POS business a Profitably Business in Nigeria #First Money Agent

You must have been seeing posters of First Money POS Business in some strategic locations in your area but don't know much or how to go about it

Most people ask:  Is it viable? Should I venture into such business?

Well, POS business can be otherwise known as agent banking business. It involves the transfer of funds, withdrawal of funds, sale of recharge cards and bill payments like GoTv, DStv, Startimes, and PHCN Bill services.

This business is an extension of services offered by financial institutions like banks through which customers get convenience. Therefore the fee you charge customers for these services is called convenience fee.

The central bank of Nigeria in a bit for financial inclusion has thrown opens this opportunity. An avenue to create wealth.

The truth is, if you are in a location where no banks, or ATM point, this business will thrive because people will always be in need of money and won’t hesitate to pay the additional minimal charges on top.

Why is it Profitable in Nigeria?

It is profitable because you as the agent will make money from the extra fee charged on every transfer, withdrawal, bill payments and lots more. You must have readily available cash to give out because customers will come more for withdrawals than fund transfers.

What You Need to Set it UP

You can start POS business in Nigeria by getting a HOST. A host is a financial institution through which you extend their services to your customers.

This includes: First Bank, Quickteller, PAGA etc.

Getting POS Machine:

Getting a POS machine in Nigeria is absolutely free of charge, provided you get yours from one of the reputable commercial banks in the country.

In case you’re wondering what the bank stands to gain from giving you the machine for free, get this clearly: the issuing bank makes money on the long term by charging a fixed commission (between 0.25% and 1.5%, depending on the bank) per transaction done through each POS terminal issued.

To get a POS machine from any bank, all you need is to have an account  with the bank.

Note, however, that there are now some other organizations issuing POS machines at a one-time fee.

Location: A location where they are limited or no ATMs or Banks will do. Apart from that, there should be enough room to contain your customers, a furniture divider between you and your customers. Create a place where customers will feel free to carry out transactions.

Get Quality Banner: For your business to be known and the people within that vicinity to be aware that you create such services, you should get a banner with the inscription boldly written “POS Withdral and Fund Transfer”.

Breakdown /Commission Structure of POS Agent Banking Business

                                         Transaction Amount                                Fee paid by Customer

1. Deposit (own FirstBank A/C)

  1- 5,000                                                             N50       

  5,000-30,000                                                     N100     

  30,000-100,000                                                N150     

  100,000 +                                                         N200       

2. Transfer to FirstBank

  1- 30,000                                                            N100     

  30,000-100,000                                                N150     

  100,000 +                                                           N200     

3. Transfer to Other Banks

  1-20,000                                                             N100     

  20,000-100,000                                                N200     

  100,000 +                                                          N250     

4. Cash Withdrawal

  1-10,000                                                            N100     

  10,000-100,000                                                N200     

  100,000                                                               N300     

5 Bill Payment                                                    N100     

To become a First Money Agent with First bank please check this link here

Are you into this business already? Let us know what you think.

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MTN MISSED CALL ALERT, MTN WHO CALLED SERVICE, MTN NOTIFY ME SERVICE | [NEW FEATURES]

MTN Who Called
As we focus on providing solutions to you this month we are starting off with this great service from MTN (MTN Offer).  Though, this service has been around for a while but majority of us are not aware, well that’s why we are here, to always keep you informed.  Let me introduce to you the MTN who called me and MTN notify me.  The service “MTN Missed Call Alert Service” lets you know all the calls you missed while your phone was switched off or out of network coverage, you will receive an SMS message alert when a number you could not reach becomes available. You will receive a free SMS Message alert with details of the caller’s phone number, date and time of the last call as shown here:

Y’ello! You have 1 missed call from +23468930609 received at: 01:09:20015 12:21:13.

Interestingly both services are free of charge.

Recommended:

1.     MTN TO ROLL OUT 4G NETWORK - REVEALS CODE FOR CHECKING SIM COMPATIBILITY

2.     MTN 4G LTE DATA BUNDLE PLAN UNVEILED | PRICES, FULL DETAILS

3.     CHEAPEST EVER DATA BUNDLES FROM MTNDATA.COM.NG

MTN Notify Me Service

With the MTN Notify Me Service, you will get notifications through an SMS message when a phone number you previously could not reach becomes available on the network.  An example is shown below:

Y’ello! +23468930609 is now available.  You may now dial the number.

Read Also:

1.     MTN Beta Talk : HOW TO MIGRATE, BENEFITS, TARIFFS AND BONUSES

2.     MTN StartPack : How to Migrate, Benefits, Tariffs and Bonuses

3.     HOW TO TRANSFER CREDIT ON MTN MOBILE NETWORK

Benefits

This is ideal for families and businesses guaranteeing close contact with loved ones, staff or business associates.  Other benefits include:

-       Never missing an important call as you will be notified via SMS about all missed calls even while you are roaming your mobile phone.

-       Knowing when a number that was unreachable becomes available on the network.

-       Having a list of missed call notifications from which you can choose which numbers to call back.

MTN Missed Call Alert Services: Frequently Asked Questions (FAQ)

How do I get the Service?

-       To activate MTN Who Called, text SET 01 to 100

        Note:  The Cost is FREE

-       To activate MTN Who Called and Notify Me, text SET 02 to 100

        Note:  The Cost is FREE

How do I know if I already have the service activated on my phone?

-       You can check if you already have the service running by texting the word STATUS to 100

How do I cancel the service?

-       To cancel the service, text the word DELETE to 100

For more information on MTN Missed Call services, please visit:
http://www.mtnonline.com/products-services/value-added-services/missed-call-alert-service.

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MTN NIGERIA CALLER FEEL + HOW TO ACTIVATE : LET YOUR CALLERS FEEL YOU | GOOD FOR BUSINESS

Innovation is the mother of civilization and in Nigeria, no company is as innovative as MTN.  MTN is a leading telecommunication company that is always ready to bring lots of innovations into the industry.  The South African company is known for its bold advert ideas from the days of “mana na boy”.

Recently they launched an innovative idea that will surely will bring smiles to the faces of lot of Nigeria young entrepreneurs.  This innovative idea is the launch of an affordable advertising platform called “CallerFeel”. 

What is MTN CallerFeel?

CallerFeel according to MTN is a status message that will appear to everyone that calls your line when you subscribe to the service in addition is a service that allows you express yourself through short messages that will appear on your callers phone screen when they call your line.  The message will appear as a pop-up notificaton.

What can MTN CallerFeel be used for?

MTN CallerFeel can be used for:

i.          Business Advertisement

ii.         Sharing Status Updates

iii.        Self-Expression

iv.        Sharing Special Moments.

v.         Sharing Special Messages to Specific callers and host of other ways.

vi.        So much more! You can be creative in ways to use it.

For just 30 Naira per week it is a cheap means of telling friends and family about your products and services.  You can also use the CallerFeel service to promote ideas, religious activities and others but they must fall within the term and conditions of the CallerFeel service.

How do I Set Up my MTN CallerFeel?

CallerFeel from MTN can be activate by send ‘REG’ to 50016 using the short messaging service on any MTN line.  Registration cost N50/month (30 days free trial till 31st May 2015).

How do I personalize my CallerFreel Message?

E.g

i.    Get Data Cheaply For Ur Phone. Call Ayodeji on 08068930609 or BBM 56378E6D [Press 5 to            get FREE 7 Day Trial]

ii.   CEO www.jmlweb.com.ng! Contact us at B. I. 6 Odo Iro Str. Ilesa Osun State for your Website          Platform and Online Payment Integration.

iii.   Happy 30^th Wedding Anniversary to my lovely parents!.

To Subscribe, Text REG to 50016 To change your CallerFeel message, test 'Message' to 50016.  Text 'STOP' to 50016 to unsubscribe.

Example:

Message:
     "Get Data Cheaply For Ur Phone.  Call Ayodeji on 08068930609 or BBM 56378ED"
To:
     50016

Response Message From MTN:
     Y'ello! Your CallerFeel has been updated to "Get Data Cheaply For Ur Phone.  Call Ayodeji on 08068930609 or BBM 56378ED" @ No, You have 24 updates to go.

Interesting right? Yes! Let Your Callers Feel You Before You Speak

CallerFeel Subscription plans are:

PLANS	NUMBER OF UPDATES	ACTIVATION CODE	PRICE
DAILY	1	REG1	N5
WEEKLY	10	REG7	N20
MONTHLY	25	REG	50

How to Deactivate MTN CallerFeel

To discontinue the service, just send “STOP” to 50016.

Just let us know through the comment section your experiment.  If it works great, why not share with others.

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DOWNLOAD | MTN MOBILE SELF CARE APP FOR MOBILE PHONES

MTN Recently launched an App called MTN mobile self care app.  This application is mobile app that could be downloaded on mostly every mobile phone to manage account transactions.  In order words, this application is designed to enable you enjoy a great level of convenience and control of your mobile account.  Enjoy a greater level of convenience and control of your mobile account with the new MTN mobile self-care application.

What is the MTN Mobile Self-Care App?

The MTN mobile self-care application is an app that you can download on your phone and use for managing your mobile account transactions from your phone real-time.

What can I do on the MTN Mobile Self-Care App?

You can easily perform the following transactions from your phone when you download the MTN mobile self-care app.

*          Check your account profile

*          Check your recent account recharges

*          Subscribe to MTN callertunez, music and games on MTN Play

*          Subscribe to MTN callertunez, music and games on MTN Play

*          Check available balance and expiry data of your BlackBerry/Fastlink/mobile internet/Simple Surf data plan

*          Perform a Sim Swap on your lost/stolen MTN line

*          Purchase airtime or pay phone bills using your Interswitch ATM card

*          Retrieve your PUK code to unlock your SIM

*          Request for MTN Data Settings to manually connect to the internet

How can I download the MTN Self Care App?

To download the app, simply do one of the following:

1.        Send an SMS keyword “CARE” to 5018. (SMS is free).  A link to download the app will be sent in an SMS to your phone.

2.        Visit the MTN Play wap portal (wap.mtnonlineplay.com) to download the application.

3.        Call the MTN Customer Care on 180 or visit my MTN Walk-in center to have the app link sent to your phone.

What devices can I use to download the self-care app?

The MTN Mobile self-care app works on all BlackBerry, iPhone and Android devices as well as all low-end phones that support J2ME.

What is the memory size of the MTN Self Care App?

You need a memory size of 1.5MB to download this app on your iPhone and android operating handsets and a memory size of 285kb to download on BlackBerry and 150kb for J2ME operating handsets.

MTN Self-Care application is now available on Facebook.  Click here to log into the MTN Self Care app on Facebook.

Frequently AskedQuestions:  MTN MOBILE SELF CARE APP

Read More

MTN Self Care App FAQ | Frequently Asked Questions

MTN Self Care App FAQ

See Also:  DOWNLOAD | MTN MOBILE SELF CARE APP FOR MOBILE PHONES

Question:  WHAT IS MTN MOBILE SELF CARE APP?

            The MTN Mobile self-care app is a mobile application that allows customers process a wide-range of voice and data requests directly from their mobile phones.

Question:  WHO CAN USE MTN MOBILE SELF CARE APP?

            The mobile self-care app can be used by any MTN Nigeria prepaid, postpaid or e-postpaid customer who has the Customer ID and Security Key.

Question:  WHY DO I NEED A CUSTOMER ID?

            You need customer ID for additional security so no third party can have access to your application and make changes to your account.

Question:  WHY DO I NEED A SECURITY KEY?

            Your security key will ensure your data is secured on the MTN network.  During authentication the security key is transmitted over the secure channel.

            Login session timeout is maintained as 5 minutes, meaning the app will automatically logout 5 minutes of inactivity.

Question:  WHY SHOULD I USE MTN MOBILE SELF CARE APP?

With the MTN Mobile Self-Care app, you can:

*          Check your account profile

*          Check your recent account recharges

*          Subscribe to MTN callertunez, music and games on MTN Play

*          Subscribe to MTN callertunez, music and games on MTN Play

*          Check available balance and expiry data of your BlackBerry/Fastlink/mobile internet/Simple Surf data plan

*          Perform a Sim Swap on your lost/stolen MTN line

*          Purchase airtime or pay phone bills using your Interswitch ATM card

*          Retrieve your PUK code to unlock your SIM

*          Request for MTN Data Settings to manually connect to the internet

Question:  WILL I SUBSCRIBE OR ACTIVE THIS SERVICE?

            Yes, to use the MTN Mobile Self-Care app, you will simply send an SMS with  “CARE” to 5018.  A URL with the link to download the app will be sent as an SMS to your phone.

Question:  WHAT TYPE OF HANDSET CAN I USE TO ACCESS THE APP?

            The MTN Mobile Self-Care app is compatible with all types of mobile device platforms (phones and tablets) including Androids, IOS (Apple) BlackBerry and J2ME.

 Question:  WHAT HAPPENS WHEN THE APP DOES NOT GET DOWNLOADED ON MY DEVICE?

            If your device is supported and still having problem in installing the client – may be because of the low memory on the device.  Try uninstalling some application and install it again.

Question:  WHERE DO I LOCATE THE SELF CARE APP AFTER DOWNLOAD?

            In some J2ME devices you can find it under Applications, Java Applications, Games, File Manager, installations or any other folder that can be reached from the main menu of the phone. In some BlackBerry devices, it’s available under ‘installations’ (or) downloads folder.

Question:  HOW DO I RESOLVE THE ERROR MESSAGE UNABLE TO CONNECT?

            You will check if the mobile browser is working fine with the same setting that is used in the browser.  If this does not work then the issue could be because of the wrong APN Setting.

            << Click here to Configure you APN >>

Question:  HOW DO I RESOLVE THE ERROR MESSAGE: ERROR IN FETCHING DATA FROM SELF CARE NODE TRY AGAIN?

            You can try sending this request again, if this error message persist, call our customer care line on 180 or send a mail with details of this issues to customercare@mtnnigeria.net

Question:  HOW DO I RESOVLE THE ERROR MESSAGE UNABLE TO CONNECT ON ANROID HANDSET?

            This generally happens when the device is connected to the 3G and it is the known issue in the Android device.

            You will need to disable and enable the data connection.

Question:  CAN THE MOBILE APP WORK ON WI-FI?

            No.  At this point of time it works only over the GPRS/3G connection

Question:  HOW DO I CHECK SIM SWAP STATUS?

            The Self-care Client provides the “Transaction ID” after processing SIM Swap operation.  Use “Check Status” in “SIM SWAP” option and verify the status for the given transaction ID.

Question:  WHAT HAPPENS IF MOBILE APP IS NOT DISPLAYING RECENT CALLS/SMS/DATA/RECHARGE DETAILS?

            Your usage details will be available after 1 to 2 days only.  For example your usage for today will only be available a day or two days later.

Question:  HOW DO I KNOW MY DATA SUBSCRIPTION WAS SUCCESSFUL?

            SMS message will be sent to you on successful data plan subscription irrespective of whether the device is switched on or off.

Alternatively you can check via “My Balance” to check your data balance. 

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MTN SEASON OF SURPRISE NOW YEAR OF SURPRISE SECRET BEHIND IT | MTN DATA

No doubt MTN Nigeria is one of the leading and reliable GSM mobile network provider in Nigeria.  Recently, MTN Nigeria last year announced a promo tagged Season of Surprise.  It was a month long promo through which subscribers were reward with bonus call credit, bonus SMS and even some were given bonus MTN data to access the internet.  The Season of Surprise promo of using just #50 to get almost N8,000 credit was attractive to us all but it’s beneficial to MTN Nigeria in many ways too.

See also: 

MTN Unlimited Call Rocks Again With Just #50, #200

MTN SURPRISE DATA PLAN 1.3GB FOR 1K | 3.7GB FOR 2K MTN INTRODUCES NEW DATA PLAN

Since November 2014, MTN have been coming out with different surprises.  We are in the ninth month of the year and I am sure their bag of surprise is yet to be empty.  But before they come out with the end of the year surprise, I will try to look at most of what MTN have offered their subscribers this year and what benefits can they be getting from such gestures.

See also:  Mobile Money from Diamond Y’ello Account/MTN Partnership and How to Open

See also:  MTN Zone: Meaning, Benefits, Tariff and Dialing Codes

MTN Nigeria is currently giving credit up to eight thousand naira N4000 and N4800 in two different accounts to selected line for just N50 per day and N200 per week.  Some Nigerians have to try up to three sim/lines before they can get a line that is eligible for the offer.  If you are yet to benefit from the promo, the code for this offer is *142*3*1#.  Some selected lines are also enjoying 100% bonus on all recharge but it is valid till 11:59PM of the day.  More surprise is here with MTN weekend bonus of 100% to be used till the end of every weekend.  MTN Nigeria is definitely throwing more surprises to the party.

See also:  MTN missed call alert, MTN who called service, MTN notify me service | MTN new features

The bonus credit code was originally *567*1# “it was a bonus of N33,600 for just N30 imagine!”.  The subscription code was later changed and also MTN carried out some changes to the promo.  MTN Nigeria has not totally neglected the *567*1# and they are currently using it to surprise some of their customers with Call Credit and Internet Data.  This is again being offered to selected line and the surprise even differs from one subscriber to another.  I was given 1000minutes of call time and some internet data for just N1,500 only with 1 month validity.  Others are given less value for a lesser amount and with 7days validity.

See also:  How to make any VPN’s shareable via hotspot tethering the coolest method | MTN Data

MTN Nigeria is also beginning to increase the value of the data given for each price.  One thousand naira purchase will give you up to 500MB of data “I still believe SME Data is better and you can check it out here”.

Not all the surprises have been very pleasant.  They have surprised a lot of their customers by blocking their main line with little or no prior notice. 

Those that were notified have to queue for hours and some even for days before they can re-register as requested of them.  It is a directive from Nigeria Communication Commission (NCC) as we are told; it’s applicable to all GSM service providers’ lines in Nigeria.

You may like to read:  Infinix Hot 2 Full Review and Specification –Africa’s First Android One Smartphone | Lollipop

One other surprise was that newly registered MTN Nigeria lines were able to browse without subscription early in the year 2015.  Some were even able to share data to other lines without making any purchase of data.  Don’t jubilate; it is no longer working.  If you wish to enjoy MTN internet access, then make a subscription to any of their data plans.

Finally,

Our Dear MTN DATA Readers, MTN is without doubt the biggest GSM service provider in Nigeria and anything that the company does will always have an effect on the sector.  Again, MTN must find a way to keep customers and acquire new one in a very competitive environment.

It is there a possibility that MTN is bringing out this surprises as a way to keep their customers.  One of the factors that are used to determine the size or position of GSM service providers in Nigeria is the number of action users on their network.  If you want to enjoy the bonus credit offer and you are not given on your main line, you will automatically purchase another line.  Your main line will still be important to you because that is known by your friends, family, business associate and even your bank.

What better way can you now find that allow a GSM operator to keep its customers and increase the number of active lines? Your answer might be as good as mine.

Kindly use the comment box below to join the discussion or ask question about any of the MTN surprise products and bonuses.

You can always follow us on twitter @mtndatashare
Telegram @mtndata
Facebook Page www.facebook.com/justmtndata
WhatsApp +2348068930609
BBM:  56378E6D

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Hot!!! N200 for 200MB Glo launches Twin Bash | Glo Nigeria | Unlimited DATA

Nigeria’s Next Generation Network, Globacom, has unveiled a unique offer for data subscribers whereby when they load data directly using a recharge card, they get free airtime to make calls.

Glo Nigeria is not getting tired with their end of the year promo.  The Nigerian owned company is out again with Glo Twin Bach which will offer subscribers data, plus credit to call other networks and also plus credit to call family and friends on a single recharge.

Announcing the new offer called Twin Bash in Lagos on Wednesday, Globacom’s Executive Director, Legal Services, Mrs Gladys Talabi said that any subscriber who recharges N200 airtime for data by dialling *223*PIN#, will get 200 MB of data worth N800; another N200 airtime to call or send SMS to any network, and N200 airtime to call 10 family and friends. The subscriber will therefore get N1,200 value for a data recharge of N200 and the recharge is valid for 4 days.

She said similarly, subscribers who recharge with a N500 recharge card will get 500 MB of data, N500 airtime to call or send SMS to any network and N500 airtime to call 10 friends and family members. The benefits are valid for 7 days.

Those who recharge using a N1000 recharge card will receive N1000 free airtime to call or send SMS to any network and N1000 free airtime to call 10 friends and family members. This will be valid for 15 days.

Mrs Talabi disclosed that all the subscriber needs to do is to buy recharge card and load the PIN by dialling *223*PIN # to enjoy Twin Bash benefits. With the Twin Bash promo, Globacom is making it convenient for data subscribers to recharge for data while also getting free airtime to call.

She said the company has invested enormously on network upgrade to build in more capacity and coverage in the last one year, adding that this has led to significant improvement in the quality of voice and data service.

This offer follows closely on the heels of the launch, a few weeks ago, of the Free Tomorrow plan, wherein subscribers get double the amount of whatever airtime or data they use in one day the following day to browse, sms or call all networks.

HOW TO ENJOY GLO TWIN BASH?

Buy a Glo recharge card of 200Naira

Load it using the USSD code *223*PIN#

Alternatively

Buy a Glo Recharge Card of 1000Naira

Load it uing the USSD code *223*PIN#

WHAT GLO IS OFFERING?

For the 200 Naira recharge, you will be given 200MB of data, Plus (+) 200 Naria to call  any network and Plus (+) 200Naira to call your family and friends numbers.

For the N1000 recharge, you will be given 1000M of data, Plus (+) N1000 to call any network and 1000 to call your family and friends numbers.

I just wish Glo won’t further congest a network that is already highly congested but the Glory users, more is coming soon.

For question and clarification, please make use of the comment box below, for personal discussion, kindly follow @mtndata on telegram

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BUY MTN, GLO, AIRTEL, ETISALAT, VISAPHONE AIRTIME ONLINE USING YOUR DEBIT & CREDIT CARD | MTNDATA's 1-CLICK TOP-UP

EASIEST WAY TO TOP UP YOUR MOBILE PHONE

Do you know that everything has become simple and easy? Do you know there no more stress in recharging your mobile phone? Do you also know that you can top up you mobile phone directly from our official website?. Today I’m happy to tell you that you can now get your mobile phone top-up here directly with some simple steps then you are done.
This service is available for free which you can operate at the comfort of your room and it is available to all network remember, I said it is free so there's no hiding charges on using this service, all you need to do is to follow the procedure.  Quickteller alternative.

You can use this service anytime 24/7, there is no limit in the amount you can top up that is you can recharge as many time as possible daily so keep recharging your mobile phone.

HOW TO TOP-UP ANY NETWORK OF YOUR CHOICE USING MTNDATA’S 1-CLICK TOP-UP?
Our Top Up application is on the right side of the page if you are using desktop view but you are going to see it at the bottom of the page using mobile view.

Here We Go!.

STEP 1: Click on Network to select your network [MTN , GLO , Airtel , Etisalat, Visaphone] just select any of your choice

Step 2: Mobile Number, enter the mobile number you want to credit [e.g 08068930609]

Note:   Don't include any country code

            Correct Format: 08068930609
            Wrong Format: +2348068930609

Step 3: Then enter the amount you want to Top Up your line, and click on Proceed to payment.

                    After that just wait for the next page, in order to select payment method. When the page is display.

Step 4: You see something like this [select payment option] then select payment option and follow the next step.

Step 5: You need to enter your email in order to receive the receipt number in case you having a problem with your transaction or (type [mtndatashare@gmail.com]) then click make payment.

Step 6: Input you payment detail and click on PAY, after checking through your details and validate it then you need to enter your OTP code (OTP code is a digit number sent to confirm rightful owner of the card. This code will be sent to your mobile line you used to register at the Bank) or If you having TOKEN 6 digit number and proceed to finally Top Up your mobile phone without any further assistance.

Note: Your cvv2 is the 3 digit number as the back of your card.

In case you get transaction fail or topup successful but no VTU alert.  Don't Panic, it do happen sometime even gtbank airtime topup do fail sometimes.  The system have been design to auto resend each failed transaction after 2-3 minutes.
If you didn't get any alert after 2 - 3 minutes please do call our 24/7 customer care on: 08068930609.

You don't have to doubt if this is real or not....  If it doesn't works as stated above and more... Just let us know through the comment section below.  But if it works great, why not share with others.

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