The South African based multinational company MTN Group is among the top companies in Africa's telecom market. The introduction of the mobile banking service to its subscribers is one of the innovations the company has brought to its subscribers. This service commonly known as MTN Mobile Money is being used by millions of Cameroonians to make payments and other business transactions. The mobile money service being used in most countries where MTN operate including countries like Nigeria, South Africa, Ghana, Benin , Kenya, Uganda among others.

We will update you with the reason why this service had been suspended.

Cameroonians had been using MTN Mobile money services  to buy airtime,pay bills, pay school fees ,buy Camrail tickets , trasnfer money to friends and love ones in  the country , pay cable bills among others.  This had save money and time given that every transaction can be done anywhere any time with little or no stress.

Today, MTN Cameroon has extended its mobile money transfer service to Nigeria. 
 The MTN Cameroon boss confirmed it with this tweet, Just MoMo it.



This means that mobile money subscribers in Cameroon can now transfer money to Nigeria. For the moment you can send money to Nigerians who have a bank account in any of the following Banks in Nigeria:

1. GTB Bank
2. UBA bank
 Just to add that UBA bank is found in Cameroon and Nigeria. This means you can make use of UBA bank to Bank transfer if you find it necessary.

3. DIAMOND bank
4. Zenith bank

5. First Bank
6. Access Bank

7. Ecobank
8. Enterprise Bank

9.Fidelity Bank and
10. Stanbic IBTC bank.

  How can we send Money to Nigeria?
 There is a single USSD CODE that can make your money and transaction possible with a mobile phone, thanks to MTN mobile money. Here is how to go about your transaction. 

===>Dial *126*1#  Select option ''1''(Send Money To).   
===&g;Reply with the numbers that correspond to ''Nigeria'' on the Menu. At the moment i am writing this post, Nigeria corresponds to '' 3''. 
==>On the Next Menu reply with ''Bank Accounts (1). 
Make sure the recipient has a bank account with any of the Banks listed above.
==>On the bank account Menu, Select the Bank of the receiver and enter the Bank account Number
==> In the next Menu Enter the amount to be transferred.  
Make sure you convert the amount In Naira to your local currency(XAF) . 
==> Proceed with the next steps which involve entering the recipient’s Name and Nigerian Phone number.
==>Confirm transaction by entering your pin code. Make sure you keep the second message with the transaction details until your recipient has confirmed the transaction on his part. In some cases you might need to share these details with your recipient.
 That is it. Let us take a look at the transaction cost.

Cost of doing Mobile Money transaction from Cameroon to a Nigerian Bank Account.
 
MTN mobie money rates are really cheap compare to other means of money transfer such as Western Union and Money gram which had been suspended for sometime now in Cameroon. The table below summarizes the various amount and tariff  in doing mobile money payment to Nigeria.









Amount Range in XAF

Fees(Cost) in XAF

 1-30000

1 400

 30001-60
000

 1
700

60001-120 000

2 700

120,001-180,000

3 300

180,001-240
000

3 900

240
001- 300 000

4 400

300
001-440 000

5 100

440
001-500 000

5 700
*The transfer fee include value added
tax(VAT) * The  rates
 are not fixed. They can be changed any time by the
Comapany. 

   This is service gives a reason for those who do transactions in Nigeria to celebrate. ''Eh ya'' . To those  doing business in Douala, it will save you from long queues in banks and the crazy traffic that we always encounter when displacing ourselves from one area to another. We can now MoMo it to Nigeria.
Have you ever sent or receive money using MTN mobile Money? Share your experience with us.

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