Terms And Conditions

IntroductionIntroduction

MoMo Payment Service Bank Limited (MoMo PSB) is introducing its zero-rated charges on outward transfers below N10,000 (N9,999 and below) as part of its strategic initiative to increase transfer transactions, reactivate inactive users and encourage repeat usage.

By participating in this offer, customers agree to abide by the following Terms & Conditions:

Offer PeriodOffer Period

The MoMo Zero-rated Charges for Transfers Below N10,000 will run for 30 days, starting from 1st of August to 30th of September 2025. MoMo PSB reserves the right to extend, modify, or terminate the Offer at any time.

Eligibility CriteriaEligibility Criteria

To participate in the promotion, customers must:

  • Be a new or existing customer
  • Have an active MoMo PSB account.
  • Perform an outward bank transfer of N9,999 and below.
Qualifying Transactions & Minimum ValuesQualifying Transactions & Minimum Values

To be eligible for the zero-rated transfer charge offer, customers do the below for the duration of the Offer:

Transaction Type Eligible Transaction Value (N)
Outward Bank Transfer 9,999 and below

 

RewardsRewards

Customers can enjoy the zero-rated transfer charges multiple times within the offer duration.

 

ExclusionsExclusions

The following individuals are not eligible to participate:

  • Employees (permanent and contract) of MTN Nigeria and MoMo PSB.
  • Third-party field staff including TDRs, Canvassers, Agents, RDs, and Rebalancers.
  • Spouses of MTN Nigeria and MoMo PSB staff.
  • MoMo PSB Agents, MoMo PSB Merchants and MTN Nigeria and MoMo PSB vendors and technical partners.

 

General Terms & ConditionsGeneral Terms & Conditions
  • Rewards cannot be transferred or exchanged for other benefits outside of the specified options.
  • MoMo PSB reserves the right to modify, suspend, or terminate this promotion at any time without prior notice.
  • Participation in the offer constitutes full and unconditional acceptance of these Terms & Conditions.
Customer SupportCustomer Support

For further inquiries, please contact MoMo PSB Customer Service via:

  • Phone: 671 (Toll-free)
  • WhatsApp: [07031594671]
  • Email: [customercare@momopsb.com]
  • Social media: @MoMo_psb across Instagram, X, Facebook and TikTok.

 

By participating in this Offer, you agree to be bound by these Terms and Conditions, as well as any applicable laws and regulations. Your participation constitutes your full and unconditional acceptance of these terms.