What happens when a PoS terminal becomes an investment outlet?
This is the story of a terminal that wants to be more than a cash-collection machine.
This narrative explores how Nigeria's Point of Sale (PoS) terminals, already instrumental in financial transactions, could also serve as investment platforms. The fintech firm Moniepoint, with over a million PoS terminals, is testing this concept by distributing shares in Dangote Refinery's initial public offering (IPO), valued at ₦2.15 trillion ($1.62 billion).
Nigerians can visit agent locations, verify their identity via Bank Verification Number (BVN), and purchase shares directly without needing specialized investment apps or brokers. This approach could democratize investment access, targeting 10 million retail investors and leveraging Nigeria's second-largest payment channel, PoS terminals, which saw 15.66 billion transactions in 2025.
PoS terminals are more frequently used than mobile apps, presenting a unique opportunity for Moniepoint to expand its network and demonstrate how PoS terminals could act as a physical distribution layer for financial products. Daniel Ojinaka, a product lead at Moniepoint, emphasizes the company's goal to extend beyond payments and create inclusive financial solutions for all Nigerians.
The article also mentions the Nigerian Exchange Group's expansion of its NGX Invest platform through WhatsApp, further enhancing access to public offers.
Written by urgent.news from TechCabal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
