Moniepoint, a Nigerian Fintech company has launched a consumer app and debit card in a bid to enhance personal banking market. Moniepoint Microfinance Bank debit card and consumer app will make transaction easy and simple for over 1.5 businesses that utilizes the bank.
This effort has also set Moniepoint in a competitive state with OPay and PalmPay. This is because the company previously offered an all-in-one platform for all transactions but now its services will be available to everyone.
With the consumer app, users are able to transfer money, pay bills, and buy airtime. The debit cards, issued by Mastercard and Verve, can also be used online, at POS terminals and ATMs.
Moniepoint is also deploying an automated resolution system where users can make complaints about transaction difficulties and track them. This is in alignment with CBN’s chargeback regulation of 48 hours.
Moniepoint is currently at the work of bridging banking gaps for small and medium sized enterprises.
