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MTN MoMo vs Wise
MTN MoMo and Wise are both payment receiving platforms. Fees — MTN MoMo: Tiered cash-out fees ~0.5-2%. Wise: Low conversion fees at the mid-market rate.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- Fees — MTN MoMo: Tiered cash-out fees ~0.5-2%. Wise: Low conversion fees at the mid-market rate.
- Both pay out via Bank transfer. Only MTN MoMo offers Agent cash-out and ATM. Only Wise offers Debit card.
- MTN MoMo is the older platform — founded in 2009, 2 years before Wise (2011).
- MTN MoMo is based in South Africa, Wise in United Kingdom.
- MTN MoMo focuses on Ghana, Uganda and Cameroon, while Wise operates internationally.
Which should you choose?
Choose MTN MoMo if…
- You want to withdraw via Agent cash-out and ATM.
- You live in Ghana, Uganda or Cameroon.
Choose Wise if…
- You want to withdraw via Debit card.
Side by side
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MTN MoMo
MTN mobile-money service across many African markets for receiving and sending money.
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Wise
A multi-currency account with local bank details in 9+ currencies - clients pay you like a local, and conversi…
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|---|---|---|
| Type | Payment receiving like Payoneer | Payment receiving like Payoneer |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | No | Yes |
| Fees | Tiered cash-out fees ~0.5-2% | Low conversion fees at the mid-market rate |
| Withdraw via | Agent cash-out, bank transfer, ATM | Bank transfer, Debit card |
| Availability | 14 African countries | 160+ countries |
| Local to | Ghana, Uganda, Cameroon, Ivory Coast | — |
| Founded | 2009 | 2011 |
| Headquarters | Johannesburg, South Africa | London, United Kingdom |
| Stock ticker | — | LSE: WISE |
| Popularity | 46 views · 0 likes | 35 views · 0 likes |
Frequently asked questions
Which is cheaper, MTN MoMo or Wise?
MTN MoMo: Tiered cash-out fees ~0.5-2%. Wise: Low conversion fees at the mid-market rate.
Where are MTN MoMo and Wise available?
MTN MoMo: 14 African countries. Wise: 160+ countries.