HOW TO START MPESA BUSINESS IN KENYA
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M pesa is a small business enterprise in Kenya that is done
by people in collaboration with safaricom. It is one of the small profitable businesses
around the country. The challenge is that most people have landed in to it in
various big towns in Kenya. But there are big benefits from it considering the Kenyan
population is very high.
Starting it is not that easy like how one would expect from
starting a small business. But since it involves exchange of hard cash there is
where the biggest challenge lies since it requires a large amount of capital
like any other business and also one should comply with the terms and
conditions offered by Safaricom.
WHAT ONE NEEDS TO START A MPESA OUTLET
1)
STANDARD REQUIREMENTS
Prospective agent must be registered as a LIMITED company or equivalent with at
least 3 outlets ready to offer M‐PESA under the company names. The company MUST have traded for a minimum period
of 6 months.
An agent is
expected to have a minimum of Ksh 100,000 per outlet once the application has
been approved.
Successful agents are
required to deposit the money within one month of signing the contract and
failure to that the contract is revoked.
2) STAFF MEMBERS
An agent
should employ competent staffs who are capable to properly handle the cash
since the business involves handling of big cash.
OTHER
TECHNICAL REQUIREMENTS
v A computer with at least 512RAM
v Internet connectivity with speeds
acceptable by Safaricom
v An ETR machine
v An
official Email for the job
v A head office telephone number.
M-PESA MWITU
This a practice that has developed in Kenya where people are selling M PESA lines and the buyer pays a commission in order to use the line. This practice is not allowed by safaricom but it is on the rise and many are practicing it. A person purchases an MPESA line from safaricom and uses it for some time and sells it for around KSH20, 000 to 40000. The problem here is that the name of the person who registered the line is not changed. When you buy this line from a person you will be working with the license of the person who registered this line directly from safaricom and you will enjoy the full services of the line.
In case of any inquiries you can ask at the comment box.
This a practice that has developed in Kenya where people are selling M PESA lines and the buyer pays a commission in order to use the line. This practice is not allowed by safaricom but it is on the rise and many are practicing it. A person purchases an MPESA line from safaricom and uses it for some time and sells it for around KSH20, 000 to 40000. The problem here is that the name of the person who registered the line is not changed. When you buy this line from a person you will be working with the license of the person who registered this line directly from safaricom and you will enjoy the full services of the line.
In case of any inquiries you can ask at the comment box.
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