Now, you can easily create a MoMo group fund right on your phone to manage expenses for your group of friends or family when needed. With just a few simple steps, you can create a common fund, making group spending management transparent and convenient.
Below are instructions on how to use MoMo group funds, follow along!
1. How to create a group fund on MoMo
Step 1: First, open the MoMo application on your phone and select Group Fund. If you do not see it displayed, click on See more utilities to check and then select Create Group Fund.
Step 2: Then, you name and purpose of creating the group fund. Finally, you just need to click the Confirm button and you're done.
2. How to contribute money to a group fund on MoMo
Step 1: Click on the Group Fund you want to contribute to and select Contribute to fund to proceed with transferring money to the fund.
Step 2: Next, enter the amount and content to easily manage your funds. Click on Contribute Fund and Confirm Payment to finish.
3. How to invite members to join the MoMo group fund
Step 1: Select the Group Fund that you want to invite more members to and click on Invite members to the fund.
Step 2: Next, enter your phone number using MoMo or select from your friends list. Once selected, click on Invite to group and you're done.
4. How to withdraw group funds on MoMo
Step 1: Click on the Group Fund you want to withdraw money from and select Withdraw Fund to withdraw money to MoMo wallet.
Step 2: You enter the amount and reason for withdrawing money from the fund for easy management. Then, you just need to Confirm payment to complete.
5. Who can withdraw money from MoMo group fund?
In the MoMo Group Fund, only the fund owner has the right to withdraw money. This ensures transparency and safety in the management of common finances. The fund owner will be responsible for using the fund and performing transactions according to the purposes agreed with other members in the group. With this mechanism, groups can feel secure in sharing finances without worrying about abuse or loss.
The group fund feature on MoMo makes managing common finances simpler and more convenient than ever. Thank you for following.
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