How To Become A MoMo Agent And Make Money As A MoMo Agent – Faqontech

How to Become a MoMo Agent and Make Money as a MoMo Agent

by Ayorinde Ayodeji
MoMo-Agent

Are you ready to become a MoMo agent and start making money fast as a MoMo agent? this article is all about how to become a MoMo agent and how to make money as a MoMo agent.

The amazing thing is that…

MoMo works just like other platform such as Paga, Opay, Firstmonie that has to do with sending and receiving money in Nigeria.

You can also earn above N20,000 monthly was GTBank affiliate also while been a MoMo Agent. Hey, Don’t forget to join our telegram channel to also get updated, CLICK HERE TO JOIN.

A lot of people are looking for a way to make money in today’s world and this is another opportunity you can’t afford to miss which is coming from MTN.

Y’ello Digital Financial Services, “YDFS,” a subsidiary of MTN Nigeria opened its doors, announcing the launch of its super-agent network service named ‘MoMo Agent’ at an event in Abuja in August 2019.

So this should make you understand that MoMo has been existing for some time now.

MoMo Agents has registered about 120,000 agents across the country since August when it began the super-agent service.

Let’s get started.

What is MoMo Agent and How does it Works?

So if you are new and don’t know what MoMo is all about well i will explain all here. Understanding the basics of anything is what makes you become a professional at what you do, so please read everything here.

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A MoMo Agent is a neighborhood shop where you can visit to send and receive money anywhere in Nigeria. It is safe, fast and convenient.

MoMo agent has features that you should definitely explore, Cash2Cash is a MoMo Agent service that allows customers of MTN to send and receive money from any part of Nigeria. Customers don’t need to have a bank account to send or receive money. All that is required is a visit to a MoMo Agent near you to either send or receive money.

How can I locate a MoMo agent?

It’s really easy to locate a MoMo agent near you, simply dial *223# & follow the prompts. List of agents, their phone number and addresses will be displayed. This service is free.

Requirements for MoMo Agents

  • Have an existing business or willing to invest in the agency business
  • Have a Brick & Mortar/Immovable retail shop e.g. Pharmacy Pop & Mom Shop located in high foot traffic
  • Viable means of identification (National ID, Driver’s License, International passport or Voters card)
  • Readiness to provide 1 passport photograph.
  • Capability to provide a Working Capital of N20,000 and above.
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How to Become a MoMo Agent and Start Making Money as A MoMo Agent

After you might have gotten all the requirements listed above you can continue reading here, Before we continue i want to tell you about Glo Mobile Money Agent. You can read about Glo Mobile Money agent here.

  1. Check the requirements to affirm if you meet them which has been listed above.
  2. Visit the nearest MTN outlet to pick up the form and fill in the details.
  3. Or you can download the application form online and submit.
  4. An MTN field staff will contact you to schedule a visit to ascertain your suitability.

Important Note

Let them know the status of the business you currently own, your location and your startup capital rate which is a minimum of N20, 000.

How do I Send Money at a MoMo Agent?

  • Customer (Sender) approaches Agent to send money and hands over cash to agent
  • Agent enters sender and receiver’s phone  numbers and performs transaction
  • The Customer (Sender) receives a 5 digit secret code to be shared with the receiver for redemption while the receiver receives a different 5 digits token required at the point of redemption
  • The sender informs the receiver to take both tokens to the nearest Agent for cash redemption
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Frequently Asked Question (FAQ) from Customers?

  1. How do I receive Money from a MoMo Agent?

    The customer (receiver), gets a 5-digit code sent directly to his/her phone
    The customer (receiver) also gets a separate 5-digit code from the sender
    The receiver takes the 2 codes (10 digits) to a MoMo Agent and cash-out

  2. Will I need to make a payment for receiving the cash?

    Yes, you will be told to make payment before you can recieve your cash.

  3. Does the service allow for international transfers?

    No, the service is not available for international transfers. It only covers local transfers and open to MTN customers currently

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