Y’ello Digital Financial Services, a subsidiary of MTN Nigeria has removed user fees for Cash2Cash – a local money transfer service offered by its MoMo Agent Network.
A statement issued by the company stated that the waiver which took effect immediately is in response to the escalating global pandemic adding that this would enable people without a bank account to send and receive money across the country at no extra cost for the next four weeks.
The company said all cash transfer fees would be absorbed by the YDFS as one of several new measures the company was introducing to support Nigerians as cases of COVID – 19 continue to rise around the world.
Commenting on this , the chief executive officer, Y ’ello Digital Financial Services, Usoro Usoro stated, “The events surrounding COVID – 19 are unprecedented and will undoubtedly disrupt daily life and pose a myriad of challenges to people and business alike.
With the Y’ello hope package, we are working to introduce measures that support our customers and communities, through this difficult time. Free Cash 2 Cash allows users to continue to make money transfers, safely to help their loved ones meet financial obligations without fretting about the charges. Leadership