Payments

Moniepoint Bank launches consumer app, debit card

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September 11, 2023

Moniepoint Microfinance Bank, a business banking platform subsidiary of Moniepoint Inc. in Nigeria, has introduced its consumer app and debit card. Its customers will be able to use this card at more than 1.5 million businesses, according to a press release.

With the app, customers can transfer, pay bills and buy airtime. They can use the debit cards at ATMs, point-of-sale and online. The bank will issue the debit cards through global payment processors including Mastercard and Verve.

The app will also feature games to help users earn points with each transaction through a sponsorship of this year's season of the show, Big Brother Naija.

"Launching a personal banking product means we can connect businesses and their customers more effectively, backing them with our reliable infrastructure and services," Ope Adeyemi, SVP for channels and sales tools, Moniepoint, said in the release. "We have always been committed to providing financial happiness, so it was a natural next step when dealing with so many businesses to also offer our reliable services to their customers and employees. By taking this step, we are determined to power the dreams of millions of people across the continent."