Moniepoint launches new POS device after seven months in stealth

Moniepoint launches new POS device after seven months in stealth

On August 7, I watched a cobalt-blue Moniepoint point-of-sale (POS) device do something it had never done before. With a few taps on the touchscreen, it logged the sale of a bottle of water, processed the payment, updated the stock count, and printed an invoice and a payment receipt — all in one go. This seamless reconciliation of payment and inventory is a major challenge for Nigeria’s retail economy. The gap between a “sale” and a “payment” is…