MoMo Payment Service Bank (MoMo PSB) is supporting the Federal Government’s National Emergency Relief and Stabilisation Intervention (NERSI) by offering a safe and handy digital cost channel for the disbursement of ₦50,000 month-to-month reduction funds to eligible susceptible Nigerians.
The Federal Government initiative, coordinated by the Federal Ministry of Humanitarian Affairs and Poverty Reduction, is designed to present focused monetary assist to households going through financial challenges arising from rising dwelling prices.
Through the intervention, qualifying beneficiaries will obtain direct monetary help geared toward bettering family resilience and assembly important wants.
As a licensed cost service supplier, MoMo PSB is leveraging its digital infrastructure to assist guarantee reduction funds attain beneficiaries effectively, securely and conveniently, no matter their location.
Commenting on MoMo PSB’s position within the disbursement course of, Bode Abifarin, Chief Executive Officer, MoMo PSB, stated: “Our role in this initiative is to provide a reliable and accessible payment channel through which eligible beneficiaries can receive their relief funds. Our digital payment infrastructure will make it easier for beneficiaries to access their payments conveniently and securely.”
Beneficiaries chosen below the programme will probably be contacted by means of permitted channels and guided by means of a simple onboarding course of.
Individuals receiving their funds by means of MoMo PSB will probably be required to present consent by dialling 6710#, after which they’ll create a MoMo account through the MoMo PSB NG App or by dialling *671# on their MTN strains.
Once the method is accomplished, beneficiaries can seamlessly entry and handle their funds by means of their MoMo accounts. Beneficiaries are additionally inspired to rely solely on official communications concerning the intervention.
The Federal Government has reiterated that members usually are not required to pay charges or have interaction third events to entry the assist.
Beneficiaries must also keep away from sharing private safety particulars similar to their PIN, BVN or account credentials with anybody claiming to facilitate funds.
Through its participation within the NERSI programme, MoMo PSB helps to broaden entry to digital monetary companies whereas supporting the Federal Government’s efforts to ship well timed reduction to susceptible Nigerians.
The initiative additional demonstrates the position of technology-enabled monetary companies in advancing inclusion and connecting extra Nigerians to alternatives that enhance their high quality of life.
