Redtech, MoMo PSB, and United Bank for Africa (UBA) have launched a payment interoperability partnership that expands cardless payment access for consumers and merchants across Nigeria. Redtech is backed by Heirs Holdings; MoMo PSB is MTN Nigeria’s fintech subsidiary.
MoMo PSB customers can now make payments directly from their MoMo wallets at participating UBA merchant locations using the “Pay with MoMo” feature on RedPay POS terminals; they can also visit any UBA branch to make withdrawals and deposits from and into their MoMo accounts.
For online shoppers, e-commerce merchants can now receive payments directly from MoMo PSB customers through Redtech’s payment gateway infrastructure.
The partnership brings together Redtech’s payment technology and enablement capability, UBA’s merchant acquiring and distribution layer, and MoMo PSB’s mobile money wallet ecosystem and customer base.
Redtech holds licences as a Payment Terminal Service Provider (PTSP) and Payment Solution Service Provider (PSSP) from the Central Bank of Nigeria, authorising it to provide both POS and payment gateway services.
Together, the three organisations are addressing a critical gap in Nigeria’s payments market – connecting banking-led merchant acceptance with telco-led mobile money wallets.
For MoMo PSB customers, Pay with MoMo increases the number of places where their wallets can be used for everyday payments. For merchants, it opens access to a wider pool of customers and provides an additional payment option at the point of sale.
Emmanuel Ojo, CEO of Redtech, said: “This partnership is about making payments work more seamlessly for everyday commerce. It aligns with Africapitalism, as championed by the Chairman of Heirs Holdings, Mr. Tony Elumelu, CFR. By integrating our RedPay technology with MoMo PSB’s wallets through the UBA network, we will offer merchants and customers greater choice. Our goal is to build the payment infrastructure that ensures a merchant never has to turn away a customer in Nigeria or across Africa because of the payment method they prefer.”
Omolara Michael-Nwadu, Ag. CEO, MoMo PSB, said: “This partnership marks a significant step toward true interoperability in Nigeria’s payments ecosystem. By integrating MoMo wallets into UBA’s merchant network through Redtech’s infrastructure, we are removing barriers between bank-led and mobile money systems while unlocking access to over 55,000 merchant touchpoints.
Our focus is on driving usage at scale—enabling more transactions, deeper engagement, and greater value for merchants. At MoMo PSB, we are building a more connected financial ecosystem—where payments are no longer defined by platforms, but by seamless customer experience.
At MoMo PSB, our focus is on simplifying payments, expanding access to financial services and helping more Nigerians do more every day. Pay with MoMo gives our customers more places to use their wallets, while supporting broader financial inclusion by bringing useful financial services closer to where people live, work and do business.”
Also Speaking. Emmanuel Lamptey, Executive Director Designate, Digital Banking, UBA Group, said: “Our merchants are already serving millions of customers every day through the UBA network. By bringing Pay with MoMo into that network, we are giving those merchants a direct connection to MoMo PSB’s customer base – and giving MoMo PSB customers more places to use their wallets when they shop. That is a clear win for both sides.”
Pay with MoMo is being introduced through RedPay POS terminals already deployed within UBA’s merchant network.
More than 55,000 RedPay POS terminals have been deployed across the network, with the platform having processed over ₦278.47 billion in transaction value and more than 12.23 million transactions to date.
Built on infrastructure already operating at scale across merchant locations in Nigeria, the collaboration supports the broader push for more practical interoperability between banks, payment technology providers and mobile money operators.
Starting in Nigeria, Pay with MoMo is live at participating UBA merchant locations. The partners plan to extend the model into selected African markets where MoMo PSB and UBA operate as the rollout develops.
Featured Image(L-r): Omolara Michael-Nwadu, Ag. CEO, MoMo PSB; Kayode Olubiyi, Group Head, Digital Banking, UBA Group; and Emmanuel Ojo, MD/CEO, Redtech Limited.
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