Moniepoint mirrors Jack-Dorsey’s Square with new POS
- Moniepoint is testing an all-in-one POS terminal.
- The new POS combines payment processing, inventory management, and transaction reconciliation.
- Moniepoint acquired Grocel in December 2023 to enhance its POS capabilities.
While Moniepoint's initiative to create an all-in-one POS terminal is promising and could significantly enhance operational efficiency for businesses, the challenges of customization and adaptability in a diverse market cannot be overlooked. The success of such products will depend on the company's ability to understand and meet the specific needs of various industries, which may require a shift in focus from their traditional payment processing strengths.
