In an effort to streamline business operations for businesses of all sizes, Moniepoint is testing a new all-in-one point of sale terminal that integrates payment processing, inventory management, and transaction reconciliation.

With 800,000 point of sale terminals and 2 million business users, Moniepoint plans to rely on its distribution network to market the device before the end of the quarter. The robust design is designed for a variety of businesses, including roadside salespeople, allowing it to position itself against competitors like Mira and Nomba, who offer similar solutions

Moniepoint's evolution toward integrated business management aligns with global fintech trends, where companies like Stripe and Square have gone beyond payment processing to retain corporate customers. For fintechs, the challenge is finding a balance between product complexity and scalability. The success of fintechs in this space depends on their ability to adapt to the specific needs of the industry. Retail and restaurant businesses, for example, need custom integrations beyond payment processing, like kitchen display systems and logistics management