In this era dominated by online payments, providing customers with options to make payments without the need to visit a bank or intermediary to withdraw funds is a game-changer.
It not only caters to a broader customer base but also demonstrates the commitment to accommodate diverse payment preferences, ultimately fostering trust and loyalty among one’s clientele.
Having a till number for your business comes with a number of advantages, ranging from enhanced interoperability to streamlined financial reconciliation processes. This convenience that it offers is both in terms of accessing cash and facilitating smooth transactions, which cannot be overstated.
Also Read: Airtel Africa commences construction of Nxtra by Airtel, first data centre in Nigeria
Airtel Money is offering its business and institutional customers the ability to extend convenience to their customers by enabling them to make payments from their mobile phones to a till.
Here is how to set up your till today.
Requirements for a Sole Proprietor:
- Duly filled and signed application form & Terms and Conditions
- Signed Tariff Guide
- Copy of Business Registration/or Business Permit
- Individual or company KRA PIN.
- Copy of the National ID/ Military Service Number (Passport orAlien ID for foreign nationals).
- 6. Cancelled cheque or letter from bank confirming bank details
Requirement for a Limited Liability Company:
- Duly filled and signed application form & Terms and Conditions
- Signed Tariff Guide
- A stamped copy of the Certificate of Incorporation
- Covering letter on the company letterhead signed by at least two directors or designated senior officers stating:
- Authority to open a pay bill account or transact business on behalf of the company
- Appointed persons having signatory authority and provide copies of their identification documents
- Bank details
- KRA PIN certificate
- Copy of CR12less than 30 days old
- Copies of Directors’ IDs or Passports
- 8. Cancelled cheque or letter from bank confirming bank details
Requirements for Non-Governmental Organizations:
- Duly filled and signed application form & Terms and Conditions
- Signed Tariff Guide
- Copy of Certificate of Registration
- KRA PIN certificate
- Signed letter on letterhead from the NGO Board confirming registration and existence, including officials.
- Covering letter on the organization’s letterhead signed by at least two directors or designated senior officers stating:
- Authority to open a pay bill account or transact business on behalf of the NGO
- Appointed persons having signatory authority and provide copies of their identification documents
- Bank details
- Copy of identification documents of Directors i.e., copy of the National ID/Military Service Number (Passport or Alien ID for foreign nationals).
- Copy of identification documents of persons opening the account
- Cancelled cheque or letter from bank confirming bank details
Requirements for Partnerships:
- Duly filled and signed application form & Terms and Conditions
- Signed Tariff Guide
- Copy of Partnership Deed /OR Affidavit
- Copy of Certificate of Registration/or Business Permit
- Individual or company KRA PIN
- Copy ofidentificationdocuments of persons opening the account i.e., copy of the National ID/ Military Service Number (Passport or Alien ID for foreign nationals)
- 7. Signedletter from the partners (on companyletterhead) indicating:
- Authorizedoperators
- Settlementbankdetails
- 8. Cancelled cheque or letter frombank confirmingbank details
Requirements for denominational churches, branches of mainstream churches and non-denominational churches:
- Duly filled and signed application form &Terms andConditions
- Signed Tariff Guide
- Copy of Certificate of Registration
- Letter from the headquarters of the church signed by at least 2 church officials introducing:
- Authority of the branch to open a pay bill account ortransact business on behalf of the church
- Appointed persons having signatory authority and provide copies of their identification documents
- Bank details
- Copy ofidentificationdocuments used by signatory officials i.e., copy of the National ID/ Military Service Number (Passport or Alien ID for foreign nationals).
- Cancelled cheque or letter frombank confirmingbank details
- KRA PIN certificate
Airtel Money will continue to leverage the existing infrastructure of mobile money payments to ensure that its customers have the flexibility to diverse payment options in the market.