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So how do you go about becoming a bank agent? The process most times differs for bank and non-bank operators. See more below:

The process for signing up as an agent with a bank operator typically involves a number of steps.  

  • Step 1: Opening an account (Savings or Current) with the bank.
  • Step 2: The next step is to go to the bank and indicate interest to sign up as an agent of the bank.
  • Step 3: Some banks may require you fill extra forms and may possibly do a followup check to confirm your location and other KYC information (KYC means Know your Customer). After all documentation have been completed,
  • Step 4: Your location is fully branded with materials to show that you are an agent for the particular bank and then business commences.
  • Step 5: The bank will then assign an agent network manager that will further train you on how to use the bank app and other work tools like POS and how to open an account/wallet.
  • Step 6: Fund your wallet and start operations
 

The process for signing up as an agent with a non-bank Mobile Money operator typically involves a number of steps.

  • Step 1: Visit the website of any MMO of your choice,
  • Step 2: Fill the necessary form online. For some, you will need to visit the google play store to download their app and sign up immediately.
  • Step 3: You will be expected to scan all the required KYC documents. The operators will then review your documents to ensure they are genuine, and approve your account as an agent.
  • Step 4: Once you have been approved, you will be able login to your agent dashboard on the operator app .
  • Step 5: If you have a physical location where you want to operate from, most operators will require that you brand your outlet by yourself while others will charge you for branding your outlet.
  • Step 6: Fund your wallet and start operation.

Providing your BVN, passport photograph and other official Identity is part of CBNs regulations issued  to operators to comply with when registering agents. You are going to be providing financial services. If you commit a fraud, it's the KYC details you provided, including your BVN, that the operators will use to track you. Yes. Your details are safe with the operators. If they compromise your data, they have CBN to answer to.

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