How to Become MTN MoMo Agent AND Requirements

Last updated on April 26th, 2023 at 11:26 pm

MTN Momo agent is mobile money agent, a digital Financial Services (YDFS) platform which is licensed by the Central Bank of Nigeria as Super-Agent framework and agent banking that allow Nigerians to send and receive money, pay bills across the country.

The mobile money platform is managed by one of the MTN subsidiaries–Y’ello Digital Financial Services by providing services like cash-in and out payment, airtime, service, and bill payments to customers

The goodness about this service is that Customers don’t need to have a bank account to send or receive money. All that is required is a visit to any MoMo Agent close you to either send or receive money.

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MoMo Agent can perform the service of account opening which allow customers make deposit and withdrawal as well pay for bills without visiting their banking hall or waiting for long queue.

Who’s a  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.

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Requirements to become MoMo Agents

1. Have an existing business or willing to invest in agency business.
2. Have a Brick & Mortar/Immovable retail shop e.g. Pharmacy Pop & Mom Shop located in high foot traffic.
3.Viable means of identification (National ID, Driver’s License, International passport or Voters card).
4.Readiness to provide 1 passport photograph.
5.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

MTN MOMO field staff will contact you for a planned visit to ascertain your suitability

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You can also become momo agent by registering  with your mobile phone provided your MTN number is registered with your correct registration details (i.e. Your Correct Name, Date of Birth, and Bio-Data). When you create a MoMo agent wallet using your phone number, your phone number will be converted into a momo agent account.

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

This will enable you to store funds, send and receive funds, and also pay bills (i.e. utility, electricity, recharge cards, television, e-pins, etc.).

How MoMo agent can check for their commission Balance?

To check for Account Number (NUBAN)
Airtime Balance
Float Balance
Commission balance

Simply dial *502*8*3#.

How can I locate a MoMo agent?

To locate a MoMo agent, simply dial *223# & follow the prompts. List of agents, their phone number and addresses will be displayed. This service is free.