How Much Do Mpesa Agents Earn?

How much do you need to start mpesa?

Step 1: What You Need to Get Started To operate an M-PESA shop as an agent, you need to have a registered limited company in business for at least 6 months and have at least 3 outlets ready to offer MPESA services.

A minimum investment for an MPESA outlet is Ksh.

100,000 float..

Can I access my mpesa account online?

The M-PESA website can be accessed via the following URL, using Internet Explorer, Google Chrome and Safari web browsers. … If you need to Log in to M-PESA from a different PC at any time, you will require a separate certificate installed on that PC.

What business can I start with 150k?

Find below 30 businesses you can do in Nigeria with 100,000 naira or less.Hair dressing/ Barbing Salon.Plantain chips production and sales.Restaurant services.Tailoring/ fashion designing.Catering services.Poultry farming.Cat fish farming.Cassava Farming.More items…•

What can I start with 50k?

20 Businesses You Can Start With 50,000 Naira in NigeriaBaking Business. Baking is a thriving business in Nigeria. … Fast food Business. The importance of food can never be overemphasized. … Plantain Chips Business. This is also a very lucrative business. … Selling Drinks and Water. … Small Scale Farming. … Smoked Fish Business. … Soap Production. … Home and Beauty Products.More items…•

Is mpesa business profitable?

Operating an M-Pesa shop is one of the most profitable businesses in Kenya today. … According to the Communication Authority’s quarter one report, 22.7 million out of the 28 million mobile money subscribers are M-Pesa customers.

Which business is profitable in Kenya?

If you’ve been thinking of starting your own business in Kenya, below are some profitable business ideas you can venture into:Dry cleaning business. … Cyber Café … Car Wash Business. … Poultry Farming. … Selling Second Hand Clothes (Mitumba) … Photography. … Selling Snacks.

How does mpesa make money?

M-Pesa creates economic value for Safaricom in two primary ways: Revenue from transaction fees that Safaricom collects via the agent during cash withdrawal operations and transfer operations (depositing money into mobile wallet is free). Reduce Safaricom customers’ churn, improve engagement, lifetime value etc.

How much is mpesa worth?

In 2016 M-Pesa moved 15 billion KShs (152783013.91 USD) per day equivalent to 52 billion CHF in Kenya, with a revenue of 41 billion KShs. In 2017 6,869 billion KShs were moved according to a figure in Safaricoms own annual report, with a revenue of 55 billion KShs.

How can I make money fast in Kenya?

How to Easily Make Money Online in KenyaSwagbucks. Swagbucks is one of the best sites to make cash online and one of the most reputable among students. … Freelancer. As the name suggests, this is one of those sites where your dedication determines your net worth. … Fiverr. … Upwork. … iWriter. … Transcribe me. … Slice the pie. … Postloop.More items…•

How much does an mpesa agent earn?

MPESA Agent commissions are not expected to change for the year 2020. According to Safaricom the lowest commission an agent earns is Ksh 4 when Ksh50-Ksh100 is transacted. If a customer transacts Ksh 101-Ksh510 the commission is Ksh8. The commission increases with the increase in transacted amount.

How do I open a mpesa account?

Activate M-PESA account by following the guidelines below:Select M-PESA menu then select Activate or Wezesha. … Enter the ‘M-PESA PIN received via SMS.Create your own Secret PIN, (a four-digit number) and confirm the secret PIN.Enter ID number; the same one used during registration.More items…

What is the maximum amount that mpesa can hold?

300,000Maximum Account Balance is KSHs. 300,000.