Who Is An MTN Money Agent?
An MTN Mobile Money agent is someone with accreditation from MTN Uganda to deliver mobile money transactions to subscribers, including money transfers, cash withdrawals, bill payments, and many others. At the end of the month, all Mobile money merchants are paid a commission from MTN.
How To Get MTN Money Agent Line In Uganda?
Register Mobile Money Customers.
Deposit cash into registered customer account.
Process cash withdrawals for registered & non-registered customers.
ID.
Original Business license.
Certificate of incorporation / Business permit.
Acceptance of terms and conditions.
Capital to start with (at least UGX 200,000) to buy float and remain with cash to service cash-out customers.
How Much Is An MTN Agent Line In Uganda?
MTN Mobile Money Agents can now get MTN Xtra Float worth UGX 50,000, 100,000 and 250,000 at a fee of UGX 300. MTN Xtra Float has to be paid back in 48 hours. MTN Mobile Money Agents have to pay back the money in time to avoid a penalty of 3,000shs charged against your commission.
How To Become A MoMo Agent By Self Onboarding In Uganda?
Dial *502# with your MTN phone number.
You receive a prompt to approve your MTN SIM registration details to be used as your MoMo wallet ID.
Select 1 Yes to accept the T&C and to continue to the next step.
Create your 4 digit PIN as prompted.
Reconfirm your 4 digit PIN.
How Much Do I Need To Become An MTN Mobile Money Agent In Uganda?
You need to have a registered business with a trading licence, valid National ID, LC1 Chairman’s letter, passport photos and capital worth at least UGX 50,000 and above to become an Mtn Money Agent.
How Much Do I Need To Start MTN Mobile Money Business In Uganda?
MTN Field sales force will carry out trade audits periodically to ensure Agents adhere to compliance guidelines. Payment for the starter kit is UGX 350,000 and Commission depends on the transactions performed in a month.
How Can I Do MTN Mobile Money Business In Uganda?
You must own a registered limited company or its equivalent.
You must fill in and submit a form known as the Agent Recruitment Form.
You must fill in and submit a form known as the Agent Account Handler Form.
You must meet the minimum Merchant/Agent code of ethics requirements.
How Much Is MTN Mobile Commission In Uganda?
Agent Commissions
| | Deposit | Withdraw |
|---|---|---|
| 500 – 2,500 | 5% of amount | 100 |
| 2,501 – 5,000 | 125 | 120 |
| 5,001 – 15,000 | 175 | 200 |
| 15,001 – 30,000 | 225 | 275 |
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.
Is There Profit In Mobile Money Business In Uganda?
Considering mobile money on its own as a source of revenue, about 70 percent of the managers who responded agree to a certain extent that this service will be a significant source of revenue for MNOs, making large profits over time.
How Do I Check My MTN Agent Commission In Uganda?
For you to view your commission; Tap on the wallet button on your home screen. Tap on the commission button and a commission panel will be revealed with details about how your commission was earned.