Redtech, MoMo PSB And UBA Expand Merchant Payment Access Across Nigeria

Pay with MoMo now live across 55,000+ merchant locations and online commerce

Lagos, Nigeria, May, 2026. Redtech [1], MoMo PSB [2], and United
Bank for Africa [3] (UBA) have launched a payment interoperability
partnership that expands cardless payment access for consumers and
merchants across Nigeria. Redtech is backed by Heirs Holdings [5]; MoMo
PSB is MTN Nigeria [6]’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.”

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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.