A resident of the United Kingdom can send money or airtime to MTN Mobile Money (“MTN MoMo”) users in Africa with MTN Homeland.
KAMPALA | NOW THEN DIGITAL — The MTN Homeland App can be used to send money to other people living in Africa. To send money, the user needs to choose a destination country, the mobile number of the recipient, and the amount to be transferred.
- This service is intended for residents of the United Kingdom who wish to send money or airtime to subscribers of MTN’s mobile money service (“MTN MoMo”) in Africa.
- The cost of sending money with MTN Homeland ranges from £2 to £4 depending on the amount sent, but there is no charge for sending airtime – you are only charged for the airtime value.
- The maximum amount you can transfer before you have verified your account is £10. After verification, the maximum amount you can transfer is £1000.
- The MTN app is compatible with Android and iOS platforms and is available in six markets.
The MTN Homeland will then calculate the total charges and total amount owed to the recipient. The user will then have to choose a payment method and confirm the transfer.
Then, the money will be sent. This way, the recipient will receive the money quickly.
MTN Homeland app
If you want to send money to a friend or loved one living in Africa from abroad, you can now use MTN Homeland App. The MTN Homeland app requires you to enter the recipient’s mobile number, country and amount.
MTN will then calculate the total amount and charge for the transaction and prompt you to enter the payment method.
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It also supports multiple currencies, making it convenient for both you and your recipient.
Here are some of the reasons why you should try this mobile app.
The MTN Homeland app is available on Android and iOS. You can send money to any MTN subscriber in Africa from the UK or EU using this application.
It has a simple user interface and enables you to make mobile money transfers anywhere in the world.
Users can send money from any mobile phone or desktop computer to MTN’s service in any of these countries.
MTN Mobile Money
MTN Homeland, a joint initiative between MTN Group and MFS Africa, facilitates the transfer of airtime and money across borders in Africa.
MFS Africa is a fintech startup headquartered in Johannesburg, NA – South Africa. Its API enables banks, money transfer operators, merchants, and consumers to conduct cross-border digital payments.
As a result, millions of customers from different countries can now send and receive money.
MTN’s new mobile remittance application allows people living in Europe (residents of the United Kingdom) to send money and airtime to their family members in Africa.
MTN Homeland supports airtime transfers to countries like Benin, Cameroon, Ghana, Guinea, Ivory Coast, Liberia, Madagascar, Malawi, Mozambique, Niger, Congo, Rwanda, Uganda and Zambia.
MTN offers various payment services to make sending and receiving money easier and safer.
The money transfer service does not charge excessive fees, so it’s a good choice for international transfers.
Sending money costs £2 to £4, depending on the amount sent.
Airtime top-ups
MTN Homeland is an application that allows MTN users to send and receive money for airtime top-ups and other services in various countries across Africa.
The app works on both iOS and Android devices and allows you to send airtime or money to MTN subscribers across multiple African countries including Benin, Cameroon, Ghana, Guinea, Ivory Coast, Liberia, Madagascar, Malawi, Mozambique, Niger, Congo, Rwanda, Uganda and Zambia.
To send airtime, there is no transfer fee – you only pay the airtime value.
Users in all of these countries will receive a notification when their money is received.
To use MTN Homeland, users must be a resident of the EU or UK and have a debit card. The money will be deducted from the debit card upon delivery.
As soon as the transfer is complete, the user will receive an email notification. Your friends and family will receive your transfer within minutes, regardless of what time it is.
Remittances from Europe to Africa
MTN has recently launched a mobile application, MTN Homeland, that will enable Africans living in Europe (a UK residents) to send funds and airtime to family members back home in real-time.
While the move into fintech by telecom companies has been a trend for some time, this is a first for the mobile operator.
With its new service, MTN hopes to increase its footprint and position itself as one of the leading providers of financial services to Africans in the diaspora.
The launch of MTN Homeland supports the tenth UN Sustainable Development Goal, reducing inequality between and within countries by reducing the price of remittances.
Designed to reduce costs for both senders and recipients, MTN Homeland is priced to meet this target.
By offering this service at a competitive price, MTN aims to make it the most affordable option for Africans living in Europe.
Costs of remittances
MTN’s new mobile money remittance service, Homeland, is aimed at facilitating the transfer of airtime and money across the diaspora.
The service, which is powered by Johannesburg-based FinTech startup MFS Africa, enables users to send airtime and money to countries across the continent.
An MTN Homeland account allows residents of the United Kingdom to send money or airtime to African MTN Mobile Money (“MTN MoMo“) users.
Money transfers with MTN Homeland cost approximately £2 to £4 depending on the amount sent. When sending airtime, there is no transfer charge – you only pay for the airtime value.
Remittances to sub-Saharan Africa have been increasing over the past few years.
The World Bank’s Send Money Africa database shows a 9.6% rise in the amount of money sent to sub-Saharan Africa from 2017 to 2018.
Despite this increase, sending money to sub-Saharan Africa remains the most expensive market. Its average cost per transaction is 9.3%.
Availability in Europe
If you live in the United Kingdom (UK), you can now use MTN’s Homeland app to send money to other MTN users in other countries.
To use the service, you must have a smartphone, credit or debit card, and the phone number of the recipient. The money transfer is free for MTN users, and it is also a good way to get airtime top-ups.
MTN has partnered with the MFS Africa group to create this service, which brands itself as the “best gateway to mobile wallets in Africa.”
Another benefit of MTN’s app is its support of the 10th United Nations Sustainable Development Goal, which aims to reduce inequality between and within countries.
It does so by aiming to keep prices low, with a target of 3%.
In addition, please read the Terms of Service, which can be found here.
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