How to make money in Monie Point. With Nigeria’s booming fintech sector, many people are turning to digital platforms to create income streams. One name that consistently stands out is MoniePoint. Whether you’re a student, unemployed graduate, business owner, or simply looking for a side hustle, you’ve probably wondered: How can I make money in MoniePoint?
In this comprehensive guide, you’ll learn everything about how to make money in MoniePoint through its various services—especially the highly lucrative POS business model.
How to make money in MoniePoint
What is MoniePoint?
MoniePoint is a licensed microfinance bank in Nigeria operated by TeamApt. It offers mobile banking, POS services, bill payments, money transfers, and financial services to individuals and small businesses.
Unlike traditional banks, MoniePoint empowers agents and entrepreneurs to make money by providing financial services to others—especially in communities where banks are inaccessible.
Also read on : Is moniepoint a bank or wallet
1. How to Make Money in MoniePoint as a POS Agent
The Point of Sale (POS) agent model is the most common and profitable way to earn with MoniePoint.
What is a MoniePoint POS Agent?
A MoniePoint agent is someone authorized to carry out banking services such as cash withdrawals, deposits, bill payments, and money transfers using MoniePoint’s POS machine.
You earn commissions on every transaction performed.
How to Become a MoniePoint POS Agent:
Visit www.moniepoint.com
Register as an agent
Provide your BVN, ID card, and utility bill
Request a POS terminal
Get trained and activated
Once approved, you can begin transactions and start earning!
How Much Can You Earn?
Your earnings depend on:
Volume of transactions
Transaction type (deposit, withdrawal, bill payment)
Location and customer base
Example:
If you charge ₦100 for every ₦5,000 withdrawal and do 100 transactions daily, that’s:
₦100 x 100 = ₦10,000/day
That’s ₦300,000 per month (before expenses like rent, data, and power).
Tip: Focus on high-footfall areas like markets, schools, or motor parks.
How to make money in MoniePoint
2. How to Make Money in MoniePoint Through Commissions
MoniePoint pays agents commissions for processing:
Bank transfers
Utility bills (electricity, water, etc.)
Cable subscriptions (DSTV, GOTV, Startimes)
Airtime and data sales
How It Works:
You buy airtime at a discounted rate (e.g., ₦95 for ₦100 worth) and sell at ₦100.
Your profit is the difference.
Example:
₦5 commission on ₦100 airtime
If you sell ₦100,000 airtime/month, you make ₦5,000 just on airtime alone.
These micro commissions add up when you serve a large number of customers.
3. Make Money in MoniePoint by Referring Others
MoniePoint has a referral program that lets you earn when you invite others to join as agents.
Steps to Earn Through Referrals:
Sign up as a MoniePoint agent
Get your unique referral code
Share it with friends, family, and online
When they register and start using MoniePoint, you earn a commission
Best Ways to Promote Your Referral Link:
Use WhatsApp status, groups
Create a Facebook business page
Post on Instagram, Twitter, TikTok
Make short YouTube videos explaining how MoniePoint works
If you refer 20 people and earn ₦2,000 per successful referral, that’s ₦40,000 from referrals alone.
4. How to Make Money in MoniePoint with Bill Payments & Recharge
Many agents make consistent money just by offering bill payment services in underserved areas.
Services include:
NEPA/PHCN bill payment
WAEC/NECO result tokens
Subscription for DSTV, GOtv
Water board payments
You get cashback or commissions for every bill processed.
Key Tip:
You can also charge a service fee (e.g., ₦50–₦100) for each transaction—especially for older clients who prefer human help over using mobile apps.
5. Make Money in MoniePoint Through Business Banking Services
If you run a business, MoniePoint allows you to:
Collect payments with POS
Pay staff salaries
Track all transactions online
Get business insights via dashboard
By using MoniePoint’s analytics and reporting, business owners reduce costs and improve efficiency—ultimately increasing profit.
Case Study:
A boutique owner uses MoniePoint to accept customer payments, reduces cash theft, gets daily sales reports, and pays less in bank charges.
This optimization is a form of indirect income—cutting costs means making more money.
6. How to Make Money in MoniePoint Without a POS Machine
Many people assume you need a POS machine to earn. That’s not true. You can still make money with just a smartphone and MoniePoint dashboard.
You can:
Transfer funds for customers
Recharge airtime/data for clients
Pay bills for a small fee
Act as a mobile agent in your community
Example:
Students in school hostels can earn money by helping classmates with airtime and bill payments.
7. Tips to Boost Your Income on MoniePoint
To maximize how you make money in MoniePoint, follow these tips:
Offer All Services
Don’t just focus on withdrawals. Offer:
Deposits
Airtime
Bill payments
Transfers
Card activation
Location Matters
Choose a busy area like a bus stop, market, or school zone.
Be Available Always
Open early, close late—especially on weekends. People need banking help when banks are closed.
Excellent Customer Service
A polite smile and quick service = returning customers = more money.
Use Signboards
Advertise all services you offer so people don’t miss your location.
How Safe is it to Make Money in MoniePoint?
MoniePoint is licensed by the Central Bank of Nigeria (CBN) and insured by NDIC, which makes it a secure platform.
Security Features:
Encrypted transactions
PIN-protected POS machines
Real-time dashboard tracking
Customer support for dispute resolution
So yes, it’s not only profitable but also safe.
Frequently Asked Questions (FAQs)
Q1: Do I need a CAC to become an agent?
No, individuals with valid ID and BVN can register. But having a CAC registration may speed up the process.
Q2: How long does it take to get a POS machine?
Usually 2–7 days depending on your location and demand.
Q3: How much does a MoniePoint POS cost?
It can range from ₦25,000 to ₦35,000, depending on current pricing and availability.
Q4: Is there any monthly target to meet?
No monthly target, but more transactions = more profit.
Q5: Can I use MoniePoint as a business bank?
Yes. You can create a MoniePoint business account, access statements, and pay employees.
Final Thoughts: Is MoniePoint a Profitable Venture?
Absolutely. If you’re looking for a low-barrier way to enter the financial space, MoniePoint offers one of the best options in Nigeria.
Whether as a POS agent, referral marketer, bill payment center, or business user—there are multiple ways to make money in MoniePoint.
With the right mindset, good customer service, and strategic location, you can turn MoniePoint into a steady and scalable source of income.
Leave a Comment