To accelerate the Central Bank of Nigeria’s financial inclusion drive, Y’ello Digital Financial Services (YDFS), a subsidiary of MTN Nigeria launched the MoMo Agent Services in 2019.
One year later, YDFS has announced the expansion of its MoMo Agent products and services.
“I am excited to announce the expansion of our MoMo Agent service. Our goal is to reach every underbanked and unbanked person in Nigeria, and we are focused on achieving that. Anyone, anywhere in Nigeria can handle financial transactions within their neighbourhood. This is our goal to reach Nigerians everywhere, enriching lives and supporting the Federal Government’s financial inclusion drive.” – CEO, YDFS, Usoro Usoro.
As part of the expansion, ‘MoMo Agent’ service has been upgraded with bills payment, cash deposit and withdrawal, as well as data and airtime purchase components. The upgrade also includes bulk disbursement services enabling public and private companies to make payments en masse anywhere in Nigeria without a bank account, ATM or bank branch.