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MoMo Bill Payment: What it is and why to use it

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Payments are a necessity for both individuals and businesses. The need to make payments is perhaps the one thing all customers have in common. Daily, individuals and businesses pay utility bills such as electricity, cable tv and mobile subscriptions.

While most people prefer cash payments, it is not a practical option. Nonetheless, even credit cards have their limitations. How many times have you completed a transaction, handed over your card to pay, and received the message “Declined” Or “network unavailable”?

This is why MoMo Bill Payment has simplified a lot of bill services for you! So, instead of carrying cash around or stressing over credit cards, you can simply pay bills using the MoMo PSB app or USSD code. MoMo Bill Payment services are convenient and efficient, with features guaranteed to keep your funds secure.

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To further help you understand what MoMo Bill Payment is, and how it works, this article has all the information you need. Let’s get started!

What is MoMo Bill Payment?

MoMo Bill Payment is one of the convenient services offered by MoMo PSB, a mobile banking platform that offers financial solutions to merchants, fintech companies, banks, financial institutions, digital service providers and other organisations. It offers an easy, safe and inexpensive way to ensure that all your bills are paid from the comfort of your homes or offices.

MoMo Bill Payment allows customers to carry out transactions such as renewing subscriptions, buying prepaid electricity, travel bills, school fees, making payments through MoMoPay and collections, and so much more. The goal of MoMo Bill Payment is to drive financial inclusion in Nigeria, by providing safe and accessible money transfer services to millions of unbanked and underserved Nigerians.

With MoMo Bill Payment, you can:

  • Renew subscriptions with ease: Payment of subscription bills like DSTV, GOTV and Star times, has now become simple and easy for MoMo PSB customers.

 

  • Purchase Electricity Units:  With MoMo, paying electricity bills has become relatively easier. All you have to do is log in, supply your metre number and pay for specified units, all within minutes!

 

  • Make Payment through MoMoPay: This enables merchants to receive payment for goods and services using Mobile Money Payment services.
  • Make Payments through Collections. Enable remote collection of bills, fees or taxes.

Why MoMo Bill Payment?

  1. It is convenient: With MoMo Bill Payment, you have all the tools needed to manage and make bill payments, at both individual and business levels. From the convenience of just one app, paying your bills is super easy. You can conveniently pay electricity, cable TV, betting, and loan collection bills to specific vendors. This also saves you time with all your bills appearing in one place rather than logging into multiple websites or apps.
  2. Super easy to use: You can sign up quickly and start making bill payments in just 15 minutes. MoMo Bill Payment’s APIs are seamless, uncomplicated, and currently optimizable to give you the best experience.
  3. Keep your funds secure: With online banking, it is only normal to be skeptical. However,  MoMo Bill Payment is committed to safeguarding the information and funds of its customers, from malicious actors. It makes use of the best security protocols to keep your transactions secure, information safe and data hidden during transactions. This is achieved through the activation of security measures such as real-time monitoring, and advanced data privacy tools.
  4. Promotes financial inclusion:  MoMo Bill Payment makes use of technology and agency banking to mobilise bill payments and transfers from unbanked consumers in rural regions and any other location in Nigeria. That is, it makes it easy for people in rural and remote areas of the country who remain excluded from the financial system, to easily pay bills.Get to know about other MoMo PSB product features:MoMo Business
    MoMo Agents
    MoMo Homeland
    MoMo API

Why hassle with payments when you have MoMo Bill Payment?

Get started, by dialling *671# on any network to open a MoMo wallet and pay your bills. You can also pay at any MoMo Agent Outlet. MoMo PSB is poised to enable millions of unbanked and underserved Nigerians to access a wide range of financial service products.

Interested in finding out more about MoMo Bill Payment? Visit our website at MoMo.mtn.com to create an account, and Follow  @momopsb on all platforms to stay updated.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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A Billion-Dollar Obsession in 90-Second Bites

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About ₦2 billion changes hands in bets every day (KPMG Gaming Outlook 2025), driven by a 60-million-strong punter base that treats wagering as both entertainment and side-hustle. Industry revenue is on pace to hit US $3.63 billion in gross gaming revenue (GGR) by December 2025 – roughly the size of Nigeria’s entire recorded-music market.

Smartphones rule this universe: more than 90 percent of slips now start and finish on a handset, which is why the market leaders obsess over data-lite apps and USSD deposits almost as much as odds feeds.

Our Litmus Test for “Best”

To separate hype from heft we graded each book on the nine variables that still matter after the banner ads fade:

  1. Odds edge & market depth – average margin on EPL, NPFL and niche sports
  2. Live tech stack – cash-out latency, in-play uptime, streaming rights
  3. Payout speed & reliability
  4. Responsible-gaming tools (RG) – time-outs, self-exclusion, deposit caps
  5. Licensing strength & dispute history
  6. Promotions that actually pay
  7. Product breadth – virtuals, jackpots, prediction games, casino
  8. Financial resilience – operating cash flow, retail footprint, VC war chest
  9. Cultural traction – agent networks, grassroots sponsorships, meme power

The Heavyweights – and Why Each Owns a Piece of The Best

OperatorWhat They NailTicking Time-BombsVerdict
SportyBetBiggest traffic (≈ 57 M visits / month), sub-5-second cash-outs, crazy-low EPL margin (~4.5%).Still no retail city hubs; crash loops on older Tecno devices.Mobile kingpin
Bet9jaHeritage trust, retail agents in 20 states, jackpots like Super9ja; circa ₦10 billion monthly handle.Dated UX; odds less sharp since 2024 revamp.Legacy war-horse
BetKingData-driven odds, Genius Sports in-play feed, renewed deal with Gamble Alert for RG training.Slower KYC queues at peak traffic.RG poster-child
Surebet247NLRC Permit 0001081; cash-first agent model with mobile slip tracking; boosted welcome bonus to ₦150k; full cash-out on domestic basketball.Android app, iOS app; livestream rights still pending.Mobile dark horse
1xBet & BetwayGlobal market buffet, esports, crypto options.Offshore-licence optics; occasional geoblock glitches.International muscle
NairaBet, AccessBET, Msport, Premier Bet, BetPawaNairaBet = pioneer cachet; Msport & BetPawa blitz TikTok; Premier Bet just signed Francis Ngannou.Each misses at least one core pillar (RG tooling, market depth or fast payouts).Specialist niches

Two Deep-Cut Insights the Billboards Won’t Show You

  1. Women are quietly reshaping the market. According to University of Abuja (“according to data from the University of Abuja”), 30 percent of urban Lagos women now gamble regularly, and a 2025 field survey found daily spend often tops ₦50,000 despite lower median income.
  2. Mobile-money betting dents student wallets. According to Lagos State University, mobile-money deposits explain 26.7 percent of the variance in student financial well-being – a stat that should make every platform’s RG desk sweat.

So, Who Actually Wins?

  • Premier-League diehards who live for lightning-fast in-play cash-out: SportyBet wears the crown.
  • Corner-shop loyalists who still like to chat with a clerk: Surebet247 Betshop nails the cash-plus-mobile sweet spot.
  • Jackpot chasers who want EPL on Saturday, Ugandan Super League on Tuesday, and darts on Thursday: Bet9ja is still the Swiss-Army knife.
    Punters who value self-exclusion toggles and deposit caps (you should): BetKing edges ahead.

In reality, “best” is contextual. Odds hawks, live-stream junkies, crypto degenerates and agent-network stalwarts will all point to different logos. What you don’t want is a bookie that melts down at 89′ when Villarreal finally scores.

On that front, the four names above – plus a rapidly innovating Surebet247 mobile bet shop – look built to survive Nigeria’s next data-price hike and the NLRC’s tightening audit screws.

The rest? Keep one eye on their uptime dashboards – and the other on your bankroll.


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Nigeria Week Ahead: Inflation, Oil and Naira in focus

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By Lukman Otunuga, Senior Market Analyst at FXTM.

A flurry of high-risk events may pump global financial markets with fresh volatility this week.

Top-tier data, including US Inflation, the unofficial start of earnings season, and US Congress Crypto Week,” among other themes, could spell fresh opportunities.

Amidst this, uncertainty over global trade will add to the mix after President Donald Trump threatened 35% tariffs on the EU and Mexico over the weekend.

Regarding US inflation, this may impact bets around Fed cuts in the second half of this year. Markets are forecasting CPI to rise 2.6% from 2.4% in the prior month, with core CPI rising to 2.9% from 2.8%. Signs of rising prices may shave bets around the Fed cutting interest rates – boosting the dollar as a result.

Closer to home, Nigerias June CPI data due July 15 is expected to show signs of cooling inflationary pressures. This could offer some relief to the Central Bank of Nigeria (CBN) which aggressively hiked interest rates throughout 2024. Inflation is expected to have eased to 21.4% year-on-year from 23% in May – marking the 4th consecutive month of decline. However, the slowdown is largely a technical adjustment aided by the recent gains in the Naira amid higher non-oil exports and a weaker dollar.

The CBN is scheduled to meet later this month and will most likely keep rates unchanged at 27.5%.

One key challenge for the country will be how to re-tweak its budget for lower oil prices. Indeed, the budget was based around oil production at 2 million barrels and oil prices of $75. Brent is trading around $70 with the nation producing 1.544m b/d of crude in May according to OPEC. Nigeria is hoping to raise production to 1.9m b/d by the end of 2025. But its impact on the economy may be muted if oversupply and tepid demand keep oil prices subdued. Brent is up 4% this month but still down over 6% since the start of 2025.


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EFCC Re-Arraigns Echefu, TStv CEO for Allegedly Defrauding Ex-Minister of N1Bn, $1.3m

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Bright Echefu, chief executive officer, Telecom Satellites Limited (TStv), and three co‑defendants appeared before the Federal High Court in Abuja yesterday on an amended twelve‑count indictment brought by the Economic and Financial Crimes Commission (EFCC). The charges allege money laundering, tax evasion, and investment fraud involving approximately ₦1 billion and $1.3 million.

EFCC Re-Arraigns Echefu, TStv CEO for Allegedly Defrauding Ex-Minister of N1Bn, $1.3m

Bright Echefu, chief executive officer, TStv

In addition to Echefu, the defendants are TStv Executive Director, Felix Igboanuga, Telecom Satellites Limited itself, and Briechberg Investment Ltd.

According to the April 5, 2025, amended charge sheet the EFCC accuses the quartet of defrauding Mr. Tanimu Turaki, Managing Director of Kalsiyam Global and former Minister of Special Duties, alongside BYI General Limited, out of a combined investment of ₦1 billion and $1.3 million. The commission has also included a ₦66 million alleged tax default.

The revised indictment lists:

Count 2: ₦33,909,542.47 in unremitted Company Income Tax

Count 3: ₦13,519,382.00 in unremitted VAT

Count 4: ₦19,488,860.00 in unremitted PAYE

Counts 5–12: Various fraud‑related transactions, including ₦380 million from Kalsiyam Farm, ₦400 million from BYI General Ltd and $1.35 million in loans secured under false pretences.

All defendants pleaded not guilty once again. At the hearing before Justice Mohammed Umar, Echefu’s lead counsel, Senior Advocate Eyitayo Fatogun, informed the court of ongoing settlement discussions with the complainants.

“There are moves to settle this matter and there was a meeting on Saturday between myself and the Nominal Complainant as it is about investment,” Fatogun stated.

“The Defendants have paid some money and I was thinking that the matter be adjourned for report of settlement.”

EFCC counsel A.S. Tomwell confirmed receipt of those payments but emphasized the necessity of entering a plea before considering any adjournment. The court thus ordered the formal reading of the charges and adjourned the trial to October 15, 2025.


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