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What happens when a PoS terminal becomes an investment outlet?

Moniepoint wants to turn the terminals Nigerians use for cash and payments into a new gateway to the capital market.

Tarun Mottlia

Via TechCabal

·Excerpt
What happens when a PoS terminal becomes an investment outlet?
Image: Image source: Moniepoint

This is the story of a terminal that wants to be more than a cash-collection machine.

Nigeria has 5.9 million active Point of Sale (PoS) terminals, and since the 2023 cash crisis, they have become instrumental in how Nigerians get cash, make payments, and keep their businesses running.

But what if the terminal that moves Nigerians’ money could also help them invest it? This is what Moniepoint is testing with Dangote Refinery’s ₦2.15 trillion ($1.62 billion) initial public offering (IPO).

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