Moniepoint, Nigeria Fintech Unicorn, tests a new all-in-one point of sale terminal (POS) designed to simplify commercial operations by combining payments processing, stock management and transactions monitoring.
This innovation stems from the acquisition of MoniePoint de Grocel in December 2023, a Fintech startup specializing in commercial banking, books and inventory management. With the Innovative Startup offers, Moniepoint aims to create a complete commercial tool.
For many companies, payment management, stocks and accounting separately can be ineffective and subject to losses. When all of these elements are managed using separate systems, data is often recorded on different platforms. This can lead to inconsistencies, duplication of files and errors in financial reports, which makes it difficult to obtain effective commercial performance.
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In addition, without an all-in-one integrated system, companies are more vulnerable to fraud and financial differences. Employees that manage different platforms can use gaps in the declaration to manipulate figures, resulting in loss of income. Automated systems have proven to help companies reduce errors, speed up transactions and maintain specific recordings.
By rationalizing operations and reducing ineffectiveness, the new Moniepoint payment feature will increase productivity, minimize losses and improve customer experience, making companies more competitive in a rapid development market. Unlike conventional positive terminals that mainly manage card payments, the new device is designed to support companies of all sizes. This is similar to what the main payment provider Square offers its customers. Square treats more than $ 200 billion in payments per year, which testifies to its adoption and its generalized reliability in the landscape of digital payments.
Here is how Moniepoint’s new payment feature will benefit businesses:
1. Transparent payment processing
Companies can accept several payment methods, including CERDS, banking transfers and mobile portfolios, guaranteeing customer flexibility and reducing transaction failures.
2. Real -time stock management
Unlike traditional possesses that only treat payments, the moniepoint system automatically updates stocks when sales are made. This prevents stock market shortages and over-shop, helping businesses remain organized.
3. Reconciliation of automated transactions
Manual accounting can cause errors and losses. The Moniepoint system has automatically saved and reconciles transactions, saving busy time and improving financial precision.
4. Prevention of theft and fraud
By digitizing registers, the system reduces cash management, minimizing the risk of theft and fraud of employees.
5. Commercial analysis for smarter decisions
The POS device provides real -time information and reports, helping business owners follow performance and making data -based decisions to improve profitability.
6. Evolution for companies of all sizes
From the sellers by the road to large companies, the Moniepoint solution is adaptable to different commercial models, ensuring that each company has access to effective management tools. By rationalizing operations and reducing ineffectiveness, the new Moniepoint payment feature stimulates productivity, minimizes losses and improves customer experience, making companies more competitive in a rapid development market.
Moniepoint’s latest ambition will see competition with Mira, a Nigerian startup from Fintech launched in 2024 which currently provides possession and all-in-one terminals to retailers. The MIRA solution allows companies to increase beneficiary margins and offers a payment monitoring function that helps companies reconcile their accounts. However, Moniepoint has a key advantage; A large network of more than 800,000 POS devices and 2 million professional users, which gives it a solid market entry point for the new product.
The Licorne Fintech test of an all-in-one point of sale terminal (POS), when it has become a change of game in the Nigeria financial ecosystem by transforming the banking services of agencies. Barely 2 years after its launch, Moniepoint has become the main banking solution of Nigeria agencies, dealing up to $ 7 billion in more than 120,000,000 transactions per month. Each month, millions of unique cards are used on moniepoint terminals, which represents more than 25% of Nigerians in the bank.
In particular, the Moniepoint movement reflects global trends. While the company evolves its point of sale offers to provide business management tools from start to finish, helping merchants to rationalize operations and improve efficiency, it could unlock new sources of income while Reinforce its position in the Fintech ecosystem of Nigeria.
