Moniepoint promises to drive financial inclusion in Nigeria

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Moniepoint promises to drive financial inclusion in Nigeria
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The Nation Newspaper Moniepoint promises to drive financial inclusion in Nigeria

A fintech firm, Moniepoint Microfinance Bank , has restated its commitment to driving financial inclusion through innovative products that address payment challenges in the country.

According to him, this is helping businesses using Moniepoint’s PoS machines to receive instant credit alerts when their customers make transfers to their accounts. He said this has also taken the customers’ burden of waiting for merchants to receive alerts before they can leave. “In a couple of months from now, you’re going to see some massive innovation in the payment space because if you look at the CBN’s Payment System Vision 2025, in the documents, you have things like big data, artificial intelligence, contactless payments, and open banking. As we are talking, the CBN has also released the guidelines for open banking, so it’s not something that will happen in 10 years but it’s happening right now. The CBN has also released the circular for contactless payments.

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