Moniepoint renews onboarding with referrals

Moniepoint Microfinance Bank (Moniepoint MFB) has relaunched its personal banking referral programme as part of efforts to drive onboarding of new customers.

Moniepoint MFB had paused onboarding as the Central Bank of Nigeria (CBN) scrutinised and tightened loopholes in the financial technology (fintech) services sector.

The referral programme is designed to reward users every time their friends or family perform a transaction on Moniepoint after signing up with their referral link. Through this, millions of people will earn well over N100,000 from referrals alone.

Moniepoint’s technology has powered over three million businesses across Nigeria, and with its reliable infrastructure now in the hands of personal users, it now enables seamless payments for many across the country.

With referrals linked to transfers, a leading payment method for many in Nigeria, this referral program will provide extra income for many of its users.

Managing Director, Moniepoint MfB, Babatunde Olofin, said the customer-centric referral programme supports the bank’s focus on driving financial inclusion while helping to accelerate its vision of creating a society where everyone experiences financial happiness.

“We know how important seamless financial transactions are, and we’ve seen first-hand the power of peer to peer recommendations and how word-of-mouth referrals can grow a customer base and increase revenue. Given our strong customer obsession and the strings of commendations which we have received that validate the work we do in providing peerless financial services, we want to provide our customers with rewards even as they continue to share these positive experiences with the Moniepoint brand,” Olofin said.