MTN MobileMoney: How to Register, Transfer and
Receive Money in Nigeria via Phone
Since the start of CBN’s Cashless Policy in Nigeria,
several banks have been emploring various means to make this policy a
comfortable one. Thus, the introduction of Mobile Money. And one of
these products is MTN MobileMoney. MobileMoney is the fast, safe, easy
convenient and affordable way to send and receive money across the
country and pay for goods and services using a mobile phone.
MTN MobileMoney is offered by partner banks such as
Guaranty Trust Bank Plc (GTB), Fortis Micro Finance Bank and this is
powered by MTN.
How to Register for MTN MobileMoney
1. Make sure your MTN SIM is registered. To confirm if it’s
registered or not, type ‘reg’ in a text message and send to 789. You
should receive a message confirming the status of your SIM registration
2. After confirmation, dial *500#. You will be asked to choose your
bank. For example, GTB is 1, so press 1 if you’re using GTB and select
Send.
3. Next, you’ll be asked few questions like ‘where were you born’,
what is your home town’ and so on. Answer this question(s) correctly
because anytime you forget your account PIN, these questions will be
used to authenticate you before granting access to select another PIN.
4. If you’re successful, you should get a successful message like
this (this will also be sent to you as a text message):
Registration complete. Your mobile Money TOKEN is
234803xxxxxxx. Dial *501# and enter this Token to set up your PIN
5. Usually, your mobile number should be your Token, write it down
because you will need it to activate your mobile money account.
How to Activate Your MTN MobileMoney Account
1. To finally set up and get your PIN, dial *501#
2. You’ll be asked to enter your Activation Token. Press Answer and
type your token.
3. Press Option and then select Send
4. Then you will be asked to enter your own PIN. Your PIN should be
any four digit number, e.g. 1234. Enter this twice and you are set.
5. You will receive a welcome text message from Mmoney. Your
MobileMoney account is ready for use.
How to Transfer Money with MTN MobileMoney to other MobileMoney
Subscribers
- Dial *501#
- Select Send Money by typing 1 and send.
- Options 1,2,3 will be displayed
- Select Mobile User by typing 1 and send.
- Enter receiver’s mobile number
- Repeat the mobile number
- Enter the amount you wish to send
- Enter a reference, e.g. “Gift from Peter” (optional)
- Confirm the details supplied
- Enter your Account PIN
- You will receive a message on your phone confirming the completion
of the transaction
How to Transfer Money with MTN MobileMoney to Non-MobileMoney
Subscribers
- Dial *501#
- Select Send Money by typing 1 and send.
- Options 1,2,3 will be displayed
- Select others by typing 2 and send.
- From the display screen,
- Enter the amount you wish to send
- Select a four-digit secret code
- Repeat the secret code
- Confirm the details supplied
- Enter your Account PIN
- You will receive an SMS containing the secret code and a Token (a
randomly generated twelve-digit number)
- Pass on the Token and the secret code to the receiver. Thereafter,
the receiver goes to a MobileMoney Agent to cash out the money.
That is all. I hope you can now make use of this mobile money to send
and receive money with your mobile phone to any one in Nigeria. If you
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