Lonestar Cell MTN and mobile payment processing company, Youtap have launched a contactless mobile payment service for Lonestar Cell MTN Mobile Money users in Liberia, “MoMoPay”.
MoMoPay enables merchants to receive payment for goods and services using MTN Mobile Money. It is accessible using *165*3# for both customers and merchants. With MoMoPay, merchants can sell airtime and earn commission, pay suppliers, pay salaries as well as transfer money to the bank.
The Tap and Pay service is aimed at making daily financial transactions comfortable and convenient as well as eliminating the risk associated with handling cash; like theft, leakage and loss. This new service depends on near area communication (NFC) technology developed by Youtap, a global provider of contactless mobile payments and financial services software program.
Speaking at the launch of the Tap and Pay service, Head of Mobile Money – Lonestar Cell MTN, Massa Mayson-Dennis, said, “Lonestar Cell MTN made a promise to the Liberian people to provide world class digital financial services. We are honouring that commitment with the launch of our newest service dubbed MoMoPay.”
VP Sales and Marketing-Africa for Youtap, Shaun Morgan, stated that, “We are excited about launching our Youtap Pay solution in another MTN market. Youtap is firmly committed to supporting Lonestar Cell MTN’s promise to provide world-class digital financial services in Liberia. This innovative service is a great step in helping to fulfil this promise.”
HOW TO SIGN UP YOUR BUSINESS ON MTN MoMoPay
Simply send an email to MoMoPayRegistration.Ug@mtn.com with the following information;
- Your name
- Name of your business
- Contact number
- Location
or email customerservice.ug@mtn.com or call 122.
Why MoMoPay
- The service is free.
- Reduces risk of carrying cash.
- No issues of small change amounts.
- Additional revenue for Merchants who can earn commission by selling airtime or making payments for customers.
- Customers and merchants can deposit and withdraw funds from their bank accounts.