Forms Capital & MobileMoney Fintech rebrand ‘XtraBalance’ as ‘MoMo Boost’ to drive customer adoption

Forms Capital Limited, in partnership with MobileMoney Fintech Limited, has officially rebranded its mobile money overdraft service, 'XtraBalance', as 'MoMo Boost', in a move aimed at improving customer understanding, strengthening brand recognition, and driving wider adoption among MTN MoMo users.

MoMo Boost continues to provide eligible MTN MoMo customers with instant access to an overdraft facility that enables them to complete transactions even when their mobile money wallet balance is insufficient.

The service supports a wide range of mobile money transactions, including money transfers, cash withdrawals, merchant and business payments, utility bill payments, airtime and data purchases, government and tax payments, and other eligible MTN MoMo wallet transactions.