Updated October 13, 2026 · VaultCue Editorial Team
Moniepoint vs Yape
Moniepoint
Yape
Higher score in this comparison
Moniepoint vs Yape: the differences
| Compare | MoniepointReviewSee alternativesSee alternatives | YapeReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | NGN 0 | PEN 0 |
| Transfer fee | Free for Moniepoint-to-Moniepoint transfers to the same BVN; NGN 50 stamp duty on electronic transfers of NGN 10,000 and above | Free (0) to send a Yape payment; remittance receiving also free |
| Currency conversion fee | Not confirmed | 0% |
| Currencies | Not confirmed | 2 |
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Key differences
- Moniepoint is available in 1 more country.
- Support channels: only Moniepoint offers Phone, Email.
Our verdict on each
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.
Yape
Yape suits people in Peru who want a wallet for everyday payments and money sent home, not a multi-currency account. The monthly fee is PEN 0 and the currency conversion fee is 0%, so the cost is hard to argue with, but the offer is thin at 2 currencies.
Score breakdown
| Area | Moniepoint | Yape |
|---|---|---|
| Cost | Not confirmed | 9.6Monthly fee of PEN 0, a currency conversion fee of 0% and free transfers on a single-currency wallet. |
| Offer | 9.2Higher | 8.3Covers 2 currencies, pays out to the wallet only and runs as a digital-only service. |
| Trust | 8.2 | Not confirmed |
How they place
| Ranking | Moniepoint | Yape |
|---|---|---|
| Money transfer services | 1163 of 1564 | 240 of 1564 |
Every fact side by side
| Fact | Moniepoint | Yape |
|---|---|---|
| Audience | Business | Not confirmed |
| Pricing model | No monthly fee | No monthly fee |
| Features | Not confirmed | Digital only |
| Legal entity | Moniepoint Microfinance Bank Limited | Not confirmed |
| Headquarters | Nigeria | Not confirmed |
| Founded | 2019 | Not confirmed |
| Support channels | Phone, Email, Help centreCovers more | Help centre |
Money transfer
| Fact | Moniepoint | Yape |
|---|---|---|
| Delivery time | Not confirmed | Instant, credited directly to the Yape wallet |
| Payout methods | Not confirmed | Wallet |
| Fee to send 1,000 | Not confirmed | PEN 0 |
Where each stands against the rest
| Fact | Moniepoint | Yape | Median |
|---|---|---|---|
| Currency conversion fee | Not confirmed | 0%below the median | 0.5% |
| Currencies | Not confirmed | 2lowest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
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.
Yape
Pros
- Monthly fee of PEN 0 on the everyday account
- Currency conversion fee of 0%, top of the multi-currency table
- Sending a Yape payment and receiving a remittance are both free
Cons
- Only 2 currencies, near the bottom of the multi-currency table
- Payouts run to the wallet only, so money cannot be withdrawn to a bank account
- Support runs on help centre only, with no phone or email line
Who each suits
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
Yape
Who it suits
- People living in Peru paying everyday bills from a phone
- Family members abroad sending remittances to a Yape wallet
- Anyone who wants to receive money without opening a bank account
Who should look elsewhere
- PayPal Colombia or Skrill if you hold money in several currencies
- eToro if you want a card account that pays out to a bank
- Anyone who needs help by phone, since support runs on help centre only
Current offers
Country by country
| Country | Moniepoint | Yape |
|---|---|---|
| Kenya | Yes | No |
| Nigeria | Yes | No |
| Peru | No | Yes |
Questions about each
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.
Yape
How much does a Yape account cost to keep?+
The monthly fee on the everyday account is PEN 0. Sending a Yape payment carries no charge, and receiving a remittance is free as well, so the everyday cost of running the wallet is close to nothing.
What does it cost to change currency in a Yape wallet?+
The currency conversion fee is 0%, which sits at the top of the multi-currency ranking. The catch is that Yape only holds 2 currencies, so a wider currency basket is not available here.
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Moniepoint
Yape