How Moniepoint’s instant credit alert makes business deals seamless

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France Dernières Nouvelles,France Actualités

Digital transfer of funds appears to be getting seamless especially with the instant credit alert introduced by one of the financial technology companies, Moniepoint Micro Finance Bank.

Nigerians had in the past few months suffered a lot of crisis in getting money across to one another when the Central Bank of Nigeria, CBN, introduced a new policy which limits withdrawals from the banks thereby resulting in a cashless economy.

Ogie said this is helping businesses using Moniepoint’s POS machines to receive instant credit alerts when their customers make transfers to their accounts. He noted: “We saw that there is a better way to do that, so what we did was that instead of waiting when you do a transfer, the alert should just hit the POS, and that transaction will be seen as a card transaction and the merchant is able to print your receipt right there.”

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France Dernières Nouvelles, France Actualités