MTN MoMoPay - Digital Mobile Wallet Payments | Payfast by Network (2024)

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No setup, monthly or hidden fees. Fees are negotiable based on online sales volumes.

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MTN MoMoPay - Digital Mobile Wallet Payments | Payfast by Network (2024)

FAQs

What is MoMo wallet on MTN? ›

What is MTN mobile money. MTN Mobile Money is a secure electronic service that enables MTN Mobile Money wallet holders to store funds, send and receive money, make payments and do a number of other transactions simply using their mobile phone. It's fast, simple, convenient and affordable.

How do I open my MoMo wallet on MTN? ›

You also have the possibility to open your MTN MoMo account yourself from your phone:
  1. Type *400#
  2. Choose 1 “continue self-registration”.
  3. Then insert your first and last name.
  4. Then fill in your date of birth: MM/DD/YYYY.
  5. Choose your 5-digit PINSECRET code and validate.

What is MoMo pay on MTN? ›

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.

What is MoMo payment method? ›

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.

Can someone transfer money to my MoMo wallet? ›

It is a service that allows MoMo PSB customers to receive money directly in their wallets sent by their families, friends, individuals from across Africa.

Can I withdraw money from my MoMo wallet? ›

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. A standard fee of 2% applies to each transaction. There are no monthly service fees, and you only pay for certain transactions.

Which bank is MoMo using? ›

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.

What is the code for MoMo wallet? ›

Dial *671# on your phone.

What is the mode of payment in MoMo? ›

MoMo is a digital wallet that stores user payment card and financial information in one place on their smartphone. MoMo can be used at over 200 million merchants around the world, for online purchases and anywhere contactless payments are accepted, including retail stores, restaurants, bars, and taxis.

What is the benefit of MoMo wallet? ›

Send and receive money to any phone number for FREE. You can transfer funds from your bank to your to your MoMo wallet. You can withdraw cash from your MoMo account by either cashless withdrawals or via an agent.

What are the uses of MTN MoMo? ›

  • MoMo Offers. Loans, savings, insurance, remittances, payment options and more.
  • Fintech offers. Financial services for merchants, businesses, fintech companies, banks, financial institutions, digital services providers and other organizations.
  • Service to.

What is the purpose of MoMo app? ›

With MoMo you can send money to friends & family, topup airtime, purchase bundles, pay your bills, merchants and much more. It's a one-stop shop for everything you need. MoMo makes it easy to keep track of your money. You can use MoMo services to manage your money..

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