International Transfers is a service that allows MoMo customers to send and receive money (cross border payments) to their family, friends, individuals within and across Africa.
The categories of International Transfers services on MoMo PSB are: inbound International Transfers, outbound International Transfers, and bill payment services. These services are delivered in partnership with MFS Africa and Saana Capital LLC.
It is a service that allows MoMo PSB customers to receive money directly in their wallets sent by their families, friends, individuals from across Africa.
It refers to a service that allows MoMo PSB customers to send money from their wallets from their families, friends, individuals across Africa.
This is a service that allows MoMo PSB customers to make cross border payments for services or items purchased on platforms across Africa in favor of their families, friends, individuals across Africa. In the same vein, MoMo PSB customers can beneficiaries of such services, as facilitated by their families, friends, individuals.
Only Tier 2 and 3 Momo wallet customers can access this service, due to BVN/KYC being a requirement for inbound remittances. Please note that Agents and merchants are not allowed to receive inbound remittances.
The following services shall be available:
• Airtime and Data bundles
• Cable TV subscriptions
• Electricity subscriptions
• Payment for online marketplace purchases.
No, only the Inbound International Transfer is currently available. Outbound International Transfer and Bill payment shall be available in near future and more information updated on the FAQ.
Yes, a MoMo customer would receive credit alert whenever he receives inbound International Transfer.
The sender would also receive a notification from his channel once transaction is successfully completed.
The sender shall be able to validate the identity of the wallet holder before completing the transaction.
Based on the Tier limit of the CBN, the sender shall be able to receive notification, should s/he attempt to send an amount higher than the Tier limit of the beneficiary (MoMo customer).
A MoMo customer will receive the money in Naira.
The sender and receiver can contact their respective customer support channels as follows:
Sender: Applicable channels, as provided by MFS Africa.
Beneficiary: By calling 671 or MoMo PSB WhatsApp no: 09030001782, or email: email@example.com
Yes, MoMo PSB received CBN approval to offer these services.
The services are delivered in strict compliance to subsisting AML/CFT and other anti-terrorism laws in Nigeria and Africa.
Yes, a levy of N50 shall apply to all inbound International Transfers of N10,000 and above. As this is a standing fee by the CBN for all inward transactions of N10,000 and above.
Yes, you can provide your friend’s wallet/phone number to the sender, as may be preferred.
MoMo PSB is partnering with MFS Africa and Saana Capital LLC to offer these services.
This shall be based on prevalent market rates, or as agreed by the partners.
MoMo customers shall be duly informed via respective channels once new corridors are added to the services.
You can upgrade your wallet by linking your BVN to your wallet, and/or providing additional KYC requirements, such as: validated proof of address and a government regulated means of identification.
You can reach us by calling 671 or MoMo PSB WhatsApp no: 09030001782, or email: firstname.lastname@example.org