
In this review, we will be comparing Opay POS and Moniepoint POS, highlighting their features, advantages, and disadvantages.
In recent years, the payment system in Nigeria has evolved rapidly, with the emergence of several payment platforms that have revolutionized the way people transact business.
Two of the most popular payment platforms in Nigeria are Opay and Moniepoint. These platforms have become popular due to their ease of use, reliability, and accessibility.
Opay POS

Opay is an African fintech company that offers payment solutions to individuals and businesses.
The company was founded in 2018 by Opera Software, a Norwegian company that specializes in web browsers, advertising, and fintech.
Opay offers a range of payment solutions, including mobile money, e-commerce, and a point of sale (POS) terminal.
Features of Opay POS
- Accepts Multiple Payment Options:
Opay POS accepts several payment options, including card payments, bank transfers, and mobile money. This feature makes it easier for customers to pay for goods and services without any hassle.
- Reliable Network Coverage:
Opay POS has a reliable network coverage that ensures seamless payment transactions, even in areas with poor network coverage.

This feature is essential for businesses that operate in remote areas.
- Fast Transactions:
Opay POS processes payment transactions quickly, allowing businesses to serve more customers within a short period.
This feature is especially important for businesses that experience a high volume of transactions.
- User-Friendly Interface:
Opay POS has a user-friendly interface that makes it easy for business owners to manage transactions, generate reports, and monitor their business performance.
Advantages of Opay POS
- Easy to Use:
Opay POS is easy to use, even for individuals with limited technical skills. The POS terminal comes with a simple user interface that requires minimal training.
- Wide Acceptance:
Opay POS is widely accepted by businesses across Nigeria, making it a popular payment option for customers.
- Affordable Charges:
Opay POS charges are affordable, making it an ideal payment solution for small businesses and startups.
- Access to Loan:
Opay POS users have access to loans that can be used to grow their businesses.
Also Read: Is OPay a Bank or Wallet?
Disadvantages of Opay POS
- Limited Features:
Opay POS has limited features compared to other payment platforms, which may not be ideal for businesses that require advanced payment options.
- Unreliable Customer Support:
Opay POS customer support can be unreliable, which can lead to delayed response times and unresolved issues.
- Restricted to Opay Wallet:
Opay POS transactions are restricted to the Opay wallet, which may limit the payment options for customers.
Moniepoint POS
Moniepoint is a payment platform that offers payment solutions to individuals and businesses.
The company was founded in 2020 by Monnify, a Nigerian fintech company that specializes in payment solutions. Moniepoint offers a range of payment solutions, including mobile money and a point of sale (POS) terminal.
Features of Moniepoint POS
- Accepts Multiple Payment Options:
Moniepoint POS accepts several payment options, including card payments, bank transfers, and mobile money. This feature makes it easier for customers to pay for goods and services without any hassle.
- Reliable Network Coverage:
Moniepoint POS has a reliable network coverage that ensures seamless payment transactions, even in areas with poor network coverage. This feature is essential for businesses that operate in remote areas.
- Fast Transactions:
Moniepoint POS processes payment transactions quickly, allowing businesses to serve more customers within a short period.
This feature is especially important for businesses that experience a high volume of transactions.
- User-Friendly Interface:
Moniepoint POS has a user-friendly interface that makes it easy for business owners to manage transactions, generate reports, and monitor their business performance.
Advantages of Moniepoint POS
- Advanced Features:
Moniepoint POS has advanced features, including inventory management, transaction reports, and sales analytics, which make it ideal for businesses that require advanced payment options.
- Wide Acceptance:
Moniepoint POS is widely accepted by businesses across Nigeria, making it a popular payment option for customers.
- Affordable Charges:
Moniepoint POS charges are affordable, making it an ideal payment solution for small businesses and startups.
- 24/7 Customer Support:
Moniepoint POS has 24/7 customer support, which ensures prompt response times and timely resolution of issues.
Also Read: Moniepoint POS Machine Reviews 2023
Disadvantages of Moniepoint POS
- Limited Network Coverage:
Moniepoint POS network coverage may be limited in some areas, which may lead to delayed payment transactions.
- Limited Access to Loans:
Moniepoint POS users have limited access to loans compared to other payment platforms.
- Limited Brand Awareness:
Moniepoint POS is a relatively new payment platform, which may limit its brand awareness and adoption by customers.
Opay POS vs Moniepoint POS: A Comparison
- Payment Options:
Opay POS and Moniepoint POS accept multiple payment options, including card payments, bank transfers, and mobile money.
This feature makes it easier for customers to pay for goods and services without any hassle.
- Network Coverage:
Opay POS and Moniepoint POS have reliable network coverage that ensures seamless payment transactions, even in areas with poor network coverage.
However, Moniepoint POS may have limited network coverage in some areas.
- Transaction Speed:
Opay POS and Moniepoint POS process payment transactions quickly, allowing businesses to serve more customers within a short period.
However, Moniepoint POS may experience delays in payment transactions due to limited network coverage.
- User Interface:
Opay POS and Moniepoint POS have user-friendly interfaces that make it easy for business owners to manage transactions, generate reports, and monitor their business performance.
- Advanced Features:
Moniepoint POS has advanced features, including inventory management, transaction reports, and sales analytics, which make it ideal for businesses that require advanced payment options.
Opay POS has limited features compared to Moniepoint POS.
- Customer Support:
Moniepoint POS has 24/7 customer support, which ensures prompt response times and timely resolution of issue.
Opay POS customer support can be unreliable, which can lead to delayed response times and unresolved issues.
- Brand Awareness:
Moniepoint POS is a relatively new payment platform, which may limit its brand awareness and adoption by customers.
Opay POS is a popular payment platform in Nigeria, making it a familiar brand to customers.
Conclusion
In conclusion, Opay POS and Moniepoint POS are both reliable payment platforms that offer a range of payment solutions to businesses and individuals in Nigeria.
They both have their advantages and disadvantages, making it important for businesses to choose the payment platform that best suits their needs.
Moniepoint POS may be more suitable for businesses that require advanced payment options,
While Opay POS may be ideal for businesses that require a simple and affordable payment solution.
Ultimately, the choice between Opay POS and Moniepoint POS depends on the specific needs and preferences of the business owner.
