Close
MOMO

Merchant – My Business Wallet

OverviewOverview

From local markets to online stores, they leverage mobile money technology for secure and convenient transactions. Embracing this innovation broadens their customer base, enhances convenience, and fosters digital economy growth.

How do I sign up for the Merchant service? How do I sign up for the Merchant service?

Dial *165*17#

Select ‘My Account’ 

Choose ‘MyBusiness Wallet’ 

Agree to Proceed 

Enter your Business Name (letters, numbers, or both are accepted) Select the Nature of Business -Restaurant/Hotel; Health; Supermarket & Retail; Agriculture; Hardware & Spare Parts; Transport; Other (enter your business type if not listed)

Enter PIN to Accept the MoMo Business Terms and Conditions 

Upon successful PIN validation, you will receive a notification confirming successful account creation and a 6–digit merchant code 

Benefits of MoMoPay

  • 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.
What is a merchant code? What is a merchant code?

A merchant code is a 6-digit unique number assigned to you after signing up for the business wallet. Customers use this code to pay you.

Am I charged when a customer pays me? Am I charged when a customer pays me?

No, you will not be charged. You will receive the full amount paid by the customer.

How does a customer pay me? How does a customer pay me?

The customer dials *165*3#, enters your merchant code, inputs the amount, and confirms the payment by entering their PIN. 

How do I check my wallet balance? How do I check my wallet balance?
How do I check my wallet balance? How do I check my wallet balance?

Dial *155#, select Option 6, then Option 1, enter your PIN, and your wallet balance will be displayed.

How do I withdraw money at an agent? How do I withdraw money at an agent?

Dial *155#, select Option 5, enter the agent ID or mobile number, input the amount, enter your PIN, and confirm. The agent will receive a notification, and you will get a confirmation message for the withdrawal.

How do I send money to my bank account? How do I send money to my bank account?

(Ensure your phone number is linked to your bank account.)

Dial *155#, select Option 3, choose your account type (Personal or Business), select your bank from the list displayed, enter your account number, confirm the details, input the amount, and enter your PIN to complete the transaction.

How do I opt out of this service? How do I opt out of this service?

Visit the nearest service center, and you will be assisted to opt out of the service.

9. How do I get support if there's a problem with the service? 9. How do I get support if there's a problem with the service?

Call the MTN customer care toll-free number 100 or visit the nearest service center for assistance.

Learn about our Business LoanLearn about our Business Loan

 

WEZIMBE BUSINESS LOANS

Introduction:

Wezimbe Business Loans, a collaborative effort by MTN MoMo and Asante Financial Services, is designed to offer collateral-free micro loans tailored for merchants. It redefines financial accessibility with competitive interest rates, making it a standout option compared to traditional banks, MFBs, and money lenders.

About:

Wezimbe Business Loans is an innovative financial service enabling merchants to apply for loans using their mobile phones within minutes. With no need for cumbersome paperwork or collateral, merchants can access funds directly into their business without leaving their premises, courtesy of MTN MoMo and Asante Financial Services.

Loan Tenor 1 Day 7 Day 21 Day
Facility Fee – (charged once at disbursement) 0.5% 2.5% 6.5%
Rollover Fee 0.5% 1.5% Flat 2.5% Flat
Rollover Duration 1 Day 3 Days 5 Days
Loan Limits Minimum UGX 50,000

 

Maximum UGX 4,000,000

 Minimum UGX 500,000

 

Maximum UGX 6,000,000

 Minimum UGX 500,000

 

Maximum UGX 10,000,000

Features:

  • Instant Access: Apply for loans instantly by dialing *155*33## or through the user-friendly MoMo App.
  • Quick approval and direct credit to your MoMo account.
  • Choose flexible repayment options tailored to your convenience.
  • Utilize the loan for various MoMo services like merchant-to-merchant transaction through making payment to your suppliers and covering operation costs i.e paying bills and employee renumerations.
  • Request multiple loans within your credit limit after timely repayments.

Benefits:

  • Higher limits. Merchants will enjoy upto 10m of credit limit depending on their MoMo utilization and merchant transaction turn over.
  • Competitive interest rates surpassing traditional lenders. Merchant loans are charged as low as 0.5% and maximum of 6.5%.
  • 24/7 Accessibility: No branch visits, queues, or paperwork hassles.
  • Instant funds credited directly to your MoMo wallet.
  • Convenient access through *155*33# or the MoMo App.
  • Security and reliability integrated into the platform.

How to Get Started:

Follow these steps to access Wezimbe Business loans via MTN MoMo:

  • Dial *155*33# to review and accept the terms and conditions.
  • Enter your MoMo PIN to start your application.
  • Receive confirmation in seconds and select your preferred loan options and fees.
  • Upon approval, your loan will instantly reflect in your MoMo wallet.

Other Features of Wezimbe Business Loan:

  • Repay your loan partially for as low as UGX 500.
  • Check your loan limit using *155*33#.
  • Close your loan account after clearing the outstanding balance.

Wezimbe Business loans are powered by MTN MoMo in partnership with Asante Financial Services, dedicated to enhancing financial inclusion for Uganda’s micro and small business owners.