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Friday, February 28, 2020

HOW TO BECOME A MOBILE MONEY AGENT

we are in a world of computer age where everything is now faster, convenient,easier and also stress free.

without waisting time let us treat this topic once and for all, for those people browsing and searching of how to start a mobile money agent.

in our various countries more especially in rural areas where banks are hard to locate or lets use the term "where there is less or no banks".
in those areas one can decide to venture into mobile money agent  and also make some huge profits with the help of a point of sale which is also referred as POS machine.
firstly, let us know who is and what is mobile money agent is all about.

WHO IS A MOBILE MONEY AGENT
A mobile money agent is a person who is capable and also has the ability to facilitate transactions for users or customer's.

also a mobile money agent is a person  that has the ability to offer mobile money services, mainly on cash in(deposit), cash-out(withdrawals),airtime and others to mentioned below.

REQUIREMENTS
this are the requirements you need to have before rushing or venting into this kind of business.they are as follows:-
  • you must have a government ID card
  • you must be over 18 years of age
  • you must be a citizen of that country
  • you must have a registered shop where transactions are been carried out.

THINGS TO CONSIDER BEFORE VENTURING INTO MOBILE MONEY AGENT
there are things to put into consideration before having yours venturing into this kind of modern businesss and also consider them as one of the things that can make you successful in this business also.
they are as follows:-

  • LOCATIONS 
location is one of things to be put under consideration before becoming a mobile money agent.
why do i say so.

i said so because venturing in this kind of business in area where there are banks will make you unsuccessful in this business.

but as a person that wants to be successful in business always locate or search for a location where there is less or no banks,so that you can have a huge of customers that can partner with you.

  • SECURITY
yes,security is another thing to consider in this kind of business.
always find and invest in an area where criminals will not be a hindrance to.i.e an area  where criminal will not come and steal your money at the end of the day.

  • COMMISSIONS
this one is all about generating customer's.as one who needs to be successful make sure you charge your customer's less or lesser than what they will spend transporting themselves to the nearest banks.
note that charging a lower commission rate will always generate more customers to you daily.

  • MOBILE MONEY SERVICES
this one is just an advice, try to partner with mobile operators that has a low charge rate.like i remember one agent charging me NGN200 for a withdrawal of NGN2000 where others charge about NGN100 for a withdrawal of NGN1000 to NGN20,000. 
when i asked him he told that is from the mobile money operator.

LIST OF REGISTERED MOBILE MONEY OPERATORS.
the following are one the  registered mobile money operators in our different countries.
  • FIRSTMONIE AGENT - powered by first bank pls
  • MOMO AGENT -  powered by MTN network
  • OPAY AGENT
  • GT MOBILE MONEY AGENT  - powered by GT BANK
  • POCKETMONI
  • EAZY MONEY - powered by ZENITH BANK plc
  • ECOBANK MOBILE money -powered by ECOBANK plc
  • STANBIC MOBILE MONEY- powered by STANBIC IBTC BANK
  • PAGA
  • ACCESS MONEY - powered by ACCESS BANK place.

this mentioned above are one of the registered and licensed mobile money operators in our countries pls others not mentioned which are also registered and also may have what it takes.

if you really find this topic helpful or you want to suggest something will never histate to comment below or fill in the contact form but going to the contact page .

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