MTN Digital Financial Service – Yello Digital Financial Services is a subsidiary of MTN Nigeria Africa’s largest provider of communications services and the operator of the MoMo Agent service.
YDFS is a financial service provider in agency banking and super-agent operation under the CBN Super-Agent Framework and agent banking guidelines to provide amongst other services, an agent network to serve Financial institutions and Mobile, Money operators, in Nigeria.
What is MoMo Agent?
A MoMo Agent is a neighborhood shop where you can visit to send and receive money anywhere in Nigeria. It is safe, fast, and convenient.
What services are available at a MoMo Agent?
Customers can perform Cash2Cash transactions at a MoMo Agent outlet.
What you can do with MoMo Payment Service Bank PSB Using Your Phone or The App
a. Buy airtime & bundles: Need airtime, data, and SMS bundles quickly? Buy them on MoMo, even if you’re not with MTN.
b. Pay your bills: Skip the queues and pay municipal bills, school fees, DSTV, and more with your MoMo account.
c. Start saving: It’s never too late to start saving, even if you don’t have a bank account. Use MoMo to start saving money.
d. Collaboration: Request payments, create bills, upload invoices, and collect payment from your customers.
e. Disbursements: Pay suppliers, employees or any groups of people with the MoMo Business bulk disbursement interface.
f. Financial Services: Financial loans and savings to accelerate your business growth.
How to become a MoMo Agent
Step 1: Check to affirm if you meet the requirements below.
Requirements for MoMo Agents
a) Have an existing business or are willing to invest in the agency business.
b) Have a Brick & Mortar/Immovable retail shop e.g. Pharmacy Pop & Mom Shop located in high foot traffic.
c) Viable means of identification (National ID, Driver’s License, International passport or Voters card).
d) Readiness to provide 1 passport photograph.
e) 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
1. Dial *502# with your MTN phone number.
2. You receive a prompt to approve your MTN SIM registration details to be used as your MoMo wallet ID KYC
3. Select 1 Yes to accept the T &; C and to continue to the next step.
4. Create your 4-digit PIN as prompted.
5. Reconfirm your 4 digit PIN
6. Your new MoMo Agent wallet is created
7. You get USSD and SMS notifications confirming your new MoMo Agent wallet
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