- Moniepoint is currently working on a new all-in-one PoS terminal to replace the existing one
- The new device reportedly combines payment processing, inventory management, and transaction reconciliation
- When fully operational, the fintech unicorn hopes to replace its 800,000 PoS terminals with a new one
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
Moniepoint is reportedly testing an all-in-one point-of-sale (PoS) machine that combines payment processing, inventory management, and transaction reconciliation.
The new product was due to the company’s acquisition of Gracel, a financial technology firm, focused on inventory management solutions.
Moniepoint mirrors Jack Dorsey’s square
Gracel’s acquisition by Moniepoint allows the company to retain its team working on integrating business management capabilities into Moniepoint PoS machines.
Currently, physical stores and merchants use PoS devices for card payments and money …