MyPay Agent

 MyPay Agent

MyPay Agent is a person or business that is contracted to facilitate MyPay transactions for MyPay users.

• An entity authorized by MyPay Financial solutions LTD to provide MyPay Services.
• A business partner, generating extra income/revenue stream.

Types of MyPay 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:

• Tuck-shops
• Street vendor

Requirements for Registration for MyPay Agent Type A are as follows:

1. One (1) or more business outlet
2. Secure and safe operating premises
3. Ability to support and grow the MyPay agent network

Documents to be provided upon registration are as follows:

1. Completed MyPay Agent application forms.
2. Trading or council license
3. Agent assessment form
4. 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:

1. One (1) or more business outlet
2. Equipment and technical ability to support and grow the MyPay agent network
3. Minimum trading period of six (6) months
4. Agent should be legally incorporated
5. Demonstrated or known branch network/outlets (documented)
6. Technical capacity (owing to integration requirements)
7. Adherence to ‘Principal’s’ Compliance/Operational requirements
8. Secure and safe operating premises

Documents to be provided upon registration are as follows:

1. Completed MyPay Agent application forms.
2. Certificate of Incorporation or Certificate of Registration.
3. TPIN Certificate
4. Copies of IDs for the Administration Officers and Agent assistants as indicated in the application forms.
5. Agent assessment form.