Updated October 13, 2026 · VaultCue Editorial Team
M-Pesa vs Moniepoint
M-Pesa
Higher score in this comparison
Moniepoint
M-Pesa vs Moniepoint: the differences
| Compare | M-PesaReviewSee alternativesSee alternatives | MoniepointReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | KES 0 | NGN 0 |
| Transfer fee | Free to KES 100, then KES 7-108 | Free for Moniepoint-to-Moniepoint transfers to the same BVN; NGN 50 stamp duty on electronic transfers of NGN 10,000 and above |
| Currencies | 1 | Not confirmed |
| Free ATM withdrawals | KES 100 | Not confirmed |
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Key differences
- Founded is lower at M-Pesa: 2007 vs 2019.
- Moniepoint is available in 1 more country.
- Support channels: only M-Pesa offers Chat, Community.
- Audience: only M-Pesa offers Expats, Teen.
Our verdict on each
M-Pesa
M-Pesa suits anyone in Kenya who wants everyday money handled on a handset, with a monthly fee of KES 0. Savings pay a variable rate of 2% to 5% from a small entry point. The trade-off is a digital-only service with a single currency and no branch access.
Moniepoint
Moniepoint leans toward businesses first, so personal everyday banking sits beside merchant tools rather than apart. Moniepoint Inc runs a combined payments, banking and operations platform that serves business owners and their customers across African markets seeking unified daily money management.
Score breakdown
| Area | M-Pesa | Moniepoint |
|---|---|---|
| Offer | 9.0Free ATM withdrawals within KES 100, savings opening from KES 1 and support across email, chat and phone. | 9.2Higher |
| Trust | 8.8Higher | 8.2 |
How they place
| Ranking | M-Pesa | Moniepoint |
|---|---|---|
| Business bank accounts | 178 of 563 | 451 of 563 |
| Money transfer services | 306 of 1564 | 1163 of 1564 |
Every fact side by side
| Fact | M-Pesa | Moniepoint |
|---|---|---|
| Audience | Expats, Teen, BusinessCovers more | Business |
| Pricing model | No monthly fee | No monthly fee |
| Features | Digital only | Not confirmed |
| Legal entity | Safaricom PLC | Moniepoint Microfinance Bank Limited |
| Headquarters | Kenya | Nigeria |
| Founded | 2007Lower | 2019 |
| Support channels | Email, Chat, Phone, Help centre, CommunityCovers more | Phone, Email, Help centre |
Savings
| Fact | M-Pesa | Moniepoint |
|---|---|---|
| Headline rate | 2% to 5% | Not confirmed |
| Rate type | Variable | Not confirmed |
| Minimum deposit | KES 1 | Not confirmed |
| Access terms | Electronic only, operated via the M-Shwari Menu on the M-PESA system; no branch access | Not confirmed |
| Account kind | Easy access | Not confirmed |
Money transfer
| Fact | M-Pesa | Moniepoint |
|---|---|---|
| Payout methods | Bank, Cash pickup, Wallet | Not confirmed |
| Fee to send 1,000 | KES 13 | Not confirmed |
Where each stands against the rest
| Fact | M-Pesa | Moniepoint | Median |
|---|---|---|---|
| Currencies | 1lowest quarter | Not confirmed | 5 |
Median across 536 listed accounts.
Pros and cons
M-Pesa
Pros
- A monthly fee of KES 0, so there is no ongoing charge for keeping the account
- Savings pay a variable rate of 2% to 5% and open from a minimum deposit of KES 1
- Money sent out reaches bank, cash pickup and wallet
Cons
- Money moves in a single market, since the account holds 1 currency
- Branch counters are not among its listed features, which cover digital only, and access runs through the M-Shwari menu on the M-PESA system
- Transfer fees run Free to KES 100, then KES 7-108, with a common send charge of KES 13
Moniepoint
Pros
- Combines payments acceptance, banking and operational tools in one platform.
- Serves more than 20,000,000 business and individual accounts.
- Provides expense cards plus accounting and book keeping support for firms.
Cons
- Business centred design leaves less room for standalone personal banking.
- African market focus limits relevance for people banking elsewhere.
Who each suits
M-Pesa
Who it suits
- People living in Kenya who pay and collect money by phone
- Teens and expats who want an account without a monthly charge
- Businesses and traders who receive and pay out through a wallet
Who should look elsewhere
- Skrill, if you need to hold and convert money in several currencies
- PayPal Colombia, if your payments need to reach an international audience
- Plazo ES, if you are weighing savings products and want terms other than a variable variable rate
Moniepoint
Who it suits
- Business owners managing payments, banking and operations together
- Individuals handling everyday transactions through business linked accounts
Who should look elsewhere
- People seeking personal only banking outside African markets
Current offers
Moniepoint
Current offer
Bonus
Get instant cash back on transfers
Source, checked September 26, 2026
Country by country
| Country | M-Pesa | Moniepoint |
|---|---|---|
| Nigeria | No | Yes |
| Kenya | Yes | Yes |
Questions about each
M-Pesa
What does M-Pesa cost to keep each month?+
The monthly fee is KES 0, so there is no charge for holding the account. Sending money is charged separately, with transfer fees running Free to KES 100, then KES 7-108 and a common send charge of KES 13. Cash machine withdrawals are free within an allowance of KES 100.
Is there a minimum deposit needed to start?+
Savings start from a minimum deposit of KES 1, so the entry point is low. The monthly fee is KES 0, which means no ongoing charge to keep the account open, and the account kind is easy access for easy access to the balance.
Moniepoint
What does Moniepoint offer businesses and their customers?+
Moniepoint covers payment acceptance for merchants together with business and personal banking. It also provides operational tools such as expense cards and accounting and book keeping support. Business loans help owners finance inventory and expand.
Who uses Moniepoint?+
Moniepoint serves small businesses through to large companies and also serves their customers. It reports trust from more than 20,000,000 business and individual accounts. Thousands of people around the world rely on it to grow business activity.
Other options to compare
Related by the facts
M-Pesa
Moniepoint