The process of starting Mpesa business in Kenya is easier nowadays as compared to when Safaricom started the money transfer service.With a capital of Ksh 30,000, you can start Mpesa shop in any part of the Kenya.
MPESA is one of the most profitable businesses in the country. The business has impacted the lives of millions of Kenyans positively through self-employment and quick transactions ,unlike the traditional way of sending money through Bank.
How to be MPESA dealer
To be a dealer, you need to have the following documents:
• Limited company running for at least six months
• Audited financial accounts
• Registration details of the company
• National identity card or passport
• KRA PIN certificate
• Ksh. 400,000 among other requirements.
You can also purchase MPESA line from a dealer where you agree on how to share the commission earned through transactions.
To purchase a line from the dealer, you need to have between Ksh 30,000 to Ksh 70, 000, and then set aside some money for MPESA float.
In short,you need at least Ksh 80,000 to start Mpesa business.This amount is,however,exclusive of the cost of rent and other costs associated with running Mpesa shop.
