MOBILE MONEY AGENT BUSINESS PLAN: HOW TO BECOME A MOBILE MONEY AGENT

MOBILE MONEY AGENT BUSINESS PLAN

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

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

in our various countries more especially in rural areas where banks are hard to locate or let’s use the term “where there are less or no banks”.

in those areas, one can decide to venture into a mobile money agent and also make some huge profits with the help of a point of sale which is also referred to as a POS machine.

firstly, let us know who is and what is mobile money agent is all about.  

MOBILE MONEY AGENT BUSINESS PLAN

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 customers.  

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 mentioned below.

  MOBILE MONEY AGENT BUSINESS PLAN: REQUIREMENTS

These are the requirements you need to have before rushing or venting into the mobile money agent business. they are as follows:- MOBILE MONEY AGENT BUSINESS PLAN

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.

MOBILE MONEY AGENT BUSINESS PLAN

  THINGS TO CONSIDER BEFORE VENTURING INTO MOBILE MONEY AGENT BUSINESS -MOBILE MONEY AGENT BUSINESS PLAN

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

  • LOCATIONS 

location is one of the things to be put under consideration before becoming a mobile money agent. why do I say so?   I said so because venturing into this kind of business in an 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 are fewer 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. i.e an area where criminals 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 customers 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 for you daily.  

  • MOBILE MONEY SERVICES

this one is just advice, try to partner with mobile operators that have 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 me that is from the mobile money operator

LIST OF REGISTERED MOBILE MONEY OPERATORS.

the following are some of 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 is 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 hesitate to comment below or fill in the contact form but going to the contact page.  

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