Posted by: E-Collins
« on: March 02, 2024, 10:43:12 AM »This guide is not only going to show you the list of MOMO Agent Codes but will also show you what it takes to become a MOMO Agent in Nigeria. Mobile Money services have gained significant traction in Nigeria, providing a convenient and efficient means of financial transactions for millions of people.
Becoming a Mobile Money Agent, or MoMo Agent, in Nigeria can be a rewarding venture, offering financial services to communities while building a sustainable business. We are going to use MTN Nigerian as one of the biggest Providers in Nigeria, so this guide is for those who wish to become MTN MOMO Agents. However, there are other providers that you can try if you are not comfortable with MTN.
![]()
A MoMo agent, also known as a Mobile Money agent, is a person who has registered with YDFS, a subsidiary of MTN, and has a permanent shop address in your neighborhood or community. They are authorized to provide you with mobile money services.
An agent from MoMo can help you with a variety of financial transactions, including making deposits and transfers, purchasing airtime and data, and paying bills. You won't have to deal with the hassle of going to a bank anymore thanks to the POS system that the MoMo agent has.
Below are the important USSD codes you might need when completing your registration and A MOMO Agent.
With MTN subsidiary Yello Digital Financial Services (YDFS), MTN offers a solution to the long lines at banks and the unstable network that makes USSD code transfer and mobile banking difficult. To address this issue, YDFS registers and equips local businesses with a Mobile Money (MoMo) wallet. This wallet streamlines a variety of financial transactions, including money transfers, bill payments, and the purchase of airtime and data. You can also pay for your cable TV subscriptions such as DStv, GOtv, Startimes, etc.
A MoMo agent can be registered with a valid form of identity, a permanent shop address in their neighborhood or community, and a working capital of N20,000 or more. You can get a nearby local MoMo agent by dialing *223# and following the on-screen instructions. You will receive an SMS message containing the details of the local MoMo agents, including their addresses after you have completed all the steps.
If you have finally decided to register and become a MOMO agent then you need to follow the instructions below. However, before taking you on the process of registration I would like to first show the requirements so you will get prepared before registration.
Requirements
• Have an existing business or be willing to invest in an agency business.
• You will have a permanent retail shop location that is immovable.
• Have a relevant means of identification (e.g. Driver’s license, international passport, Voter’s card, etc).
• Provide 1 passport photograph.
• Provide a working capital of N20,000 and above.
Registration Process
Step:
Visiting the nearest MTN office to pick up a form: You
• Visit the nearest MTN outlet/office closest to you.
• Pick up a MoMo agent registration form.
• Provide your details (a valid form of identification, a running capital of at least N20,000, and a store in your neighborhood).
Step: 2
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
Step: 3
Registration using mobile App
• Visit: https://www.momo.ng/become-an-agent/ or download the MTN MOMO Merchant mobile app from Google Play Store here to start your registration.
Also Read
MTN Nigeria's payment service bank MoMo PSB opens
What is Airtel Smartcash PSB?
MTN Momo, Easy way to send and receive money
Step 1: Initiate the Process by Dialing *671# on Your Phone
Begin the registration process by dialing *671# using your registered MTN phone number. Upon dialing, a prompt will inform you of a network charge of N6.98 in your wallet. Respond by sending '1' to accept and proceed to the next step.
Step 2: Establish a 4-digit Personal Identification Number (PIN)
Create a unique 4-digit PIN of your choice. Afterward, confirm the PIN to ensure accuracy. Additionally, authorize MoMo to utilize your NIN details for the registration of your account.
Upon completing these procedures, you will receive an SMS confirming the successful creation of your MoMo Wallet along with your designated MoMo Wallet number. Your MoMo account number will mirror your mobile number, excluding the initial '0' in the sequence.
![]()
]h3]How To Link MoMo Wallet To Bank Account In Nigeria[/h3]
Step 1: Head to Your Nearest Bank Branch
Initiate the process by visiting your bank and requesting the linkage of your MoMo Wallet to your bank account. Provide the necessary MoMo Wallet details and any other required information. Once you've confirmed your PIN, the bank staff will proceed to complete the process, and you'll receive an SMS confirmation alert when it's done.
To transfer funds from your MoMo Wallet to your bank account, follow these steps:
• Dial *502# using your MoMo Wallet registered phone number.
• Select "4" to access financial services, followed by "1" for bank transfers.
• Choose "transfer to bank" from the menu.
• Select your linked bank account.
• Input the desired transfer amount.
• Confirm the transaction by entering your MoMo 4-digit PIN.
Upon completion, you will receive a prompt and subsequently, an SMS containing the transaction details.
Step 1: Utilize Your Mobile Banking App
Begin by logging in to your mobile banking app and proceed to the transfer section. Select "transfer to other banks" and designate "Access Yello and Beta" as the bank name. Enter your MoMo Wallet account number, confirm the associated name, input the transfer amount, and verify the transaction. Complete the process by entering your mobile banking PIN. Once the transaction is successful, your MoMo account will be successfully funded.
Step 2: Engage with Other MoMo Agents
Discover a MoMo agent by dialing *223#. Upon locating an agent, deposit cash and provide your MoMo wallet account number to the agent. Await the transfer process. After a successful transfer, confirm the funding by dialing *502#. To verify if your MoMo account has been funded, follow these steps:
• Dial *502# with your registered MoMo wallet phone number.
• Send "5" to access "balance/commission."
• Enter your 4-digit PIN to confirm.
• Receive details of your MoMo Wallet account via SMS.
Becoming a MoMo Agent in Nigeria requires careful planning, adherence to regulations, and a commitment to providing excellent service. By following these steps and staying informed about the dynamic mobile money sector, you can establish a successful MoMo Agent business and contribute to financial inclusion in Nigeria.
Becoming a Mobile Money Agent, or MoMo Agent, in Nigeria can be a rewarding venture, offering financial services to communities while building a sustainable business. We are going to use MTN Nigerian as one of the biggest Providers in Nigeria, so this guide is for those who wish to become MTN MOMO Agents. However, there are other providers that you can try if you are not comfortable with MTN.
About MoMo Agents
A MoMo agent, also known as a Mobile Money agent, is a person who has registered with YDFS, a subsidiary of MTN, and has a permanent shop address in your neighborhood or community. They are authorized to provide you with mobile money services.
An agent from MoMo can help you with a variety of financial transactions, including making deposits and transfers, purchasing airtime and data, and paying bills. You won't have to deal with the hassle of going to a bank anymore thanks to the POS system that the MoMo agent has.
USSD Codes For MoMo Agents
Below are the important USSD codes you might need when completing your registration and A MOMO Agent.
| USSD Code | Function |
| *502**00*9*6# | To add BVN |
| *502**00*9*7# | To ask for help |
| *502**00*9*5# | To liquidate your commission |
| *502**00*9*4# | To update the alternative phone number |
| *502**00*9*2# | To change your 4-digit PIN |
| *502*6*wallet pin# | To view your wallet balance |
| *502*4*1*account number# | To deposit money in the bank from MoMo |
| *502*00*9*3# | To view MoMo Mini-statement |
| *502*5# | To pay bills with MoMo |
How to Become MTN MOMO Agent
With MTN subsidiary Yello Digital Financial Services (YDFS), MTN offers a solution to the long lines at banks and the unstable network that makes USSD code transfer and mobile banking difficult. To address this issue, YDFS registers and equips local businesses with a Mobile Money (MoMo) wallet. This wallet streamlines a variety of financial transactions, including money transfers, bill payments, and the purchase of airtime and data. You can also pay for your cable TV subscriptions such as DStv, GOtv, Startimes, etc.
A MoMo agent can be registered with a valid form of identity, a permanent shop address in their neighborhood or community, and a working capital of N20,000 or more. You can get a nearby local MoMo agent by dialing *223# and following the on-screen instructions. You will receive an SMS message containing the details of the local MoMo agents, including their addresses after you have completed all the steps.
Registration Process and Requirments
If you have finally decided to register and become a MOMO agent then you need to follow the instructions below. However, before taking you on the process of registration I would like to first show the requirements so you will get prepared before registration.
Requirements
• Have an existing business or be willing to invest in an agency business.
• You will have a permanent retail shop location that is immovable.
• Have a relevant means of identification (e.g. Driver’s license, international passport, Voter’s card, etc).
• Provide 1 passport photograph.
• Provide a working capital of N20,000 and above.
Registration Process
Step:
Visiting the nearest MTN office to pick up a form: You
• Visit the nearest MTN outlet/office closest to you.
• Pick up a MoMo agent registration form.
• Provide your details (a valid form of identification, a running capital of at least N20,000, and a store in your neighborhood).
Step: 2
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
Step: 3
Registration using mobile App
• Visit: https://www.momo.ng/become-an-agent/ or download the MTN MOMO Merchant mobile app from Google Play Store here to start your registration.
Also Read
MTN Nigeria's payment service bank MoMo PSB opens
What is Airtel Smartcash PSB?
MTN Momo, Easy way to send and receive money
How To Get MoMo Wallet Code Number In Nigeria
Step 1: Initiate the Process by Dialing *671# on Your Phone
Begin the registration process by dialing *671# using your registered MTN phone number. Upon dialing, a prompt will inform you of a network charge of N6.98 in your wallet. Respond by sending '1' to accept and proceed to the next step.
Step 2: Establish a 4-digit Personal Identification Number (PIN)
Create a unique 4-digit PIN of your choice. Afterward, confirm the PIN to ensure accuracy. Additionally, authorize MoMo to utilize your NIN details for the registration of your account.
Upon completing these procedures, you will receive an SMS confirming the successful creation of your MoMo Wallet along with your designated MoMo Wallet number. Your MoMo account number will mirror your mobile number, excluding the initial '0' in the sequence.
Step 1: Head to Your Nearest Bank Branch
Initiate the process by visiting your bank and requesting the linkage of your MoMo Wallet to your bank account. Provide the necessary MoMo Wallet details and any other required information. Once you've confirmed your PIN, the bank staff will proceed to complete the process, and you'll receive an SMS confirmation alert when it's done.
To transfer funds from your MoMo Wallet to your bank account, follow these steps:
• Dial *502# using your MoMo Wallet registered phone number.
• Select "4" to access financial services, followed by "1" for bank transfers.
• Choose "transfer to bank" from the menu.
• Select your linked bank account.
• Input the desired transfer amount.
• Confirm the transaction by entering your MoMo 4-digit PIN.
Upon completion, you will receive a prompt and subsequently, an SMS containing the transaction details.
How To Fund MoMo Wallet
Step 1: Utilize Your Mobile Banking App
Begin by logging in to your mobile banking app and proceed to the transfer section. Select "transfer to other banks" and designate "Access Yello and Beta" as the bank name. Enter your MoMo Wallet account number, confirm the associated name, input the transfer amount, and verify the transaction. Complete the process by entering your mobile banking PIN. Once the transaction is successful, your MoMo account will be successfully funded.
Step 2: Engage with Other MoMo Agents
Discover a MoMo agent by dialing *223#. Upon locating an agent, deposit cash and provide your MoMo wallet account number to the agent. Await the transfer process. After a successful transfer, confirm the funding by dialing *502#. To verify if your MoMo account has been funded, follow these steps:
• Dial *502# with your registered MoMo wallet phone number.
• Send "5" to access "balance/commission."
• Enter your 4-digit PIN to confirm.
• Receive details of your MoMo Wallet account via SMS.
Conclusion
Becoming a MoMo Agent in Nigeria requires careful planning, adherence to regulations, and a commitment to providing excellent service. By following these steps and staying informed about the dynamic mobile money sector, you can establish a successful MoMo Agent business and contribute to financial inclusion in Nigeria.
Similar topics (5)
