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The Nigeria Inter Bank Settlement Systems (NIBSS) offers a simplified system for enrolling customers for their Bank Verification Number(BVN) which agents can earn commissions from. this opportunity offers you details on what you need to know and do in order to earn great commissions from BVN Enrolment.

The Bank Verification Number commonly called BVN is a biometric identification system implemented by the Central Bank of Nigeria to curb or reduce illegal banking transactions in Nigeria. Biometrics refers to identification of an individual based on physiological attributes- fingerprint, voice, facial features etc. The BVN gives each Bank customer a unique identity across the Nigerian Banking industry that can be used for easy identification and verification at Point of Banking operations. The BVN is mandatory for anyone who wants to operate a bank account. If you don't have a BVN, you will be restricted to using wallets.

The Nigeria Inter Bank Settlement Systems (NIBSS) have simplified the BVN enrollment process thereby making it easy for agents to enroll Nigerians for the programme. Agents earn commission from NIBSS for every enrollment carried out. Also worthy of note is that, the more BVN enrollment you do, the more accounts you can open and the more commissions you can earn. So you can see that the value chain is indeed very interconnected and profitable.

  • BVN enrollment can be carried out through a computer, biometric scanner and rotational webcam.
  • BVN enrollment can be carried out through customized handheld device which has biometric functionality inbuilt
The agent will require the customer to come with certain KYC (Know your customer) documenatation as stipulated by the CBN through the operator.

  • The unbanked, primarily.
  • Those who just clocked the age of 18.
  • Before a customer can operate a bank account in Nigeria, s/he must have enrolled for a BVN and BVN issued.

  • Educating the customer about the need for the BVN enrollment.
  • Conducting KYC for the customer before enrollment.
  • Making sure the customer accurately completes the BVN enrollment form.
  • Inputting the customers details into the operators system and generating the BVN.
  • Answering any questions the customer has about the operator and about BVN enrollment.

The agent earns commissions for every BVN enrollment they open. The exact commission amount varies from operator to operator.

  • A windows 10 enabled laptop system, biometric scanner and webcam.
  • A mobile device specially customized for BVN enrollment.

  • You can advertise your services in schools - where young people are just turning 18, so they know to come to you when they are ready to have their BVNs and open their first bank accounts.
  • You can conduct periodic BVN enrolment campaigns in areas where there are a lot of unbanked people
  • You can also advertise it as a service you offer, so anyone interested can walk into your location and ask for the service.

NIBSS is the sole coordinator of BVN enrollment. Not all operators allow their agents to do BVN enrollment. As at July 2020, only Innovective, Chams and FETS wallet offer this service through their agent network.

Different operators have different requirements. These requirements will be shared when Agents begin to be actively engaged in BVN registration.

You make as much money as the number of BVN enrollments you can complete.

No. You typically have to be a known agent with a track record before you can be allowed to conduct BVN enrollment.

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