Moniepoint Processes 80 Percent of Nigeria’s In-Person Payments in 2025

The figures underline the fintech’s growing dominance in the country’s payments ecosystem and reflect its evolution from a back-end technology provider into one of Nigeria’s most influential financial platforms.

From Banking Infrastructure Provider to Financial Powerhouse

Moniepoint began operations more than a decade ago as a technology company that supported banks with payment infrastructure. Over time, it expanded into merchant services, agency banking, and consumer finance, gradually building one of the largest transaction networks in the country.

In 2025, the company secured a national microfinance bank licence in Nigeria, strengthening its position as a full-service financial institution serving both businesses and individuals across multiple regions.

This regulatory upgrade has enabled Moniepoint to deepen its footprint while offering a broader range of financial products under a single platform.

Dominance in Merchant Acquiring and Point-of-Sale Payments

A major driver of Moniepoint’s scale is its role as Nigeria’s largest merchant acquirer, providing point-of-sale terminals and payment processing services to millions of businesses.

Through its subsidiaries, the company supports most of the country’s physical payment transactions and processes more than $250 billion in annual digital payment value.

Its extensive network of merchants and agents has made Moniepoint a central player in everyday commerce, particularly among small and medium-sized enterprises that rely heavily on point-of-sale systems for revenue collection.

Transaction Volumes and Customer Reach in 2025

The company’s 2025 report shows that Moniepoint processed ₦412 trillion in transaction value and completed more than 14 billion transactions during the year.

During the same period, the fintech served over six million businesses and provided banking services to more than 16 million individual users.

These figures highlight the depth of its market penetration and its role as a critical financial intermediary in Nigeria’s largely cash-to-digital transition.

Credit Services and Impact on Small Businesses

Beyond payments, Moniepoint has expanded its lending operations to support merchant growth and working capital needs. In 2025, the company disbursed more than ₦1 trillion in loans to small businesses. Borrowers recorded an average 36 percent increase in transaction value after receiving credit, indicating improved liquidity and operational capacity.

This close link between payments data and credit assessment has allowed Moniepoint to offer targeted financing while reducing default risks.

Expanding Into Business Management Tools

To strengthen its relationships with merchants, Moniepoint has moved beyond payment processing into business management services. In 2025, the company launched Moniebook, a platform that integrates payments with bookkeeping and financial record-keeping tools. The product is designed to help small businesses monitor cash flow, track expenses, and manage operations more efficiently.

This shift positions Moniepoint not only as a payments provider but also as a long-term partner in business development.

Extending Its Ecosystem Beyond Nigeria

While in-person payments remain central to its domestic operations, Moniepoint is also expanding internationally through diaspora-focused services. Its UK-based remittance product, MonieWorld, targets Nigerians living abroad who send money to individuals and businesses at home. The service connects cross-border transfers directly to Moniepoint’s local merchant network.

Growth has been driven largely by word-of-mouth within Nigerian communities in the United Kingdom, strengthening the company’s presence in international remittance corridors.

Investor Backing and Expansion Strategy

Moniepoint’s operational growth has been matched by strong investor confidence. In 2025, the company raised more than $200 million in Series C funding from Development Partners International, Google’s Africa Investment Fund, Visa, the International Finance Corporation, and Verod Capital.

According to the company, the funding will support expansion across Africa and diaspora markets. However, current performance data suggests that its greatest influence remains in Nigeria’s everyday commercial activity.

Read More: Payaza Secures Triple Credit Rating, Redefining African Fintech Standards

What Moniepoint’s Market Share Signals for Nigeria’s Payments Industry

Moniepoint’s control of 80 percent of in-person payments highlights the rapid consolidation taking place in Nigeria’s fintech sector. Its ability to combine payment processing, lending, banking, and business tools within a single ecosystem has created strong network effects that are difficult for competitors to replicate.

As regulators, investors, and consumers continue to scrutinise the sector, Moniepoint’s next challenge will be maintaining growth while navigating increasing compliance demands and competitive pressures. For now, its 2025 performance confirms its position as one of the most influential players shaping the future of Nigeria’s digital and physical payment infrastructure.