Mobile money has revolutionized financial transactions in Uganda, offering a convenient and secure way for individuals to send, receive, and store money using their mobile phones. For businesses, adopting mobile money products like MoMoPay has become crucial to cater to the changing payment preferences of customers.
Here is a guide to help you get an MTN MoMoPay Merchant Code for your businesses in Uganda.
If you’ve got this far and aren’t exactly sure what MoMoPay is, here’s a quick summary: MoMoPay is a mobile money service offered by both Airtel and MTN in Uganda. It allows customers to conveniently pay for goods and services using their mobile phones (mobile money accounts). It’s the 6-digit code that businesses always hang on their walls and allows them to receive payments directly into their mobile money merchant accounts.
Requirements for Obtaining a MoMoPay Code
To obtain a MoMoPay code for your business, certain prerequisites must be fulfilled. These requirements typically include:
- Business Registration and Legal Documentation: Ensure that your business is legally registered and possesses the necessary documents such as a valid license and tax identification number.
- Contact Number: The contact of the person who will manage the MoMoPay merchant account. In most cases, this is the phone number of the owner of the business or the person applying for the MoMo account. This facilitates the seamless transfer of funds between your mobile money account and the MoMo collection account.
- Business Location: The location of your business is needed as well before you apply to get a merchant MoMoPay code.
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How to Get a MoMoPay Merchant Code
Follow these steps to acquire a MoMoPay code for your business:
- When you have all the requirements up, simply send the information to this email [email protected] and the MTN team will get in touch with you. i.e. business name, contact number, and business location.
- Alternatively, you can visit any MTN service center and initiate the process. You can as well call 100 or WhatsApp this phone number 0772123100 to get your MoMoPay merchant code.
Businesses can leverage their MoMo collection account to efficiently manage various payments. This includes paying school fees, settling invoices from suppliers, transferring funds, and conveniently covering expenses such as salaries and utility bills. With a MoMo collection account, businesses can streamline their payment processes and ensure a hassle-free experience when settling dues with suppliers.
