customer can then enter their PIN or sign the receipt to complete the transaction.

  9. Manage Transactions and Reports

    The Moniepoint app provides you with tools to manage your transactions and generate reports for your business. You can view transaction history, track sales, generate daily, weekly, and monthly reports, and monitor the performance of your business using the Moniepoint app.

  10. Provide Customer Support

    As with any payment system, there may be occasional issues or questions from customers regarding their transactions. Make sure to provide customer support by addressing any concerns promptly and professionally. You can contact Moniepoint’s customer support team for assistance with any technical or transaction-related issues.

In conclusion, getting a Moniepoint POS can be a valuable addition to your business, allowing you to accept card payments and provide convenient payment options to your customers. By following the steps outlined in this article, you can successfully obtain and set up a Moniepoint POS device, enabling you to streamline your payment processes and grow your business. Remember to always comply with Moniepoint’s terms and conditions, adhere to the relevant regulations, and provide excellent customer service to ensure a smooth and successful experience with your Moniepoint POS system.


What is Moniepoint

Moniepoint is a fintech company based in Nigeria that offers a mobile money and payment solution for businesses and individuals. It allows users to send and receive money, make bill payments, and accept card payments using a Moniepoint Point of Sale (POS) device. Moniepoint’s POS system is designed to enable small and medium-sized businesses in Nigeria to accept card payments from customers, including Visa, Mastercard, and Verve cards, providing a convenient and secure way to transact and grow their businesses. Moniepoint’s services are accessible through their mobile app and their network of registered agents, making it a popular choice for businesses and individuals looking for a digital payment solution in Nigeria.

MoniePoint POS Policy

here are some general policies that may be associated with Moniepoint’s POS system:

  • Registration and Approval:

    To obtain a Moniepoint POS, businesses may need to register and apply for approval from Moniepoint. This may involve providing relevant business information, such as business name, location, tax identification number, and other documentation as required by Moniepoint.

  • Fees and Charges:

    Moniepoint may have fees and charges associated with their POS system, such as transaction fees, equipment rental fees, and other charges. These fees and charges may vary depending on the specific arrangement and agreement with Moniepoint. It’s important to review and understand the fees and charges associated with Moniepoint’s POS system before signing up.

  • Compliance with Regulations:

    Businesses using Moniepoint’s POS system are expected to comply with relevant regulations, including those set forth by the Central Bank of Nigeria and other regulatory bodies. This may include adhering to anti-money laundering (AML) and know-your-customer (KYC) requirements, as well as other regulations related to electronic payments and financial services.

  • Security and Data Privacy:

    Moniepoint is likely to have security measures in place to protect the integrity and confidentiality of transaction data processed through its POS system. Businesses using Moniepoint’s POS system may be required to comply with security protocols, such as keeping the POS device secure, not sharing login credentials, and following data privacy regulations.

  • Support and Maintenance:

    Moniepoint may provide support and maintenance for their POS system, including technical assistance, troubleshooting, and equipment maintenance. It’s important to understand the level of support and maintenance provided by Moniepoint and how to contact their support team in case of any issues.

  • Termination and Cancellation:

    Businesses may need to comply with Moniepoint’s termination and cancellation policies, which may specify the conditions under which the POS system can be terminated or cancelled, and any associated fees or penalties.


It’s important to note that specific policies associated with Moniepoint’s POS system may vary, and it’s recommended to review Moniepoint’s official website, terms, and conditions, and contact their customer support for the most up-to-date and accurate information regarding their POS policies. Find out How to Open Your New Bank of Ireland Business Banking Account for Free