Who Is A Money Agent?
The mobile money agent is the provider’s retail arm, supporting cash-in/cash-out transactions as well as person-to-person fund transfers, mobile phone airtime purchases, and bill payments. Like the traditional bank agent, the mobile money agent operates like a franchisee.
How To Become Airtel Money Agent In Uganda
Requirements to become an Airtel Money agent
For Airtel Uganda, you are required to present a valid Passport (Compulsory for foreigners) or National ID; a proof of residence such as a Utility Bill, Tenancy/Lease Agreement, or L.C ID; and a Completed agent sub-agent application and registration forms.
- Duly filled airtel Money Agent Applications form.
- Certified copy of Business registration certificate.
- Certified copy of PIN Certificate.
- Copy of identification of the business owner(s)
- One outlet location but no more than 3 outlets.
- Passport photo of the business owner(s)
- Capital Requirement of K 2000 for each outlet.
How Do Mobile Money Agents Earn In Uganda?
The agent earns commission from the deposit, withdrawal, buying airtime and paying bills for the customers. The commission of agents reduced significantly after the introduction of the one percent tax on mobile money withdrawals in July 2018.
How Do I Start A Mobile Money Business?
- Register Mobile Money Customers.
- Deposit cash into registered customer account.
- Process cash withdrawals for registered & non-registered customers.
How Do I Register A Mobile Money Agent?
Registration process
- Dial *5051#.
- Select Register and send.
- Select your region in which you intend to operate and send.
- You will receive a reference number via SMS.
- Write the reference number received on the MoMo registration forms.
- MTN MoMo Agent will call and also visit your location for inspection.
How Do I Register My Airtel Line As An Agent?
Dial *700# from an Airtel line and Press the call button. From the retailer menu, enter option one (SIM Registration) and click ‘Send’. Enter the new Mobile number written on the package to your new line and click ‘Send’. Now enter your first name, Last name and Location in subsequent menu requests.
How Does Airtel Money Work?
This service allows you to access money from your Bank account to your Airtel Money account 24/7. You can use the money to pay for your utility bills, send money across networks, buy goods and services or utilise other Airtel Money services.
How Can I Become Airtel Retailer?
Prospective suppliers to fill out the on line registration form and the information is then made available to Bharti Airtel SME – Category Manager. Suppliers will only be contacted if additional information is required about the company product or service.