Requirements for being an agent
Requirements for being an agent, super-agent and aggregators
Agents
M-Pesa agents are the entities that sell e-money and or cash to end users (customers). They facilitate the transactions of the customers by availing either cash or e-money to them. The agents are registered entities either as sole traders or companies. There are cases whereby we also engage the Spaza shops, looking at their turn over and the demand in the area that they are situated at. The agent gets commission for transactions between them and customers. The documents required to apply to be M-Pesa agent are stipulated below:
Sole Traders
- Traders License
- Proof of residence (Water bill, Electricity bill, Chief’s Letter)
- Identity documents (Passport, ID)
Companies
- Traders License
- Tax Clearance
- Certificate of Incorporation
- Company Extract
- Proof of residence (Water bill, Electricity bill, Chief’s Letter)
- Identity documents of primary contact person
- Identity documents of shareholders with 25% or more shares
- Board’s resolution letter indicating the person who will be in charge of M-Pesa on a daily basis
- Identity document of the person who has been nominated in the resolution letter if it’s not one of the directors and their proof of residence
Unregistered Entities (Spaza Shops/ Street Vendors)
- Identity document