Flexibility MPESA business can be seamlessly done alongside other businesses. To have a registered limited company that has been active for at least 6 months.
Related Article 11 Top Businesses In Kenya You Can Start With 20K And there you have it.
How to open mpesa shop. The company should have been operating for at least six months. To operate an M-Pesa shop as an agent one is required to have a registered limited company in business for at least 6 months and have at least 3 outlets ready to offer MPESA services. To start an m-pesa business in Kenya one will have to meet the stipulated requirements set by Safaricom Company in Kenya to be an Mpesa agent which are.
The amount of money in circulation in collages is huge The amount of money in circulation in collages is huge Setting up this kind of business inside a college or just outside will enable you capture as many student customers as possible with a number receiving money from parents and sponsors. To become an M-Pesa agent you must meet certain requirements to operate the shop. I recently reached out to Betin this is the official info that I got.
Prospective agent must be registered as a LIMITED company or equivalent with at least 3 outlets ready to offer MPESA under the company names. Easy to start To start an MPESA agent business you dont have to go through endless paperwork like in other mainstream businesses. To open successfully run a Betin Kenya Franchise Shop these info logistics are required.
If you are looking for a procedures on how apply for a short term paybill number check this page. You must have at least 3 other outlets under the same company name that are ready to offer Safaricoms MPESA services. The following are the standard requirements by M-Pesa.
That is all the Government and Safaricom requires. You need to register your MPesa business under a registered Limited Company. We have several millionaires who made it by just starting mpesa shop near a university.
But knowing how profitable the Mpesa business is you need to invest with that kind of money. To purchase a line from the dealer you need to have between Ksh 30000 to Ksh 70 000 and then set aside some money for MPESA float. Your other businesses will not be significantly affected.
The most crucial step is that you have first to get registered by Safaricom. All you need is the initial capital a business license and a shop. Some of the mobile accessories in Kenya which you can sell on your Mpesa shop in Nairobi include phone cases batteries SIM cards earphones headphones and even you can also offer phone charging services.
In order to open your M-Pesa shop all you need is a single business permit. Short Term Paybill Application. Safaricom has set some requirements to be adhered to before they give authority to act as an Mpesa agent.
Requirements for Starting an MPesa Shop The following are the requirements for starting an MPesa agent business. The Mpesa stalls along Mfangano Street in Nairobi mostly provide Mpesa services and also sell the mobile accessories in town. To start up the Mpesa business in Kenya you would require a capital of about Ksh50 000 to Ksh150000.
When planning to start an M-pesa shop you need to have around 100K as float cash rent money branding as well as money to buy the aggregated M-pesa lines. Application procedurePhoto How to apply for Safaricom Lipa na Mpesa Paybill Number for companies NOTE. One must have a Certificate of Incorporation in Kenya to start an Mpesa business.
Be a registered Limited company. Betin Kenya will give you the following to help you start your betin shop business. You will need to have 100000 Kenyan Shillings.
The company MUST have traded for a minimum period of 6 months. Minimum investment for an MPESA outlet is 100000 shillings float. How to register open get Safaricoms Lipa Na Mpesa Paybill Number for Company business fundraising.
In shortyou need at least Ksh 80000 to start Mpesa businessThis amount ishoweverexclusive of the cost of rent. Proposed outlets shall be audited prior to commencement of business. To operate an MPESA shop as an MPESA agent you will need.
Requirements for M-Pesa AgentAggregator You must have a registered Limited company that has been in operation for the last six months Have at least three outlets operating under a registered limited company Make an initial minimum investment float of Ksh 100000.
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