MTN MoMo Pay: Expanding Female Mobile Money Usage in Ghana

In Ghana, mobile money has opened access to financial services for millions of people for the first time, strengthening the payment ecosystem and deepening financial inclusion. To encourage the digitisation of merchant payments in Ghana’s open markets, in January 2017 MTN Ghana launched a merchant payment service – MoMo Pay

Click here to download the full case study

Source: https://www.gsma.com/mobilefordevelopment/resources/mtn-momo-pay-merchant-payments-expanding-female-mobile-money-usage-in-ghana/

MoMo Tariffs

Transaction Point Services Minimum Value GHC Maximum Value GHS MoMo Charge Tax Charge
Subscriber *Money Transfer (P2P) 1 50 GHS0.38 1.50%
Above 50 1000 0.75%
Above 1000 N/A GHS7.50
Money Transfer ( to Merchant MSISDN) 1 50 GHS0.50 *N/A
Above 50 1000 1%
Above 1000 N/A GHS10
MoMo Pay (Merchant ID & QR) 1 1000 0.5% *N/A
Above 1000 N/A GHS5
Money Transfer (A2C) 1 50 GHS1.5 N/A
Above 50 1000 3%
Above 1000 N/A GHS30
Transfer to Other networks 1 50 GHS0.38 1.50%
Above 50 1000 0.75%
Above 1000 N/A GHS7.50
Merchant Money Transfer (Merchant to Agent) 1 1000 1% N/A
Above 1000 N/A GHS10
Money Transfer (Merchant to Subscriber) N/A N/A Free N/A
Money Transfer(Merchant to Merchant N/A N/A Free N/A
Bill Payment Airtime Top-up 1 100 Free N/A
PostPaid N/A N/A Free N/A
GoTV (Agent) 1 and Above GHS 1 N/A
GoTV (Subscriber) 1 and Above GHS 0.50 N/A
DSTV (Subscriber) N/A N/A Free N/A
DSTV(Agent) N/A N/A Free N/A
ECG (Subscriber) N/A N/A GHS0.5 N/A
ECG (Agent) N/A N/A GHS0.5 N/A
Ghana Water (Agent) N/A N/A Free N/A
Ghana Water (Subscriber) N/A N/A Free N/A
Box Office N/A N/A Free N/A
Startimes N/A N/A Free N/A
School Fees (Agent) N/A N/A GHS2 *N/A
School Fees (Subscriber) N/A N/A GHS2 *N/A
Agent Money Transfer (C2C) 1 50 GHS2.5 N/A
Above 50 1000 5%
Above 1000 GHS50
Cash In 1 N/A Free N/A
Cash Out 1 50 GHS 0.5 N/A
More than 50 N/A 1%
More than 1000 N/A GHS10
Bank Integration Transfer to Bank (Subscriber & Agent) N/A N/A Free N/A
Transfer to Bank (Merchant) 1 1000 1%
Above 1000 N/A GHS10
Transfer from Bank N/A N/A Free
Account Mgt. Balance Enquiry N/A N/A Free N/A
*Mini Statement N/A N/A GHS0.01
Statement Request N/A N/A GHS0.50
ATM ATM Token 5 50 GHS0.50 N/A
Above 50 400 1% N/A

 

 

*Money Transfer (P2P) – Charges on first sum of GHS100 transactions in a day is currently waived

*Mini Statement- The first 2 counts of Mini statement requests are free. Charges apply from the 3rd

*Taxes will apply to the subscriber when making payments to Merchants and Schools that are not registered with the Tax Authority

*All charges are payable from your MTN MoMo Wallet.

Please take along a valid photo ID (Voter ID, Driver’s License, Passport, SSNIT ID, National ID or NHIS ID) anytime you visit the Agent point for any transaction.

 

For assistance: Text fraud related issues to shortcode 1515

Call 100 (Toll Free) or Email: mmsupport.gh@mtn.com

My Own Pension

Overview

My Own Pension is a tier-three pension scheme that provides pension benefits that will ensure retirement income security for every worker, whether in the formal or informal sector.

The affordability and flexibility it comes with enables everyone to enrol and plan for the future regardless of the job you do. You can make contributions on a daily, weekly or monthly basis depending on your income level. Another good thing is that you can also make voluntary contributions to add up to your regular contributions.

In addition to being a pension scheme, it also has a savings component that can be accessed to meet pressing needs after a period of signing up.

How to register

  • Dial *170#
  • Select option 5 – financial Services
  • Select option 4 –  Pension & Investments
  • Select option 1 – My Own Pension
  • Select option 1 to Register
  • Follow the prompts to proceed

For further information, visit https://unitedpensiontrustees.com.gh/my-own-pension/ or call 100.

aYo

Overview
aYo Send with Care
 promises to keep sending money to your loved ones, even when you can’t. If you add aYo Send with Care cover to the money you send home via MTN Mobile Money, aYo will triple the amounts you’ve sent over the last 4 months, and pay it to your beneficiaries over the next 12 months on receipt of a valid claim.

Getting started
Simply dial *170# and choose to Send your money with Care.

Cost
aYo Send with Care
 only costs a small portion of the money you send home via MTN Mobile Money. Pay just 5%* of the amount you send, for example:

  • If you send GHS50, the cost for Send with Care will be GHS2.50
  • If you send GHS200, the cost for Send with Care will be GHS10
  • If you send GHS450, the cost for Send with Care will be GHS22.50

*This amount is deducted from your MTN Mobile Money balance, so please ensure you have sufficient funds available. 

FAQs
Visit https://www.ayo4u.com/gh/faq  for answers to all your questions.

Terms and Conditions
Visit https://www.ayo4u.com/gh/swctermsandconditions  for answers to all your questions

International Remittance

Receiving money from any part of the world is now easy as saying Y’ello! All you need is your MTN MoMo wallet. Receive funds instantly onto your MTN MoMo wallet from any part of the world anytime, anywhere in Ghana.

MTN MoMo has partnered a number of Remittance Partners across the world to make this service available to our cherished customers.

Below is a list of partners and the countries you can find them in:

 

RSP

Partners (in the case of Aggregator RSPs)

Website

Corridors / Countries

 

WORLDREMIT

 

 https://www.worldremit.com

USA, UK, Canada, Netherlands, Germany, Australia, Belgium, Italy, Sweden, Norway, Denmark, Austria, Spain, Ireland, Finland, Switzerland, New Zealand, Japan, Czech Republic, Malta, South Africa, Iceland, Hungary, Poland, Portugal, Hong Kong, Estonia, Romania, Greece, France, Lithuania, Slovakia, Cyprus, Bulgaria, Singapore, Slovenia, Luxembourg, Latvia, Croatia, Rwanda, Gibraltar, Malaysia, Tanzania, Benin, Togo, Niger

 

MASTERCARD TRANSACTION SERVICES

Horizon exchange +1

https://b2b.mastercard.com/cross-border-services/

United Arab Emirates, Canada, United Kingdom, South Africa, Switzerland, United States, Austrlia, Austria,Russia, Sweden, South Korea,Kuwait, Belgium, Cyprus, Denmark, Finland, France, Germany, Ireland, Italy, Lithuania, Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Moldova

 

Paysafe Financial Services

 

Cassava Fintech Limited

 

PostFinance Ltd

 

Azimo Ltd.

 

Global Currency Travel and Tours Ltd

 

Skrill Ltd.

 

WorldRemit

 

Xendpay Limited +1

 

Xpress Money Services Limited

 

Mama Money

 

MHITS

 

QIWI Bank (JSC)

 

 

 

THUNES

MoneyTrans

www.moneytran.eu

Belgium, UK, Australia, Austria,   Canada,  Germany, Denmark, Spain, Finland, France,  Greece, Ireland, Israel, Italy , Netherlands, Norway, , Singapore, Sweden, United States, South Africa, Latvia, Lithuania, Portugal, Slovakia, India

 

Rewire

www.rewire.com

 

Majority

www.majority.com

 

Orange France

https://orangemoney.fr

 

Talk Remit

www.talkremit.com

 

Remitly

https://remitly.com

 

Sasai/Cassava

https://sasai.global

 

TapTapSend

https://taptapsend.com

 

Neema

https://getneema.com

 

Pangea

https://pangeamoneytransfer.com

 

Remitbee

https://remitbee.com

 

Intermex

https://intermexonline.com

 

United Nations Credit Union

https:://www.unfcu.org/home

 

Mukuru

Mukuru.com

 

MFS AFRICA

Belmoney

http://bel.money/

Belgium

 

Capital Service

www.capitalservice.ch

Switzerland

 

E-Pocket

https://epocket.in

Australia

 

EMQ

https://emq.com

Global

 

Ezipay

https://eszipay.africa

Francophone,Anglophone and Southern Africa

 

Gmoney-Trans

https://www.gmoneytrans.com

South Korea

 

IDT

https://www.bossrevolution.com/en-us/services/money-transfer

USA

 

Kaymaks

https://kmaks.co.uk

UK

 

Machnet

http://www.machnetinc.com

Canada, USA

 

Paypal

https://www.xoom.com

Global

 

Paysend

https://paysend.com

UK,Europe,Canada, USA

 

Transfast (Master Card)

https://www.mastercard.com/global/en.html

Global

 

Homeland

https://homeland.mtn.com/

UK

 

Transfer Galaxy

https://transfergalaxy.com

Sweden

 

ETRANZACT

Terrapay

Terrapay.com

Africa, Asia, Europe and the US

 

 

 

PayAngel

 

www.payangel.com

 

Spain, USA, UK, Netherlands, Italy, France, Belgium, Senegal, Australia, Estonia, Canada, Denmark, Qatar

 

 

RIA

http://www.riamoneytransfer.com