The Mobile Money Business is booming in Tanzania and East Africa in general and it is predicted to keep growing for the next 10 years. After researching and also starting a mobile money business I can confirm that it is an easy to start and highly profitable business to pursue here in Tanzania.
In order to register yourself as a Mobile Money Agent for all Network Operators in Tanzania, You must first have;
- A Valid Business Licesnce with your Full Name
- A TIN Number
How to Get a TIN Number
TIN Number or Taxpayer Identification Number is Provided by the Tanzania Revenue Authority (TRA) through their online platform Taxpayer Portal. A TIN Number is Free
How to Get a Business Licence
Business Licences are currently provided through a Local Governments platform called TAUSI, Whereby you register and Apply for a business licence. For Rural Areas, the Price for a Mobile Money Operating Business Licence is Tsh 50,000/=. But for Urban Areas it satrts from Tsh 80,000/= and above.
Now after aquiring the above you can visit the Customer Care Shops of Network Operators and request to be registered as a Mobile Money Agent.
For Airtel Money
Registration Price is less than Tsh 30,000/=
Requirements;
- TIN Number
For MPesa
Registration Price is atleast Tsh 50,000/=
Requirements;
- TIN Number
- Business Licence
For Halopesa
Registration Price is atleast Tsh 20,000/=
Requirements;
- TIN Number
- Business Licence
- Float Deposit of Tsh 100,000/= (You can withdraw this amount after registration completion)
For Mixx By Yas
Registration Price is atleast Tsh 20,000/=
Requirements;
- TIN Number
- Business Licence
DISCLAIMER: Please note that the prices mentioned in this article are only close estimates and not actual values. For actual prices please visit the desired Network Operator’s Offices.
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