MTN mobile money: how to register, charges, merchant commissions

MTN mobile money: how to register, charges, merchant commissions

MTN mobile money has revolutionised how Ghanaians send and receive money. With the advancement in financial technology, many ventures and people prefer MoMo payments rather than receiving cash in notes and coins. Today, MTN mobile Ghana is one of the leading mobile money systems in the country.

MTN mobile money
MTN mobile money. Photo: @MTN Ghana
Source: Facebook


The increasing demand for MoMo payments has led to increased MTN mobile money transfers in Ghana. There are multiple MTN outlets and agents across the nation to facilitate cash deposits and withdrawals.

MTN mobile money in 2024: all you need to know

Do you wish to start using MTN mobile money in 2024? The first requirement you should have is a National ID card and an MTN SIM card. Learn more today.

How to register for MTN mobile money

With MTN MoMo, you can pay bills, send and receive cash, top up airtimes, purchase data bundles, and much more. You can only access these services if you register your SIM card for MTN mobile money.

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If you have ever wondered how to start using MTN mobile money in 2024, the two key requirements are a registered MTN SIM card and a valid identification document, e.g. national ID, passport, driver's license, or National Health Insurance Scheme ID.

You can complete the registration process online or offline, as explained below.

Manual registration process at a merchant/ agent

You can visit an MTN merchant, agent, or office for registration. Expect to follow the steps below to complete your registration.

  • Request for registration services. The agent or official will record your details using their device, so answer all questions asked correctly.
  • You will receive a request on your device.
  • Dial *170# on your phone and enter a four-digit PIN when prompted. This will be the PIN you will be using to transact.
  • Once done, you will receive a message notifying you the registration process is complete.
Can you register MTN mobile money by yourself?
Can you register MTN mobile money by yourself? Photo:, @Mikhail Nilov
Source: UGC

Online registration

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You can also complete the registration process online with these simple steps.

  • Visit the MTN Ghana website using an internet-enabled device.
  • Click Register.
  • Enter your mobile phone number and preferred PIN.
  • Enter the CAPTCHA displayed and wait for a One-Time PIN to be sent to your phone.
  • Enter the OTP, followed by your password.
  • Follow the prompts to complete the process.

NB: MTN online registration on the app is also possible. Simply download and install the app. Open it, click register, and follow the prompts. You need a stable internet connection to complete the process.

Registration via USSD code

You can complete the self-registration process via a USSD code, as explained below.

  • Dial *400# on your mobile phone
  • Choose 1, i.e., Continue Self-registration
  • Insert your first and last name.
  • Fill in your date of birth in the format MM/DD/YYYY
  • Choose your 5-digit PINSECRET code and validate.

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MTN MoMo charges

When you use the MTN mobile money app or SIM toolkit to make transactions, you will be charged. The current rates are documented in the table below.

Transaction pointType of serviceTransaction limit (GH¢)Charges (GH¢)
Merchant/ agentRegistrationFreeFree
Merchant/ agentMoney transfer1 - 502.50
Merchant/ agentMoney transferAbove 505% of amount
Merchant/ agentCash-out1 – 500.50
Merchant/ agentCash-outAbove 501% of amount
MobileMoney transfer (P2P)1 – 500.50
MobileMoney transfer (P2P)Above 501% of amount
Mobile Money transfer (A2C)1 – 501.50
MobileMoney transfer (A2C)Above 503% of amount
Mobile Airtime top-up1 -100Free
MobileBill payment – ECG, GOtvNA0.50 Flat
Mobile Bill payment – DSTV, MTN PostpaidNAFree
Account managementBalance enquiryNAFree
Account managementMini statementNA0.01

MTN merchant commission

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The agent’s commission structure is as follows;

  • Withdrawal between 1GH¢ and 50GH¢ - 0.50GH¢
  • Withdrawal exceeding 50GH¢ - 1% of the withdrawn amount.

How to fund MTN mobile money in Ghana

Before you can transfer money or conduct any other transaction, you must have money in your account or wallet. You can fund your account by visiting an agent or merchant to deposit cash.

Depositing money will not cost you anything. Alternatively, you can ask someone to send money to your number.

How to use MTN mobile money online

You can use various mobile money services using the MTN app. The app is available for download on Google Play Store and Apple Store. Once installed, you will need an internet connection to use the app.

What are the benefits of MTN mobile money?
What are the benefits of MTN mobile money? Photo:, @August de Richelieu
Source: UGC

Can you register MTN mobile money by yourself?

Yes, you can. You can self-register online on the official website or using the USSD code.

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What are the benefits of MTN mobile money?

Mobile money enables cashless payments, which reduces dependency on cash and allows tracking of transaction records. Besides, it is instant.

What is the MTN MoMo code?

The code to use is *170#. Choose the service you want and follow the prompts to complete the process.

How much is MTN agent commission?

MTN agents in Ghana get 0.50GH¢ for withdrawals between 1GH¢ and 50GH¢ and 1% of the amount exceeding 50GH¢ withdrawn.

How do MTN MoMo agents get paid?

MTN MoMo agents get paid by commission. This means that the more clients they serve, the higher the commission they get.

MTN mobile money has made life easier for Ghanaians. They can send and receive money instantly and pay bills if they are registered for the service.

DISCLAIMER: This article is not sponsored by any third party. It is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!

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READ ALSO: StarTimes Ghana packages, prices and list of channels 2023 recently published various StarTimes Ghana packages, prices, and channels offered in 2024. Most African countries have switched to digital television.

As a result of this technological advancement, many digital service providers have sprung up. As one of the countries that have embraced the digital revolution, Ghana has a diverse range of service providers. StarTimes Ghana is one of the most popular ones.

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