MoMo

Merchant

Give your customers the gift of a seamless payment method whilst also ensuring that your enterprise has a handle and clear sight of the cash flow.

What your business gains

  • No transaction fees applicable to the business
  • Access to well-documented transaction history that will provide your business with the ideal edge to access formal financial services to help foster growth.
  • The ability to manage cash flow as money is stored safely and securely in a mobile money wallet.
  • Gets to recover money from customers much faster, by affording them the ability to make payments remotely, resulting in increased sales and reduced credit exposure
  • Receive payments hassle-free; no need to fret about small change
  • Your business will also gain actionable customer data, such as;
    • how frequently do they shop at your business
    • how much they spend 
    • customer’s mobile numbers 
  • This information can be used to target customers based on their shopping behavior which improves customer service and to communicate with them directly, e.g. via SMS

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How to become a MoMo Merchant and what you need

Company              

 

  • Memorandum and Articles of Association;
  • Resolution to open Account;
  • Certificate of Incorporation;
  • Trading License;
  • Form J & C;
  • Tax Clearance Certificate;
  • Lease Agreement for Company Premises (Where Applicable) or proof of physical address for entity;
  • Proof of residence for Directors with more than 25% shareholding;
  • National Identity document for all Directors.
 Partnership

 

  • Copy of Constitution or Deed of Partnership;
  • Partnership Resolution for Account opening;
  • Proof of physical address for entity;
  • Proof of residence for Signatories/Partners;
  • National Identity document for Signatories/Partners.
Sole Trader

 

  • Trading License;
  • Tax Clearance Certificate;
  • Proof of physical address for entity;
  • Proof of Residence for Sole Trader;
  • National Identity document for the director.
 Cooperatives and Association Customers

 

  • Constitution / By laws;
  • Commissioner of Co-ops certificate;
  • Proof of registration with FSRA;
  • Minutes authorizing opening of an account account/ Resolution to open Account;
  • Proof of address for Co-op;
  • Proof of Residence of Signatories;
  • National Identity documents for Signatories.
Churches

 

  • Church Constitution;
  • Resolution to open Mobile Money Account;
  • Signatories’ proof of residence documents;
  • Proof of physical address (confirmed by letter from city council / Umphakatsi depending on the location of the church);
  • Proof of Residence of Signatories;
  • National Identity for Signatories.
 Sports Teams

 

  • Constitution;
  • Affiliation letter from recognized body e.g. Football Association; Swaziland National Basketball Association.
  • Minutes of meeting when decision was taken to open and account/ Resolution to open Account;
  • Proof of physical address
  • Proof of Residence of Signatories;
  • National Identity for Signatories
Schools

 

  • Letter from Regional Office (REO);
  • School committee constitution;
  • Minutes of meeting when decision was taken to open and account/ Resolution to open Account;
  • Proof of physical address for School;
  • National Identity for Signatories
  • Proof of Residence of Signatories
 Non-Profit Making Organizations (NGOs)

 

  • Constitution;
  • Minutes of meeting when decision was taken to open and account/ Resolution to open Account;
  • Proof of physical address for NGO;
  • Proof of Residence of Signatories
  • National Identity for Signatories;
  • Other applicable documents.

Register as a merchant

Download the app!

Take care of your retail payments within the MoMo Services feature available on the My MTN app. Download the app and start buskin in a bold new digital world.

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