Category: MTN

MTN aYo is an insurance scheme by aYo and MTN. With aYo Send with Care, you can get insurance cover for the money you send to loved ones using MTN Mobile Money. To use this service, Dial *170# and choose to Send your money with Care.

What is MTN aYo?

aYo Send with Care promises to keep sending money to your loved ones, even when you can’t. If you add aYo Send with Care cover to the money you send home via MTN Mobile Money, aYo will triple the amounts you’ve sent over the last 4 months, and pay it to your beneficiaries over the next 12 months on receipt of a valid claim.

Benefits of MTN aYo

Cover:

By sending money through “Send with Care” you will be purchasing cover valid for 120 days, every time you send money to a beneficiary (either an individual person or to a school for school fees).

Cover for money sent to individuals through MTN Mobile Money:

If you send money to a beneficiary using Send with Care and then pass away or spend at least 1 night in hospital because of a physical injury caused by a trauma event, the accumulated cover will be paid into your beneficiary’s MTN Mobile Money Account.

Cover for your school fees paid through MTN Mobile Money:

If you pay your school fees through Send with Care and then pass away or spend at least 1 night in hospital because of a physical injury caused by a trauma event, your accumulated cover will be paid into the School’s MTN Mobile Money Account for your children’s school fees.

Receive bonus value:

By using Send with Care you will receive bonus value (MyBonus). MyBonus becomes available to you once it reaches a specified threshold and you can choose to have it cashed out into your MTN Mobile Money account.

Claims made easy:

Claims can be done directly from your cell phone. Your beneficiary or MyCaretaker (trusted person) can claim on your behalf in the event that you are unable to do so.

MTN aYo Cost or Premium

aYo Send with Care only costs a small portion of the money you send home via MTN Mobile Money. Pay just 5% (This amount is deducted from your MTN Mobile Money balance) of the amount you send, for example:

• If you send GHS50, the cost for Send with Care will be GHS2.50
• If you send GHS400, the cost for Send with Care will be GHS20
• If you send GHS900, the cost for Send with Care will be GHS45

It’s an affordable way for you to share the care and make sure your family is looked after.

About your aYo Caretaker

This is a person you trust. MyCaretaker can claim on your behalf when you are unable to do so. MyCaretaker can ensure that your beneficiaries receive the Send with Care proceeds due to them in the event of you being in hospital for at least one night because of a physical injury caused by a trauma event, or if you pass away.

You will need the following information to enter their details:

• First name,
• Last name,
• Cell phone number and
• Date of birth.

Follow the “MyCaretaker” option in the Send with Care section in the MTN Mobile Money USSD menu.

Bonuses

Earn MyBonus value each time you Send with Care. The value of MyBonus builds up to a specific value, at which point you can cash it out to your MTN Mobile Money account.

Conclusion

MTN aYo Send with Care promises to keep sending money to your loved ones, even when you can’t. Add aYo Send with Care cover to the money you send home via MTN Mobile Money, and MTN aYo will triple the amounts you’ve sent over the last 4 months, and pay it out to your beneficiaries (the recipients of your payments) in 12 equal monthly payments should anything happen to you. Life cover will be paid out in the unfortunate event that you pass away, and hospital cover will be paid out if you have to spend one night or more in hospital due to an accident. Note: this cover is for accidents specifically and does not cover illness.

Read the full terms and conditions of aYo here.

You can learn how to register MTN Mobile Money by clicking here.

 

MTN Mobile Money registration is quick and easy if you follow the right steps. With statistics showing that Ghana’s e-commerce is largely dominated by Mobile Money transactions, it is only fair and wise that we are all registered for it. Follow these simple six steps (if you don’t already have a well registered MTN Sim Card) for your MTN Mobile Money Registration in Ghana.

Remember you need to have a valid National ID Card, Driver’s License, Passport or Voter’s ID Card to be able to correctly register.

How to Register for MTN Mobile Money

1. With a valid photo ID card (Voter ID, Drivers’ License, Passport) go to the nearest MTN Mobile Money Authorised Merchant.
2. The Merchant captures your personal details and gives you a Mobile Money SIM card.
3. Insert your Mobile Money SIM in your phone. You will receive an SMS asking you to register.
4. Go to “My MTN” on your mobile phone and select “Mobile Money”.
5. Select “Register” and enter your photo ID type and number.
6. Select and repeat Mobile Money PIN (4 digits).
7. You will receive a welcome message on your phone.

You need to keep your MTN Pin Safely so that no one else can access your MTN Mobile Money Wallet.

Advantages of Using MTN Mobile Money

• It’s hassle-free. MTN Mobile Money is easy to use once you get your account registered. You can simply set your pin and send and receive money seamlessly.
• MTN Mobile Money is safe. With a pin set, no one can withdraw your money without your permission. Also, when you make a “wrong” transaction, you can still call MTN call centre and it will be almost immediately solved for you.
• You can link it to your bank account and withdraw from any ATM. We wrote a detailed post on how to withdraw money from an ATM via MTN mobile money. You can check it out here.

Do you have difficulties registering for MTN Mobile Money? Call the MTN Ghana call centre on 100.