About – MoMoPSB (2024)

MoMoPSB

About Us

MoMoPSB

About Us

About Us

MoMo PSB was granted final approval by the Central Bank of Nigeria in April 2022.

Following the final approval for a Payment Service Bank (PSB) license granted by the Central Bank of Nigeria (CBN), MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (PSB), formally launched a range of financial services for Nigerians in May 17, 2022.

MoMoPSB is committed to providing financial services in a secure technology-driven environment to further deepen financial inclusion in Nigeria.

MoMo Offers

Savings

Insurance

Remittances

Payment Options

MoMo Offers

Savings

Insurance

Remittances

Payment Options

MoMo PSB will build on the extensive infrastructure established by its affiliate Y’ello Digital Financial Services through its shared agent network and digitized partnership infrastructure, which has over 166,000 active agents and more than 10 million active users.

MoMo PSB will offer financial services to the Nigerian Public, including sending and receiving Money to any phone number for free, cash withdrawals and deposit-taking from individuals and small businesses, and much more.

To use the MoMo Service customers need to simply dial the shortcode *671# and open their personal accounts on their Phone numbers, fund their accounts and start transacting.

MoMoPSB is a subsidiary of MTN Nigeria, Africa’s largest provider of communications services.

For More Information on MoMo Payment Service Bank and for answers to questions you might have please visit https://www.momo.ng

Fintech offers

Merchants

Businesses

Fintech Companies

Banks and Financial Institutions

Digital Services

Fintech offers

Merchants

Businesses

Fintech Companies

Banks and Financial Institutions

Digital Services

About – MoMoPSB (2024)

FAQs

What is MoMo PSB wallet all about? ›

MoMo PSB will offer financial services to the Nigerian Public, including sending and receiving Money to any phone number for free, cash withdrawals and deposit-taking from individuals and small businesses, and much more.

What is the code for MoMo PSB? ›

1. Dial *671# on your phone. 2. Use it to find a MoMoPSB nearby.

What are the benefits of MoMo PSB? ›

Do More with MoMo
  • Buy airtime & bundles. Need airtime, data and SMS bundles quickly? ...
  • Pay your bills. Skip the queues and and pay your cable TV bills including DSTV, GoTV, and StaTV.
  • Send & receive money. Send and receive money to any phone number for FREE.
  • Bank Transfer. ...
  • Cashout. ...
  • Statements.

What is MoMo all about? ›

The mobile money service provides users with a secure and straightforward way to handle their financial transactions, eliminating the need for traditional banking methods. MTN MoMo users enjoy the flexibility of conducting transactions anytime, anywhere, contributing to a seamless and efficient mobile money experience.

Can I withdraw money from my MoMo wallet? ›

Visit any MTN Store and speak to an agent who will provide you with the cash amount you want to withdraw. Any MoMo agent will provide you with the cash amount you want to withdraw. Use the MoMo app or dial *120*151# to transfer money from your MoMo account to a local bank account.

Which bank is MoMo PSB? ›

MoMo Payment Service Bank (MoMo PSB) is the Fintech subsidiary of MTN Nigeria. It is licensed by the Central Bank of Nigeria (CBN) to provide payment and financial services targeting the unbanked and underserved market segments.

How much can a MoMo account hold in Nigeria? ›

Tier 2 — Maximum single transaction limit of N200,000 and maximum cumulative balance of N500,000. Sending funds to family and friends with a MoMo wallet is through dialling *671*1*1*Phone Number#, then entering the amount and pin.

How to recharge MoMo PSB? ›

Simply visit any MoMoPSB Outlet, where you can effortlessly complete your transaction. Just provide your phone number and the cash amount corresponding to your desired airtime or data value, and you're ready to stay connected without any hassle.

Why momo is so popular? ›

Socializing: Momos are often enjoyed with family and friends, making them a social food that brings people together. In many parts of the Himalayan region, momos are served during special occasions and celebrations. Unique Flavor: Momos have a unique flavor that is hard to replicate with any other food.

What is good about momo? ›

Protein-Packed Powerhouses: MOMOs are a great source of protein, making them an excellent choice for those looking to meet their daily protein needs. Whether you prefer steamed, fried, or even frozen MOMOs, you can count on them to provide a satisfying protein boost.

What is the purpose of MoMo app? ›

Momo's mobile application is available on Android, iOS, and Windows platforms. It enables users to establish and expand their social relationships based on similar locations and interests. Some features of the application include subsections like: Nearby Users, Groups, Message Board, Topics, and Nearby Events.

Can I transfer money from my MoMo wallet to my bank account? ›

Yes, MTN MoMo service allows you to link your MoMo account with your bank account and perform transactions at your convenience. Registration of service or linkage of two accounts (i.e. MoMo and Bank Account) should be primarily done by your bank.

How does MoMo payment work? ›

With MoMoPay, your customers store money on their mobile wallet and use it to pay for goods or services purchased on your website. Available on Gateway only.

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