MTN mobile money: everything you need to know to send money abroad

A problem with your money transfers abroad? You used to send money to your relatives but fees are too expensive? Don’t wait anymore and try mobile money. With MTN mobile money, you’ll get access to a whole new universe of possibilities, but costs are reduced and processes are easier!

Never heard about MTN? MTN is one of the strongest telecom network operator in the world. In more than 22 countries, especially in Africa and Asia, MTN is developing its activities such as mobile offers, home broadband, television and mobile money. Created in the 1990’s, it’s now the major shareholder of Africa Internet Group (AIG).

But what’s mobile money? Also called mobile wallet, mobile money is a way for many people excluded from banking system to have access to a money transfer service through their phones. With mobile money, you can send, receive and save money directly on your mobile. According to your operator, you’ll have access to a large part of goods and services available with mobile money.

That’s why since the end of the decade, many telecom operators are investing into mobile money. In some years, they have grown in the all world and you have now a large choice of different mobile wallets.

Let’s learn more about MTN mobile services. Then, you’ll be able to choose between the different operators and their respective offers.

Even if it looks surprising, MTN group survived easily to the Covid-19 crises. In March, as for almost all companies in the world, MTN share price fell down to 2 625 ZAC on the Johannesburg Stock Exchange.

Since then, MTN share price rose again and stabilized itself. In January, it was reaching 6 457 ZAC on the JSE. As for many strong operators, MTN share price is stable and reliable.

With MTN, you’ll find different types of offers. For personal requests, MTN provides mobile offers, internet offers, devices, and mobile wallets. For business, you can search for a cloud service, an Internet of Things service, or a communication server.

That means you’ll find different kinds of bundles, tariff plans and prepaid cards in order to choose a suitable one. On your mobile, you’ll have access to MTN mobile money if you download MTN mobile money adder app.

Thanks to MTN, you’ll have access to a mobile wallet on your mobile phone. With this mobile wallet, you can send, receive and save money. For any of your financial operations, costs and fees are much cheaper than with traditional banking system. You won’t pay for hidden mark-ups!

MTN’s mobile money, called MoMo, works as an entire currency, and you’ll have to convert it to your local currency if you want to withdraw cash from an ATM or a MTN agent. That’s the advantage of mobile money: at any moment, you can decide to convert it into a physical currency!  Let’s have a look on the process you’ll have to follow in order to send MTN mobile money abroad. Or just go directly to the end of the article and find our solution for mobile money transfers, Monisnap.

First, we’ll find how to register MTN mobile money myself. First, buy a MTN mobile money merchant sim and activate your offer on your device. Once you’ve downloaded the app, you’ll need to make the MTN mobile money online registration. In order to do this, the company will send you a mobile money MTN code. After informing the code, you’ll be registered on MTN mobile money.

Now we’ve learnt how to register MTN mobile money, let’s see how to send mobile money with MTN. To be sure that the operation will be alright, follow all these steps:

Check that your payee already downloaded and registered on MTN mobile money app. Verify that you’ve got their correct mobile money number.

Sometimes, you’ll also need to verify the operation with a MTN mobile money PIN.

When you make a mobile money operation, with MTN or with any operator, you have to pay for a service fee. That’s why if you want to compare which is the best operator in order to choose your mobile wallet, you can check tariffs for your mobile money operations. Checking tariffs is recommended before sending money abroad. Then, you’ll know what’s the MTN mobile money commission in Zambia or what about MTN mobile money rates Uganda.

Let’s check MTN mobile money Cameroon tariffs.

Money transfer to a MTN MoMo customer

Money transfer to a non MTN MoMo customer

Cash withdrawals from my MTN MoMo account

For MTN mobile money Rwanda:

MTN Rwanda MFS Price Structure

You’ll find other rates on MTN mobile money Cameroon, such as for every country where MTN is developing its activities. MTN Ghana, MTN Zambia or MTN Uganda mobile money services are available for everyone with a MTN mobile money Ghana code, or Zambia code, etc…

If you need to contact MTN customer support, you’ll have three different options.

On MTN website, you’ll find a contact form to fill with your problem and personal information in order to alert MTN and ask for help. Still, you can use MTN assistance and dial #135 or #083 135 in order to get phone assistance for your problem. [email protected] is also a valid mail address. If you want a quick answer, contact MTN on LinkedIn or Instagram to get their attention.

Still not convinced by MTN mobile money? You want to send money to a friend in Africa but you don’t have access to a MTN wallet? Choose Monisnap and send him mobile money quickly, easily and at a low price.

Just follow these steps:

Your first mobile money transfer is FREE and the others, whatever the amount, cost 0.99£!

Do not hesitate to try it!