How Moniepoint is going after remittances with Monieworld
- Moniepoint launched Monieworld, enabling UK residents to send money to Nigeria via various payment methods.
- A live demo showed a transaction taking just 17 seconds, with competitive conversion rates compared to other platforms.
- Moniepoint has received $120 million in backing from investors like Google and Visa.
Bendada.com - Apr 16, 2025
BREAKING: Moniepoint launches remittance product
Moniepoint, a Nigerian fintech unicorn, has launched its remittance product, MonieWorld, allowing us
TechCrunch - Apr 16, 2025
Visa-backed African unicorn Moniepoint tackles remittances. But is it late to the game?
Visa's investment in Nigerian fintech Moniepoint marks a significant shift towards enhancing diaspor
Moniepoint's strategic approach to remittances, focusing on speed, reliability, and competitive pricing, positions it well in a growing market. However, the challenge of competing against peer-to-peer transactions and the need for compliance in new markets will require careful navigation. The expansion into other corridors could provide significant growth opportunities if executed effectively.
