The benefits of mobile money are many. Some of them include the accessibility it brings to rural areas, reduction in cash dependency, lower transaction costs, job opportunities to an unusually vast number of individuals who act as mobile money agents. Mobile money agents are the people who initiate and make these transactions on behalf of end-users. Typically, they are like the middlemen in the transaction process. They earn money by getting commissions on every transaction they carry out. Commission rates differ per agent host platform. This post covers how to be a mobile money agent on different popular mobile money platforms in Nigeria.
How to Be a Mobile Money Agent in Nigeria
There are different mobile money platforms in Nigeria that operate an agent banking system. We cover some of them below:
How to Become Paga’s Mobile Money Agent
How to Register to Be MTN’s Momo Agent
Follow the steps below to register as an MTN MoMo Agent.
How to Register as a Firstmonie Agent
The FirstMonie agent network is operated by First Bank. The activities you can do as a FirstMonie agent include opening a First bank account, deposit money, withdraw money from any bank, send money to any bank, pay bills and purchase airtime. There are over 32,000 Firstmonie Agent locations in 754 Local Government Areas across all States in Nigeria including the FCT. Follow the steps below to register as a FirstMonie Mobile Money Agent in Nigeria.
How to Register as a Kudi Mobile Money Agent
Becoming a UBA Moni Agent
UBA Mobile Money “Moni” agents can carry out the following services on the platform — Account opening, Cash Withdrawal, Cash Deposit, and Transfers. The above are some of the most popular mobile money platforms in Nigeria. If you want to earn extra income on an already established business or even start a business from scratch, Mobile Money is worth considering as an option to explore.
