Moniepoint Sort Code vs SWIFT Code

Moniepoint Sort Code vs SWIFT Code

The sort code for Moniepoint is a six-digits NIBSS code used for electronic transfers between banks within Nigeria. The Moniepoint Sort Code is 090405 ; the code ensures that funds are routed correctly to Moniepoint accounts. However, it's important to note that Moniepoint does not have a SWIFT code. This is because the fintech only focuses on domestic banking and does not participate in the SWIFT network for international transfers. For international transactions, Moniepoint has its own entity that carry out cross border remittance services from the U.K. to Nigeria. The Moniepoint's MonieWorld , I fact, does not rely on SWIFT codes to carry out this cross-border payments. Quick Hints: Moniepoint is a Nigerian fintech company and microfinance bank, founded in 2015 by Tosin Eniolorunda and Felix Ike. Since inception, Tosin has been acting as the company CEO till date. Moniepoint is built for the purpose of offering personal and business banking, loans, and payment solutions. It is p…