Focus on Moniepoint

When fintechs talk about catering to the unbanked market, there can be more to the story than meets the eye. On one occasion, I tried to pay for some fruit from a roadside seller and asked if he'd accept a transfer – to my surprise, he said he had an account. In my banking days, this would be the kind of person whose first name was 'Mohammed Ali' and last name was, you guessed it – 'Mohammed Ali' again, both in different banks – making it difficult to get any form of banking service. With an ID card to boot that had a completely different name, 'Abubakar Ali Mohammed', any correction effort would be virtually impossible. But I was still surprised to find myself in a situation where I was being lectured by him. Despite his somewhat broken English, three things were clear: Moniepoint is fast, you will be alerted and the account number will come quickly. I made mention of different degrees of commitment by Nigerian fintechs to provide banking services for those who are not served by regular banks, and Moniepoint is on board! Moniepoint's innovative way of providing financial services to those who don't have access to banking is indicative of a dramatic change in Nigeria's fintech market and is in line with the international mission of closing the economic chasm for people in vulnerable groups. On the global stage, financial inclusion has become a popular cause. Fintech businesses worldwide are recognizing the necessity to offer their services to those without a bank account, understanding the positive influence of bringing these people into the established financial system. Historically, the unbanked have been obstructed by identity complexity and irregular paperwork. Moniepoint's streamlined processes break down these blocks, making sure that even those with once-unattainable banking services can immediately access financial services. Mentioning the vendor's ability to understand and make use of digital operations reinforces the success of such programs in providing easier access to finance. The worldwide pledge to financial incorporation necessitates the usage of modern technology and ground-breaking ideas. Moniepoint’s “fast fast, receive alert, get account number sharp sharp” concept is an echo of the urgency and effectiveness required to satisfy the financial requirements of those not served by banks. This is applicable not only in Nigeria, but also stands as an indication of the ever-changing landscape of fintech across the globe. Solutions navigates the complexities of providing financial services to Nigeria's unbanked populace, which serves as an illustration of the wider mission to guarantee that all can access banking services. This mission is a shared one that spans countries and brings people together in the pursuit of financial inclusion. As a part of this effort, fintech organizations are playing a role in economic advancement and helping to further the goals of reducing poverty and enabling sustainable development. Through their leadership, Moniepoint is acting as a signal of progress in Nigeria and the world as they strive to create a more financially inclusive society.

Source: https://medium.com/@topeliasu/spotlight-on-moniepoint-f8a40945a0aa?source=rss------fintech-5