PosoMoney Agent
PosoMoney Agent is a person or business that is contracted to facilitate PosoMoney transactions for PosoMoney users.
- An entity authorized by BotswanaPost to provide PosoMoney Services.
- A business partner, generating extra income/revenue stream.
Types of PosoMoney Agents and Requirements for Registration
Type A
These are small to medium businesses that have informal business operations and do not have much of a network presence.
Examples:
- Tuckshops
- Street vendor
Requirements for Registration for PosoMoney Agent Type A are as follows:
- Onen (1) or more business outlet
- Secure and safe operating premises
- Ability to support and grow the PosoMoney agent network
- Capability to initiate withdrawals and deposits of over P 2,000.00
Documents to be provided upon registration are as follows:
- Completed PosoMoney Agent application forms.
- Trading or council license
- Agent assessment form
- Applicants ID
Type B
These are large companies have formal business operations and have a network of more than one store.
Examples:
- Medium to large corporations
- Supermarkets
- Filling stations
- Building and construction stores
- SMEs
Requirements for registration are as follows:
- One (1) or more business outlet
- Equipment and technical ability to support and grow the PosoMoney agent network
- Minimum trading period of six (6) months
- Agent should be legally incorporated
- Demonstrated or known branch network/outlets (documented)
- Technical capacity (owing to integration requirements)
- Adherence to ‘Principal’s’ Compliance/Operational requirements
- Secure and safe operating premises
- Capability to initiate withdrawals and deposits of over P 4,000.00
Documents to be provided upon registration are as follows:
- Completed PosoMoney Agent application forms.
- Certificate of Incorporation or Certificate of Registration.
- Copies of IDs for the Administration Officers and Agent assistants as indicated in the application forms.
- Agent assessment form.