Connect with us

Hi, what are you looking for?

Tech

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 financial solutions to more people.

The service initially exclusive to Access Bank has now been extended to include First Bank of Nigeria, Zenith Bank, GTBank Plc, United Bank of Africa and other tier-one commercial banks.

Using the service, customers can visit MoMo Agents nationwide to access funds in their bank accounts without requiring an Automated Teller Machine (ATM) or ATM card.

The service utilises a secure gateway that protects customers against fraudulent transactions and requires transaction validation using their bank PIN.

Commenting on the expansion, Usoro Usoro, chief executive officer, Y’ello Digital Financial Services, YDFS, said, “We all must play our part in the Federal Government’s financial inclusion drive, which we know is essential for every Nigerian.

“With this, more MoMo users can walk up to the nearest MoMo Agent to withdraw cash from their bank account without visiting a bank or an ATM.”

With the cardless cash withdrawal service, MoMo Agents’ sustained innovation aligns with the Central Bank of Nigeria’s (CBN) financial inclusion target of 95% by 2024.

Launched in 2019, MoMo Agent expanded its financial services in 2020 for underbanked and unbanked communities to include bill payment, cash deposit and withdrawal, data and airtime purchase and bulk disbursement services.

Customers on the MTN network can dial *223# to locate the nearest MoMo Agent.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

advert
ad

You May Also Like

News

Lagos State Police command has confirmed that the abducted Managing Director of Fouani Company and three other brothers and boat captain have been rescued....

Tech

Meta on Wednesday announced the launch of the Meta Llama (Large Language Model Meta AI) Impact Innovation Awards, building on its commitment to open...

Tech

The flight to stardom with the Nigerian Idol Top 7 took a brief detour at the TECNO Exclusive Store in Ikeja City Mall, where...

Tech

As the 2024 World MSME Day approaches, leading ICT company, MTN Nigeria has announced a social media challenge for MSMEs. This challenge aims to...