Mtn momo merchant profit. Available on all devices.
Mtn momo merchant profit. Apr 1, 2024 · The most popular and common mobile money is MoMo by MTN. Quick and easy way for bill, salary and supplier payments Digitise small change and have a complete view of all transactions done Generate Revenue by selling airtime and bill Payment on behalf of your customers May 6, 2024 · Richard Yego, Managing Director at MTN MoMo Uganda Ltd, attributed the growth in mobile money customers to the adoption of the cashless payment solution, MTN MoMo Pay, which saw merchant numbers grow by 68. 2% to Shs 981. 1% increase in profit after tax, reaching Ush 641. Mobile Money (MoMo) revenue rose by 54. Apr 19, 2025 · Revenue climbed 25. 3% YoY) and the total value of MoMo merchant payments (gross merchandise value – GMV) rose by 354. Account Limits: Minimum transaction amount: UGX 500 Maximum transaction Limit: UGX 5,000,000 Minimum account balance: UGX 0 Maximum Apr 27, 2023 · In Nigeria, one of these means becoming a MOMO Agent. MTN Uganda has announced a significant 29. Select Register. L-R: MTN MoMo MD Richard Yego, MTN Uganda CEO Sylvia Mulinge and MTN CFO Andrew Bugembe during the press briefing in Kampala on March 06, 2024. The commissions for transactions performed are received almost immediately. 1% surge in profit after tax, reaching Shs641. This program, part of the Center’s global Mastercard Strive initiative, aims to Jun 3, 2025 · MTN MoMo Pay allows you to pay MoMo merchants directly from your phone using a merchant ID or a QR code. Dec 20, 2024 · The Mastercard Center for Inclusive Growth, MTN Group Fintech and Arifu have partnered to support about one million small businesses in Côte’ D’Ivoire and Uganda, to digitize their operations, increase the use of digital financial services and access digital marketplaces through the MoMo Coach chatbot. Click the link https://momomerchantapplication. Becoming MTN’s MOMO Agent is a great way to make money and a rewarding experience for those who want to stay ahead of the curve and be part of something bigger. The telecom firm recorded a 19. He noted that the number of mobile money agents remained stable at just over 166,200. MTN Mobile Money (MoMo) MTN MoMo is a fintech platform providing consumers and businesses with a host of innovative digital financial services. 7 billion for the year ending December 31, 2023, indicating a strong embrace of mobile financial services. This requirement is necessary in ensuring that in case of an unanticipated occurrence, it’s easy to pay back your debts and customers as well. Feb 29, 2024 · The partnership is set to launch a prepaid virtual card tailored for MTN’s MoMo customers, granting them access to over 100 million acceptance points worldwide Additionally, it will empower MoMo merchants to seamlessly accept card payments, enhancing the platform’s instant cross-border money remittance services and capabilities Mastercard and MTN Group Fintech have signed a multi-market Nov 9, 2023 · Effectuez et recevez des paiements, gérez efficacement votre entreprise. What next after application? Help Center MoMo SIM Router Mobile Promos, Products & Services FAQs Portals MTN Ghana MTN Broadband Online Requests MoMo Agent Pairing Apps Ayoba MyMTN App Android MyMTN App iOS MyMTNLite We have made MoMo merchant sim request easy for all! Here's how; Online 1. mtn. 9%, mostly due to its airtime lending product (Xtratime). Dial *165*3# Select option 2 (MoMo Pay and Pay Bills) Choose option 1 (MoMo Pay) Enter Merchant ID MTN Mobile Money is a mobile wallet and fintech platform that has become a core payments rail across multiple African markets. It has provided jobs for the general GDE - MOMO AGENT PORTAL APPLICATION Apr 16, 2025 · How to get your MTN mobile money statement? MTN Ghana offers MoMo statements for both regular customers and merchants or agents. MoMo has gained popularity, particularly in regions with limited access to traditional banking services, providing a convenient way for people to manage Nov 9, 2024 · In a celebration marking 15 years of impact and innovation, MTN Ghana honoured top-performing partners, agents, and merchants who have been instrumental in the growth of its mobile money service, MTN MoMo. The MTN MoMo @15 National Stakeholder Dinner and Awards night held on Friday, November 8, 2024, at the Mövenpick Ambassador Hotel highlighted its commitment to financial inclusion and Nov 15, 2022 · This article breaks down the charges and explains all you need to know about mobile money charges on withdrawals and cash transfers. Enable your customers with the MoMo API. Aug 9, 2025 · According to MTN MoMo, one MoMo agent or merchant from any part of the country shall win a brand-new motorcycle every week until the end of the year. 4% to GHS 4. May 1, 2025 · In the meantime, MTN stated that, in comparison to December 2024, the number of agents and merchants on the MoMo network rose by 47. This business-to-consumer (B2C) platform allows local vendors to create their own digital shops and showcase their products to MTN’s extensive customer base. 5% in 2024, reaching GHS 17. Aug 6, 2024 · Left-Right: MTN Uganda Chief Finance Officer, Andrew Bugembe, CEO Sylvia Mulinge and MTN MoMo MD Richard Yego during H1 financial results announcement on August. MoMo Merchant/Agent Onboarding Portal Terms & Conditions You agree to provide your personal information which shall be processed by MML in a secure manner to enable you use this portal. 5% rise in data revenue and 22. Aug 3, 2023 · The Management of Mobile Telecommunication Network (MTN) Ghana has encouraged Small and Medium Enterprises (SMEs) to effectively use merchant numbers in Jun 24, 2025 · These numbers have raised an important question: Are Ugandan investors missing out? “With fintechs now outperforming traditional banks in profitability, a public listing of MoMo or Airtel Money could unlock tremendous value for local investors,” noted Crested Capital in their commentary. Apr 23, 2021 · How Much Can One Make from Being MTN MoMo Agent? MTN MoMo Agent outlet (image source) The major benefit of being an MTN MoMo agent is that the agent receives different commissions which will be a source of profit for the business. Currently the industry counts about 400,000 MoMo merchants. Jun 5, 2024 · Fintech companies, MTN Mobile Money Uganda Ltd and Airtel Money Commerce Uganda Ltd, have together announced a significant profit after tax of Shs 452. Log in to your MTN MoMo App by dialling *120*151# and get started. Download from the MoMo App from Play Store or Apple Store\u000Bdepending on the OS. 8% growth in fintech Mar 31, 2023 · Do you wish to know more about MTN mobile money in Ghana? Learn how to register online and offline, associated charges, and much more about the service. Outshining banks Remarkably, both MoMo and Airtel Money posted profits higher than many of Uganda’s Mar 7, 2025 · MTN Uganda’s fintech growth continues to transform financial services. . For regular (prepaid) users Here are the available methods to request your MoMo statements as a prepaid user. Fill out this form accurately to ensure a smooth registration process. Sep 30, 2020 · How much money do you need to start an MTN MoMo business? There is a minimum capital requirement that is expected from a prospective MTN Mobile Money Ghana agent. Apr 19, 2025 · MTN Mobile Money Uganda Ltd, the fintech arm of telecommunications giant MTN Uganda, has reported a robust 23% increase in net profit, reaching Shs 250. Only Tier 2 and 3 Momo wallet customers can access this service, due to BVN/KYC being a requirement for inbound remittances. We continued to scale our payments platform, the number of active merchants accepting MoMo payments stood at 581 514 (up 85. africa/ select informal business and proceed. It all begun with MTN in 2009. Mar 6, 2025 · The significant growth in mobile money transactions has played a crucial role in MTN Uganda’s overall financial success. How Do I Get My MTN Merchant Number In Uganda? Dial *5051# Select Register. Nov 11, 2024 · By InstinctBusiness Nov 11, 2024 0 MTN Ghana marked the 15th anniversary of its mobile money service, MTN MoMo, with a celebration at the Mövenpick Ambassador Hotel on November 8, 2024. 1 billion). Jan 24, 2025 · MoMo @ 15 winners – Ashanti- Bono ,Ahafo and Bone East Regions MTN MOBILEMONEY RECOGNIZES KEY PARTNERS, AGENTSAND MERCHANTS ACROSS THE COUNTRY AS IT CELEBRATED 15 YEARS OF MOMO IN… May 21, 2025 · MoMo merchants can sell value-added services such as airtime, data, prepaid electricity, DStv, Lotto and bus tickets. Agent sim is a type of registered sim purposely for mobile money transaction business. Method #1 – USSD registration Here’s how to request an MTN MoMo SIM through USSD: Dial *5051#. Download the MoMo Business app now. Unlike other ecommerce platforms that might require complex setup processes, Market by MoMo simplifies the Transfer funds and make purchases using your phone. 7% to over 292,000. 0 billion ($581 million), now accounting for 50. 4 billion ($284 million), contributing 24. You shall not under any circumstance provide your personal information to any third party in the process of signing up to use this portal. Eventually, both MTN and the agents might have to opt out of this business. The As simple as it looks, you should make more inquiries from Mtn and/or other mobile money merchants and agents before your start and learn to roll over your profits within the first three to four months to increase your startup capital. The remarkable growth in mobile money transactions has been a major contributor to MTN Uganda’s overall financial success. 9 billion ($1. Speaking at the National Awards night held in Accra, the Chief Executive Officer of MobileMoney LTD, Shaibu Haruna, expressed his WELCOME TO MTN Business ManagerWelcome to MTN Business Manager Sign In to see the latest updates Enter your username or email Oct 25, 2025 · Download MoMo Merchant for Android: a free finance app developed by MTN with 100,000+ downloads. Mobile money agent will earn a commission from different MTN Products and services: This quarter, on My MTN app, we launched Tesa deals, an online marketplace to support the entrepreneurial activities of our youth-ful base while on the MoMo app, we launched an online ticketing service offering a suite of tools de-signed to improve event management. 05, 2024. Additional revenue for Merchants who can earn commission by With MoMo, experience no monthly fees, no queues, no carrying cash, no bank account needed. MTN, which Mar 6, 2025 · With MoMo you can send money to friends & family, topup airtime, purchase bundles, pay your bills, merchants and much more. But what are the requirements for applying for an MTN MoMo Merchant SIM, and how can businesses ensure a smooth application process? Let’s explore. com. The MTN mobile money rates enable the company and MoMo agents to generate revenue and profits. Jan 23, 2025 · MobileMoney LTD, (MML) as part of activities to crown its 15 th anniversary celebrations organized awards event across the country to honour its high-performing Partners, Agents and Merchants who have been instrumental to the growth of MTN MoMo in Ghana. Dial *170# to get started. 5 billion for FY2024. 8%, MoMo has evolved into a comprehensive financial platform that supports payments, savings, and access to credit. 6 tn, reflecting a steep rise in both adoption and customer activity. Un moyen rapide et facile pour les paiements de factures, salaires et fournisseurs Numérisez les petits changements et obtenez une vue complète de toutes les transactions effectuées Générez des revenus en vendant du temps d'antenne et en payant What are the MTN MoMo fees? TransfersWithdrawals Mar 7, 2025 · The launch of Market by MoMo, a digital commerce platform, has further enabled merchants to expand their reach, connecting buyers and sellers beyond traditional marketplaces. MTN MoMo Registration Form for Agent/Merchant This MTN MoMo Registration Form is essential for agents and merchants to officially register for the MTN mobile money services. 9% to total service revenue. These Terms and Conditions together with the application form and the operational guidelines (together “the Agreement”) contain the complete terms and conditions that apply to Merchant's participation in MTN's mobile payment system through acceptance of MoMo Pay payments (hereinafter Mobile Money Merchant Payments Services or MoMoPay) and supersedes all other agreements entered into Oct 11, 2023 · In this article, we will examine some of the most important features and functions of the MTN MoMo app for your mobile device. Add a new revenue stream to your business while giving your customers more options. Mothibi said MoMo has 18 000 registered merchants in South Africa. The company reported a 30. com or directly send a message from the app (Account > Contact us for help) The pro forma financial information presented in the Annual Financial Results for the period ended 31 December 2023, and the comparable period has been prepared excluding the impact of impairment of goodwill, PPE, and associates, impairment loss on remeasurement of disposal group, net loss (after tax) on disposal of SA towers, profit or loss on disposal of PPE and intangible assets Apr 17, 2024 · How to become an MTN mobile money agent or merchant? To become an MTN Momo agent, you can register or request the agent or merchant SIM card through online registration, USSD code, or by visiting the MTN office. Manage all your business payments through the MoMo Merchant App. With MoMo, you do not need to travel far or wait impatiently to receive or send money. It includes business and owner details, bank information, and instructions for submission. Nov 9, 2021 · Even though MTN Ghana is targeting 2025 for its NaaS status, it would appear it started playing that role long before now, particularly in the area of MoMo merchant network in Ghana. Pay with MoMo Merchant ID: Merchant Name: How to pay with QR Code Download & Install the MoMo app Enter your MoMo PIN & one time code received in SMS Click on ‘Scan & Pay’ Enter amount, reference and confirm payment Scan to pay with MoMo Merchant ID: Merchant Name: How to pay with QR Code Download & Install the MoMo app Enter your MoMo PIN & one time code received in SMS Click on ‘Scan & Pay’ Enter amount, reference and confirm payment Sep 16, 2022 · The main code of MTN Mobile Money is *170#, but it is used with other codes depending on the particular transaction one is accessing at a particular time. Apr 13, 2025 · What is Market by MoMo? Market by MoMo is an online shopping marketplace that connects Ugandan retailers directly with consumers. The company’s profit after tax increased MoMo agent network composed by all mobile money agents who sell MoMo (cashin/out), VTU, SIM CARDS, AIRTIME and other MTN products and services, will be entitled to receive commissions earned legitimately through MoMo services. The service has been developed by MTN’s Technology Business and fintech arm, MTN MoMo. Mar 6, 2025 · To further support financial inclusion, MTN Uganda launched “Market by MoMo,” a digital commerce platform designed to connect local merchants with buyers. To use the MoMo Service customers need to simply dial the shortcode *671# and open their personal accounts on their Phone numbers, fund their accounts and start transacting. 1 trillion, fueled by a 30. MTN Mobile Money is a fast, simple, convenient, secure, and affordable way of transferring money, making payments and doing other transactions using a mobile phone. In this article we shall discuss how to acquire Agent sim from MTN Ghana. 9 bn as the value and volume of transactions accelerated. Apr 13, 2024 · What are the requirement to get registered as MTN MoMo Agent/Merchant? Get your Ghana National Identification Card also known as Ghana Card, Business certificate and start the process. momo. 8%, totalling GHS 9. You will receive a notification confirming successful account creation. How to register for an MTN agent line With your legitimate KYC documents, visit any nearby MTN service centre. In advancing our ambition to build the largest and most valuable platforms, we launched Market by MoMo in Q4 24, a digital commerce platform aimed at connecting local merchants with buyers both within Uganda and across the globe. Financial services for merchants, businesses, fintech companies, banks, financial institutions, digital services providers and other organizations Jan 8, 2021 · With over ten million subscribers on the MTN Momo platform, you gain access to the largest Mobile Money customer base once you become a merchant. Gérez tous vos paiements commerciaux via l'application MoMo Merchant. An agent with the authorization to serve as a representative of MTN Digital Financial Service. Customer - MTN Uganda Customer Pay with MOMO Wesotinge MoPesa Merchant – My Business Wallet Corporates Virtual Card by MoMo MTN Yinvesta Terms and Conditions FAQs for Yinvesta Family Cover by MoMo Aug 12, 2021 · In Nigeria we added 121 000 agents to end the period with more than 515 000 registered MoMo agents. Aug 7, 2022 · All MTN agents who sell MoMo services, sim cards, Virtual Top Up (VTU), and airtime are members of the MoMo agent network and are eligible to receive commissions generated legally through MoMo services. 5% fee is charged from your wallet when you make payments via MoMo Pay. Regular users can access up to 3 years of records, while merchants and agents are limited to the last 2 years. Group EBITDA 2020 CC and 2021 CC at constant currency ^Other includes the impairment on remeasurement of disposal groups (R53m), loss on deconsolidation of Syria (R4. How to do merchant payment MTNA MoMo User Guide English TVC#MTN #MoMo #MerchantPayment Mar 2, 2025 · MTN Ghana has promised to execute its Ambition 2025 Strategy despite the macroeconomic challenges by focusing on sustained growth and enhancing its platform strategy. MoMoPSB is a subsidiary of MTN Nigeria, Africa’s largest provider of communications services. Jan 9, 2023 · MTN MoMo Awards seeks to celebrate and recognize the efforts of agents, merchants and mobile money agents who have contributed immensely to the growth of the service across the country. 6%, respectively. 5% increase in service revenue to Shs 3. You can also self-register your merchant business through the same process above on https://businessonboarding. With fintech earnings increasing by 22. It's a one-stop shop for everything you need. 5 billion, and a 19. gh/ to access the portal Read through the terms and conditions and Mar 3, 2025 · The News: MTN Ghana’s service revenue increased by 34. Among other things, it enables users to access payments, e-commerce, insurance, lending and remittance services. Jan 2, 2021 · MTN mobile money registration requires the applicant to have a limited company or its equivalent. You can make payments by dialling *170# or using the MTN MoMo app. It allows users to send and receive money, pay bills, purchase airtime, and conduct other financial transactions using their mobile phones. Apr 23, 2024 · Acquiring an MTN MoMo (Mobile Money) Merchant/Agent SIM is a game-changer for businesses looking to leverage mobile money to expand their reach and streamline transactions. To get agent sim, please follow the steps below for qualification. 2% of total service revenue. Available on all devices. 7% and 23. Use the MoMo API to integrate a range of products for fintech, e-commerce, payments and collections. A 0. Investor Is there a charge for registering MTN MoMo? How do I activate my MoMo wallet after completing registration? What are the services under MTN Mobile Money? How do I keep my MoMo wallet Safe? May 22, 2025 · In a move to promote seamless and affordable cashless transactions, MTN South Africa has launched MoMo Pay, a digital payment solution designed to help individuals and small businesses—especially those in the informal sector—accept payments with ease. Dial *5051# Choose “Register” Choose your region and complete registration. 4 billion. Data revenue grew by 53. Becoming an MTN Mobile Money agent is an extremely simple process that can be started on your phone. This initiative aims to harness the power of mobile money to drive economic growth and digital trade. 4% increase in MoMo revenues, driven by the increased adoption of advanced services and a 58. 5% increase in service revenue. With 24 motorcycles up for grabs, the campaign is energizing small businesses and rewarding those who are powering their growth through MoMo. 7bn), gain on disposal of BICS (R1. MTN MoMo processed 4. 3 bn transactions worth Shs 158. Since MTN introduced Mobile Money in Ghana. 2bn), aYo profit (R526m), gain on disposal of Namibia (R38m), impairment of Yemen PPE and intangibles (R609m), profit of disposal of Yemen (R15m), hyperinflation and once off items (Vaccine Aug 12, 2021 · In Nigeria we added 121 000 agents to end the period with more than 515 000 registered MoMo agents. Oct 15, 2025 · MTN Uganda has reported a remarkable 30. Thousands of merchants have been onboarded, supported by MTN’s merchant Learn about MTN Mobile Money (MoMo) services in Uganda, including MoMo Pay, MoKash loans, and transaction fees. Access to your MoMo account while roaming for FREE. This specific SIM gives you access to MoMo Agent services and differs different from a regular MTN SIM. Nov 12, 2021 · MTN Mobile Money and our ayoba superapp are making doing business easier for entrepreneurs everywhere, supporting the development of their enterprises and the growth of economies in Africa. #mtnmomobusiness#mtnghana#momobusiness#ghana#makemoneyinghanaHere I share with you everything you need to know about mtn momo business in ghana, how to start Nov 9, 2023 · Make and receive payments, manage your business effectively. Download The MoMo Business App Use the power of your phone to manage your money. Review the summary of your merchant details (business name and nature of business) and confirm. MTN MoMo MD Richard Yego, MTN Uganda CEO Sylvia Mulinge and MTN CFO Andrew Bugembe during the press briefing in Kampala on March 06, 2024. MOMO APP MERCHANT APP MTN Mobile Money (MoMo) is a mobile payment service offered by MTN Group, a telecommunications company. Now, the merchant network built by MTN, has become a resource for the other MoMo players to also gain some penetration Jul 24, 2023 · The new platform known as Digital Suite automates the distribution of products and services and allows payment for delivered goods via MTN Mobile Money, eliminating the use of cash in the supply chain. Jul 29, 2024 · A detailed comparison of MTN MoMo Merchants and Agents in Ghana; their roles, transaction cost and limits, commissions, and how to get either SIM. 7% increase in net profit to Shs 295. More information Taxes are automatically deducted from your account as part of your withdrawal transaction. The event honored top-performing partners, agents, and merchants who have significantly contributed to the growth and success of MTN MoMo in Ghana. Select your region and wait for a reference number to be sent to your phone. Merchants can sell value-added services via MoMo’s point-of-sale terminals and use the device to facilitate card payments through a partnership with MTN and Mastercard. At GH¢ 4,000 is the required minimum amount of money you are required to have to become an agent. Serving as a bridge between cash-based economies and digital finance, MTN Mobile Money powers local payments, remittances, merchant transactions and cross-border transfers — supporting nearly 70 million active MoMo users within the broader MTN footprint. Documentation requirements for an agent Since MTN Mobile Money Agent is a form of business, the agent is required to have this official documentation Do More with MoMo Go mobile with managing your money safely via our app and USSD. Oct 7, 2022 · MTN MoMo Ghana means you can get more done like pay school tuition via ussd and mobile application. Demo description for the momo websiteYou can always contact us via support@homeland. MTN MoMo Pay allows customers to pay for products and services directly from their mobile phones. Mar 9, 2025 · L-R. How Do I Send Money To MTN Merchant In Uganda? Follow the steps below. This impressive growth underscores the escalating importance of digital payment solutions within Uganda’s burgeoning economy. Earn commission You can profit when your customers use MoMo to buy airtime, data and prepaid electricity and more, at your store Jun 17, 2025 · To officially operate as an MTN Mobile Money (MoMo) agent, you need an Agent SIM card (also called Merchant or Agent SIM). Access to your account statement using the MoMo App is FREE. The ability to transact seamlessly and securely is empowering individuals and businesses to operate more efficiently, further driving economic participation. Select your region. However, the company's fintech revenue increased by 57. 3% increase in the active merchant base to 451,000, showcasing strong adoption and usage of MoMo payment services. 1 day ago · A blessed hand (book) is now available book your copy with mtn momo market by following the link 👇👇 Jun 11, 2024 · Mobile Money Rwanda delivered solid results with a 29. Without a significant profit, this mobile money transfer business may not thrive. Apr 7, 2025 · Learn more about MTN mobile money charges on transactions like withdrawals and deposits and how much it costs to make a MoMo transfer. Jul 13, 2020 · In this article, we review the MTN MoMo app, show you how to download, install, and use the mobile app on your smartphone. Please note that Agents and merchants are not allowed to receive inbound remittances. After registration, an MTN agent will be sent to inspect your location. Register with your National Identification or other valid allowed identity document today and enjoy the ease and convenience that MTN mobile Télécharge l’application MoMo Merchant Utilise l’application ”MoMo Merchant” pour une meilleure gestion de ton argent simplement àpartir d’un téléphone. This performance is a testament to the company’s strategic investments in fintech, digital innovation, and network expansion. 2% to US$12. Sep 2, 2024 · Key to driving payment activity on MoMo is the maturity of its merchant ecosystem. 2 billion for the financial year ending December 31, 2024. Store, send, and receive money using your app. MoMo agent network composed by all mobile money agents who sell MoMo (cashin/out), VTU, SIM CARDS, AIRTIME and other MTN products and services, will be entitled to receive commissions earned legitimately through MoMo services. Dec 26, 2023 · If you are looking for how to become a MoMo agent, then you are in luck. 7 billion for the half-year ended June 2024, driven by robust growth in voice, data, and fintech services. 8pqn s58durg us f1jcxp cxt gjozb 7dw mp8mmp 9mob zo