Have you been in a situation where you urgently need cash but do not have your debit card with you? Perhaps you have your debit card but there is no ATM in sight or you want to send money to someone who does not have a debit card? Well, you can now withdraw cash from any MoMo Agent around you in Nigeria without a debit card or ATM machine.
Y’ello Digital Financial Services (YDFS) a subsidiary of MTN Nigeria, launched ‘MoMo Agent’ services in 2019, a neighbourhood shop to send and receive money anywhere in Nigeria without the use of a debit card. Using this service, customers can visit MoMo Agents in any part of the country to access funds in their bank accounts without requiring an ATM Machine or ATM Card.
The Federal Government, through the Central Bank of Nigeria (CBN), announced plans to ensure that 95% of Nigerian adults are financially included by 2024. YDFS is one of the leading Nigerian entities working to accelerate the CBN’s financial inclusion drive. With an agent base of over 300,000 and growing, MoMo Agent has a “Super-Agent” license by the Central Bank of Nigeria to recruit agents to provide safe and accessible money transfer services to communities across Nigeria.
Through this vast distribution network, funds are disbursed to beneficiaries in towns and villages and all local government areas across the country. MoMo Agent is a convenient, fast and reliable way of sending and receiving money in Nigeria. MoMo Agent has also been upgraded with bill payment, cash deposit and withdrawal including data and airtime purchase components. With MoMo Agent, public and private companies can also make bulk payments anywhere in Nigeria.
You can now go to any MoMo Agent to send money to your loved ones anywhere in Nigeria or receive money without using an ATM card/Terminal. You can also buy airtime with ease at any MoMo Agent outlet. Dial *223# on your MTN line to locate the nearest MoMo Agent around you.