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Moniepoint was founded in 2015 by business executives Tosin Eniolorunda and Felix Ike. It was initially founded under the name, TeamApt. [1] In March 2019, Moniepoint announced funding of $5.5 million in a Series A fundraising from Quantum Capital Partners. [3] In November 2019, Moniepoint received a switching license from the Central Bank of ...
In reality, the rechargeable calling card is a specialised form of a prepaid or debit account. To use the phone card, the user would call an access number (which is usually a toll-free telephone number ), enter the "card number" (also called the PIN) and then dial the desired telephone number.
Opay extended to Egypt in 2021, and was approved by the Central Bank of Egypt as well as to issue prepaid cards. [6] In May 2022, Opay Nigeria partnered with the Verve International to enrol its verve debit card. [7] Opay customers rallied at the company's headquarters in Lagos, over a leaked scam alert from an agent.
Tosin Eniolorunda (born Oluwatosin Michael Eniolorunda; September 1985) is a Nigerian software engineer and entrepreneur who co-founded and is the CEO of the Nigerian fintech bank, Moniepoint Inc. [1] [2] He began his early career with Interswitch as a software engineer before starting TeamApt in 2015.
Usage of prepaid cellphone service was common in most parts of the world. In 2012 around 70% of customers in Western Europe and China use prepaid phones with the figure rising to over 90% for customers in India and Africa. [17] 36% of cellphone users in the United States of America were using some form of prepaid service as of 2021. [18]
With prepaid water meters, the user purchases and prepays for a given amount of water from a vending station. The amount of water credited is entered on media such as an IC or RF type card. The main difference is whether the card needs contact with the processing part of the prepaid water meter.
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A voucher can also be used online in the form of an e-voucher. These types of vouchers can be entered when shopping online and the relevant vouchers value added to your order. It can take the form of any code. Many companies have opted to use voucher codes for the last few years but with a massive incline in use towards late 2008 and early 2009.