The Cards & Verified Payments Units supports Financial Institutions with the acquiring and setting up of e-zwich agents. These agents supports with the provision of e-zwich services to cardholders.
Setting Up an e-zwich Agent
Generally, the requirement for setting up as an e-zwich agent is same across platforms i.e. mobile money agent, bank agent and e-zwich agent. Prospective e-zwich agents must have a bank account with a financial institution in addition to the following documents:
- Valid Company Registration documents (Registrar General ONLY)
Valid National Photo ID of Applicant
Area (s) of operation (Detailed directional map to agent location(s) or nearest land mark – GPS - digital address)
Details of existing business account/new account with a recognized Financial Institution (Banks/Savings &Loans/Rural Banks)
After a successful validation by the bank, the agent would be provided the following logistics requirement:
- Point of Sale Terminal (POS)
- Merchant Card
- SIM Card (any network)
- Paper Roll
Agents on the e-zwich platform are setup to provide the following banking services:
- Cash deposit
- Cash withdrawal
- Cash transfers to e-zwich cards
- Cash transfers from e-zwich Card to any Mobile Money wallet
- Cash transfers from any Mobile Money wallet to e-zwich Card