Personal – MoMoPSB (2024)

FAQs

What is MTN MoMo PSB? ›

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.

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

MoMo accounts are cash accounts. The funds of the account holders are securely deposited and reside at a Federal Reserve Bank account.

MoMo is the most popular digital wallet in Vietnam with over 23 million active users. Its primary product includes a mobile app that allows customers to conduct transactions directly from their mobile devices. It's accepted in over 80% of food and beverage outlets and 70% of supermarkets in Vietnam.

Public sector banks (PSBs) are banks in which the government of a country owns a majority stake. In India, PSBs refer to nationalized banks, which are banks that were previously owned by private individuals or entities and were subsequently nationalized by the government.

To open a MoMo wallet, dial *671# using any mobile number, choose a four-digit pin and voila, you have successfully opened a MoMo PSB wallet and your phone number is now your account number. You'll be given a free N100 which you can instantly use to recharge or buy data directly from your momo wallet.

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.

Through MoMo, you can: Send and receive money to and from other MoMo customers. Cash-in and cash-out at any MoMo agent. Cash-out from ATMs.

What is the MoMo app used for? ›

It's a secure and reliable means to send and receive money, pay bills, and make purchases without the need for cash, physical cards or a bank account. MoMo users can store funds, send and receive money, make payments and do a number of other transactions simply using their mobile phone.

Over 12 million people use MoMo

MTN Mobile Money (MoMo) is simple and safe to use, with no monthly fees to worry about! It's available for everyone, on any Ghanaian MTN number.

Our doorstep banking service offers you flexible ways of carrying out your financial transactions whether as an individual, private or business person. More Info. PSB Alliance.

Tier 1 — Maximum single transaction limit of N50,000, daily transaction limit of N100,000 and maximum cumulative balance of N300,000. Tier 2 — Maximum single transaction limit of N200,000 and maximum cumulative balance of N500,000.

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.

SmartCash Payment Service Bank

Whether you are in the remotest community in the North or the furthest town in the West, it doesn't really matter as you can now transfer funds, receive funds and pay bills through your phone line. No bank account required and you do not need to visit any bank's branch.