Getting an MTN Agent line or becoming a mobile money agent has been crucial in the development of the industry and is crucial for providers of mobile financial services.
To find out how to get an MTN Agent line or how to become an MTN mobile money agent, read on. MTN agents have been instrumental in the development of the industry.
In addition to helping to increase mobile money transactions, MoMo Agents are primarily in charge of creating client accounts and generating revenues.
In order to improve mobile money services within the ecosystem, MoMo Agents also assist in educating clients on how to use MTN’s mobile financial services in general.
Why should you become a MoMo agent?
All members of the MTN mobile money value chain, including street agents who serve the final customer, MoMo Master agents, and distributors, all benefit from MTN MoMo’s sustainable and lucrative business model.
All MTN agents who sell MoMo services, sim cards, Virtual Top Up (VTU), and airtime are members of the MoMo agent network and are eligible to receive commissions generated legally through MoMo services.
How to register for an MTN agent line
With your legitimate KYC documents, visit any nearby MTN service centre. Be sure to provide the KYC documents below:
- National ID
- Authentic business licence
- Certificate of incorporation
- Signed terms and conditions document.
Starting capital of at least UGX 200,000 is required to purchase float and operating capital is also required to service cash-out customers.
Every day, the commission is paid automatically through the commission line. Please be discreet with your PIN.
Agents will be paid 4.4% of the cost when purchasing MTN airtime and bundles on behalf of customers.
For a price of UGX 300, MTN Mobile Money Agents can now purchase MTN Xtra Float in amounts of UGX 50,000, 100,000, and 250,000. It takes 48 hours to repay MTN Xtra Float.
MTN Mobile Money Agents must return the funds on time to avoid having a fine of UGX 3,000 deducted from their account.