MTN Ghana & Nigeria Introduce Cross-Border Payments on MoMo 170
MTN Ghana & Nigeria Introduce Cross-Border Payments on MoMo 170
In a groundbreaking move towards enhancing financial inclusion, MTN Ghana and MTN Nigeria have launched cross-border payments on the MTN MoMo platform. This innovative feature allows users in Ghana and Nigeria to send and receive money seamlessly between the two countries, directly into their local MoMo wallets.
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What Does This Mean for Users?
Gone are the days when you had to rely on third-party remittance services to send money across borders. With MTN MoMo’s cross-border payment feature, transactions are now faster, more convenient, and cost-effective. Whether you’re supporting family, conducting business, or engaging in trade, this new service simplifies financial interactions between Ghana and Nigeria.
How to Access the Cross-Border Payment Feature
To use this feature in Ghana, simply follow these easy steps:
- Dial *170# on your MTN line.
- Choose Option 1 (Transfer Money).
- Select Option 7 (Cross Border Payment).
- Choose your preferred mode of payment and ensure you add the correct country code (+233 for Ghana or +234 for Nigeria).
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Exchange Rate
| Conversion rates Ghanaian Cedi / Nigerian Naira | |
|---|---|
| 1 GHS | 100.7700 NGN |
| 5 GHS | 503.8500 NGN |
| 10 GHS | 1,007.7000 NGN |
| 20 GHS | 2,015.4000 NGN |
Why This Matters
This development not only strengthens MTN’s position as a leader in mobile money services but also paves the way for greater financial connectivity across Africa. As mobile money continues to evolve, cross-border transactions could soon become the new standard for digital payments on the continent.
The Future of Digital Payments in Africa
The introduction of cross-border payments on MTN MoMo is a significant step towards creating a more interconnected financial ecosystem in Africa. By eliminating barriers to cross-border transactions, MTN is empowering millions of users to engage in seamless financial activities, fostering economic growth and development across the region.
Stay tuned as MTN continues to innovate and expand its mobile money services, bringing more convenience and financial inclusion to users across Africa.
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