Airtel Smartcash Review And Services

Table of Contents

Overview On Airtel Smartcash

Airtel Smartcash is a feature that allows you to use your Airtel line to make payments, transfer money, and more.

It’s powered by Airtel Money, which is a mobile money platform that enables you to use your phone to carry out various transactions, including sending and receiving money, paying bills, and topping up your mobile phone.

Airtel Money is regulated by the Central Bank of Nigeria, and it’s safe, secure, and easy to use.

Airtel Smartcash is a payment service bank (PSB) launched by Airtel Africa in Nigeria in 2023.

It is licensed by the Central Bank of Nigeria to provide basic financial services to individuals and small businesses, such as:

Account opening and deposit taking
Payment and remittance services
Issuance of debit and prepaid cards
Airtime and data recharge
Bill payments.

Airtel Smartcash is available to all Airtel Nigeria customers, regardless of their banking status.

Benefits Of Using Airtel Smartcash

Here are some of the benefits of using Airtel Smartcash:

Convenient and accessible: You can open and use your Smartcash wallet from anywhere in Nigeria, with or without a bank account.
Affordable: Smartcash charges competitive fees for its services.
Secure: Smartcash uses the latest security technologies to protect your money and personal information.
Wide range of services: Smartcash offers a wide range of financial services, including account opening and deposit taking, payment and remittance services, issuance of debit and prepaid cards, airtime and data recharge, and bill payments.
Easy to use: The Smartcash wallet is easy to use and navigate, even for people with no prior experience with digital financial services.
Large network of agents: Airtel Smartcash has a large network of agents across Nigeria, making it easy to deposit and withdraw cash, as well as to access other financial services.

Here are some specific examples of how Airtel Smartcash can benefit you:

If you are a student, you can use Smartcash to receive your allowance from your parents or to pay for school fees and other expenses.
If you are a small business owner, you can use Smartcash to receive payments from your customers and to pay your suppliers.
If you are a farmer, you can use Smartcash to receive payments for your crops and to buy agricultural inputs.
If you are a migrant worker, you can use Smartcash to send and receive money to and from your family back home.

How To Create An Airtel Smartcash Account

To create an Airtel Smartcash account, you can use either the USSD code or the Smartcash app.

To Create Smartcash Account Using USSD:

Dial *939# on your Airtel phone.
Select “Create Wallet”.
Enter your desired 4-digit PIN.
Confirm your PIN.
Answer a security question.
Your wallet will be created and you will receive a confirmation message.

To Create Smartcash Account Using the Smartcash App:

Download the Smartcash app from the Google Play Store or the Apple App Store.
Open the app and select “Create Account”.
Enter your Airtel phone number and create a PIN.
Verify your phone number by entering the OTP sent to your phone.
Answer a security question.
Your wallet will be created and you can start using it immediately.

Once your wallet is created, you can fund it using a variety of methods, including bank transfer, USSD, and cash deposit at an Airtel Smartcash agent.

Here are some additional tips for creating an Airtel Smartcash account:

Make sure you have a valid Airtel phone number.
Choose a strong PIN that is easy for you to remember but difficult for others to guess.
Keep your security question and answer confidential.
Do not share your PIN or security question with anyone.

If you have any problems creating an Airtel Smartcash account, you can contact Airtel customer support for assistance.

How To Fund Your Airtel Smartcash Account

There are three ways to fund your Airtel Smartcash account:

1. Bank transfer

To fund your Airtel Smartcash account using bank transfer, follow these steps:

Log in to your bank account online or via the mobile app.
Select “Transfer money” or “Send money”.
Select “Bank transfer” or “Other bank transfer”.
Enter “Smartcash PSB” as the recipient bank.
Enter your Airtel Smartcash phone number as the recipient account number.
Enter the amount you want to transfer.
Confirm the transfer and enter your bank’s PIN or One Time Password (OTP).

2. USSD

To fund your Airtel Smartcash account using USSD, follow these steps:

Dial *939# on your Airtel phone.
Select Option 1 for “Add Money”.
Select Option 1 for “Bank Transfer”.
Enter your Airtel Smartcash phone number.
Enter the amount you want to transfer.
Enter your bank account details.
Confirm the transfer and enter your bank’s PIN or OTP.

3. Cash deposit at an Airtel Smartcash agent

To fund your Airtel Smartcash account using cash deposit at an Airtel Smartcash agent, follow these steps:

Locate an Airtel Smartcash agent near you.
Tell the agent that you want to fund your Airtel Smartcash account.
Hand the agent the amount of cash you want to deposit.
Provide the agent with your Airtel Smartcash phone number.
The agent will fund your account and give you a receipt.

Once your Airtel Smartcash account is funded, you can use it to send and receive money, pay bills, recharge airtime and data, and buy goods and services.

How To Use Your Airtel Smartcash Wallet

To use your Airtel Smartcash wallet, you can either use the Smartcash app or dial *939# on your Airtel phone.

Using the Smartcash app:

Download the Smartcash app from the Google Play Store or Apple App Store.
Create an account or log in to your existing account.
Select the transaction type you want to perform, such as send money, pay bills, or buy airtime.
Follow the prompts to complete the transaction.

Using USSD:

Dial *939# on your Airtel phone.
Select the transaction type you want to perform, such as send money, pay bills, or buy airtime.
Follow the prompts to complete the transaction.
Here are some specific examples of how to use your Airtel Smartcash wallet:

To send money to another Smartcash wallet:

Select the “Send money” option from the Smartcash app or USSD menu.
Enter the phone number of the person you want to send money to.
Enter the amount of money you want to send.
Enter your Smartcash PIN to confirm the transaction.

To pay a bill:

Select the “Pay bills” option from the Smartcash app or USSD menu.
Select the biller you want to pay.
Enter your account number or other required information.
Enter the amount of money you want to pay.
Enter your Smartcash PIN to confirm the transaction.

To buy airtime or data:

Select the “Buy airtime/data” option from the Smartcash app or USSD menu.
Enter the phone number you want to buy airtime or data for.
Select the amount of airtime or data you want to buy.
Enter your Smartcash PIN to confirm the transaction.

You can also use your Airtel Smartcash wallet to withdraw cash from Airtel Smartcash agents. To do this, simply select the “Withdraw cash” option from the Smartcash app or USSD menu and follow the prompts.

Airtel Smartcash Fees

Airtel Smartcash charges the following fees for its services:

Account opening fee: Free
Wallet maintenance fee: Free
Money transfer: N10 for transfers to other Smartcash wallets and to bank accounts in Nigeria
Bill payment: N10 per transaction
Airtime and data recharge: Free
Cash withdrawal: N100 for withdrawals above N20,000

Note that these fees are subject to change at any time. It is always best to check with Airtel Smartcash for the latest fee schedule.

Here are some tips for reducing your Airtel Smartcash fees:

Use your Smartcash wallet to send and receive money from other Smartcash wallets. This is the most affordable way to transfer money using Airtel Smartcash.
Pay your bills in bulk. This will help you reduce the number of transactions you make and save on fees.
Take advantage of Airtel Smartcash promotions. Airtel Smartcash often offers promotions with waived or discounted fees.

Conclusion On Airtel Smartcash

Airtel Smartcash is a new and innovative financial service that is making it easier for Nigerians to access and use financial services.

It is a convenient, affordable, and secure way to send and receive money, pay bills, recharge airtime and data, and buy goods and services.

Airtel Smartcash is especially beneficial for individuals and small businesses who do not have access to traditional banking services.

It is also a good option for people who want to have a more affordable and convenient way to manage their money.

Overall, Airtel Smartcash is a valuable financial tool that can help Nigerians improve their financial well-being.