Momo Category: Corporate

Collections

This a solution that allows corporate clients to collect money from clients to their MTN account, money is then sent to a bank of their choice
Clients are assigned a web portal with your own security credentials to manage all transactions. You can make transactions anywhere anytime provided you have basic internet connectivity (MTN Internet is recommended due to its fastest speeds in Zambia).
How does the service work?

  • Customer converts cash to e-money at any Kiosks or any Agent
  • Customer pays bills to the client using MoMo account
  • MTN sends money to the client account
  • The client instructs MTN to release the money to the client’s bank account

Opening the corporate account:

  • Directors’ photo
  • Directors’ ID
  • Tax Clearance Certificate (proof of exemption if exempt)
  • PACRA or Registrar of Society Certificate of Registration
  • 3-month bank statement
  • Complete KYC Form and IDs for people to be handling account

Transaction fees

Transaction range Service fee
K5 -K150 K1
K151 -K300 K1.50
K301 –K600 K2.50
K601 –K20,000 K3.50
Transaction range Bill payment fee
K0.001 -K150 K1
K151 -K300 K1.5
K301 –K600 K2.5
K601 –K3000 K3.5
K3001 –K20,000 K3.5

Benefits

  1. No cash handling
  2. Eliminates CIT costs and risks
  3. Customer digital profiling
  4. Helps build customer loyalty programs
  5. Beneficiary’s trend analytics
  6. It’s instant
  7. It’s affordable
  8. Secure
  9. Convenient

Bulk payment

Easy Payment solutions for corporates and SMEs
Our Easy Pay Solution effectively responds to the challenges faced by our customers such as Cash Management, Banking Phobia, Limited Banking Facilities and many others in Bulk Payment transmissions. It enables corporates to make multiple payments of varying amounts to multiple recipients in an instant.
You will be assigned a web portal with your own security credentials to manage all transactions. You can make transactions anywhere anytime provided you have basic internet connectivity (MTN Internet is recommended due to its fastest speeds in Zambia).
How does the service work?

  • Customer deposits money in a trust account, prepares their payroll and sends it
  • MTN system disburses money to payee instantly anywhere in Zambia
  • Payee receives SMS notification and withdraws at any MoMo kiosks

Opening the corporate account:

  • Directors’ photo
  • Directors’ ID
  • Tax Clearance Certificate (proof of exemption if exempt)
  • PACRA or Registrar of Society Certificate of Registration
  • 3-month bank statement
  • Complete KYC Form and IDs for people to be handling account

Transaction fees

Transaction range Transmission fee
K1 -K150 K2
K151 -K300 K2
K301 –K600 K2
K601 –K1,200 K2
K1,201 –K20,000 K2
Transaction range Withdraw fee
K5 -K150 K2.50
K151 -K300 K5
K301 –K600 K10
K601 –K1,200 K20
K1,201 –K3,000
K3,001 –K5,000
K5,001 –K10,000
< K10,001		 K30
K50
K70
K70

Benefits

  1. No cash handling
  2. Eliminates CIT costs and risks
  3. Customer digital profiling
  4. Helps build customer loyalty programs
  5. Beneficiary’s trend analytics
  6. It’s instant
  7. It’s affordable
  8. Secure
  9. Convenient