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Business Tips

December 05, 2023

5 mins read

Is Moniepoint Safe to Keep Money? Plus Advantages of Having A Moniepoint Account

by Moniepoint MFB

Yes, Moniepoint is safe. 

Moniepoint Microfinance Bank is regulated by the CBN and received an award for the most inclusive payment platform in 2022. 

Therefore if you are wondering if you can keep your money with Moniepoint or if you should adopt it as your preferred banking partner, the short answer is Yes and you will find more reasons to choose Moniepoint in this article.

About Moniepoint

To provide financial solutions to businesses, Tosin Eniolorunda and Felix Ike founded Moniepoint Inc. (formerly TeamApt Inc.) in 2015. 

Moniepoint expanded its assistance for businesses using its solutions with the launch of its Personal Banking product line in August 2023. Individual customers can use this product to get bank accounts and cards for bill payments and money transfers.

Recently, QED Investors invested in Africa with Moniepoint, a global platform for corporate banking and payments. In addition to its London headquarters, the financial institution operates remotely, with a diverse workforce across the globe. 

Is Moniepoint Safe to Keep Money?

Moniepoint operations are governed by the CBN’s regulatory framework, which includes strict adherence to Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations.

Moniepoint also currently serves over 1.6 million businesses and now records an average of 400 million transactions monthly valued at $12 billion. 

Many users have found it beneficial for different financial transactions. 

Here are some user reviews and responses:

  • Customer support at Moniepoint has been rated favorably by some users, who say they are helpful and responsive when they have questions or run into challenges
  • Customers value Moniepoint’s ease of use for routine activities like money transfers, bill payments, and airtime top-ups
  • Users say it saves them time and the stress of standing in long queues at physical offices
  • Moniepoint frequently offers cashback rewards and transaction discounts, which users find enticing. It’s like getting a little something extra with each payment
  • Many users praise the app’s user-friendly interface

Advantages of Having A Moniepoint Account

You get to enjoy all these and even more with Moniepoint:

  • Easy payment of bills
  • Fast and Reliable money transfer
  • Loan collection
  • Receiving money
  • Buying of airtime and data
  • Reliable POS Services
  • 24 hours daily service time.

Does Moniepoint Have a Physical Office?

Yes, Moniepoint has a physical office located in Ibadan and support offices in all states in Nigeria.

How Can I Contact Moniepoint?

You can place a call by dialing this number +23418889990  or send an e-mail to [email protected]

You can also contact Moniepoint right here https://moniepoint.com/ng/contact or visit any of their physical offices at different locations in Nigeria from 8 am to 5 pm, every Monday to Friday. 

  1. Oyo Office Oyo-Ibadan Road, Idi-Agba, Ilora, Ibadan, Oyo State
  2. Lagos Office 86 Allen Avenue, Ikeja, Lagos
  3. Lagos Office Blossom J Mall, Km 37 Lekki Epe Exp. Ibeju Lekki , Lagos
  4. Abia Office 3rd-floor slot building, 1 Ohafia Street, Aba, Abia State
  5. Abuja Office 22, Ajase Street, Wuse 2, Abuja Municipal Area Council, Abuja
  6. Adamawa Office Mubi Road Beside First Bank Jimeta, Yola, Adamawa State
  7. Akwa Ibom Office 2, Ikot Ekpene Road, Uyo, Akwa Ibom State
  8. Bauchi Office 5 Banks Rd, 740222, Bauchi State
  9. Bayelsa Office 31 Imbi Road Amarata Yenagoa, Bayelsa state
  10. Benue Office 73, Iorcha Ayu Road, Wurukum, Makurdi, Benue State
  11. Calabar Office 25/27 Murtala Muhammad highway, Calabar Municipal, Cross River State
  12. Warri Office 255 Warri-Patani Road, Delta State
  13. Benin Office 53 Mission Rd, Use 300102, Benin City, Edo State
  14. Ado-Ekiti Office Ago Plaza, Along Oba Aldesannmi way, Ajilosun, Ado-Ekiti, Ekiti state
  15. Enugu Office 2B O’Connor St, Achara 400102, Enugu State
  16. Gombe Office Adamu Fura House, Adjacent Ecobank , Bui Road, Gombe State
  17. Owerri Office 27 Kagha Street, Owerri, Imo State
  18. Jigawa Office Hadejia LG Maje Road, Nguru Road, Jigawa State
  19. Kaduna Office 16 Muhammadu Buhari Way, adjacent to Bank of Industry, City Centre 802125, Kaduna State
  20. Kano Office 29 Sokoto RdNassarawa 700213, Kano State
  21. Katsina Office Kurfi House No.193 2nd Floor. IBB Way, Katsina State
  22. Lokoja Office Obason Plaza, opposite Idrinana Hotel phase 2 Lokoja Kogi State
  23. Ilorin Office 14, Station Road G.R.A , Ilorin, Kwara State
  24. Lafia Office Beside presidential lodge off Shendam Road, Lafia Nassarawa state
  25. Niger Office Turke house, before FRSC, Niger State
  26. Abeokuta Office Moyo House, Beside Ibara Police station, Omida, Abeokuta, Ogun State
  27. Akure Office 40 Suit A,2nd Floor, beside First Baptist Church, Oba-Adesida Road, Akure.
  28. Osogbo Office 53, Station Road, Ola Adura Plastic Building, Osogbo, Osun State
  29. Ibadan Office 42, Keneth Dike way, Secretariat Road, OGC building, Favos junction, Bodija Ibadan, Oyo State
  30. Jos Office 5 Bauchi Road, Jos, Plateau State
  31. Port Harcourt Office Oklen Suites, 1 Evo Road, GRA Phase 2, Port Harcourt
  32. Sokoto Office Beside Fire Service Station Arkilla Lowcost, Sokoto State
  33. Jalingo Office 2nd floor Hanny’s opposite Jalingo main motor park along Jalingo-Yola road, Taraba State
  34. Gusau Office Trust fund house by UBA Kantin Daji, Gusau Zamfara State

How to Download and Install the Moniepoint App

The process is simple and takes only a few minutes to complete. Simply follow the step-by-step process below to download and install the app on both Android and iOS devices.

For iOS Users:

  • Open the Apple App Store on your iOS device
  • Use the search bar at the top of the screen to search for “Moniepoint” 
  • Choose the application from the search results
  • Tap the “Get” button to start the installation process
  • Enter your Apple ID and password to confirm the installation if prompted
  • Tap the “Open” button to launch the app once the installation is complete.

For Android Users:

  • Visiting the Google Play Store  on your Android device
  • Search for “Moniepoint” using the search bar at the top of the screen
  • Select the app from the search results
  • Tap the “Install” button to start the installation process
  • Tap the “Open” button to launch the app once the installation is complete.

Conclusion

Moniepoint is safe, easy to use, and convenient to manage. To meet your various financial needs, Moniepoint provides reliable solutions available 24 hours every day. 
Do you need the utmost reliability and peace of mind in the ever-revolving financial world? Open an account with Moniepoint now!

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