How To Get Mobile Money In Nigeria

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How to Get Mobile Money in Nigeria: A Comprehensive Guide

In Nigeria, mobile money has become a popular way to send and receive money, pay bills, and purchase goods and services. With the rise of the mobile phone industry, more people are turning to mobile money as a safe, convenient, and fast way to manage their finances. However, with so many mobile money providers in Nigeria, it can be overwhelming to choose the right one. In this article, we will provide a comprehensive guide on how to get mobile money in Nigeria.

What is Mobile Money?

Mobile money is a digital payment system that allows users to send, receive, and store money using their mobile phones. It works by linking a user's mobile phone number to their bank account, allowing them to access their account and carry out transactions through their phone. Mobile money is becoming increasingly popular in Nigeria, especially among the unbanked population who do not have access to traditional banking services.

Choosing a Mobile Money Provider

Before you can start using mobile money, you need to choose a provider. There are several mobile money providers in Nigeria, including:

  • MTN Mobile Money
  • Airtel Money
  • Glo Xchange
  • 9mobile Mobile Money
  • Paga
  • First Bank Firstmonie
  • Ecobank Mobile Money
  • Zenith Bank EazyMoney

When choosing a provider, you should consider factors such as fees, ease of use, security, and the number of agents and merchants available. It is also important to check if the provider is licensed by the Central Bank of Nigeria (CBN) and has a good reputation in the market.

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Registering for Mobile Money

Once you have chosen a mobile money provider, the next step is to register for the service. The registration process may vary depending on the provider, but generally, you will need to provide the following information:

  • Your full name
  • Your date of birth
  • Your address
  • Your mobile phone number
  • A valid form of identification (such as a national ID, driver's license, or passport)
  • Your bank account details (if required)

You may also need to create a PIN or password to secure your account. Some providers may require you to visit a physical agent to complete the registration process, while others allow you to register online or through their mobile app.

Funding Your Mobile Money Account

Once you have registered for mobile money, you need to fund your account to start using the service. There are several ways to fund your account, including:

  • Bank transfer: You can transfer money from your bank account to your mobile money account using the provider's bank account details.
  • Card payment: Some providers allow you to fund your account using your debit or credit card.
  • Cash deposit: You can visit a physical agent or merchant to deposit cash into your account.
  • Mobile money transfer: You can receive money from another mobile money user or send money to someone else using your mobile money account.

The fees and processing time for funding your mobile money account may vary depending on the provider and the funding method.

Using Mobile Money

Once you have funded your mobile money account, you can start using the service to send and receive money, pay bills, and purchase goods and services. To use mobile money, you need to:

  • Dial the provider's USSD code or open the mobile app on your phone.
  • Enter your PIN or password to access your account.
  • Select the transaction you want to carry out (such as sending money or paying a bill).
  • Enter the recipient's details (such as their mobile phone number or bill reference number).
  • Confirm the transaction and wait for a confirmation message.
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Most mobile money providers also offer additional services such as airtime top-up, cash withdrawal, and savings accounts.

Security Tips for Mobile Money Users

While mobile money is a convenient way to manage your finances, it is important to take precautions to protect your account from fraud and scams. Here are some security tips for mobile money users:

  • Keep your PIN or password confidential and do not share it with anyone.
  • Beware of phishing scams and do not click on links or download attachments from unknown sources.
  • Verify the identity of the recipient before sending money.
  • Check your account balance and transaction history regularly to detect any unauthorized activities.
  • Report any suspicious activities to your mobile money provider or the appropriate authorities.


Mobile money has become an integral part of the Nigerian financial system, providing a safe, convenient, and fast way for people to manage their finances. By choosing the right provider, registering for the service, funding your account, and using the service securely, you can enjoy the benefits of mobile money and take control of your financial future.


  1. Is mobile money available in all parts of Nigeria?

Mobile money is available in most parts of Nigeria, but the availability of agents and merchants may vary depending on the provider and location.

  1. Can I use mobile money without a bank account?

Some mobile money providers allow users to register and use the service without a bank account, while others require users to link their mobile money account to their bank account.

  1. How long does it take to fund a mobile money account?
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The processing time for funding a mobile money account may vary depending on the provider and the funding method. Bank transfers and card payments may take longer than cash deposits or mobile money transfers.

  1. Can I withdraw cash from my mobile money account?

Most mobile money providers allow users to withdraw cash from their account by visiting a physical agent or merchant. The fees and limits for cash withdrawal may vary depending on the provider.

  1. What should I do if I lose my mobile phone?

If you lose your mobile phone, you should contact your mobile money provider immediately to freeze your account and prevent unauthorized access. You should also report the loss to the appropriate authorities and take steps to recover or replace your phone.