In today’s fast-paced digital world, Mobile Money (MoMo) services have become essential for managing financial transactions conveniently and securely. MTN’s MoMo service offers a plethora of features that can enhance your financial management.

Here are six effective ways to utilise MoMo PSB (Payment Service Bank) to streamline your financial activities.

• Cash Deposits and withdrawals

One of the key functions of MoMo PSB is for cash deposits and withdrawals. Users can easily deposit cash into their MoMo Wallets through authorised ATM or POS agents that support the service.

This feature allows you to manage your cash flow efficiently without needing a traditional bank account. To withdraw cash, simply visit a nearby MoMo agent, provide your wallet number, and receive your funds immediately.

• Business Transactions

MoMo PSB recently announced their partnership with Vendy LTD, a marketplace on WhatsApp for business owners to get closer to their customers on their favourite apps.

Interested buyers browse inventory, place orders, get invoiced automatically and pay directly on WhatsApp using the MoMo PSB in app payment. You can now say bye to taking screenshots of payment receipts and say hello to a swift payment method.

• Bill Payment

With MoMo PSB, paying bills has never been easier. You can settle utility bills, school fees, and other recurring payments directly from your mobile device using USSD codes or the MoMo app. It eliminates the need for physical visits to payment centres and helps you avoid late payment penalties by ensuring timely transactions.

• Airtime Purchases

Another convenient feature of MoMo PSB is the ability to purchase airtime directly from your wallet. Whether you need to recharge your phone or buy data bundles, you can do so quickly without needing cash or credit cards. Simply select the amount you wish to purchase and confirm the transaction using your MoMo PIN.

• Peer-to-Peer Transfers

Transferring money between friends and family is seamless with MoMo PSB. You can send money instantly to anyone with a MoMo wallet by entering their phone number and the desired amount.

This feature is particularly useful for splitting bills or sending money to loved ones in need without incurring high transfer fees associated with traditional banking methods.

• Linking your Wallet to Other Financial Services

To maximise the benefits of using MoMo PSB, consider linking your wallet to other financial services such as savings accounts or Investment platforms. This integration allows for easy fund transfer between accounts and provides better control over your finances by consolidating all transactions in one place.

By leveraging these five functionalities of MoMo PSB, users can enjoy greater convenience in managing their finances while benefiting from the security that comes with mobile money services.

Nedjip Tozun, Co-founder and CEO at d.light, has been named one of the world’s most influential leaders driving business to real climate action in the 2024 TIME100 Climate list.

TIME’s annual climate list recognizes the world’s most innovative and impactful business leaders championing climate action and working toward a sustainable future. This honor celebrates Tozun’s visionary leadership and commitment to transforming energy access for underserved communities across Africa and Asia.

Since co-founding d.light in 2007 at Stanford University, Tozun has led the company’s mission to empower lives through sustainable, affordable, off-grid clean energy solutions. Under his leadership, d.light has reached over 180 million people, providing transformative products such as solar home systems, lanterns, and appliances, and connecting households and businesses to life-enhancing solar energy.

With a growing footprint across some of the world’s most energy-challenged regions, d.light’s innovative pay-as-you-go platform, Atlas, enables over 6 million transactions monthly, making clean energy accessible and affordable for millions.

“We are honored to see Nedjip’s dedication recognized by TIME as part of this esteemed Climate list,” said Wayne Keast, d.light board member and Managing Partner of Inspired Evolution. “His passion for bringing clean energy to the most remote communities is reshaping the future of energy, health, and opportunity in regions where the climate crisis hits hardest.”

As a pioneer in clean, off-grid energy solutions, Tozun has not only driven unprecedented growth for d.light but has also challenged and changed the industry landscape.

His work has made d.light a trusted partner in the global climate effort, positioning the company as a model for sustainable development and scalable solutions in emerging markets.

With a goal of impacting 1 billion people by 2030, d.light continues to scale operations and forge partnerships to meet growing demand while addressing critical climate issues head-on.

“I’m truly grateful to be recognized by TIME for our work in advancing clean energy access”, said Tozun. “This acknowledgment underscores the urgent need to prioritize equitable access to clean energy as we tackle climate change.

d.light’s work is rooted in the belief that everyone deserves access to energy, and I am proud of what we have achieved together with our team, partners, and the communities we serve.”

Tozun’s inclusion in the TIME100 Climate list highlights the impact of d.light’s work across Africa and elsewhere. It follows d.light’s recent recognition as a finalist in the 2024 Earthshot Prize, the international environmental award founded by the UK’s Prince William that recognises groundbreaking sustainable solutions for repairing and regenerating the planet.

Nigeria’s foremost indigenous Renewable Energy Company, decorated by industry partners as the most Outstanding Energy Provider, Cloud Energy Solar, living true to its appellations, is focusing its renewable energy competencies beyond the home and office.

Cloud Energy has increased its impact in street lighting with the design and production of the 200 Watts street lighting bulb.

The 200 Watts bulb consolidates the reputation of brightness and long lasting for the Cloud Energy range of energy saving bulbs, in the homes and offices.

Spurred by the abundance of the sun, the Cloud Energy Solar Company seems challenged to never let the sun set. The Managing Director of Cloud Energy, Mr. Theophilus Nweke, launching the 200 Watts bulb observed that the times are dangerous in terms of security.

Therefore, the brilliance of the street lighting will eliminate all lurking shadows from the streets and security posts. It is an answer to a call to duty for all patriots to deploy their competencies to enhance national security.

The renewable energy boss said that citizens must be prepared to make sacrifice to give Nigeria its deserved place as the giant of Africa. These sacrifices can come from the kind of opportunities that OEMs give to Nigerians. For example, Cloud Energy, a leading solar practitioner is currently offering rooftop solar panels with a flexible payment plan up to two years or more.

Property owners can now design their buildings with solar panels on the roof and keep paying long after they have completed and moved into the houses.

This flexible payment consideration, the Cloud Energy Boss explains, extends to the entire range of Cloud Energy Solar products – Energy storage products, Inverters, Batteries; Lifestyle products, Fridges, Freezers, Fans Television sets, and solar accessories.

These offers are conveyed in a campaign entitled Bridge the Energy Gap, a clear departure from the traditional way of presenting offers in the market.

The bridge has been used as a symbol to convey a sense of professional support, assistance, and partnership.

The bridge beyond meaning a make-up for a shortfall also provides a thorough fare to the energy transition, without bottlenecks. It deletes all doubts and gives a sense of certainty for a transition.to Solar.

The bridge is the fact that Cloud Energy in partnership with its finance partners offers different kinds of payment plan to ensure a done deal, in electricity, without tears.

Cloud Energy, founded in 2015 has earned respect by installing Solar and Inverter systems for discerning clients, mainly academic, research institutions and multi-nationals across the nation.

In less than a decade Cloud Energy has foot prints in the Banking and Finance sector with ATM installations; Homes and Public buildings with Solar Systems; and is a viable partner to governments through the Rural Electrification Project.