30 results
- 19 May 2022
MoMo Payment Service Bank Formally Commences Operations
Following the final approval for a Payment Service Bank (PSB) licence granted by the Central Bank of Nigeria (CBN), MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB) Limited,…
- 5 Nov 2021
MTN, Airtel Secure Approvals to Operate Payment Service Banks
MTN Nigeria and Airtel Africa have secured approval in principle to operate a payment service bank (PSB). The telecommunications giants disclosed this in regulatory filings on the Nigerian Exchange…
- 3 Mar 2021
MTN Expands MoMo Cardless Cash Withdrawal Service to Over 20 Banks and 20 Other Financial Institutions
MTN through its Y’ello Digital Financial Services expanded its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial institutions nationwide, providing seamless financial…
- 11 Apr 2022
MTN Nigeria Diversifies into Banking after CBN’s Final Approval for MoMo Bank
MTN Nigeria, has received final approval from Central Bank of Nigeria (CBN) to run a payment service bank, according to a regulatory filing by the operator on Monday. The approval gives the firm the…
- 8 Aug 2024
MTN Nigeria takes full control of MoMo bank for $4.6m
MTN Nigeria recently announced that it has successfully acquired a 7.17% minority interest in Mobile Money Payment Service Bank (MoMo PSB), which was formerly controlled by Acxani Capital, for a…
- 8 Nov 2020
MTN Expands MoMo Service Offerings to Deepen Financial Inclusion Drive
The Y’ello Digital Financial Services (YDFS) has announced the expansion of its MoMo products and services, in a bid to deepen financial inclusion in Nigeria. As part of the expansion, ‘MoMo…
- 8 Nov 2023
MoMo Inks MoU with Kwik Delivery to Revolutionise Payment System
MoMo Payment Service Bank (MoMo PSB), a leading financial institution, and Kwik Delivery, a prominent logistics and warehousing company in Africa, are excited to announce their strategic partnership…
- 19 Mar 2021
MTN Expands Cardless Cash Withdrawal Service to Over 40 banks, Other Financial Institutions
MTN Nigeria through its Y’ello Digital Financial Services has expanded its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial institutions nationwide, providing seamless…
- 5 May 2026
UBA, Redtech, MoMo PSB Expand Merchant Payment Access Across Nigeria
United Bank for Africa (UBA), Redtech, and MoMo PSB have launched a payment interoperability partnership that expands cardless payment access for consumers and merchants across Nigeria. Redtech is…
- 26 Jun 2022
MTN Alleges N22Bn Fraud on Mobile Money Banking
MTN Communications Limited’s newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB) has alleged a fraudulent loss of N22 billion in one month of operations. In a suit instituted by the…
- 21 Jan 2026
MoMo PSB Expands Cross-Border Transfers Across Africa
MoMo Payment Service Bank (MoMo PSB), the financial subsidiary of MTN Nigeria, has expanded its cross-border transfer service, extending outbound coverage to additional African markets (including…
- 29 Aug 2019
MTN Nigeria Launches MoMo Agent Network
MTN Nigeria has officially launched its super-agent network service named ‘MoMo Agent’, after successfully securing the Y’ello Digital Financial Service ‘YDFS’ and mobile money services licence from…
- 11 Dec 2025
MoMo PSB Brings Relief to UNILAG Students with Ultra-Cheap Bus Fares
MoMo Payment Service Bank (MoMo PSB), a fintech subsidiary of MTN Nigeria, has announced a partnership with Ogata Electric Vehicles to provide subsidised bus rides of ₦10 per fare to students of the…
- 14 Aug 2024
Unlocking Digital Inclusion: S.Mobile and MTN Nigeria Partner for MoMo PSB and Data Bundles, Airtime
In a move that promises to revolutionize access to digital services and financial inclusion for millions of Nigerians, S.Mobile has joined forces with MTN Nigeria. This strategic partnership focuses…
- 7 Apr 2021
Mobile Money: MTN Expands Cardless Cash Withdrawal Service to 44 Financial Institutions
Following the recent USSD drama, Y’ello Digital Financial Services (YDFS) has announced the expansion of its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial…
- 16 May 2024
Exposing the Malicious Sabotage of MoMo PSB Project in Enugu Ezike
By Cyprian Nwodo The recent activities of some individuals with one Davids Iyida attempting to sabotage the MoMo Payment Service Bank project intended to benefit, especially Enugu Ezike people, have…
- 2 Sept 2022
MoMo PSB Unveils New Brand Ambassador
Mobile money operator, MoMo Payment Service Bank, has announced popular comedienne, Anita Asuoha, popularly known as ‘Real Warri Pikin’, as its first ever Brand Ambassador for its brand. The…
- 28 Oct 2021
Remita Partners MTN’s Yello Digital Financial Services to Deepen Financial Inclusion
Remita, a leading Africa-focused fintech brand, has partnered with Yello Digital Financial Services (YDFS), the Fintech subsidiary of MTN Nigeria and the operator of MoMo Agent Service, to extend…
- 30 Sept 2025
MoMo PSB Celebrates Nigeria at 65 with Nationwide Free Transfers on Independence Day
As Nigeria marks 65 years of independence on October 1, MoMo Payment Service Bank, a subsidiary of MTN Nigeria, is celebrating the occasion by waiving transfer fees nationwide for 24 hours. From…
- 13 Nov 2024
Here are Six Ways You Should Use MoMo PSB for Seamless Transactions
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…
- 29 Feb 2024
MTN, Mastercard Partner to Accelerate Mobile Money Payment Across Africa
Mastercard and MTN Group Fintech have signed an agreement to provide all MTN MoMo customers with payment cards. In a joint statement on Thursday, the companies said a virtual and physical Mastercard…
- 25 Sept 2019
MTN, Other Fintechs Ring Danger for Banks- OPay Boss
Iniabasi Akpan, country manager for OPay in Nigeria, has said traditional banks should be worried about the fintechs and telecommunications companies granted approval by the Central Bank of Nigeria…
- 16 Feb 2021
Mastercard, MTN Partners to Enable Global e-Commerce Payments Across Africa
Mastercard and MTN have entered into a strategic partnership to enable millions of consumers in 16 countries across Africa make global e-commerce payments safely and securely. Through a Mastercard…
- 30 Aug 2024
MoMo PSB, LSSBI Advisory Partner for Seamless Tax Payments
MoMo PSB has announced a partnership with Leadership Strategy Sustainability Business Innovation (LSSBI) Advisory to enhance financial inclusion and streamline tax payments in Ekiti, Nasarawa, and…
- 25 Apr 2022
MTN Nigeria Issues N127Bn Series 1 and 2 Commercial Paper
MTN Nigeria Communications Plc has announced the issuance of N127 billion Series 1 & 2 Commercial Paper under its registered N150 billion Commercial Paper Programme. In a notification Monday sent…
- 4 May 2021
YFDS Partners Bet Operators for Seamless Service
Y’ello Digital Financial Services (YDFS), a subsidiary of MTN Nigeria, has announced its partnership with gaming operators, Betway and BetPawa through its flagship mobile money transfer service, MoMo…
- 8 Mar 2019
MTN Builds Own Messaging App to Integrate Its Mobile Money Service
MTN has developed an instant messaging platform which it hopes will become the "African WeChat", with plans to launch it in two markets in the next month or so. "We intend to launch it across…
- 2 Jul 2025
195 Lucky Nigerians Set to Win Big in MTN’s Mega Billion Giveaway
In a significant development for telecommunications subscribers across Nigeria, MTN Nigeria has unveiled an extensive consumer promotion, the "MTN Mega Billion Promo," poised to create 195 new…
- 30 Apr 2026
Shareholders of MTN Nigeria Okay N152Bn Fintech Restructuring
Shareholders of MTN Nigeria have approved a major restructuring of the company’s digital financial services arm, clearing the way for a N152.06 billion transaction that will see the telecom giant…
- 18 Mar 2025
MoMo PSB Launches 'Refer & Win' Promo with Airtime and Data Rewards for Loyal Customers
MoMo PSB, Leading provider of digital financial services, a subsidiary of MTN Nigeria, has launched its Customer Refer & Win Promo, a new initiative designed to reward loyal customers with free…