How to activate and use Airtel Smartcash PSB Wallet in Nigeria

Smartcash PSB, which is a part of the Airtel Nigeria family, is a payment service bank given the green light by the Central Bank of Nigeria (CBN). What’s its deal? Well, it’s like a financial institution. It can take deposits, set you up with a savings account, hand out those nifty debit cards, and even help you pay your bills to your favorite stores.

But here’s the exciting part: Smartcash PSB is on a mission. They want it to be accessible to everyone in Nigeria, no matter where they live.

If you’re interested in Smartcash and want to get started, In this article, you’ll discover how to open a new Smartcash wallet, fund it, make withdrawals, and efficiently use it for bill payments. It’s all about simplifying banking, making it accessible to everyone, regardless of their location.

What is Airtel Smartcash Payment Service Bank about?

In their own words, SmartCash is a leading and innovative Payment Service Bank with an overarching vision of bridging the financial divide by providing rural and urban Nigerians secured and reliable banking services as well as supporting the Central Bank of Nigeria’s (CBN) drive to ensure financial Inclusion for every Nigerian. With its corporate headquarters in Lagos, Nigeria, SmarCash’s overarching objective is to ensure financial inclusion for everyone including persons in the furthest and remotest parts of Nigeria.

To begin using Airtel SmartCash, simply dial the Airtel USSD code (*909#) from your mobile phone. This will open up a menu with a range of options for you to choose from. You can select the desired service by entering the corresponding number on your phone’s keypad.

What activities/transactions can I perform with the Smartcash wallet?

• Buy Airtime/Data
• Transfer to Smartcash PSB Wallet or other bank accounts
• Pay Bills (e.g., Cable TV, Electricity bill, Internet Services)
• Fund your wallet from any bank or agent location.
• Receive money on your Smartcash PSB wallet from other banks
• Upgrade your wallet from Tier 1, 2 and 3
• View transaction history
• Cardless Payments – QR Code (Scan & Pay).

What are the requirements to create a Wallet?

• Tier 1 Wallet Deposit N50,000 / Cumulative Balance N300,000 Requirement- Mobile Number, Name
• Tier 2 Wallet Deposit 200,000 / Cumulative Balance N500,000 Requirement- BVN, Passport Photo, Valid ID card.
• Tier 3 Wallet (No limit).

How to Open a Smartcash Wallet using USSD

• Dial *939#
• Input your preferred pin (4-digit number)
• Confirm the pin. (Ensure it is something you can remember)
• Answer one security question like ‘What is your mother’s maiden name? Where did you go to elementary school?’
• A wallet has been created. A new NUBAN Number will be displayed on your screen. Your phone number is also your account Number.

How to Fund Your Smartcash Wallet Using USSD

• Dial *939#
• Select Option 1 for “Add Money”
• Locate a Smartcash agent and hand your money over to them
• Provide your phone number (wallet number) to be funded.
• Your account will be immediately funded and you’ll receive a text to confirm the amount funded.

How to Locate a Smartcash Agent Via App

• Download the Smartcash PSB app from either the Google Play Store or the Apple App Store
• Open your Smartcash App
• Select Find an Agent. Ensure that your location icon is turned on
• Type location
• Select any agent located nearby

How To Fund Your Smartcash Wallet Using Bank App

• Open your regular bank app
• Select the amount you want to fund
• Input your phone number as your account number
• Search for Smartcash PSB
• Input your PIN to complete the transfer
• Your account has been funded

How to Request a Friend to Fund Your Smartcash Wallet

• Dial *939#
• Select option 1 to Add Money
• Select option 2 to Request Funds from a Friend
• Input the friend’s phone number
• Input the amount you want to request
• Input your PIN to confirm the request

How to Withdraw from Your Smartcash Wallet via USSD

• Dial *9393#
• Select option 5 to Withdraw Cash
• Input the amount that you want to withdraw. (Max of 20,000 Naira)
• Input PIN
• Wait for a text with your unique Paycode
• Present the Paycode to your agent
• Receive your cash from the agent

How to transfer Money from Your Smartcash Wallet via USSD

• Dial *939#
• Select option 4 to Transfer Money
• Select the option of whom you want to transfer to (1- Smartcash PSB, 2 -other banks. 3- phone number)
• Input the recipient’s account number
• Select the recipient’s bank
• Input amount
• Enter your PIN to confirm the transaction

How to Check Your Smartcash Wallet Balance Using USSD

• Dial *939#
• Select 2 to the Check Balance
• Enter PIN to reveal the Balance

Your Smartcash Balance will be on your screen display

How to Pay Bills from Your Smartcash Wallet using USSD

• Dial *939#
• Select option 6 to Pay Bills
• Select your preferred bill merchant {1- Electricity (Prepaid & Postpaid), 2- CableTV, 3-Betting & Lottery. 4- Internet Prepaid, 5- Government Payments & Utilities, 6- Travel and Hotel
• Select 2. CableTV
• Choose DSTV, GoTv, etc
• Input card number
• Select the bouquet of choice and the corresponding amount
• Input your PIN to confirm the transaction.
• You can save the bouquet as a favorite for a short experience next time

How To Buy Airtime from Your Smartcash Wallet

• Dial *939#
• Select option 3 to Buy Airtime
• Select option 1 for Airtime and option 2 for Data Bundle
• Input whom you are buying for (1 for self, 2 for others)
• Input the phone number
• Select the service provider
• Input amount (max of 20,000 Naira)
• Input PIN to confirm the transaction