PocketMoni Mobile Money Transfer & Buy with Phone

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PocketMoni is the Mobile Money service offering of eTranzact. Formally called M-Teller, PocketMoni Mobile Money is a service that enables you create an e-wallet on your mobile phone for making payments, fund transfer, as well as for receiving money. PocketMoni is one of the Mobile Money services in Nigeria like MTN Mobile Money, that will help you survive in a cash-lite or cashless Nigeria.


PocketMoni Mobile Money

The attraction in PocketMoni Mobile Money service for us is that it is accessible from most Networks and is supported by many banks. So, it is available to everyone irrespective of network or bank. The downside is that you require a Java enabled phone to use it.

How does PocketMoni work?

PocketMoni Mobile Money transforms your mobile phone into an electronic wallet. You can store funds in this e-wallet for making payments for goods and services, to transfer funds to other PocketMoni users as well as to bank accounts. You can also receive money from other mobile money users.

PocketMoni transactions are secured using 3DES encryption technology. Subscribers to the mobile money service also use PIN to secure their PocketMoni transactions. To use PocketMoni, the subscriber will have to download and install a Java application. Hence, the PocketMoni Mobile Money service requires a Java enabled mobile phone.

The PocketMoni application has an easy to use interface to help you complete your Mobile Money transactions. To make payments with PocketMoni, you have to fund it first. You can fund your PocketMoni Mobile Money account via a PocketMoni agent, a partner bank, an eTranzact card or other debit cards.

Once funded you can securely and conveniently send money to family and friends, buy airtime of any network, Pay bills like DSTV, Hi TV, MyTV, PHCN bills, etc.

Your PocketMoni Mobile Money account number is your phone number. The Mobile Money service comes with a monthly access charge of N150.

How to Download PocketMoni Mobile Money App?

To use PocketMoni Mobile Money service, you need to download and install the java application on your mobile phone so, make sure your mobile phone is Java enabled. To download the PocketMoni app, simply text your Reg followed by your first name and last name to 20220 for MTN, Airtel, and Etisalat or 31030 for Glo Mobile. For example, if your name is Corn Beef, simply text Reg Corn Beef to the appropriate code for your network.

You will immediately receive an SMS with a download link for the lightweight Mobile Money application. It was just 80kb for my download. After download follow the instruction to setup your PocketMoni Mobile Money account.

How to fund PocketMoni Account?

There are a number of ways to fund your PocketMoni account. One is to make a deposit with a PocketMoni mobile money agent. You deposit cash and the PocketMoni agent will fund your account. You can also visit a partner bank to make a deposit. Current partner banks include Skye Bank, Union Bank, FCMB, UBA, FirstBank, Access Bank, Intercontinental Bank, Zenith Bank, GTBank, Oceanic Bank, Fidelity Bank, and Keystone Bank.

You can also add a debit/ATM card to your Mobile Money application. This will enable you easily transfer money from your card to your PocketMoni Mobile Money e-wallet. So, adding a card to the application enables you fund your mobile money e-wallet using your debit/ATM card. eTranzact debit cards as well as InterSwitch Verve, Visa, and MasterCard can be added to your PocketMoni.

Have you used PocketMoni, what was your experience?

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Paschal Okafor is NaijaTechGuide Team Lead. The article PocketMoni Mobile Money Transfer & Buy with Phone was written by Paschal Okafor. The article was last modified: December 13th, 2021
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