MoMo PSB launches ₦10 bus rides for UNILAG students through new EV partnership

MoMo Payment Service Bank, a subsidiary of MTN Nigeria, has rolled out a new campus mobility initiative that allows students of the University of Lagos (UNILAG) to pay only ₦10 for each bus trip. The company announced that the offer is part of a partnership with Ogata Electric Vehicles, which operates shuttle buses on the campus.

Under this arrangement, students pay the standard ₦100 fare at the bus stop using their MoMo wallet, either by transfer or QR code. Immediately after payment, they receive a ₦90 cashback, effectively reducing the cost of each ride to just ₦10. The service operates on popular university routes, including the busy stretch between the Main Gate and the campus.

MoMo PSB says its goal is to ease financial pressure on students, especially amid nationwide increases in transport costs. The organization describes the shuttle subsidy as part of its broader push to make essential services cheaper and more accessible for young Nigerians.

Electric mobility and digital payments come together through MoMo

The partnership also expands MoMo PSB’s sustainability efforts, as all shuttle buses running the service are electric vehicles. Ogata’s EV fleet is expected to reduce campus emissions while providing quieter, more environmentally friendly transportation for students.

For MoMo PSB, the initiative serves two purposes: Supporting student mobility and encouraging more young people to adopt digital payments for everyday transactions. The company says this aligns with its long-term financial inclusion goals, especially for users who rely on its wallet for transfers, savings, and bill payments.

Ogata Electric Vehicles reported that integrating with MoMo has eliminated the delays and confusion often associated with cash payments. With electronic payments, buses load more quickly and long queues move efficiently during peak hours.

Also read: MTN Uganda set to launch MoMo as an independent fintech company

The new fare structure matters most to students who travel several times a day. For example, a student who rides four times daily saves ₦360, which totals over ₦7,000 each month. These savings can help students pay for food, data, or other important needs.

In addition to its transport offer, MoMo PSB now has two discounted data bundles in its app. Users can get 1GB for ₦200 or 2.5GB for ₦500, which is cheaper than on other platforms. The payments company says this is part of its ongoing effort to make digital access more affordable for young Nigerians.

The company says students can access these bundles and other services by downloading the MoMo PSB app from the App Store or Google Play Store, or by visiting its social media platforms.