Moniepoint processes N412trn in payments, underlining dominance in Nigeria’s retail transactions

If Nigeria’s retail economy were a city, Moniepoint would be the traffic system keeping everything moving.

The Nigerian fintech has disclosed that it processed ₦412 trillion in transaction value in 2025, while also disbursing over ₦1 trillion in loans to small businesses — a clear sign of its growing dominance in the country’s payments and credit ecosystem at a time when banks are tightening lending.

14 Billion Transactions, Everywhere You Look

Moniepoint says it handled more than 14 billion transactions in 2025 and now powers around 80% of all in-person payments nationwide.

That means from roadside vendors and neighbourhood shops to open-air markets, millions of daily purchases are flowing through a handful of fintech platforms — with Moniepoint leading the pack.

How POS Machines Took Over the Streets

The company’s scale mirrors a larger shift in Nigeria’s payments culture.

Point-of-sale terminals and digital transfers have become the backbone of everyday commerce, especially in informal and semi-formal markets where traditional bank branches and ATMs are often absent.

Analysts say fintech-led acquiring has moved faster than bank infrastructure by building tools that fit how Nigerians actually trade — quick, mobile and flexible.

From Quiet Backend to Fintech Giant

Founded in 2015, Moniepoint began as a backend technology provider. Today, it has grown into Nigeria’s largest merchant acquirer, offering payments, digital banking, credit, foreign exchange and business management services.

The platform now supports over 6 million active businesses, many of them small enterprises that keep local economies alive.

Filling the SME Credit Gap

Moniepoint’s dominance in payments has opened doors in lending.

By analysing transaction data and business patterns, the company expanded credit access to traders often shut out by banks, disbursing more than ₦1 trillion in loans through its microfinance banking unit in 2025.

“Our focus has been on building infrastructure that works for how businesses actually operate,” said Tosin Eniolorunda, Moniepoint’s founder and CEO.

Big Money, Bigger Ambitions

In 2025, Moniepoint raised over $200 million in Series C funding, backed by investors including Google’s Africa Investment Fund, Visa, IFC, Development Partners International and Verod Capital.

Its processing arm, TeamApt Ltd, also secured Mastercard and Visa licences, allowing it to handle international card payments and offer switching services across Africa. Meanwhile, its web payments gateway, Monnify, processed ₦25 trillion in transactions during the year.

Why This Matters

As Nigeria pushes deeper into digital payments, Moniepoint’s growing share of retail transactions shows how non-bank players are reshaping the financial system.

Fintechs are no longer just alternatives — they are becoming core infrastructure, quietly powering how money moves across Africa’s largest economy.

And right now, Moniepoint is at the centre of that flow.