Startups

Moniepoint Unveils New Touchscreen POS Device After 7 Months in Stealth.

Martha Odutola3 months Ago1 Mins read63

Written by Martha Odutola

Moniepoint has officially launched its new touchscreen point-of-sale (POS) device, marking a significant step forward in retail payment technology in Nigeria. The launch comes seven months after it was first revealed that the fintech unicorn was quietly working on a POS solution designed to streamline retail operations.

The new device doesn’t just process payments, it integrates seamlessly with Moniebook, the company’s inventory management software. With just a few taps, vendors can log sales, process payments, update stock records, and print receipts instantly. This automation tackles one of the most time-consuming pain points in retail: reconciling inventory with payment records.

In Nigeria’s bustling retail sector, reconciliation often takes hours, costing businesses valuable time and sometimes profit. Moniepoint’s POS device aims to eliminate that lag entirely, making reconciliation as instantaneous as payment.

The move positions Moniepoint alongside startups like Orda and Mira, which are also innovating in the POS space. However, Moniepoint’s advantage lies in its large existing merchant network and ability to combine payments, inventory, and accounting into one easy-to-use system.

For small and medium businesses, this device could be more than just a payment terminal, it could be the new command center for their daily operations.