moniepoint

  1. Banks to Implement 7.5% VAT on Transfers and USSD Transactions

    Nigeria Banks to Implement 7.5% VAT on Transfers and USSD Transactions

    Moniepoint and other Nigerian financial institutions will begin applying a 7.5% Value Added Tax on electronic transfers and USSD transactions starting January 19, Key Points: Moniepoint and other banks will apply 7.5% VAT on transfers and USSD transactions. The charge takes effect January...
  2. Crossing currency lines: Moniepoint Gets Green Light to Enter Kenyan Market

    Africa Crossing currency lines: Moniepoint Gets Green Light to Enter Kenyan Market

    In African business, borders exist on maps, but opportunities flow beyond them. Nigeria's Moniepoint has cleared a crucial hurdle in its East African expansion, securing Kenya's competition authority approval to acquire a 78% stake in Sumac Microfinance Bank. This isn't just another...
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