MTN mobile money charges | MTN transaction fees
MTN stands for Mobile Telephone Network. Mobile Telephone Network (MTN) is a South Africa-based multinational mobile telecommunications company, operating majorly in African countries including Nigeria.
MTN Group Limited, formerly M-Cell, is a South African multinational mobile telecommunications company, operating in many African and Asian countries. Its head office is in Johannesburg. As of December 2020, MTN recorded 280 million subscribers, making it the 8th largest mobile network operator in the world, and the largest in Africa. Active in over 20 countries, one-third of company revenue come from Nigeria, where it holds about 35% market share.
MTN Group is the primary sponsor of the South Africa national rugby union team and sponsors English football club Manchester United F.C.
The future of money is here
MTN Mobile Money (MoMo) is simple and safe to use, with no monthly fees to worry about.
It’s available on any South African cellphone number. What‘s more, you don’t even need a bank account.
No monthly fees, no endless queues at the bank, and no carrying cash.
MTN mobile money charges | MTN transaction fees
Cash-out via MoMo agent
- Transaction amount Fee(3.75%)
- R5 R0.19
- R10 R0.36
- R20 R0.75
- R40 R1.50
- R70 R2.62
- R100 R3.75
- R250 R9.38
- R500 R18.75
- R750 R28.13
- R1 000 R37.50
- R1 500 R56.25
- R2 500 R93.75
- R5 000 R187.50
Sending money to a MoMo customer
- Transaction amountFee
- R5 – R10R0*
- R10 – R20R0*
- R20 – R40R0*
- R40 – R70R0*
- R70 – R100R0*
- R100 – R200R0*
- R200 – R250R5*
- R250 – R500R7
- R500 – R750R8
- R750 – R1 000R10
- R1 000 – R1 500R12
- R1 500 – R2 500R14
- R2 500 – R5 000R15
- R5 000 – R25 000R16
Sending a money voucher
- Transaction amount – Fee