By Ayomide Otitoju
A new report titled “How Moniepoint is Driving Trade in West Africa’s Largest Market” has spotlighted the transformative role of Moniepoint’s digital solutions in Onitsha, Nigeria’s commercial powerhouse.
Based on field data and trader testimonials, the report highlights how Moniepoint’s platform has streamlined transactions, boosted small business efficiency, and improved access to finance. CEO Tosin Eniolorunda noted that the company’s mission is “to empower businesses with reliable, secure tools that foster resilience.”
Moniepoint’s integration of payment processing, credit access, and business support has reduced theft risks and eliminated reliance on physical cash — a major breakthrough for market operators. The report also explored the Igbo apprenticeship system, showing how digital tools are supporting a new generation of entrepreneurs.
Traders now use digital transaction histories to secure loans and respond to market shifts, a vital advantage in the fast-paced Onitsha economy. Moniepoint’s local account managers have also helped build trust, bridging cultural and linguistic gaps.
With over $17 billion processed monthly, Moniepoint continues to scale its impact, deepening financial inclusion across Nigeria’s informal sector and beyond.
