How much does an mpesa agent line cost?

An agent will expected to invest the following amounts: (a) Kshs 100,000 per outlet for float. (b) Kshs 100,000 for SIMEX (SIM replacement cards). (c) Kshs 100,000 per outlet for additional outlets for float.

How much does an mpesa agent earn?

With the new tariffs, the lowest an agent earns on deposits between sh. 50 to 100 is 4 shillings. The highest commission is sh 190 for deposits of sh. 50,000 to 70,000.

How do I buy M-Pesa float?

Dial *247# or go to your Equitel SIM menu and select Buy M-PESA Float. Enter your Agent Number. Enter Amount of Float you wish to Purchase. Enter your mobile Banking PIN.

How do I become a M-Pesa sub dealer?

As a sub-dealer, you are required to maintain a minimum M-Pesa float of Ksh. 30,000 on your M-Pesa Till line. You will also be required to avail some documents which include a National Identity card, Certificate of Good Conduct, and Business Name, in order to get the sub-dealer line.

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How does MPESA agent make profit?

Agents earn a commission from Safaricom whenever they make deposits or withdrawals for their clients. Even though clients deposit money into their accounts for free, Safaricom still pays commission to Mpesa agents performing this service.

How do I buy MPESA float from Cooperative Bank?

To purchase float, an M-Pesa agent will need to key in the account number, their mobile phone number and agent number as the deposit reference. The next step on the Safaricom Float Purchase is for the depositor to enter name and confirm details before placing the cash to the machine and pressing the count button.

How do I become a MPesa agent in Tanzania?

To become a M-PESA agent in Tanzania, the agent must be a registered company with at least 5 outlets ready to offer M-PESA services. At least 2 of these outlets should be located in rural areas.

How can I get M-Pesa to my M-Pesa agent?

Dial *334# from your M-PESA registered line. Select option 7 – My Account. Select option 3 – M-PESA Statement>> request either full statement or mini statement. Your statement will be sent to your email and a notification sent to you on SMS.

Can I open a bank account online without going to the bank in Kenya?

Kenya Commercial Bank (KCB) is tapping into Safaricom’s M-Pesa service to enable people to open a bank account through their mobile phones. The new system takes advantage of M-Pesa’s massive customer-base to make it easy for Kenya’s unbanked to open accounts without having to trek to branches.

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How long does it take for money to reflect in KCB account?

For KCB cheques clears after two hour if deposited to KCB bank but for other banks and deposited to KCB it takes 72 hour to mature,..n remember cheque cannot be cleared on weekends and holidays..

How can I invest 1 million Kenyan shillings?

Bonds. The next best way to invest your 1 million Kenya shillings is to invest in government or company bonds. A bond is a debt instrument of raising cash by either an organisation or company. People who invest in bonds usually earn a fixed amount of returns over a period f time.

How do I get a store number before the number?

You will receive the till number and store number by SMS, on your current Safaricom number or the number you provided when applying (nominated number) Download the Lipa Na Mpesa sticker from the same Self Onboarding portal. Activate the Business till by dialing *234#

How can I start my own bank agency?

You have to attach your account statements, certificate of good conduct, copy of ID, resume and two passport sized photos. You must reserve anywhere between KES. 50,000 to KES. 100,000 as initial float for the agency enterprise.

What is equity Mpesa bulk account?

what is equity bulk account? This is the process of receiving money directly to Mpesa from an Equity Bank account using mobile banking.

Can I transfer money from bank to Mpesa?

You need to register for mobile banking or internet banking with your branch to get the short code to allow you move money from your bank account into your M-PESA account conveniently.

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Is KCB an international bank?

Present in over 200 countries and available in over 500,000 locations around the globe transacting in over 130 currencies. This partnership ensures you can send and receive money from anywhere in the world into your KCB bank account or at any of our KCB branches.

Can I receive money from abroad in my bank account?

You can receive money from overseas through a transfer from the sender’s bank account straight into your bank account.

Which farming is most profitable?

Organic Farming Organic farming is a perfect business idea for new generation farmers. These days most people use organic products for better health. It means the demand for organic products is increasing. By the production of organic fruits, vegetables, and flowers, you can earn good returns.

Can a small farm be profitable?

Small farms (earning less than $50,000 annually or occupying less than 180 acres) are now considered potentially lucrative as both rural and urban business opportunities. Entrepreneurs should consider ideas like bee farms, rooftop gardens, and microgreens when choosing among profitable ventures.