Home Finance Moniepoint Registration: How to Open Moniepoint Account, How to Make Payments (Send...

Moniepoint Registration: How to Open Moniepoint Account, How to Make Payments (Send and Receive Money) with Moniepoint App

In a world driven by digital innovation, Moniepoint emerges as your trusted ally in simplifying financial transactions and empowering you with seamless money management. Say farewell to the complexities of traditional payment methods and embrace a user-friendly experience like never before.

Step into the realm of Moniepoint, where opening an account and navigating payments becomes a breeze. Prepare to be captivated by a world of convenience and efficiency, where sending and receiving money is as easy as a few taps on your smartphone.

Picture a world where financial freedom is no longer a distant dream but a reality at your fingertips. With Moniepoint, you’re invited to embark on a transformative journey, one that promises to enhance your financial well-being and empower your daily life. Join a community of individuals who have unlocked the magic of digital transactions and experienced the boundless possibilities that Moniepoint offers.

Bid farewell to the limitations of archaic payment methods and unlock a world of instant peer-to-peer transfers, seamless merchant payments, and effortless bill settlement.  

In this article, we’ll show you how to open a Moniepoint account and make payments using the Moniepoint app. Whether you’re a small business owner looking for an affordable payment solution or an individual looking to make transactions with ease, Moniepoint has got you covered. So, let’s dive in!

About Moniepoint

Moniepoint is a leading financial technology company in Nigeria that offers a wide range of innovative and convenient financial services. Established with the goal of revolutionizing the way people transact and manage their finances, Moniepoint has quickly become a trusted name in the digital finance space.

At its core, Moniepoint provides a secure and user-friendly platform that allows individuals and businesses to send, receive, and manage money seamlessly. With the Moniepoint app, users can open an account, make payments, transfer funds, pay bills, and access a host of other financial services—all from the convenience of their smartphones.

One of the key features that sets Moniepoint apart is its extensive network of agents and Point of Sale (POS) terminals spread across various locations in Nigeria. These agents serve as touchpoints for users to deposit and withdraw cash, making it easier for individuals who prefer to use physical cash in their transactions. Additionally, Moniepoint’s POS terminals enable merchants to accept digital payments, expanding their customer base and streamlining their business operations.

Moniepoint Registration: How To Create a Moniepoint Account 

To open a Moniepoint account and make payments using the Moniepoint app, follow these steps:

  1. Download and Install the Moniepoint App: Visit the Google Play Store or Apple App Store on your mobile device. Search for “Moniepoint” and download the app. Install it on your smartphone.
  2. Create an Account: Launch the Moniepoint app and sign up for a new account. Provide your personal details, such as your name, email address, and phone number, and create a secure password. Follow the instructions provided to complete the registration process.
  3. Log in to Your Account: Once you’ve successfully created an account, log in to the Moniepoint app using your registered email address and password.
  4. Complete Your Profile: After logging in, you may be prompted to complete your profile by providing additional information, such as your address, occupation, and income details. This information helps Moniepoint in assessing your eligibility and enhance your account security.
  5. Link Your Bank Account: To make payments with Moniepoint, you’ll need to link your bank account to your Moniepoint account. Follow the instructions provided in the app to securely link your bank account. This step is necessary to enable fund transfers and payment functionalities.
  6. Fund Your Moniepoint Account: To send money or make payments, ensure that your Moniepoint account has sufficient funds. You can fund your account by transferring money from your linked bank account into your Moniepoint wallet. Follow the instructions provided in the app to initiate the fund transfer.
  7. Sending Money: To send money to another Moniepoint user, navigate to the “Send Money” or “Transfer” section within the app. Enter the recipient’s Moniepoint account details or select from your saved contacts. Specify the amount you wish to send and review the details before confirming the transaction.
  8. Receiving Money: If someone is sending money to your Moniepoint account, they need to initiate the transfer from their Moniepoint app. Provide them with your Moniepoint account details or share a payment link generated by the app. Once the transfer is made, the funds will be credited to your Moniepoint account.
  9. Making Payments: Moniepoint allows you to make payments to merchants or service providers who accept Moniepoint as a payment option. Simply select the “Pay Merchant” or “Pay Bill” option within the app, enter the necessary details, including the merchant’s information and payment amount, and confirm the transaction.
  10. Transaction History and Management: You can easily track and manage your payments and transactions within the Moniepoint app. The app provides a transaction history section where you can view details of your previous transactions, including dates, amounts, and recipient information.
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Remember to keep your Moniepoint app and account credentials secure to protect against unauthorized access. If you encounter any issues or have further questions, you can reach out to Moniepoint’s customer support for assistance.

How To Send Money With Moniepoint 

Sending money with Moniepoint is a simple and straightforward process that can be done using the Moniepoint app. Follow the steps below to send money to anyone:

  1. Log in to Your Account: Once you’ve successfully created an account, log in to the Moniepoint app using your registered email address and password.
  2. Fund Your Moniepoint Wallet: Before you can send money, ensure that your Moniepoint wallet is funded. You can add money to your wallet using various funding options available, such as bank transfer, card payment, or by depositing cash at a Moniepoint agent location.
  3. Select the “Send Money” Option: Once your wallet is funded, navigate to the main menu of the Moniepoint app and select the “Send Money” or similar option. You should find this option easily accessible on the app’s home screen.
  4. Enter Recipient Details: Provide the recipient’s details, including their name, phone number, and any other necessary information. Ensure the details are accurate to avoid any issues with the transaction.
  5. Enter the Amount: Specify the amount you wish to send to the recipient. Double-check the amount to ensure accuracy.
  6. Confirm and Review the Transaction: Review the transaction details, including the recipient’s information and the amount. Make sure everything is correct before proceeding.
  7. Enter Your Transaction PIN: To ensure security, Moniepoint requires you to enter your transaction PIN, which you set during the account creation process. Enter the PIN to authorize the transaction.
  8. Complete the Transaction: Once you’ve entered the correct PIN, the transaction will be processed, and the money will be sent to the recipient’s Moniepoint wallet or bank account, depending on their setup.
  9. Confirmation and Notification: After completing the transaction, you will receive a confirmation message or notification indicating that the money transfer was successful. The recipient will also be notified about the received funds.

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How To Recieve Money On Moniepoint App

Receiving money on the Moniepoint app is a simple process that involves providing the sender with your Moniepoint account number and confirming the transaction. Follow the steps below to receive money:

  1. Share Your Moniepoint Account Number: To receive money on the Moniepoint app, provide the sender with your Moniepoint account number. This is a unique number associated with your Moniepoint account and can be found within the app.
  2. Confirm the Transaction: Once the sender initiates the transfer and enters your Moniepoint account number as the recipient, you will receive a notification or alert on your Moniepoint app. Open the app and navigate to the notifications section to confirm the transaction.
  3. Verify Transaction Details: Before confirming the transaction, carefully review the details provided, including the sender’s information, the amount being transferred, and any additional notes or messages accompanying the transaction. Ensure that all the information is accurate.
  4. Accept the Transaction: If the details are correct and you are expecting the funds, go ahead and accept the transaction by selecting the appropriate option within the Moniepoint app. This will confirm that you are willing to receive the money.
  5. Funds Deposited to Your Moniepoint Account: Once you accept the transaction, the funds will be deposited into your Moniepoint account. You can then use these funds for various purposes, such as making payments, transferring money to others, or withdrawing cash at a Moniepoint agent location.
  6. Check Your Account Balance: After the transaction is completed, it’s a good practice to check your Moniepoint account balance to ensure that the funds have been successfully credited. Open the Moniepoint app and navigate to the account balance section to view the updated balance.

It’s important to note that Moniepoint account numbers are unique to each user and should be shared only with trusted individuals or entities for legitimate transactions. Additionally, ensure that you have a stable internet connection when using the Moniepoint app to receive money to avoid any connectivity issues during the confirmation process.

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Additional Features Of Moniepoint 

Moniepoint offers a range of features and services that go beyond basic money transfers. Here are some notable features of Moniepoint:

  1. Bill Payments: With Moniepoint, you can conveniently pay various bills directly from the app. Whether it’s electricity bills, water bills, cable TV subscriptions, or airtime top-ups, Moniepoint provides a seamless platform to make hassle-free payments.
  2. Airtime and Data Purchase: Need to recharge your mobile phone or buy data bundles? Moniepoint allows you to easily purchase airtime and data for yourself or others, directly from the app. Enjoy the convenience of staying connected without having to visit a physical store.
  3. Agent Network Services: Moniepoint has a vast network of agents spread across different locations in Nigeria. These agents offer services such as cash deposits, cash withdrawals, and account opening. You can visit a Moniepoint agent to carry out these transactions conveniently.
  4. Merchant Services: Moniepoint enables merchants to accept digital payments through its Point of Sale (POS) terminals. This allows businesses to expand their customer base by providing customers with the option to pay using various digital payment methods, enhancing the overall shopping experience.
  5. Transaction History: The Moniepoint app keeps a detailed record of all your transactions, allowing you to easily track and monitor your financial activities. You can access your transaction history within the app to review past transactions, view payment details, and track your spending.
  6. Security Features: Moniepoint prioritizes the security of its users’ accounts and transactions. The app incorporates advanced security measures, including encryption technology and two-factor authentication, to safeguard user information and prevent unauthorized access.
  7. Customer Support: Moniepoint provides customer support services to assist users with any inquiries or issues they may encounter. You can contact Moniepoint’s customer care team through various channels, such as phone, email, or in-app chat, to receive prompt assistance and support.
  8. Account Management: The Moniepoint app offers robust account management features, allowing users to update their personal information, manage their account settings, and review account balances and transaction histories. It provides users with full control over their finances and account preferences.
  9. Rewards and Promotions: Moniepoint occasionally runs promotional campaigns and rewards programs to incentivize its users. These may include cashback offers, discounts, or exclusive deals with partner merchants, allowing users to enjoy additional benefits while using the app.


How do I accept payment on Moniepoint?

To accept payments on Moniepoint, you can simply provide your Moniepoint account number to the payer. They can then initiate the transfer to your account using their Moniepoint app or through other supported payment methods. Once the payment is made, you will receive a notification on your Moniepoint app, confirming the transaction.

How do I create a Moniepoint account?

Creating a Moniepoint account is easy. Follow these steps:

  1. Download the Moniepoint app from the Google Play Store or Apple App Store.
  2. Launch the app and click on “Sign Up” or “Register” to begin the registration process.
  3. Provide the required personal details such as your name, email address, phone number, and create a secure password.
  4. Follow the on-screen instructions to complete the registration and verification process.
  5. Once your account is created, you can log in and start using the Moniepoint app.

Can I use the Moniepoint app on my phone?

Yes, the Moniepoint app is designed to be used on mobile devices such as smartphones and tablets. It is available for both Android and iOS devices. Simply download the app from the respective app stores, install it on your device, and you can start using Moniepoint’s services.

Which bank does Moniepoint use?

Moniepoint is a product of TeamApt Limited, a Nigerian fintech company. While Moniepoint is not a bank itself, it partners with several banks in Nigeria to provide its services. These partner banks facilitate the movement of funds and ensure secure transactions within the Moniepoint ecosystem.

Which bank is the owner of Moniepoint?

Moniepoint is not owned by a bank. It is a product of TeamApt Limited, a Nigerian fintech company. TeamApt developed and operates the Moniepoint platform, which offers various financial services, including payments, transfers, and other related features. While Moniepoint collaborates with different banks to facilitate its services, it is not owned by any specific bank.


In conclusion, opening a Moniepoint account and utilizing its features for making payments, sending, and receiving money is a seamless and convenient process. By following the steps outlined in this guide, you can easily set up your Moniepoint account, download the app, and start enjoying the benefits of digital transactions.

With Moniepoint, you have the power to send money to friends, family, and business associates with just a few taps on your smartphone. You can also receive money by simply sharing your Moniepoint account number and confirming the transaction. The app provides a secure and user-friendly platform that ensures your financial transactions are conducted with ease and peace of mind.