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COVID-19: MTN waives fees on Cash2Cash-MOMO Agent Money Transfers

MTN Nigeria Monday announced removal of user fees for Cash2Cash on its subsidiary service, the Y’ello Digital Financial Services (YDFS) as part of seamless access for the service in the trending regime of COVID-19 global pandemic which has started in Nigeria.

The telecoms giant said in a statement that the move was in response to the escalating coronavirus global pandemic.

It explained that “The waiver, which takes effect immediately, enables people without a bank account to send and receive money across the country at no extra cost for the next four weeks. During this time, all cash transfer fees will be absorbed by YDFS as one of several new measures the company is introducing to support Nigerians as cases of COVID-19 continue to rise around the world.

In his remarks, the Chief Executive Officer, Y’ello Digital Financial Services, Usoro Usoro observed that, “The events surrounding COVID-19 are unprecedented and will undoubtedly disrupt daily life and pose a myriad of challenges to people and business alike. With the Y’ello hope package, we are working to introduce measures that support our customers and communities, through this difficult time. Free Cash2Cash, allows users continue to make money transfers, safely to help their loved ones meet financial obligations without fretting about the charges.”

Business Hilights recalls that to locate a MoMo Agent close to their location, Customers can dial *223#.