MTN MoMo PSB Fees in Nigeria
🇳🇬 NGN (₦) · Including all taxes
MTN MoMo PSB is one of the leading mobile money services in Nigeria, serving millions of users. Send fees are ₦10 per transaction. Note that Nigeria applies a government levy on mobile money transactions. Use the fee tables below to see all charges including government taxes.
Send Money Fee Tiers
| Range | Fee |
|---|---|
| ₦0 - ₦4,999.99 | ₦10 ₦10 flat (CBN-regulated tier) |
| ₦5,000 - ₦49,999.99 | ₦25 ₦25 flat |
| ₦50,000+ | ₦50 ₦50 flat provider fee. Plus ₦50 stamp duty on transfers ≥₦10,000. |
Withdrawal Fee Tiers
| Range | Fee |
|---|---|
| ₦1 - ₦19,999.99 | 0.5% 0.5% agent withdrawal |
| ₦20,000+ | ₦100 Flat ₦100 above ₦20,000 |
Government Levies
Stamp Duty (EMTL)
Levy activeA flat ₦50 charge on all electronic transfers of ₦10,000 and above. Officially recategorised as Stamp Duty under the Nigeria Tax Act 2025 (effective January 2026), the levy is paid by the sender. Applies to banks, OPay, PalmPay, Moniepoint and all fintechs. Exempt: transfers below ₦10,000, salary payments, intra-bank self-transfers.
Paid by sender
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Frequently Asked Questions
How much does MTN MoMo PSB charge to send money in Nigeria?
MTN MoMo PSB charges ₦10 per transfer in Nigeria.
What are the MTN MoMo PSB withdrawal fees in Nigeria?
MTN MoMo PSB withdrawal fees in Nigeria are 0.5% per transaction.
Is there a government levy on MTN MoMo PSB transactions in Nigeria?
Yes. Nigeria applies a Stamp Duty (EMTL) on mobile money transactions.
What is the MTN MoMo PSB USSD code in Nigeria?
Use the MTN MoMo PSB mobile app or visit an authorized agent in Nigeria.
Is MTN MoMo PSB the cheapest mobile money provider in Nigeria?
It depends on the amount. Use the MomoCalc calculator on the Nigeria page to compare all providers for your specific amount.