Moniepoint rewards customers with N100000 from personal banking referral programme


Ime Akpan

Moniepoint MFB has re-launched its personal banking referral programme to drive the on-boarding of new customers.

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

The bank said in a statement that through the programme, millions of clients will earn well over N100, 000 from referrals alone.

It stated that 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.

Commenting on the product, the managing director of Moniepoint MfB, Mr Babatunde Olofin described it as “customer-centric.”

He said the 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.”

Moniepoint’s technology has powered over three million businesses across Nigeria.

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.

Each current and new personal account holder has been provided with a unique referral code, which is identical to their account username and is visible in the Referral Section on the Personal Banking app.

The code/link can be shared with anyone, who, upon signing up and transacting with the Moniepoint Personal Banking app, will contribute to rewards for the referrer.