0
Wireless

MTN Nigeria launches mobile money transfer service

Friday 30 August 2019 | 10:25 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
MTN Nigeria subsidiary Y'ello Digital Financial Services (YDFS) has launched a mobile money transfer service aimed at people without bank accounts. The company announced the launch of its MoMo Agent network, which will provide safe and accessible money transfers for under-banked and unbanked people. MTN Nigeria CEO Ferdi Moolman said the launch demonstrates MTN's commitment to remain focused on enhancing Nigerian access to financial services.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTN Nigeria
Countries: Nigeria
::: add a comment

Comments

I really appreciate the opportunity to join this leading money network.... Hope I will be giving a chance to prove my worth..... Momo agent is one of it Kind
Jackson Jude m @ 13/9/2019 - 05:25

One of it's kind, I really appreciate d preveledge to be here.... I will really like to be part of momo agent
Jackson Jude m @ 13/9/2019 - 05:23


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTN Group launches remittances app

Published 03 Dec 2019 11:05 CET | Africa
MTN Group has announced the launch of its a remittances app dubbed MTN Homeland. The mobile app aims to facilitate money and ...

MTN Nigeria drops plan to charge for USSD code for banking

Published 24 Oct 2019 09:13 CET | Nigeria
MTN Nigeria said that it has suspended its plan to implement charges for the Unstructured Supplementary Service Data (USSD) code ...

MTN Group launches Mobile Money API hackathon

Published 23 Oct 2019 10:54 CET | Africa
The Hackathon, run in partnership with Ericsson (MTN's MoMo technology partner), will give app developers based in Ghana, Uganda, ...

Nigerian govt orders MTN to suspend planned charges for bank services

Published 22 Oct 2019 10:26 CET | Nigeria
The Nigerian government has directed MTN to suspend its plan to impose a new charge on customers who use its short codes to ...

MTN Nigeria launches MoMo Agent network in southwest region

Published 17 Oct 2019 13:56 CET | Nigeria
MTN Nigeria subsidiary Y'ello Digital Financial Services (YDFS) has started providing mobile money transfers in the Southwest ...

MTN Nigeria canvasses for child online protection

Published 16 Oct 2019 15:46 CET | Nigeria
MTN Nigeria has expressed the need for collaborative initiatives aimed at protecting children online, reports CommunicationsWeek. ...

Central Bank of Nigeria talks to operators over SIM swaps after financial service licence awards

Published 30 Sep 2019 10:18 CET | Nigeria
Telecommunications operators and the Central Bank of Nigeria (CBN) have agreed to abolish the SIM card swap system in the next ...

Nigerian telecom subscribers spend NGN 261 bln on airtime sales in August

Published 23 Sep 2019 10:22 CET | Nigeria
Telecommunication subscribers spent at least NGN 261 billion on airtime in August, according to figures from the Nigerian ...

MTN Nigeria mulls raising NGN 100 bln from commercial paper issue - report

Published 20 Sep 2019 10:10 CET | Nigeria
MTN Nigeria is planning to raise NGN 100 billion by issuing Commercial Paper (CP), Premium Times reported. It is yet to ...

Polaris Bank offers transfer discount to customers signing up for new mobile banking up

Published 05 Sep 2019 11:03 CET | Nigeria
Nigeria's Polaris Bank has introduced its new Polaris Mobile Banking App and is offering customers a 50 percent discount on all ...

Paga transactions reach NGN 1.5 trln in seven years

Published 21 Aug 2019 11:33 CET | Nigeria
Nigerian payments provider Paga says it has exceeded NGN 1.5 trillion in 87 million transactions since its commercial launch in ...

Nigerian firms set up cross-border money transfer service

Published 13 Aug 2019 09:07 CET | Nigeria
Nigerian fintech companies VAS2Nets, DSSC, Glo Currency, Supersonicz Money Transfer, Amal Express, Tawakal Express and First City ...

MTN Nigeria gains super-agent licence from Central Bank

Published 29 Jul 2019 09:15 CET | Nigeria
MTN Nigeria said it had obtained a super-agent licence from the Central Bank of Nigeria through its subsidiary, Y'ello Digital ...

Nigerian mobile phone subscriber base falls by 49,060 in April

Published 24 Jul 2019 09:59 CET | Nigeria
The number of mobile phone subscribers in Nigeria decreased by 49,060 in April to 173.38 million from 173.43 million in March, ...

Hollaport launches mobile money service in Nigeria

Published 11 Jul 2019 16:28 CET | Nigeria
Nigerian company Hollaport Technologies has launched a mobile phone application to provide financial inclusion alongside ...

BeepTool launches M-naira App

Published 10 Apr 2019 14:10 CET | Nigeria
Nigerian start-up BeepTool, has launched M-naira App, a mobile application, a money transfer platform that interconnects all ...





Calendar   /   Industry Events

19 Oct Capacity Europe 2020
21 Oct Ericsson Q3 2020
21 Oct Telenor Q3 2020
21 Oct DNA Q3 2020
21 Oct Netgear Q3 2020
21 Oct Crown Castle Q3
21 Oct Telia Q3 2020
21 Oct Verizon Q3 2020
22 Oct Rogers Q3 2020
22 Oct STMicroelectronics Q3 2020
22 Oct VeriSign Q3 2020
22 Oct Verimatrix Q3 2020
22 Oct Econocom Q3 2020
22 Oct AT&T Q3 2020
22 Oct Limelight Networks Q3 2020
22 Oct Nordic Entertainment Q3 2020
22 Oct Intel Q3 2020
23 Oct Doro Q3 2020
23 Oct Orange Belgium Q3 2020
23 Oct Airtel Africa H1 results
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct Harmonic Q3 2020
26 Oct CCW Europe 2020
27 Oct Microsoft fiscal Q1
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Sequans Communications Q3 2020
27 Oct Telefonica Brasil Q3 2020
::: More Calendar Items