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MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking (34566 Views)

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Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by Bbbw: 4:52pm On Apr 11, 2022
Oh
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by McCoy9067(m): 5:03pm On Apr 11, 2022
Another exploitation in disguise
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by Bamzyriches451: 5:33pm On Apr 11, 2022
Damn!
They have nothing to offer more than the disaster we're facing with other banks
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by Markswag101: 5:46pm On Apr 11, 2022
9 Mobile started the trend with 9PSB, MTN is following suite, Airtel will be next
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by Sleekfingers: 5:47pm On Apr 11, 2022
Oxtertee:
another avenue to cash out from Nigerians.


It is called business. Nigeria is over 200m . No investors wouldn't wanna eat from the big cake .....

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Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by 2016easy2017: 6:08pm On Apr 11, 2022
After chopping our data and credit unlawfully every day now they feel our money is the next
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by festyese: 6:25pm On Apr 11, 2022
Existing already
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by damosade(m): 6:55pm On Apr 11, 2022
Mtn came after a month econet On their Network
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by buckeyemedia: 7:01pm On Apr 11, 2022
nero2face:
MTN succeeded in Nigeria bcuz they were the first telecommunication company, no reasonable Nigeria will prefer to bank with their so called bank when we have world class banks around us (and I don't see them giving any special kind of banking aside what we're having already)...not with all the wahala they're giving us with their network
Nonsense, I will soon be porting to Momo.
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by buckeyemedia: 7:02pm On Apr 11, 2022
2016easy2017:
After chopping our data and credit unlawfully every day now they feel our money is the next
Bush man new innovation is been introduced & you are complaining?
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by Yeahmehn: 7:18pm On Apr 11, 2022
Our bandit brothers can now be sending their wives money for stew while they're in the bush
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by LIVEGOESON1: 8:54pm On Apr 11, 2022
What abt glo bank wey e go take 7 months to recieve alart
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by nedu2000(m): 9:35pm On Apr 11, 2022
MTN wasn't the first sir
nero2face:
MTN succeeded in Nigeria bcuz they were the first telecommunication company, no reasonable Nigeria will prefer to bank with their so called bank when we have world class banks around us (and I don't see them giving any special kind of banking aside what we're having already)...not with all the wahala they're giving us with their network
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by luluosas(m): 9:43pm On Apr 11, 2022
You are late because as a MoMo Agent, I have the MTN MoMo POS already. Care to know?
alabi484:
MTN POS loading
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by luluosas(m): 9:45pm On Apr 11, 2022
Welcome development. But that aspect of not granting credit is somehow to me. At least as a MoMo Agent, I should have access to soft loan from them so as to enhance my business operations with them.
Anyway, I wish MTN well
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by periphetes: 10:05pm On Apr 11, 2022
Nice upgrade , please show Nigeria government how to truly operate a cashless economy. Inclusive with full digitalized banking ,

RIP Enaira angry
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by Taeewo(m): 10:54pm On Apr 11, 2022
nero2face:
MTN succeeded in Nigeria bcuz they were the first telecommunication company, no reasonable Nigeria will prefer to bank with their so called bank when we have world class banks around us (and I don't see them giving any special kind of banking aside what we're having already)...not with all the wahala they're giving us with their network


First Airtel 0802

Second Mtn 0803

Third Mtel 0804

Fourth Glo 0805

Last born Eti 0809,last born supposed choose 0806 but mtn already secured 0806,Glo 0807 and Airtel 0808...
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by eedhrisademola(m): 11:37pm On Apr 11, 2022
politicoNG:
The approval gives the firm the leave to operate virtually all the services offered by conventional commercial banks except granting credit and processing foreign exchange transactions.




https://www.premiumtimesng.com/news/headlines/523144-breaking-mtn-nigeria-diversifies-into-banking-gets-final-approval-for-momo-bank.html
KILOKANMI NO COME GIMME HEADACHE JARE.
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by ayo84(m): 8:19am On Apr 12, 2022
Why aren't they on nairaland officially with a thread extension or user name or an entire thread talking about it officially, nairaland is the one of the most visited platforms online, Nairalandersvare hard-working people who should be empowered even more than the investments that have gone into startups like flutterwave,paystack etc

It is the largest database of normal nigerians

1 Like

Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by alabi484(m): 8:58am On Apr 12, 2022
luluosas:
You are late because as a MoMo Agent, I have the MTN MoMo POS already. Care to know?

Registered a long time ago, I think it's yet to be deployed here.

How's the terminal doing compared to other mmo's?
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by luluosas(m): 4:05pm On Apr 12, 2022
For now, the MTN MoMo POS can only do CASH WITHDRAWAL. No recharge card, no deposit/transfer, no nothing else
alabi484:


Registered a long time ago, I think it's yet to be deployed here.

How's the terminal doing compared to other mmo's?
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by alabi484(m): 5:39pm On Apr 12, 2022
luluosas:
For now, the MTN MoMo POS can only do CASH WITHDRAWAL. No recharge card, no deposit/transfer, no nothing else

Haa, how will someone now move cash?
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by luluosas(m): 8:28am On Apr 19, 2022
When activating the POS, you can either bind your normal bank account or your MoMo wallet number to the machine, and that's where you can pull the cash to, and from there you can use it to do anything (transfer, pay bills, buy airtime/data etc). That's how to move your money from the POS terminal for now. Thank you.

alabi484:


Haa, how will someone now move cash?
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by alabi484(m): 11:09pm On Apr 19, 2022
luluosas:
When activating the POS, you can either bind your normal bank account or your MoMo wallet number to the machine, and that's where you can pull the cash to, and from there you can use it to do anything (transfer, pay bills, buy airtime/data etc). That's how to move your money from the POS terminal for now. Thank you.


That's quite odd.

Thanks anyway
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by luluosas(m): 2:49pm On Apr 20, 2022
You are welcome
alabi484:


That's quite odd.

Thanks anyway

1 Like

Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by Bluebrain101: 4:43pm On Apr 20, 2022
Nigerians are about to face a new dimension of destruction and heart break. MTN that isn't even meeting to the telecommunication standard is about to enter banking services where money is like God to most Nigerians. Smh
Re: MTN Gets Approval For Momo Bank In Nigeria As It Diversifies Into Banking by Osombo: 9:40pm On May 20, 2022
Same here, we only withdraw and use ur Momo phone number to transfer airtime to customers as ur commissions accumulates, they said hopefully next week the software would be upgraded to have deposit, Cable and electricity, betting, utilities and other bills.

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