How to get MoMo Agent POS Machine

Last Updated on July 1, 2024 by admin

Are you search for how to get MTN Momo agent Point Of sales which popularly call POS and you don’t know the steps and requirements , You will understand the process from this content.

The Momo agent allows you to Make Deposits withdrawals cash and it is available to all banks in Nigeria. you can also buy airtime time and data from all the mobile subscribers, you will be able to withdraw money without your debit card which is known as cardless withdrawal.

You can Pay your Bills conveniently at any MoMo Agent close to you also send and receive money

The maximum single transaction amount you can trsact from momo agent is N20,000 it’s applicable across all banks? and the maximum daily transaction that you can withdraw from momo agent is N100,000 across all banks

Table of Contents

Benefits of MTN momo agent POS

The MTN MoMo Agent POS offers several benefits for both agents and customers in Nigeria:

Benefits for MoMo Agents:

Additional Revenue Stream: Agents earn commissions on various transactions like cash-in, cash-out, bill payments, airtime purchases, and other financial services.
Increased Foot Traffic: Offering MoMo services attracts more customers to your business, potentially increasing sales of other products or services.
Enhanced Brand Image: Being a MoMo Agent enhances your business’s reputation as a provider of convenient financial services.
Access to Financial Services: Agents themselves can use the MoMo platform for their own transactions and financial needs.
Business Support: MTN provides training and support to MoMo Agents to help them run their businesses effectively.

Benefits for Customers:

Convenience: Customers can easily access financial services like cash deposits, withdrawals, bill payments, and airtime purchases at nearby MoMo Agent locations.
Accessibility: MoMo Agents are often located in areas where traditional banking infrastructure is limited, providing financial services to underserved communities.
Financial Inclusion: MoMo promotes financial inclusion by enabling people without bank accounts to access mobile money services.
Safety and Security: MoMo transactions are secure, reducing the need to carry cash.
Reduced Transaction Costs: MoMo transactions can be more affordable than traditional banking fees.

Overall Benefits:

Driving Financial Inclusion: MoMo Agent POS is a significant driver of financial inclusion in Nigeria, providing access to financial services to the unbanked and underbanked population.
Boosting Economic Growth: By facilitating convenient and accessible financial transactions, MoMo contributes to economic growth in local communities.
Job Creation: The MoMo Agent network creates employment opportunities for individuals and small businesses.

If you’re considering becoming a MoMo Agent or are a customer looking for convenient financial services, the MTN MoMo Agent POS offers a win-win solution.

Also read: How to Become MTN MoMo Agent AND Requirements

How to get MOMO Agent POS

To get a MoMo Agent POS in Nigeria, you can follow these steps:

Meet the Requirements:

Have an existing business or be willing to invest in an agency business.
Have a physical retail shop (e.g., pharmacy, shop) located in a high-traffic area.
Possess a valid means of identification (National ID, Driver’s License, International passport, or Voter’s card).
Be ready to provide one passport photograph.
Have a working capital of ₦20,000 or above.

Self Onboarding (For MTN Users):

Dial *502# on your MTN phone number.
Approve the use of your MTN SIM registration details for MoMo Wallet ID KYC.
Accept the terms and conditions.
Create and confirm your 4-digit PIN.
You will receive notifications confirming your new MoMo Agent wallet.

Alternative Method (For Non-MTN Users or if Self Onboarding Fails):

Visit the nearest MTN outlet.
Pick up a MoMo Agent registration form.
Fill out the form and submit your details along with a valid ID card and one passport photograph.
Provide a snapshot of your existing shop or kiosk as evidence.

Await Approval:

MTN will review your application and, if approved, you will be contacted to collect your MoMo Agent POS device.

Read: how to Send or Receive Money Through MoMo Agent

Airtime & Data

Buy airtime with Ease via MoMo Agents You can easily purchase airtime or data at any MoMo Agent Outlet. Simply hand over your phone number and cash for desired value and your good to go.

How to locate Momo Agent

You can locate a MoMo Agent in Nigeria using the following methods:

USSD Code:
- Dial*223#
- Select 1 to locate Agent
- Enter State
- Enter LGA
- The Address and Phone Number of the closest MoMo Agent is displayed
MoMo App:
- Download and install the MoMo app from Google Play Store or Apple App Store.
- Open the app and use the “Find an Agent” feature to locate nearby MoMo Agents.
MTN Website:
- Visit the MTN MoMo website and use their Agent Locator tool to find MoMo Agents in your area.
Physical Search:
- Look for shops or businesses with the MoMo Agent signage displayed.

Please note that MoMo Agents are widespread across Nigeria, so you should be able to find one easily near you.

FAQS

Q: How can I become an MTN MoMo Agent?
- A: You can self-onboard by dialing *502# on your MTN line or visit the nearest MTN Service Center to register.
Q: What are the requirements to become a MoMo Agent?
- A: You need a valid ID, a functional business, a starting capital of at least ₦20,000, and a smartphone.
Q: How much does it cost to become a MoMo Agent?
- A: There is no registration fee to become an MTN MoMo Agent.

Using the MoMo Agent POS:

Q: What services can I offer with the MoMo Agent POS?
- A: You can offer services such as cash-in, cash-out, bill payments, airtime/data purchase, money transfers, and other financial services.
Q: How do I get paid as a MoMo Agent?
- A: You earn commissions on every transaction you process. The commission rates vary depending on the type of transaction.
Q: How do I get support for my MoMo Agent POS?
- A: You can contact MTN customer care through their call center, website, or by visiting an MTN Service Center.

Security and Troubleshooting:

Q: Is the MoMo Agent POS secure?
- A: Yes, MTN MoMo prioritizes the security of transactions by using encryption and other security measures.
Q: What should I do if my MoMo Agent POS is not working?
- A: Try restarting the device or contact MTN customer care for assistance.

General Questions:

Q: Can I be a MoMo Agent if I don’t have an MTN line?
- A: Yes, you can. However, the self-onboarding process (*502#) is only available for MTN users. You can visit an MTN Service Center to register if you use another network.
Q: How do I find a MoMo Agent near me?
- A: You can dial *223# on your MTN line to locate the nearest MoMo Agent or use the MoMo app.