Checkout the New mobile and no-internet payment method named mcash

mCash (short for microCash) is a mobile payment system for making low-value retail payments. It was designed to extend e-payment options to low-income buyers and sellers who typically deal with cash.

in partnership with all financial institutions in Nigeria and all four Nigerias major telecom (Airtel, glo, mtn and Etisalat) they have made sure that no matter the type of network provider a user uses, he or she can still make payment by dailing a simple 402 USSD short code.


You must have received your BVN pin before you can take part in this new payment method.
According to the report, NIBSS assured that transactions below N50,000 are open to 6 hours refunds ultimatum just in case there is error or fraud.


how does it work?

Merchants interested in using the platform can walk into any financial institution and get their seller code, a unique 8-digit number, for free. The code can then be displayed at the point of sale to enable customers make payments.

For users, making payments with mCash is done in a simple 5-step process.

All you need to do is input the 402 short code followed by the 8-digit seller code and the transaction amount. (as you can see below)



You will then be prompted to select your preferred bank account, (as you can see below)


You select which account to use (example below)


enter a pre-saved PIN (example below)



you receive payment confirmation. The process is all instant, debiting buyers and crediting sellers immediately. (as you can see below)




For transactions below N10,000, buyers will be charged N20 per payment. Sellers pays N50 while buyers are charged N20 for transactions above N10,000. Unfortunately, because mCash is a micro payment platform, transactions are set at the N50,000 limit.

MD of NIBSS, Ade Shonubi, speaking at the launch said mCash is a game-changer as it brings a much sought-after collaboration among telcos.


With Nigeria being the most mobilized country in the world, I think mcash won't have any problem winning the hearts of Nigerians, with no data connection, no need for POS. I think everything will just go smoothly.