Stephen Mutana, the Acting CEO MTN Mobile Money 


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MTN MoMo Uganda Launches MoMoAdvance

What you need to know:

  • MTN MoMo Customers can now access MTN MoMoAdvance overdrafts to complete their MoMo transactions and pay back later
  • MoMoAdvance is available to all MTN MoMo customers through the MyMTN App or on *165*5*3# for a one-time registration.
  • MoMoAdvance is not a loan. It is a cash overdraft that enables a customer to transact beyond their available MoMo wallet balance and automatically deducted the next time a customer gets funds on their MoMo account.

MTN Mobile Money in partnership with NCBA Bank, has launched a new MTN MoMo overdraft service dubbed MoMoAdvance that will enable MTN MoMo customers to access advance Mobile Money funds that they can use to complete their MoMo transactions and pay back later.

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