Mtn MoMo agent is a service of the Mtn Group which is part of the Mtn mobile money service. Mtn group thought of a way to help its customers
Mtn MoMo agent is an Mtn Group service that is part of the Mtn mobile money service. Mtn group thought of a way to help its customers send and receive money from one place to another via their mobile phones and came out with a solution which is its Mtn Mobile money services.
For this service to be fully established, there was the need to create MoMo agents to help facilitate the process and get commissions for their services.
This service was highly welcomed by the Nigerian government and population as it brought a lot of employment opportunities. This pushed the population to knock Mtn Nigeria's offices inquiring on how to become an Mtn MoMo Agent.
What is the meaning of MoMo?
MoMo is the Mtn Group's acronym for its popular mobile service called Mtn Mobile Money (MoMo).
What are the Advantages of mobile money?
These advantages are enormous. Some include:
- It reduces cash dependency.
- It facilitates access to money, especially in rural areas where there is a lack of money transfer services.
- Creation of job opportunities as people can become mobile money agents.
- It also has competitive and lower transaction costs compared to other transfer agencies, job opportunities to an unusually vast number of individuals who act as mobile money agents.
What is Mtn MoMo Agent Commission (Nigeria)
MoMo agents in Nigeria facilitate money transactions between end-users by carrying out Cash2Cash service that allows MTN customers to send and receive money from any part of Nigeria.
They do so by initiating and making transactions on behalf of these end-users. They earn money by getting agent commissions on every transaction they carry out. The commissions earned by MoMo agents per transaction is represented as follows:
See Also: How to Become a MoMo Agent in Nigeria