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Tag: MoMo PSB

UBA wins Bank-of-the-Year award in Nigeria, seven other countries
Business

UBA, Redtech, MoMo launch cardless payment partnership nationwide

United Bank for Africa, Redtech, and MoMo Payment Service Bank have launched a payment interoperability partnership aimed at expanding cardless payment access for consumers and merchants across Nigeria. With the initiative, MoMo PSB customers can now make payments directly from their wallets at UBA merchant locations using the “Pay with MoMo” feature on RedPay POS […]

MTN Nigeria profits surges ahead of Q1 results amid profitability hopes
Business

MTN Nigeria to sell 60% MoMo, Y’ello stake for ₦152bn

MTN Nigeria Communications Plc has announced plans to sell a 60 per cent stake in its fintech subsidiaries, MoMo Payment Service Bank and Y’ello Digital Financial Services, to MTN Group in a N152.06 billion transaction. This was disclosed in an FAQ issued to shareholders ahead of the company’s Annual General Meeting scheduled to hold on […]

MoMo set to activate inbound/outbound transfer capabilities across Africa
Business

MoMo PSB partners SMEDAN to empower Nigerian SMEs digitally

MoMo PSB, the fintech arm of MTN Nigeria, has entered a strategic partnership with the Small and Medium Enterprises Development Agency of Nigeria to provide digital and financial tools aimed at helping small and medium-sized enterprises run operations more efficiently and scale sustainably. The deal was formalised in Lagos on Wednesday. It will allow registered […]

MoMo set to activate inbound/outbound transfer capabilities across Africa
Business

MoMo set to activate inbound/outbound transfer capabilities across Africa

MoMo Payment Service Bank and Saana Capital LLC, an international money transfer provider authorized by the Central Bank of Nigeria, have announced their strategic alliance to enable simple inbound and outbound transfers throughout Africa as well as practical bill payment services. According to The Times, MoMo PSB and Saana Capital LLC’s partnership is a crucial […]

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