Business and Finance

How To Become Moniepoint Aggregator and Moniepoint Agent

How To Make Money as a Moniepoint Aggregator and Moniepoint Agent

P.O.S. business is one of the most thriving businesses in Nigeria, today. Graduates without jobs now emulate the business, in other to make ends meet, This business has grown stronger, to the extent its owners have begun monopolizing, having branches at different strategic locations. It is a lucrative business to dive into, provided you are in a location where there are high market chances.

This business has lessened the burden off traditional banks, that is to say; there is a reduction of people, queuing in banks for deposits or withdrawals. One can start this business with very little capital. For this content, we would be looking into; “How can one become a midpoint aggregator and agent”

About Moniepoint

First of all, Moniepoint is a digital banking channel, which provides it us to access; multiple transactions at our fingertips, which includes Bill payments, Airtime Top Up, Money Transfers, and so on. Today, Moniepoint P.O.S. stands out as one of the most rapidly growing banking platforms, taking the lead after Opay. One of the beauties of this platform is that, one can transact, out of town and far from coverage, without issues of “No Network”. 

The brain behind this amazing platform is “Tosin Eniolorunda” Ever since its inception, he has provided solutions to people, with the need to bank on the go, while running their businesses. 

Sponsored Links

Among Moniepoint’s features is its accessibility to its P.O.S enabled devices, we would be looking through; “how to become a Moniepoint P.O.S agent, as well as covering the commission entitled to the agent, and other related things.

Who is a Moniepoint Agent?

A Moniepoint Aggregator or Agent provides a large variety of payment services; some of these services include; money transfers, money withdrawal withdrawals, bill payments, airtime top-ups, and so on. Moniepoint supports different kinds of payment channels (in the event of deposits), including mobile banking, bank transfers, USSD banking, and card payments.

This makes it stress-free and convenient for both business owners and individuals to make payments, and accept payments, through their desired payment method.

How To Become a Moniepoint Agent

There aren’t any difficulties in obtaining; a Moniepoint P.O.S machine, what you need to do, is just locate or contact their nearest office to you. An Agent would be available to put you through the registration process and the necessary steps; needed to successfully get your P.O.S.

The cost of obtaining the machine is N21,500, which is cheaper than other service provider machines. It is essential to note that, when applying for a Moniepoint P.O.S machine, you should only do that in an approved center.

The below carry steps and guidance on how to become a Moniepoint Agent;

  • Firstly, visit their website:
  • Scroll down and click on “Activate for N21,500 only.
  • Fill in the registration form appropriately, then submit it.
  • You would be required to verify your phone number.
  • After confirming your phone number, an agent would contact you, within two working days.
  • The agent would put you through the registration process, and confirm you as an agent.
  • After confirming you as an agent, you can log onto your dashboard, to manage your account. 

Document Required For Moniepoint Agent Registration

You should also note, that during the registration process for becoming an agent, you would be required to come up with the following;

  • A Business certificate or License (CAC)
  • Bank Verification Number (Utility Bill
  • Bank Account Number
  • Means of Identification; National Identity card, Voters Card, Drivers license, or any other acceptable card. 

Login Into Moniepoint

Once you finished the registration process, to log in and access your dashboard, kindly follow the below steps;

Moniepoint P.O.S transaction Charges 

Moniepoint has a very low transaction charge, unlike others, they are even the cheapest. Moniepoint charges based on the number of transactions the agent carries out. They have a fixed charge fee of N20 when transacting with any of Nigeria’s traditional banks.

As the amount withdrawn increases, charges grow further, aside from this; there are no hidden or extra charges. However below is an overall breakdown of how Moniepoint charges;

  • 0.5% charge of the transaction amount for withdrawals between N1 to N20,000
  • N100 charges for transactions above N20,000
  • N20 flat rate  for transfers

While for utility, cable tv, airtime, and data charges, Moniepoint POS charges the following:

  • MTN 3% commission
  • Glo 4% commission
  • DSTv 2% commission
  • GOTv 2% commission
  • PHCN 2% commission
  • 9Mobile 4.5% commission
  • Airtel 4% commission
  • 5. For TV Subscription
  • Star Times 2% commission

Transaction limits

Just like other service providers, Moniepoint has a transaction limit. This is for only users who haven’t upgraded from the default business level. As an agent or a Moniepoint user, there would be a time when transacting with a higher amount as than usual, you would come across an error saying “Transaction Exceeds Daily” or something like that, don’t panic, it is relatively easy to fix.

To solve the above, you will need to upgrade your KYC level, to a higher one, To achieve this log into your account, click the hamburger icon, select settings, and click on “Transaction limits” From there you would be able to upgrade your KYC, and be able to transact with a higher amount than usual.


What is Moniepoint, and how does it work?

Moniepoint is a leading financial technology company in Nigeria that offers a digital payment solution. It allows individuals and businesses to send, receive, and make payments using their mobile phones. As an aggregator and agent, you can partner with Moniepoint to provide these services to your customers.

How can I become a Moniepoint aggregator?

To become a Moniepoint aggregator, you need to follow a few steps. Firstly, visit the Moniepoint website or contact their support team to express your interest. You will then be required to provide the necessary documentation, such as proof of identity, proof of address, and a business registration certificate (if applicable). Once your application is approved, you will undergo training and receive the necessary tools to start operating as a Moniepoint aggregator.

What are the requirements to become a Moniepoint agent?

To become a Moniepoint agent, you will need to meet certain criteria. These typically include having a valid government-issued identification document, a bank account, a smartphone, and access to the Internet. Additionally, you should have basic knowledge of mobile technology and possess good interpersonal and communication skills to assist customers effectively.

How can I earn money as a Moniepoint aggregator or agent?

As a Moniepoint aggregator or agent, you can earn money through commissions and fees. You will receive a commission for every transaction made through your platform, such as cash withdrawals, fund transfers, bill payments, and airtime purchases. The more transactions you facilitate, the more income you can generate. Moniepoint usually provides transparent commission structures, so it’s advisable to review the terms and conditions before starting.

How can I promote my Moniepoint aggregator or agent services?

To promote your Moniepoint aggregator or agent services, you can adopt various strategies. Start by creating awareness within your community by leveraging word-of-mouth marketing. You can also distribute flyers, put up posters, or use local advertising channels. Additionally, consider utilizing digital marketing techniques such as social media marketing, email campaigns, and search engine optimization to reach a wider audience. Building relationships with local businesses and offering excellent customer service can also help attract more customers.


Becoming a Moniepoint aggregator or agent can be a lucrative opportunity in the financial technology sector. By partnering with Moniepoint, you can offer convenient digital payment services to customers, earn commissions, and contribute to financial inclusion in Nigeria. Remember to fulfill the requirements, undergo training, and promote your services effectively to maximize your success as a Moniepoint aggregator or agent.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button