MTN MoMo / MoMo PSB
Enabling inclusive financial services across Nigeria through phone-number wallets.
What it does
MoMo Payment Service Bank (MoMo PSB) is the financial technology subsidiary of MTN Nigeria. Granted final approval by the Central Bank of Nigeria in 2022, MoMo PSB operates an extensive mobile wallet system (*671#) and nationwide agent network to drive financial inclusion for millions of unbanked and rural Nigerians.
Digital WalletsAgent Banking NetworkPeer-to-Peer TransferMerchant Collections
Known for
- Phone number-based wallet (*671#)
- Nationwide MoMo agent network
- MTN telecom ecosystem integration
Model & industry
B2CB2BFinancial ServicesTelecommunications
Products & subsidiaries
MoMo Wallet · Digital Mobile Wallet
In the News
- 2022-05-19 · MTN Nigeria's MoMo PSB formally commences commercial operations · BusinessDay