How To Use MTN MoMo | What You Need To Know About Mobile Money

See How To Use MTN MoMo services for perform most of your day-to-day business, household and personal transactions.

Are you an MTN customer or not and you have been searching for how to make use of the MoMo services? I want to assure you that you have come across the best resource that will serve a great guide for you to perform any kind of transaction using MTN MoMo service.

In MTN MoMo, there are a lot of services that you can use. It only requires a good knowledge of the procedures before it can be possibly carried out. That is the reason why this article that you reading is very important. In this article, you are going to access every kind of information that you need about MTN Mobile Money.

What is MTN MoMo?

MTN MoMo also known as Mobile Money (MoMo) is one of the vital MTN services that its customers to store, send, and receive money using their phone.

What is the interesting thing about using MTN MoMo?

Bank account(s) or very expensive devices/smart phones are not required before you can make use of it; MTN MoMo works on the most basic of feature phones too!

Also, using MoMo services does not require that you must be a customer of MTN; anyone is eligible to make use of the MTN MoMo as long as you have registered.

What Can You Do With MTN MoMo?

MTN MoMo has ever-growing range of services that have brought very much easier life to all the users. Some of the services that can be found on the MTN MoMo platform are as follow:

• Sending and receiving money to and from other MoMo customers
• Cash-in and cash-out at any MoMo agent
• Cash-out from ATM’s
• Buying MTN airtime and bundles
• Payment of products and services from the many participating merchants and providers
• Payment of school fees
• Payment of water bills
• Payment of electricity bills
• Payment of DStv subscription
• Payment of GoTV subscription

5 Easy Steps to Send Money Through an MoMo Agent

Step 1:

Locate or Visit MoMo Agent Nearest to You.

To Locate Agent:

• Dial *223#
• Select 1 to locate Agent
• Enter State
• Enter LGA
• The Address and Phone Number of the closest MoMo Agent is displayed

OR

• Look out for MoMo Agent Available Here Sign

Step 2: Handover Cash and receiver’s phone number to Agent

Step 3: 6 digits control number will be sent to you once agent complete transaction. Another 6 digits will be sent to the receiver of the money.

Step 4: Communicate your 6 digits control number to the receiver of the money

Step 5: Inform the receiver to locate the nearest agent and present the 6 digits control number to collect the money

5 Easy Steps to Receiving Money

Step 1:

Locate or Visit MoMo Agent Nearest to You.

To Locate Agent:

• Dial *223#
• Select 1 to locate Agent
• Enter State
• Enter LGA
• The Address and Phone Number of the closest MoMo Agent is displayed

OR

• Look out for MoMo Agent Available Here Sign

Step 2: Present the 6 digits control number from the sender and other 5 digits control number sent to you.

Step 3: Handover 5 digits number to the agent

Step 4: Handover 6 digits number received from the Sender to the agent

Step 5: Receive Cash from the agent

How To Add Cash With MoMo

Do you think it is a difficult task to add cash to your Bundle Wallet with Mobile Money? Read this section of the article to find out what you are expected to do.

Adding Cash to a Bundle Wallet with MoMo requires easy procedures that a great number of individuals are yet to understand. If you are one of those who have been searching for how to Add Cash to their Bundle Wallet with Mobile Money, make sure that you read and follow the step-by-step guidelines as given below:

1. Open Bundle and tap Add Cash.

2. Tap Mobile Money in the options.

3. Type in the amount of cash you want to add to your wallet then tap Next.

4. Type in your registered MoMo phone number then tap Continue.

5. Confirm the phone number then tap Continue.

6. Complete the transaction on your mobile phone with your PIN.

7. We’ll process your transaction and update your wallet balance as soon as we’re done.

I believe that with the guidelines given above, you would be able to make a hitch-free transfer of cash to your bundle wallet with MoMo.

See Also: New Naira Notes N200, N500 And N1000 | All You Need To Know, The Impacts On Economy

How to Become a MoMo Agent or Merchant

Some people must have been searching on how to become one the MTN MoMo agents or Mechants. If you are one of this set of persons, makevsure that you pay a special attention to this section of the article as I show you the right steps to follow.

You can join the MTN MoMo merchant network and/or agent network to accept MoMo payments and earn commission on airtime sales.

All you have to do is to call MoMo customer care on 083 135 or email [email protected] to sign up. Once you have done this, you will be directed on the next thing that is required from you.

How to Access Your MTN MoMo Account

There are two major two major ways in which you can access your MTN MoMo account. They are;

• MoMo App, and;
• The use of code (*120*151#)

You can access and manage your account on the MoMo app or by dialling *120*151#, around the clock, 365 days a year.

How to Reset You MoMo PIN

Every MTN MoMo PIN is unique and should be kept secure. Never share your MoMo PIN with anybody. If you ever feel your MoMo PIN has been compromised, you can request a MoMo PIN Reset.

Follow the steps below to reset your MoMo PIN

Dial *170# on your MTN number

Select Option 6 for “My Wallet”,

Select Option 5 to “Change & Reset PIN”

Then select Option 2 to “Reset PIN”

Select Option 1 to register “Yes” and confirm PIN.

It’s that simple! You have successfully changed your MTN MoMo PIN

How to Buy Treasury Bill with MOMO

One of the services that MTN MoMo offers is the purchase of treasury bills with your MTN MoMo account.

Here’s how to apply.

TO APPLY FOR TBILL

Dial *170#

Enter 5 for Financial Services

Enter 4 for Pension and Investments

Enter 2 Buy Treasury Bills

Select 2 to Apply

Choose Tenure

Enter Amount

Select or Approve Next of KIN

Select 1 to proceed with payment

Enter MM PIN

You will receive a notification for a successful transaction

MTN MoMo is safe, fast and secure.

How to Cash Out your MOMO Wallet from an ATM

MTN MoMo allows you to cash out at the ATM

To cash out,

Dial *170#

Enter 5 for Financial Services

Enter 1 for Bank Service

Select 3 for ATM Cash Out

Select 1 to Generate Token

Enter Four-digit Secret Code

Enter Amount

Enter MM PIN

You will receive notification for a successful transaction

Enjoy flexible transfers with MTN MoMo.

How to Transfer Money From Your Bank Account to Your MoMo Wallet

You can transfer funds from your bank directly to your MoMo account. Just follow these steps:

Dial *170#

Enter 5 for Financial Services

Enter 1 for Bank Service

Enter 2 for Transfer from Bank

Select Bank

Select Bank account

Enter Amount

Enter MM PIN

You will receive notification for a successful transaction

How to Pay School Fees with MTN MoMo

Paying school fees is so much easier now with MTN MoMo

Dial *170#

Enter 2 MoMoPay& Pay Bill

Enter 2 for Pay Bill

Enter 3 for School Fees

Search for School by selecting either Alias by Name

Enter School alias or School name

Enter student ID

Enter Amount

Enter Reference

Enter MM PIN

You will receive Notification for successful payment

How to Pay Electricity Bills with MTN MoMo

Pay your electricity bills on time with MTN MoMo. It’s easy!

Dial *170#

Enter 2 MoMoPay & Pay Bill

Enter 2 Pay Bill

Enter 1 for Utilities

Enter 1 for ECG

Enter Account number

Enter Amount

Enter Reference

Enter MM PIN

You will receive Notification for successful payment

Enjoy convenience with MTN MoMo.

Next time you have to make any payment at all, use MoMoPay. 

How to Make Payment with MoMo Pay

No queues, zero paperwork, and you don’t have to carry change. 

That is the convenience of MoMoPay. 

Here’s how to pay with MoMoPay

Dial *170#

Enter option 2 for MoMoPay &Pay Bill

Choose 1 for MoMoPay

Now, you will need to know the merchant’s ID. This is different from the Merchant’s wallet number, which is no longer valid. The merchant should provide his ID upon request.

Enter the Merchant ID.

Enter the amount to be paid.

Enter your reference

The full name of the Merchant will be displayed for confirmation before payment.

After confirming the merchant’s name, enter your Mobile Money PIN.

You and the merchant will receive a notification for successful payment after this.

It’s that easy! Just MoMo It!

How to Pay Water Bill with MoMo

Dial *170# to access the MTN MoMo menu and select Option 2 – MoMo Pay/ Pay Bill

Select option 1 – Utilities

Next, select option 2 – Water bill  and follow the prompts

How to Pay for ECG Postpaid Bill Using MTN MoMo

Dial *170# to access the MTN MoMo menu and select Option 2 – MoMo Pay/ Pay Bill

Select option 1 – Utilities

Next, select option 1 – ECG and follow the prompts

How to pay for DSTV & GOTV Subscription with MTN MoMo

Follow the steps below to pay for your DSTv and GOTv subscriptions using MTN MoMo

Steps

Simply dial *170# to access the MTN MoMo menu and select Option 2 – MoMo Pay/ Pay Bill

Select option 2 – TV and Entertainment

Next select option 1 – DStv/GOtv (depending on what you are paying for) and follow the prompts.

It’s that easy, just MoMo it.

MoMo Transaction Charges

Cash-out via MoMo agent

Transaction amount	Fee(3.75%)
R5	R0.19
R10	R0.36
R20	R0.75
R40	R1.50
R70	R2.62
R100	R3.75
R250	R9.38
R500	R18.75
R750	R28.13
R1000	R37.50
R1500	R56.25
R2500	R93.75
R5 000	R187.50

Sending Money to a MoMo customer

Transaction amount	Fee
R5 – R10	R0*
R10 – R20	R0*
R20 – R40	R0*
R40 – R70	R0*
R70 – R100	R0*
R100 – R200	R0*
R200 – R250	R5*
R250 – R500	R7
R500 – R750	R8
R750 – R1 000	R10
R1 000 – R1 500	R12
R1 500 – R2 500	R14
R2 500 – R5 000	R15
R5 000 – R25 000	R16

Sending a Money Voucher

Transaction amount	Fee
R5 – R10	R10*
R10 – R20	R10*
R20 – R40	R10*
R40 – R70	R10*
R70 – R100	R10*
R100 – R250	R10*
R250 – R500	R10*
R500 – R750	R10*
R750 – R1 000	R10*
R1 000 – R1 500	R10*
R1 500 – R2 500	R10*
R2 500 – R5 000	R10*
R5 000 – R25 000	R10*

Apply for:

• Ibom Air Recruitment
• Front End Developer Job At Pharmarun
• Asaba Specialist Hospital Recruitment
• Mastercard Graduate Launch Program | Full Time Job
• JEZCO Oil Nigeria Limited Recruitment
• Landmark University Recruitment
• Nigerian Breweries Graduate Management Development Scheme | Finance, Marketing, HR and Digital & Technology
• Nigerian Breweries Graduate Management Development Scheme – Supply Chain
• BUA Group Recruiting | See How To Apply Here
• Software Engineering Job At Gemstone Microfinance | Full-Time Job

Benefits of MTN MoMo

MTN MoMo has in no small way made life so much easier for all the users by lessening the stress of going to the banks all the time to make some business transactions. Among the benefits of using MTN MoMo are as follow;

• Zero monthly fees
• Zero fees for Cash-in at MTN Stores
• Zero fees on mobile recharges
• Zero fees on bill, merchants + shop payments
• No endless cues as in the banks
• No risk of carrying money about.
• Only 2% transaction fees applies to Cash-Out to bank account

Set yourself free from stress now! Join MTN MoMo!

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