Is Moniepoint Legit or Scam? Is it approved by CBN?

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Moniepoint is a financial technology (fintech) company that provides a variety of financial services in Nigeria, including airtime and data top-up, bill payments, bank transfers, Cash withdrawals, POS services, business loans

Is Moniepoint Legit?

Yes. Moniepoint is a legitimate company that is duly licensed by the Central Bank of Nigeria (CBN). It is also a member of the Nigeria Interbank Settlement System (NIBSS).

This means that Moniepoint is regulated by the CBN and is subject to the same security and compliance standards as other financial institutions in Nigeria.

There are a number of reasons to believe that Moniepoint is a legit company. First, it has been in operation for over 10 years and has a good track record of providing reliable financial services.

Second, it is backed by a strong team of experienced financial professionals. Third, it has a large network of agents and partners across Nigeria.

Of course, no financial institution is immune to fraud. However, Moniepoint has a number of security measures in place to protect its customers’ money, such as:

  • SSL encryption
  • Two-factor authentication
  • Fraud monitoring

If you are looking for a safe and reliable way to send and receive money in Nigeria, Moniepoint is a good option. The company has a proven track record, a strong team of professionals, and a robust security infrastructure.

Here are some additional things to keep in mind when evaluating the legitimacy of Moniepoint:

  • The company has a website that is secure and easy to use.
  • The company has a customer support team that is responsive and helpful.
  • The company has a good reputation online, with positive reviews from customers.

Is Moniepoint Approved by CBN?

Yes, Moniepoint is approved by the Central Bank of Nigeria (CBN). It is a licensed microfinance bank and a member of the Nigeria Interbank Settlement System (NIBSS). This means that Moniepoint is regulated by the CBN and is subject to the same security and compliance standards as other financial institutions in Nigeria.

Moniepoint’s banking license was issued in 2022. It is the first fintech company in Nigeria to be granted a banking license. This license allows Moniepoint to offer a wider range of financial services, such as savings accounts, loans, and investments.

You can find Moniepoint’s CBN registration number on its website. The number is CBN/MFB/0089.

Final note

If you are looking for a safe and reliable way to send and receive money in Nigeria, Moniepoint is a good option. The company is regulated by the CBN and has a proven track record of providing financial services.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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