How 1,800 People Gathered To Learn About MoMo PSB

Posted on November 30, 2022

On Saturday afternoon, Tajudeen Omokide, Head Distribution, MoMo PSB joined a twitter Space live-audio conversation to discuss MoMo PSB new bill payment feature, and ended up talking about the potential of MoMo PSB, in light of the new cashless policy. 

Moderated by Financial educator, Kalu Aja and Fintech consultant, Ogunseye Ladi, the hour-long talk attracted more than 1,800 listeners who tuned in for the conversation.

We learned so much from the conversation, and we wanted to share all those insights with you.

Keep reading!

1. Deposit old naira notes with MoMo

MoMo PSB offers an easy way to deposit your money into the system, especially in areas where you don’t have access to banks. With naira redesign and cashless policy, it is imperative you have some form of digital store of value. Your MoMo wallet will do that for you conveniently and adequately. You can deposit your old naira notes with the MoMo agent nearest to you using your phone number.

2. Your phone can be your bank

What MoMo PSB is driving at is a situation where more Nigerians are performing digital payments and settling bills digitally. So the moment you have a phone and NIN and BVN enabled mobile line, you are at liberty to open a MoMo wallet from the convenience of your house. You can also access value and settle bill payments.

3. Access MoMo in two ways

You can currently access MoMo in two ways, via the USSD code *671# or using the MoMo app. Currently, the consumer app is in its final stages and will be released before the end of the month.

4. Opens you to a world of financial possibilities

You can also send and receive money with ease. All you need is the receiver’s phone number. And the best part? the receiver doesn’t need to have a wallet. By simply dialing the phone number, you can transfer money instantly. In a situation where you haven’t opened a MoMo Wallet, once you dial *671# it prompts you to set up a pin and then your wallet is set up. It is seamless, available for everyone and free!

5. Championing financial inclusion

MoMo PSB is ensuring the easiest and most convenient ways to make payments in Nigeria. Outside its services of electricity bill payment, cable TV subscription, as well as the collection of deposits, MoMo also provides a huge opportunity for the unstructured SMEs to be onboarded with absolute ease. MoMO PSB is providing financial services to unbanked and underserved Nigerians who do not have access to them.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

With the scarcity of new Naira notes and fuel unabated in many parts of... Continue
The APC Senatorial Candidate for Ogun West Senatorial District, Senator Adeola Olamilekan Yayi, on... Continue
Mobile Network operator, Globacom has struck an exclusive deal with world’s leading manufacturer of... Continue
She is not your regular mama, she is an extra mama. Meet Princess Umeh-Ubaka... Continue
A member of the Security and Intelligence Committee of the Tinubu/Shettima Presidential Campaign Council,... Continue
African video streaming platform, Showmax, has partnered with The Joburg Film Festival, to launch an... Continue
As part of efforts to appreciate customer loyalty, continued patronage and support, MTN Nigeria... Continue
NJOKU MACDONALD OBINNA      Barely 20 days to the general elections scheduled for... Continue
  As the race to win the ultimate prize of $100,000 continues on the... Continue
The First Lady of Ekiti State, Mrs. Olayemi Oyebanji, who until recently, was a... Continue


Glo Unlimited

Access Bank