MTN, Nigeria's largest telecommunications company, has launched MTN MoMo, a mobile money transfer service in Nigeria. This new project is aimed at people who do not have a bank account. This new development is the achievement of M-Pesa, a portable currency in Africa, Safaricom in Kenya, East Africa, which convinced investors and companies that financial problems and the development of telecommunications are the next big problem in terms of costs.

Some of the main areas of MoMo MTN cellular money service includes:
1. Clients can send text messages for free and receive an immediate response and also have a rundown of Agents operators close by.
2. Customers can transfer money to one another and the recipient can go to the nearest momo outlet and take the money. However, 100 naira are charged per transfer. N50 is sent to the carrier, and the payment representative also receives N50. The minimum amount you can send is N100, and the maximum amount is from 50,000 to 100,000 N, depending on your agent.
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https://www.cybertechguide.com/2019/08/mtn-mobile-money-momo-transfer