MTN MoMo vs Equity Mobile
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
MTN MoMo
Easily send money to friends and family, top up airtime, and purchase bundles. This app also allows you to pay bills and merchants, offering a comprehensive solution for managing your finances and tracking your money.
- Send money to friends and family
- Top up airtime
- Purchase bundles
- Pay bills
- Pay merchants
- Manage money
Read full descriptionHide full description
Welcome to the world of MoMo. With MoMo you can send money to friends & family, topup airtime, purchase bundles, pay your bills, merchants and much more. It's a one-stop shop for everything you need. MoMo makes it easy to keep track of your money. You can use MoMo services to manage your money..
Equity Mobile
Manage your finances and lifestyle needs from a single platform. This app allows you to view balances, pay bills, transfer funds, and even open accounts instantly. Securely access your financial information and perform transactions on the go.
- Instant account opening
- View account balances and transactions
- Pay bills and buy goods
- Send money locally and internationally
- Block lost cards
- Borrow and manage loans
- Biometric sign-in
Read full descriptionHide full description
Equity mobile has revolutionised digital banking. This app gives you complete control of your financial and lifestyle needs. Simply view your balances, pay your bills, buy airtime, send money and so much more, all from one convenient platform. With Equity mobile, you will be able to: Conveniently and securely do your banking - Open a bank account in an instant - Create your profile from the comfort of your home at any time - Have a full view of your accounts, balances and transactions - Download account statements and transaction receipts - Lost your card? Block it temporarily Grow - Borrow with ease - View and pay your loan balances Transact on the go - Send money -- To your own or other Equity accounts -- To other banks, locally or internationally -- To mobile money -- To your prepaid or credit card(s) - Pay with Equity -- Pay your bills -- Buy goods -- Pay to an M-PESA till - Buy airtime - Save people and businesses to your list of favourites Quick and easy access - Sign-in with fingerprint or facial recognition - Change the app to your preferred language (we support English, French, Kinyarwanda, Swahili and 中文)
Screenshots
Verdict
The clearest difference is review sentiment: Equity Mobile at 74% against MTN MoMo's 8%. Equity Mobile also leads on rating (4.8 vs 3.1) and update cadence (fortnightly vs every 4 months). MTN MoMo's advantage is iOS requirement (10.0 vs 13.0). On price, ads, in-app purchases and monetization model there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Equity Mobile holds the better App Store score, 4.8 against 3.1. That said, the two scores are not equally well evidenced: Equity Mobile has 6.2K ratings behind it against 572, so its average is the more settled of the two. Written reviews point the same way: 8% of MTN MoMo's written reviews are positive against 74% of Equity Mobile's.
MTN MoMo ships an update every 4 months, Equity Mobile fortnightly. The most recent releases landed on September 27, 2026 and September 30, 2026 respectively.
| Parameter | MTN MoMo | Equity Mobile |
|---|---|---|
| Price | Free | Free |
| Rating | 3.1 (572 ratings) | 4.8 (6.2K ratings) — better |
| Positive reviews | 7.7% of reviews | 74.2% of reviews — better |
| Number of ratings | 572 | 6.2K — better |
| Update frequency | Every 4 months | Fortnightly — better |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 10.0 — better | 13.0 |
| Further details — not scored | ||
| Size | 21 MB | 203 MB |
| Age rating | 4+ | 4+ |
| Developer | MTN | Equity Group Holding |
Customer experience
MTN MoMo
Equity Mobile
User reviews
MTN MoMo
From 572 App Store ratingsWhat we love
- 👍 Useful for money transfers
- 💡 Suggestion for resending from transaction history
- 👍 Decent app interface and design
Room to improve
- 🐛 Frequent crashes and bugs
- 🔒 Security issues with saved login details
- 🔍 Difficult to log in and register
- 🚫 Restricted to only MTN data, not compatible with WiFi
- 💰 High transaction fees
Equity Mobile
From 6.2K App Store ratingsWhat we love
- 👍 Easy and simple to use
- 🚀 Fast and efficient
- 💳 Convenient mobile banking
- 🤝 Excellent customer service
- 🔒 Reliable and secure
Room to improve
- 🐛 Bugs and glitches
- 🔍 Incomplete functionality
- 💸 Expensive fees
- 🕰️ Slow app performance
- 🔑 Login issues
Bugs and requests
MTN MoMo
Reported bugs
5 issues- App not working on iOS 16
- Incorrect pin errors
- Unable to log in or register
- Fails to send OTP codes
- Deducts money without completing transactions
Requested features
5 requests- Add ability to cancel scheduled transfers
- Expand bank integration for transfers
- Improve security with biometric login
- Allow usage on WiFi networks
- Reduce transaction fees
Equity Mobile
Reported bugs
5 issues- Unable to log in after app updates
- Verification options not working
- Buy goods and Paybill services not functioning
- Transactions not reflecting in account
- App crashes on launch
Requested features
5 requests- Download and view transaction receipts
- Access account statements for specific dates
- Integrate with mobile money services
- Add virtual card feature
- Improve multi-factor authentication
In-app purchases
MTN MoMo
No in-app purchases
Equity Mobile
No in-app purchases
