₦airaland Forum

God1000:
T

081087n:

AnonPoet:
How Moniepoint Processes $7 Billion Dollars Monthly in Nigeria - Interview with Fisayo Fosudo:


https://www.youtube.com/watch?v=Lbb1vLpNfaM

Fintech is one of the fastest-growing sectors in Nigeria, and it’s inspiring to see players in the space create efficient payment systems and infrastructure despite the many setbacks on the landscape. One of the leading names in Nigeria is Moniepoint, a Nigerian fintech that provides banking solutions to enable businesses to collect payments, access loans, manage operations and ultimately grow their business.

On this episode of The Leaderboard, Fisayo Fosudo sits with Tobi Amira, Vice President of Moniepoint, to discuss the brand vision, growth, challenges, and how they process over $7 billion every month.

Moniepoint started out building products for banks—mostly POS systems—and ended up leveraging the knowledge and relationships they’d gathered to create better solutions than the existing ones.

Tobi talks about the gradual expansion of the services Moniepoint offers, and how the brand came to be a holistic financial solution—moving from simply sending and receiving payments to offering credit and business operations management services.

Financial inclusion isn’t just another fintech buzzword to Moniepoint. Tobi explains how the real path to financial inclusion is reducing poverty, not creating digital products. He also touches on how Moniepoint’s brand values and work cultures create opportunities for their employees and customers to truly improve their financial status and subsequently, the quality of their lives.

The Lagos Syndrome: In many ways, Lagos is to Nigeria what the USA is to the world. Businesses in Lagos tend to focus solely on the Lagos consumer base, and service the rest of the population by the same standards. But Lagos is only one state out of 36—it’s not an accurate depiction of the entire country. Tobi talks about the illusion of saturation, and how Moniepoint looked beyond the Lagos market to reach the underserved in other parts of the country.

Tobi also hits on how Moniepoint is building customer loyalty by prioritizing transparency with customers, which sets them apart in an industry with low trust. So much so that it’s become the word on the street that “if Moniepoint is not working, no other POS will.”

Businesses face challenges everywhere, but there are unique obstacles to doing business in Nigeria. Tobi shares how Moniepoint navigates the hurdles, and mentions that the brand’s products are tailored for the landscape. For example, the POS machines are optimized to work even in areas with poor internet.

Tobi shares the criteria for selecting businesses who can take advantage of their credit services, how 5 million naira is available to eligible business owners in loans, and and how they manage risk and defaulters.

Do you use a Moniepoint POS or have you seen one? Do share your thoughts.



https://www.youtube.com/watch?v=Lbb1vLpNfaM

081087n:
I love the statement 'lagos is to Nigeria what USA is to the world'
Thanks to Lagos landlord jagaban of lagos....

APC to ASO ROCK 2023

081087n:
I love the statement 'lagos is to Nigeria what USA is to the world'
Thanks to Lagos landlord jagaban of lagos....

APC to ASO ROCK 2023

xpressionx:
Lagos

smile11s:
Tinubu is a great grandpa. Get sense for once

081087n:
People like you don't move forward in life. As you see everything negative, try seeing the positives also..
Peace

xpressionx:
The positive side is that you can never see that kind of place in Anambra.

People like you don't succeed on life because of peddling falsehood

xpressionx:
The positive side is that you can never see that kind of place in Anambra.

People like you don't succeed on life because of peddling falsehood

081087n:
Hahaha Anambra the land of bins of pray your life be like Anambra in comparison to lagos..
I can see why ppl like you are yet to make it in life

081087n:
I love the statement 'lagos is to Nigeria what USA is to the world'
Thanks to Lagos landlord jagaban of lagos....

APC to ASO ROCK 2023

xpressionx:
It's local idiotic mentality to use lagos as a benchmark as a developed city.
2nd most dangerous city to live in the world.

You see why poverty has finished your life?

When we talk about cities we want Nigeria to be like,we talk dubai,Paris,Milan or even Miami.

You are here with your local champion mentality seeing lagos as a mega city.
BTW the little things in lag were built by the military and ambode.
Yet your biased mindset has credited it to a man whose immediate family has made you live in penury.

Peter Obi will win and salvage thus country for us all.
I know you don't want to move forward, but I bind that spirit on your behalf.

Rememberdeath:
7 Billion dollars.. is this possible?

081087n:
For voting obi it's obvious you want to remain in the same poverty you have been..a word is enough for the wise...

If you live the kind of life am living if your have traveled like me or been to where I have been you won't be here likening me to poverty follow person wey sabi road..
You like it or not na logos landlord dey win 2023 election, already settled in heaven.

It's not too late to join the winning team, as you vote APC for 2023 may your life improve for food Amen

xpressionx:
You wey dey ibadan dey find used infinix for person wey you spoil im phone and used toy pad come dey talk rubbish abi.
Where you travel go and what life are you living abeg

xpressionx:
You wey dey ibadan dey find used infinix for person wey you spoil im phone and used toy pad come dey talk rubbish abi.
Where you travel go and what life are you living abeg

081087n:
At least if you mo blind you can see am buying for someone. Not that I'm the one making use of it show me your account balance let me show you mine if you no go keep shut one time no boasting this is reality

thebosstrevor1:
I doubt it is possible. The guy is literally claiming they process more money than banks, we all know the tight regulations by cbn on payment gateway. So the guy is saying trash.

Btw, This fin tech people are known to exaggerate their claims to get more funding from venture capitalists

They claim they process that amount and we are in a dollar crisis, even airlines are begging for their dollar to be released.