How to use MTN borrow credit shortcode service that allows customers on the mobile network to borrow airtime when in urgent need of airtime is called MTN Xtratime. Details of how this system works are explained below.
How To Pay Back Airtime From MTN Nigeria And Payback Later
MTN XtraTime allows eligible customers on their network to access airtime on credit when their account balance is too low for them to ordinarily continue with an on-going call. The airtime received on credit via the Xtratime platform can be used for all chargeable activities on their network.
- MTN Borrow Credit Shortcode – *606#
When a customer who is eligible for Xtratime credit makes a request using the borrow me credit code, loaded in a special XtraTimeaccount. Customers can also check their Special XtraTime account balance by dialing the code *606#.
- Who can use MTN XtraTime code *606#?
The MTN XtraTime service is currently available only to active prepaid MTN Nigeria customers. Prepaid subscribers on the network can borrow airtime when their account balance is low.
Other eligibility criteria for this service include:
- SIM must be prepaid
- SIM must be registered
- The customer’s main account balance must be between N0 and N12
- The customer’s average monthly spend will also be considered
- The customer must have paid up any previous Time associated charges.
How to access MTN XtraTime With The MTN Borrow Credit ShortCode
Customers can access the MTN XtraTime platform by dialing *606#. The service Menu will then be displayed on your phone screen:
Customers will then be able to check eligibility status, request for Airtime (XtraTime), request for Data (XtraByte), and also learn more by selecting “Next”.
Airtime that is advanced with MTN XtraTime can be used for all chargeable activities on the network. Once the credit is exhausted, the customer will not be able to perform any other chargeable activities until the borrowed amount is paid for.
MTN XtraTime Service charge
The service attracts a service charge of 15% of the airtime borrowed. For example, if an N100 XtraTimecredit is requested, a service fee of N15 is first deducted, and the remaining N85 is then credited to the customer’s special XtraTime account.
- Paying back MTN Borrowed Credit
Customers can make use of the usual balance inquiry command (*556#) to check the outstanding XtraTime amount owed. This command will bring about a negative value showing the outstanding amount. This owed amount will be recovered the next time the customer makes a recharge. In cases where the recharged amount is less than the outstanding XtraTime amount, then subsequent recharges will be used to recover whatever outstanding balance remains.
The MTN Group Limited is formerly known as M-Cell. It is a South Africa-based multinational mobile telecommunications company that is currently operating in many African, European, and Asian countries. The head office of the MTN group is located in the city of Johannesburg, South Africa. As of the 30th of June 2016, MTN recorded a total of 232.6 million subscribers across its all operations. Although MTN operates in well over 20 countries worldwide, one-third of its total revenue comes from Nigeria, where it holds about 35% market share. The company continues to lead the way in the telecommunications industry of Nigeria.
On the 22nd of October 2015, MTN emerged as the Most Admired and also the Most Valuable African brand, valued at US$4,672m. It was the company’s second award in a space of two years. Brand Africa also announced at the 4th Annual Brand Africa 100Africa’s Best Brands gala event held in Johannesburg, South Africa that MTN is the overall best brand on the continent and reclaims the number one spot as the Most Admired Brand in Africa.
The company has also won a number of brand awards in recent years. These include the company being named the only African brand in the 2014 BrandZ Top 100 Most Valuable Global Brand ranking, the only South African company on the World Champions list and also the Most Admired and Most Valuable Brand in Africa, in the 2014 Brand Africa 100 ranking of the most admired and the most valuable brands in Sub-Saharan Africa.
7 Facts You Should Know About Mtn Nigeria
Nigeria’s largest telecom company, MTN, is currently in its 17th year of operation in the country. Although the company has gone through a few difficult times in the past three years, it still remains the largest and most widely available telecom network in the country.
MTN Nigeria is a part of the larger MTN Group, the South African telecom conglomerate. It began operations in Nigeria in the year 2001 after spending $285m for one of four GSM licenses in the country in the month of January 2001.
- Has 55.2 Million Subscribers in Nigeria
MTN with a doubt is the largest telecom company in Nigeria. According to statistics for the month of July 2018, the telecom company boasted 55.2m subscribers. In perspective, Nigeria alone accounts for more than 25% of the total MTN Group subscriber base globally.MTN Nigeria says it increased its subscriber base by 4.3 million to a record 54 million subscribers at the end of the month of March 2018, thanks to its SIM registration footprint and also the rollout of additional 3G and 4G sites across the country.
- Has Made N567 billion this year
Despite the revenue base of the company being hit hard due to a huge NCC fine, the telco has been gradually picking up with its finances. In the first half of 2018 alone, the telecom company made a revenue of N567 billion, which is a 17 percent boost from the same period last year.
- Bharti Airtel of India Tried to Buy the MTN Group in 2008
MTN Nigeria’s mother company, MTN Group, was almost sold to the Indian company, Airtel, way back in 2008. According to the facts of the proposed deal, Airtel considered a $19 billion bid for a 51% share of MTN Group but the deal fell through.
- MTN is Africa’s Most-Valued Brand
In the year 2015, MTN was voted as Africa’s most valuable brand by Brand Africa. That was the second time the company would win the award.
- Operates in 21 Countries Globally
MTN doesn’t just operate in Nigeria and South Africa alone. The telecom company also operates in several other African countries and a few countries in the Middle East. As of this year, its total global subscriber base is around 223 million.
- MTN Nigeria Will be Listed on the Nigerian Stock Exchange
Following the terms of the company’s deal with the NCC, MTN will list its Nigerian subsidiary on the Nigerian Stock Exchange later this year. The listing is expected to be worth $5.2 billion and would be used to shore up the resources of the company in the country.
Conclusion On How To Borrow Airtime On MTN Nigeria And Payback Later Credit
MTN Nigeria is a subsidiary of the larger MTN group with its headquarters in South Africa. The company is the leading telecoms service provider in Nigeria with about 35% of the market share. The company offers a lot of top-notch services to its subscribers all over the country. One of such services is the Xtratime service that allows a subscriber on the MTN network to borrow airtime and payback later.
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