How to become an e-Zwich Agent in Ghana
How to become an e-Zwich Agent / 2/27/2022/Accra: The e-Zwich service is an interoperable biometric payment system that connects all financial institutions in Ghana; allowing e-Zwich cardholders to perform banking and retail transactions at the outlets of other e-Zwich financial institutions.
This electronic payment regime was introduced in Ghana in the year 2008 by the Central Bank of Ghana as a means of promoting a cashless economy and also bridging the financial inclusion gap that exists in the country.
What are the requirements for registering as an e-Zwich agent?
Generally, the requirement for setting up as an e-Zwich agent is the same across platforms, that is 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 landmark – GPS – digital address)
- Details of existing business account/new account with a recognized Financial Institution (Banks/Savings &Loans/Rural Banks)
What logistics are given to the agent by the bank after being registered?
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
What services are provided by the e-Zwich agent?
Agents on the e-Zwich platform are set up 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
How do agents make earnings?
e-Zwich cardholders are charged some amount whenever they use the card to make payments. It is from these charges that the e-Zwich agents are paid their commissions. With more transactions, much commission can be made.
Accramail.com
