REQUIRED DOCUMENTATION FOR MOBILE MONEY AGENT
Applicants must provide copies of the document listed below. The original document should be presented for verification before finalization of the registration process.
CLASS A: SUPER / AGGREGATOR
1. Completed Hasbunallahu Success Links Enterprises (HASLEN) Mobile Money registration form.
2. Completed MM Operators registration forms.
3. Brief profile of personal (CV) and business of Super-Agents/Aggregators.
4. List of outlets, including full physical addresses and Wards/ LGAs.
5. Relevant license to operate the existing business.
6. Certificate of Incorporation or other documentary evidence of business registration.
7. Business permits for each proposed Agent outlet.
8. Copies of Memorandum and Articles of Association (Where applicable).
9. Copies of VAT certificate and tax clearance for the last three (3) years (If available)
10. Copies of IDs (International passport, National ID card/ Drivers License),
11. Six (6) passport photos of the primary and secondary contacts named on the MM Agent registration form.
12. Proof of address (Utility Bills and Business Name Registration/Certificate of Incorporation).
13. 3 months bank statements. If bank statements are not available, an official letter from the bank stating period of relationship is required.
14. Two (2) signed letters of reference from members of the target community who must include their Bank Current Account No in the letter for verification.
15. Personal declaration forms from the primary and secondary contacts named on the Mobile Money Super Agent/Aggregator registration form.
16. Copy of deposit slip or receipt showing payment of registration, training fee and minimum working capital.
CLASS B: PRIORITY AGENTS
Interested Nigerians with the aforementioned qualities who for one reason or another may not be able to meet all of the above registration and documentary requirements (e.g. Minimum number of outlets, business incorporation documents, etc) are encouraged to register to join the mobile money Payment Services under Class B. Approvals will be granted on a first-come-first-served basis.
(a) Acceptance of MM Operators terms and conditions, including clauses related to CBN Anti-money Laundering Policy and conformance with MM Operators’ branding and Mechanizing requirements.
(b) Minimum number of customers. Priority will be given to MM Agents that can register and activate at least 300 customers within the first two (2) months of operation and be able to render MM payment services at the rural or urban area as the case may be.
(c) Minimum Cash investment
Agents are expected to pre-deposit a minimum of N10, 000.00 recruiting and N30,000.00 for the non-banking platform.
Successful Priority Agents will be required to deposit this money within one (1) week of approval by the MM operators, failure to which the approval shall be revoked.
(d) Technical requirements
Each Priority agents shall have the minimum of an SMS-enabled, GPRS-enabled and Java portable device for mobile money application with a dedicated GSM number already registered with GSM operator.
Optional facilities:
We recommend that the Priority agent should have a permanent office location accessible to both the customers and MM monitoring team.
• Keep proper log book of his/her daily transactions.
• Submit written reports to the Super-Agent for onward submission to the regulatory body through HASBUNALLAHU SUCCESS LINKS ENTERPRISES (HASLEN) on weekly basis which has to be typed.
(e) Registration fee:
Priority agents will pay a processing fee of #5,000.00 for the banking platform and N2, 850.00 for the non-banking operator. This fee is non-refundable.
Kindly pay the registration fee through your Super-Agent that recruited you for onward deposit to the MM operators through HASBUNALLAHU SUCCESS LINKS ENTERPRISES (HASLEN)
REQUIRED DOCUMENTATION
Priority agents must endeavor to meet as many of the Super Agents/Aggregators requirement as possible, including provision of at least one form of personal identification (item #10) and presentation of letters of reference from members of their community (item #14 ).
SUBMISSION GUIDELINES
All submissions must be neatly packaged along with the supporting documentation.
Please indicate either SUPER-AGENT/AGGREGATOR OR PRIORITY AGENT in the top right hand corner of both the enclosed supporting documents and the envelope or packet.
Submissions may be delivered in person or sent via courier to the address below or, preferably, give the completed package to your Super Agent for submission to :
CEO, HASBUNALLAHU SUCCESS LINKS ENTERPRISES (HASLEN) 1, Alasela Lane, Opposite Lara Bookshop, Off Upper Taiwo Road, Ilorin, Kwara State or P.O.BOX 14OOO, Baboko Market Post Office, Post Code: 240008, Ilorin, Kwara State.
For more information visit: www.mobilemoneywealth.blogspot.com
Processing of the application will take appropriately 4-5 working weeks from application receipt data. The MM Operators reserve the right to accept or reject any application at any time during the review process.
TERMS AND CONDITIONS FOR INDEPENDENT MOBILE MONEY PAYMENT AGENTS
During the training session you will be provided with specific terms and conditions of our partner MM Operators. You are to read and sign the agreement papers during the training day.
However, the summary of the financial requirements for and Agents stated below:
For our banking institution
v Registration for priority agent is--------------------- #5,000
v Minimum working capital is ------------------------ #10,000
v Java enabled phone between---------------------- #8,000 - #10,000
v Training fee--------------------------------------------- #15,000
For super agent are:
v Registration for super agent is-------------------- #7,500
v Minimum working capital to pre-deposited is---------- #100,000
v Java enabled phone---------------------------------- #8,000- #10,000
v Training fee----------------------------------------------------- #15,000
v Computer + internet facilities + Generator--------------
v Suporting Staff
For our non-banking institution are:
§ Registration as an agent------------------------------ #6,000
§ Pre-installed phone------------------------------------ #9,000
§ Minimum working capital to deposit------------- #20,000
§ Transaction log---------------------------------------- #1,500
§ Training fee------------------------------------------- #15,000
As an aggregator/super
§ Registration fee-------------------------------------------- #15,000
§ Pre-installed Java enabled phone-------------------- #9,000
§ Minimum working capital------------------------------- #100,000
§ E-wallet--------------------- 200 pieces minimum @ #500
§ Training fee----------------------------------------------- #15,000
Note:
· Both the registration and training fees are non-refundable.
Kindly pay the registration and training fees via bank deposit at a branch of GTBank. Include a copy of the deposit slip in your registration package:
GTB/Acct Number- 0035216590 (old- 4424455801590)
· Account Name: Zakariyyah A. Akorede.
· Payment of Minimum Working Capital:
(i) Banking Operator: You are to open a dedicated COT-free current/savings account with our partner bank as Super-Agents.
(ii) As Aggregator, you will be making deposit to our other non-banking operator’s bank account that shall be communicated to you after training.
