How to Register as an MTN MoMo Agent in Nigeria: A Step-by-Step Guide

How to Register as an MTN MoMo Agent in Nigeria: A Step-by-Step Guide

MTN Mobile Money (MoMo) has become an extremely popular way for Nigerians to send, receive, and store money using their mobile phones.

As an MTN agent, you can provide vital MoMo services to customers in your community while earning attractive commissions. This comprehensive guide covers the registration process to become an authorized MTN MoMo agent in Nigeria.

how do i register for mtn momo agent


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Overview of MTN MoMo Services in Nigeria

First launched in 2019, MTN MoMo enables users to complete affordable financial transactions directly from their mobile device without needing a bank account. Key features include:

  • Mobile wallet – Customers can store funds in a digital wallet linked to their phone number.
  • Payments – Send and receive money, pay bills and merchants.
  • Loans – Access instant microloans and quick loans via MoMo.
  • Savings – Earn interest by saving in a MoMo Savings wallet.
  • International transfers – Receive remittances from overseas.

The agent network is the backbone enabling cash-in and cash-out services for millions of customers nationally. By becoming an authorized agent, you become a critical access point.

Benefits of Becoming an MTN MoMo Agent

As an MTN agent, you can enjoy many advantages including:

  • Generate commissions – Earn a percentage of fees from customer transactions.
  • Attract new customers – Offering MoMo brings more people to your shop.
  • Increase sales – MoMo users who visit your shop often make additional purchases.
  • Convenience – Provide much-needed financial services in your community.
  • Flexible operation – Balance MoMo activities with your core business.
  • Low startup costs – No need to rent new premises or purchase specialized equipment.

To maximize these benefits, completing MTN’s agent registration process correctly is crucial.

Agent Registration Requirements

To register as an MTN MoMo agent, you must meet these key requirements:

  • Active MTN subscriber – Have a registered MTN SIM card and active phone number.
  • Age – Be at least 18 years old.
  • Valid ID – Provide government-issued identification such as national ID, driver’s license, passport or voters card.
  • Physical shop – Have an established shop, kiosk, or retail business in a high-traffic area. Cannot be residence-based.
  • Capital – Demonstrate access to working capital of at least 20,000 Naira.
  • Device – Have an internet-enabled smartphone.

Fulfilling these requirements makes you eligible to begin the registration process.

Step 1 – KYC Verification

The first step is completing KYC (Know Your Customer) verification. This one-time process involves submitting:

  • Copy of valid government ID
  • Proof of residence/address
  • Passport photo
  • Business registration documents

KYC verification is mandatory for all financial services agents in Nigeria to comply with CBN regulations. Existing MTN subscribers can complete KYC via their phone.

Step 2 – Select Registration Method

You can register to become an MTN MoMo agent through:

USSD – Dial *502# on your phone and follow prompts.

MTN office – Visit nearest office and submit forms and documents.

Website – Download forms from and submit at MTN office.

USSD self-registration is fastest if you meet requirements. Visiting an office allows staff to review your application but may take 1-2 weeks.

Step 3 – USSD Self-Registration Process

If eligible, I recommend USSD self-registration by dialing *502#. Steps:

  1. Dial *502# on your registered MTN SIM card.
  2. Accept MoMo Agent terms and conditions.
  3. Create a 4-digit wallet PIN.
  4. Provide your business category when prompted.
  5. Specify your outlet name.
  6. Input your next of kin details.
  7. Review and confirm all details entered.
  8. You will receive SMS and USSD confirmations of successful registration.

The entire process takes only a few minutes if you have your details handy.

Step 4 – In-Office Registration Process

If required to visit an MTN office, follow these steps:

  1. Visit your nearest MTN office and request a MoMo Agent registration form.
  2. Complete the form with your personal details, business details, and KYC documents.
  3. An MTN agent will review your application and confirm you meet the requirements.
  4. If approved, you will sign your registration form and receive a copy.
  5. Wait for SMS or email with confirmation of your registration within 1-2 weeks.
  6. Activation instructions for your MoMo merchant app will follow.

Be prepared to answer questions about your business operations and provide any additional documents requested.

Step 5 – Downloadable Registration Forms

You can also download registration forms in advance from and complete at home. But you must still visit an MTN office to submit the forms and supporting documents.

Step 6 – Account Activation and App Set Up

Once your MTN MoMo Agent registration is approved, you will receive a text message with account activation instructions. Follow the prompts to:

  • Activate your agent wallet account
  • Set up your MoMo merchant app
  • Order your agent POS device if applicable
  • Complete any additional KYC verification steps

Thoroughly complete the activation process to get your agency fully operational. You can now start transacting!

Top Tips for New MoMo Agents

Follow these tips once your registration is complete:

  • Maintain a minimum float balance of 20,000 Naira in your agent wallet.
  • Prominently display MoMo agent stickers and signage outside your shop.
  • Train staff on performing basic MoMo transactions using the app.
  • Provide excellent customer service and assistance to build your client base.
  • Follow cash management best practices for agent liquidity and security.
  • Actively market your MoMo services in your community.

With proper preparation, you can operate a profitable MTN MoMo agency that provides valuable financial services to the unbanked while diversifying your income streams.

Common Registrant Queries

Here are answers to some frequently asked questions about becoming an MTN MoMo agent:

Are there any fees for registering as an agent?

MTN does not charge registration fees. However, you need to maintain sufficient float in your MoMo e-wallet to perform transactions, minimum 20,000 Naira.

How much can I earn as a MoMo agent?

Income potential varies. You can earn commissions of 0.25% to 2% on customer deposits and withdrawals. Active agents generate 20,000+ Naira monthly.

Can I register more than one outlet?

Yes, you can register multiple outlets under the same business or different businesses using the same documentation. Each outlet will have its own wallet.

What if I do not have all the ID documents?

Valid government-issued ID is mandatory for KYC verification. Contact MTN to discuss which alternative documents can be accepted.

How long does the registration process take?

USSD self-registration takes minutes. Visiting an office can take 1-2 weeks. Downloading forms also requires waiting for approval.

Do I need to buy any special equipment?

Just an internet-enabled smartphone. You can obtain a POS device later for cash-in/cash-out. Your main investment is the float balance.

Becoming an authorized MTN MoMo Agent opens up significant income potential while providing essential financial services to your community. We encourage aspiring agents to carefully evaluate if this business line aligns with your goals and meet all requirements prior to registering. With dedication and commitment to top-notch customer service, your MTN MoMo agency can flourish.


The MTN MoMo agent network enables millions across Nigeria to access mobile money services that enhance financial inclusion.

By becoming an authorized MoMo agent after following the outlined registration steps, you can operate a valuable community business while earning attractive commissions.

Keys to success include meeting all requirements, completing thorough KYC verification, maintaining a sufficient float balance, and delivering excellent service to build your customer base.

With strategic planning and execution, you can prosper by providing vital MoMo accessibility.

We hope this comprehensive registration guide supports aspiring agents in launching and growing a rewarding MTN MoMo agency.


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