Last Updated on 2024-02-12 by Admin
The rise of mobile money has revolutionized the way financial services are accessed and utilized, particularly in developing countries. Momo Agents, also known as Mobile Money Agents, play a crucial role in this digital financial ecosystem.
The MoMo Agent Network compliments existing banking services by extending access to simple money transfer services and other financial services nationwide. It opens up a host of opportunities, creating employment and facilitating business in rural and urban areas. Leveraging MTN’s extensive distribution network and capabilities.
Momo Agent is a Mobile Money Agent, Digital Financial Services (YDFS) Platform licensed by the Central Bank of Nigeria as a super agent and banking agency framework that enables Nigerians to send and receive money and pay bills nationwide
They serve as intermediaries between customers and financial institutions, facilitating transactions, providing essential services, and bridging the gap for the unbanked population. The initiative is a fintech strategy designed to accelerate financial inclusion.
Come live with the world of digital banking. Momo is the answer to queue free transaction that will enable you earn higher commission through faster transaction processing, Increased foot traffic with better customer service, Better user experience while serving your customers, Easily sell more value added services to increase your commission.
How to become a MoMo Agent
Step 1: Check to affirm if you meet the requirements below.
Requirements for MoMo Agents
Have an existing business or willing to invest in agency business.
Have a Brick & Mortar/Immovable retail shop e.g. Pharmacy Pop & Mom Shop located in high foot traffic.
Viable means of identification (National ID, Driver’s License, International passport or Voters card).
Readiness to provide 1 passport photograph.
Capability to provide a Working Capital of N20,000 and above.
Step 2: Visit the nearest MTN outlet to pick up the form & submit your details
Step 3: Click here to download the application form
Step 4: Our field staff will contact you for a planned visit to ascertain your suitability
How to become a MoMo Agent by Self Onboarding
Dial *502# with your MTN phone number.
You receive a prompt to approve your MTN SIM registration details to be used as your MoMo wallet ID KYC
Select 1 Yes to accept the T&C and to continue to the next step.
Create your 4 digit PIN as prompted.
Reconfirm your 4 digit PIN
Your new MoMo Agent wallet is created
You get USSD and SMS notifications confirming your new MoMo Agent wallet
Momo Agent International Transfers
You can Receive money—internationally—from your family and friends. View our list of supported countries
List of countries where you can receive international funds to a MoMo wallet