Have noticed increasing of number of MTN MOMO merchants dotted all around street. Have you taken the pain to ask yourself " is this business lucrative enough? " The answer is big YES. Then, if you become MTN MoMo agent and start
making money from mobile money services in Ghana, then.
Who is MoMo Merchant?
A MoMo Merchant is a neighborhood shop where you can visit to send and receive money anywhere in Ghana. Customers can perform Cash2Cash transaction at a MoMo merchant outlet. The MoMo Agent Network in Ghana compliments existing banking services by extending access to simple money transfer services and other financial services nationwide.
What are benefit of being MTN MOMO merchant
Let me tell you true secrete of MTN MOMO business,
==> If you go to merchant to deposit money in your wallet or someone else MTN pays commission (cash-in commission)
and
==> when you withdraw money 40% commission is paid into merchant account ( Cash-out commission). Even some greedy merchant charges you when deposit into someone's wallet. MOMO laws do not allow such charges- it is an offense.
How To
Become MTN MoMo Merchant In Ghana
Prospective merchant must have a registered company or equivalent with existing outlets ready to offer under the company names and provide the below Business document requirements
- Business Registration Certificate
- Provide a valid national photo ID (Voter’s ID/ National ID/ NHIS ID/ Driver’s License/ Passport/SSNIT ID).
Merchant Documentation Requirements
Download the following forms
Agents Recruitment Form
Agent Account Handler Form
Agent/ Merchant code of ethics
Agent Agreement
Fill the forms and submit at any MTN Branch
Agent Location and Structure
In accordance with EMI (E-money Issuer) guidelines, prospective Agents must also meet the required structure and location requirements below:
- Permanent structure in the form of Brick and Mortar, Semi-permanent structure (Defined) is required for an Agent outlet. These structures should be placed within 50-100 meters radius.
- Wooden structures popularly known as kiosks and Space2Space Umbrella outlets do not meet the standard requirement.
Merchant Capital Requirement:
Merchant are required to have a startup capital of GH¢ 4,000.
MTN MoMo field staff will contact you for a planned visit to ascertain your suitability
If all details are accurate, your merchant sim will be ready
in 72 hours. For assistance or any questions please send an enquiry via the
form below.
Alternatively, you can
dial *100 or call 0244300000
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