How to Register As a MTN Mobile Money Merchant.

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If you want to become a mobile money merchant in Ghana, you should read this article to the end. It has all the info you will need to become MTN mobile money merchant.

Mobile money payments have made Ghana’s journey to the cashless system a smooth one. Everyday, a lot of people withdraw and send money to loved ones.

Although there are lot of merchants around, the demand of momo transactions keep increasing.

Venturing into the mtn mobile money merchant business is still considered as a good choice and a lucrative one as you’ll be able to get your fair share of the cake each day.


Who is a Mobile Money Merchant?

Mobile money merchants are authorized persons from telecommunication networks, who are allowed to assist MTN mobile money subscribes load cash into or withdraw cash out of their wallets. They are also called mobile money merchants. At least every junction you reach in Ghana, you will see an agent over there.


Requirements for MTN Mobile Money Merchant registration

To register successfully you need to meet the following requirements.

Applicant must have

  • A registered business
  • Mobile phone for transactions
  • physical business location


MTN Mobile Money Merchant Registration steps

There are basically four steps to register for MTN Mobile Money Merchant. We have broken them down below.

Initial registration on phone

Formerly, if one wanted to register as a mobile money agent with MTN, he had to visit the office but now the registration can be initiated on phone. MTN will receive your details and application and get back to you as soon as possible. See how to start the registration on your phone below.

  1. Open mobile phone dialer
  2. Dial *5051#
  3. Select Register (first option)
  4. Choose your region
  5. Follow the proceeding steps to complete registration
  6. After a successful registration, an SMS with a reference (ref) number will be sent to your phone
  7. If your application is accepted, an MTN agent will be dispatched to inspection your business location
  8. If you pass the inspection, you will be required to fill the business registration form. See that below.

Alternatively, you can fill the form on their website below, for the initial registration.

Filling the business detail form

Business registration is a basic requirement for MTN mobile money agent registration. If you have not yet registered your business do so by following the steps HERE. Now let’s look at what the business registration entails.

The business detail form also known as the agent/merchant registration form takes every details of your business, that is business name, bank details, business location, and owner’s details.

  • Business name
  • Business registration number
  • Trade name
  • Type of business
  • Ghana Post GPS Address
  • Business address
  • Owners full name, email, identification card type ad number, mobile phone number, next of kin, and source of funds
  • Bank details

Once you are done filling this form, proceed to fill the account handler form

Filling the account handler form

The information required here are personal details of the merchant (not business owner). If you are the business owner, then use the same details you used in step 2.  See the details required by MTN below.

  • Residential address
  • Identification card details
  • Marital status
  • Employer/employee details
  • Mobile money (momo) authentication questions

Agreement to Terms & Conditions

After you are done with all the process above, you are required to review the terms and conditions that govern the MTN mobile money merchant business.


MTN Mobile Money Merchant SIM

You will get your merchant sim card from MTN after you’ve met all the requirements above. The merchant sim will be used for all mobile money transactions and other related services.

For those of you that do not have a registered business yet, you can buy a merchant sim from an existing momo agent willing to sell at a competitive price.


All questions answered

[sc_fs_multi_faq headline-0=”h3″ question-0=”How much is required to become a momo merchant?” answer-0=” Per information gathered by our team, there is a GHC 3,000.00 – 4,000.00 capital requirement to become an MTN momo agent in Ghana.” image-0=”” headline-1=”h3″ question-1=”How can I start a mobile money business in Ghana?” answer-1=” After successfully completing the registration, you can start the business.” image-1=”” count=”2″ html=”true” css_class=””]

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