Awabah-TeamApt partnership enables pension sign‑up via Moniepoint POS

What happened: In February 2026, Awabah became PenCom's first Accredited Pension Agent and partnered with TeamApt, the CBN-licensed switching arm of Moniepoint, to enable informal workers to enroll and contribute to pensions directly through Moniepoint POS terminals. Contributions can start at ₦500 and be made weekly or monthly, using the same terminals traders already use for payments and transfers.

Why it matters: Over 93% of Nigeria's workforce operates informally, yet fewer than 100,000 have signed up for pensions despite reforms since 2014. The new model bypasses the need for bank accounts or HR departments by leveraging Moniepoint's network of ~4 million active businesses nationwide, offering a realistic path to pension coverage for market women, okada riders and other informal earners.

What you should know: The partnership treats agent-banking infrastructure as shared "rails" that can later carry micro-insurance, micro-credit and savings products. Awabah targets 2 million enrolments in 2026—a benchmark that will test whether access, not product design, is the real barrier. If you earn informally, look for the pension option on your usual Moniepoint POS and consider starting with a weekly ₦500 contribution.

SOURCE: https://nairametrics.com/2026/07/07/awabah-x-teamapt-is-the-pos-terminal-now-a-pension-o9ice/