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.

Global lifestyle and wellness-focused direct-selling company QNET, in collaboration with its Nigerian partner Transblue Limited, is set to host its second product expo in Lagos.

The two-day event, scheduled for November 15-16, 2024, at the Anchor Events Place in Ikeja, will highlight QNET’s dedication to enhancing lives through innovative products while providing an interactive platform for partners, independent representatives, government officials, and regulatory authorities to explore QNET’s offerings and business model.

The expo will feature a variety of health and wellness products that demonstrate QNET’s commitment to quality and innovation, including the EDG3 Plus supplement for vitality, the Amezcua e-Guard X for energy balance, Chi-Pendant 4 that provides protection against radiation, Bio-Disc 3 that breaks down water chemicals for easy absorption and ProSpark Toothpaste, which combines effective oral hygiene with unique health benefits. With the global wellness market now valued at over $1.5 trillion.

QNET aims to be at the forefront of providing products that meet the growing consumer demand for holistic health solutions.

“Our first product expo in Abuja and Lagos last year was a huge success, and we are excited to bring it back to Nigeria,” said Biram Fall, Regional General Manager for QNET Sub-Saharan Africa.

“This event allows us to showcase our health, wellness, and lifestyle products, demonstrating our commitment to helping people lead healthier and more fulfilling lives.”

Akeem Ajisafe, CEO of Transblue Limited, echoed the event’s importance, stating, “Our goal is to empower individuals with knowledge and opportunities for financial independence.

“This expo is a chance to demonstrate how our products positively impact lives while highlighting the potential for entrepreneurship in the direct-selling industry.”

The QNET Product Expo in Lagos promises an engaging experience for all attendees, offering direct interaction with products and a deeper understanding of QNET’s values and ethical approach to wellness and lifestyle solutions.

For more information on QNET and its product range, please visit www.qnet.net.

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.