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Moniebook is a much-anticipated all-in-one POS system built on Moniepoint's payment infrastructure to go beyond mere payments. It integrates payment processing, inventory tracking, analytics, reporting, discounts, and lending into one unified solution.
However, despite the fact that some merchants and business organizations like toll gates have been using it to manage their businesses, Moniepoint has explicitly made it cleared that Moniebook has not yet launched but is still in active development.
Moniebook automates the reconciliation of sales and inventory—something most current POS systems in Nigeria don’t do. With a single tap, merchants can process a sale and have inventory counts updated instantly.
The POS system uses cloud-base storage to store business financial activities securely, and as a horizontal SaaS—unlike niche sector-focused alternatives—Moniebook is designated for variety of small and mid-sized businesses (SMEs).
During its beta phase, more than 4,000 businesses used it across sectors including restaurants, roadside shops, supermarkets, fuel stations, and even a toll gate that tracked different vehicle types as “inventory”. Moniebook is more than just a POS—it’s a full business operations hub in one.
Here are various ways the Smart POS software can be used for business purposes in Nigeria.
How to Use Moniepoint
Moniebook Works for Unified Payment and Inventory Management.
Aside from the fact that Moniebook automates the reconciliation of sales and inventory, the Smart POS system also offers dual interface: administrative dashboard and POS interface.
The administrative dashboard (also known as Back-office dashboard) is the POS system interface designed for business owners, administrators, and managers to manage business's activities such as payments, restocking, adding price and more.
In addition to that, Business owners set up products—such as adding names, categories, barcodes, cost and selling prices, opening stock, variants, and bundles—through the backend office dashboard.
On the other hand, the POS register interface is a dashboard designed for front-line staffs to manage business operations in-store. It's the real POS terminals with in built printers and cameras which are used for scanning items barcode for pricing.
Individual front-line staffs are tied to a login username with PIN so that any transaction made through a particular staff will be recorded instantly on the administrative dashboard.
In addition to that, sales finalize upon successful payment will be printed for both invoice and receipt in a single paper, and the transactions are instantly updated on the admin dashboard with full breakdowns detailing the items purchased, staff that processed the transaction, branch where the items was purchased, method of payment by the customer, and reference ID of the transactions.
Upon the successful transaction, the POS system will instantly and automatically reconcile the payments and record it. The POS system will also triggers alert when stock fall low to thresholds set by the admin. Fuel stations even get custom interfaces (i.e., input ₦ amount per litres calculated).
Moniebook Works for Expiry Tracking and Multi-Branch Management
Moniebook POS system can be used to track the expiry date of perishable goods and alert the admins, managers, and business owners when such goods are about to expire. In addition to that, the POS system can be used to track profit and inventory valuation insights, and customer group discounts (fixed or percentage-based).
Furthermore, Multi-branch management and offline mode are available on the Moniebook POS system. In other words, you can manage all your business branches on the admin dashboard without being present in any of the locations. The fun fact about it is that, these operations can continue even without internet, and data syncs automatically when the internet connection is available.
Benefits of Using Moniebook
Here are the reasons you should use Moniebook instead of traditional POS unless you want to offer financial inclusion—such as ATM cash withdrawal and sending of money—to underserved people in rural communities. With that said, here are the advantages of using the Moniebook POS:
- It eliminating manual errors and fraud risks by combining payments and inventory to close the gaps where human error or intentional manipulation often creep in—like mismatched records or cash misappropriation.
- The POS system generates audit-ready digital logs that support compliance and fraud prevention.
- It empowers Moniepoint’s lending team to assess creditworthiness more accurately and quickly with real-time sales and inventory data to reduce reliance on physical inspections.
- Moniebook is a horizontal SaaS platform that works for variety of businesses in Nigeria unlike vertical SaaS platforms like Mira that are niche sector-focused alternatives.
These advantages are unbeatable in the traditional POS world. Moniepoint will leverage its existing merchants network and brand presence to make onboarding scalable and seamless. The deeper merchants integrate with Moniebook, the harder it becomes to switch, making it customer retention.
- Learn about Moniepoint's Monnify—a Payment Gateway for Businesses in Nigeria.
- Benefits of Moniepoint Business Account for Nigerian Businesses and Entrepreneurs.
- Learn about Moniepoint's Monieworld—a U.K.-to-Nigeria Remittance Service.
The listed above are Moniepoint MFB's Financial Products.
How Much is Moniebook POS Terminal
The Moniebook POS terminals doesn't have a fixed price. Rather, they're based on subscription model pricing and hardware leasing. The terminals have two affordable and flexible pricing: the core plan and the pro plan.
The Core Plan coat ₦6,000 per month for one device and one branch. If you need to manage extra branches, you'll need to pay ₦4,500 per month, and ₦2,500 per month for extra POS terminals. The Pro Plan, on the other hand, is ₦8,500 per month, with ₦5,500 per month for additional branches.
The Moniebook POS machine (the hardware) is leased out to merchants instead of sold. This helps to reduce upfront costs. In addition to that, existing Moniepoint merchants can swap their traditional POS to Moniebook-enabled terminals without buying new devices. All they'll need to do is paid for the subscription price.
Conclusion
Using Moniebook is all about simplicity and control. Once the POS device arrives, set up your business account and begin to add your products using the business account dashboard. You can add product details like names, prices, barcodes, and stock levels.
On the POS terminal itself, your staff/cashier can log into the POS register to process sales, scan items, and collect payments. The POS system will automatically updates inventory in real time and send you alert when certain product is about to finish.
You can use the Moniebook POS system to monitor transactions, generate reports, and even set alerts for upcoming expiries, all from your administrative dashboard account. Whether you’re running a small neighborhood shop or managing multiple branches, Moniebook takes the stress out of daily operations by combining payments, inventory management, and analytics into a single tool.
