Moniepoint is one of Nigeria’s fastest-growing fintech platforms, serving millions of individuals and businesses through its digital banking and payment infrastructure. For gift card traders who use Moniepoint as their primary financial platform, receiving gift card conversion payouts from GiftCard8 directly to their Moniepoint account creates a seamless financial workflow. Here is the complete 2026 guide on how to use Moniepoint to receive Gift Card payouts.
What Is Moniepoint?
Moniepoint is a CBN-licensed financial institution providing digital banking services to individuals and businesses across Nigeria. According to Moniepoint’s official about page, the platform serves over 2 million businesses and processes billions of naira in transactions monthly, making it one of Nigeria’s most established fintech platforms outside OPay and PalmPay.
Moniepoint offers personal accounts, business accounts, POS services, and bank transfer capabilities through its mobile app. It operates within the Nigerian banking clearing system with a standard 10-digit account number, meaning it receives transfers from platforms like GiftCard8 through the same channel as any Nigerian commercial bank.
Setting Up Moniepoint for Gift Card Payout Receipt
Step 1: Create a Moniepoint personal account. Download the Moniepoint app. Register with your phone number and BVN. Complete KYC with a valid government ID. Account creation takes under 10 minutes.
Step 2: Note your Moniepoint account number. In the Moniepoint app, navigate to your account details. Your 10-digit Moniepoint account number appears alongside the Moniepoint bank name.
Step 3: Link to GiftCard8. In GiftCard8’s payout settings, select Bank Account. Choose Moniepoint from the bank list. Enter your 10-digit Moniepoint account number. Verify the account name that GiftCard8 displays after entering; it should match your Moniepoint registered name.
Step-by-Step: How to Use Moniepoint to Receive Gift Card Payouts
Step 1: Verify card balance on official issuer site.
Step 2: Open GiftCard8 app. Select brand. Enter denomination and card type. Check live naira rate on GiftCard8’s rates page.
Step 3: Select Moniepoint as payout. Choose saved Moniepoint bank account. Confirm account number is correct before proceeding.
Step 4: For $100+ trades, WhatsApp GiftCard8 first. Confirm current rates before committing.
Step 5: Submit card securely through GiftCard8’s encrypted interface.
Step 6: Check Moniepoint balance. After GiftCard8’s push notification, open Moniepoint app. Incoming transfer appears within 5 – 20 minutes for most transactions.
Moniepoint vs OPay vs Kuda, Which Is Best for Gift Card Payouts?
OPay: Fastest (real-time update). Best agent network for cash withdrawal. Zero incoming fees.
Kuda: Best budgeting tools. Zero incoming fees. Full bank account functionality. 5 – 20 minute update.
Moniepoint: Best for business account holders integrating gift card income into business finance. Excellent POS network for cash access. 5 – 20 minute update.
Choose Moniepoint if: You use Moniepoint as your primary business banking platform and want gift card income flowing directly into your business financial dashboard.
Moniepoint Business Account Advantage for High-Volume Traders
For Nigerian entrepreneurs building gift card trading businesses at volume (₦2M+ monthly), Moniepoint’s business account features provide financial management tools that personal accounts at other platforms don’t match, monthly financial statements, transaction categorization, and integration with accounting workflows.
Follow GiftCard8’s blog for ongoing payout optimization guidance.
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