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Home » Finance » How to Buy M-Pesa float from Co-operative Bank

How to Buy M-Pesa float from Co-operative Bank

Davis Njagi by Davis Njagi
September 19th, 2022 2:30 pm
in Finance
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How to Buy M-Pesa float from Co-operative Bank
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Table of Contents

  • How to Buy M-Pesa float from Co-operative Bank
    • M‐Pesa Agent Requirements
      • Minimum M‐Pesa Cash Investment
      • Technical Requirements
      • A Comprehensive Guide to Credit Card Perks and Benefits, Travel Insurance, and Extended Warranties
      • The Most Lucrative Positions in Finance
      • All you have to Know about Absa Savings Account
      • Family Bank Contacts and Internet Banking

How to Buy M-Pesa float from Co-operative Bank

Buying safaricom M-Pesa float can be a little confusing if you are not familiar with the process.

Safaricom M-Pesa float is a valuable service, so it is critical to locate a reputable provider.

Below is the guide on how to Buy M-Pesa float from Co-operative Bank

  1. Dial *667# and call
  2. Enter your Mco-opcash Pin (4 digits)
  3. Select Option
  4. Buy M-Pesa Float
  5. Enter the agent number
  6. Enter the store number.
  7. Select account to debit
  8. Enter amount and confirm.

M‐Pesa Agent Requirements

The following are the requirements for appointment as an authorized M‐Pesa agent.

  • Prospective agent must be registered as a LIMITED company or equivalent with at least 3 outlets ready to offer M‐Pesa under the company names. The company MUST have traded for a minimum period of 6 months.
  • Proposed outlets shall be audited prior to commencement of business.
  • Only applications for outlets in opportunity areas will be considered.

Minimum M‐Pesa Cash Investment

An agent will be expected to invest the following amounts:

  • Ksh 100,000 per outlet for
  • Ksh 100,000 for SIMEX (SIM replacement cards).
  • Ksh 100,000 per outlet for additional outlets for float.

Successful agents will be required to deposit this money within one month of signing the contract, failure to which the contract shall be revoked.

 

Technical Requirements

The agent head office must have the following equipment to ensure that operations are conducted in a professional manner:

  • 1 Computer and ancillary equipment approved by Safaricom. At least 512 MB with Windows 2000.
  • At least 2 people to handle head office operations on a day-to-day basis (may not be on a full-time basis).
  • Internet connectivity with connection speeds acceptable to Safaricom.
  • 1 printer for printing downloaded reports.
  • Any other items/equipment necessary to conduct the business-like desks chairs, stationery, pens and a
  • pay point.
  • A telephone line either landline or mobile for contact.
  • An official E‐mail contact.
  • An ETR Machine.

Read More

A Comprehensive Guide to Credit Card Perks and Benefits, Travel Insurance, and Extended Warranties

The Most Lucrative Positions in Finance

All you have to Know about Absa Savings Account

Family Bank Contacts and Internet Banking

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Davis Njagi

Davis Njagi

Davis Njagi is a technology-focused content writer and web developer with over 5 years of experience in the industry. He focuses on writing articles about the most recent developments in business, finance, and technology. Davis also works as a Freelance Fitness Consultant for customers, designing compelling workout plans that align with their fitness objectives in addition to writing and web development. He graduated from Kenyatta University with a degree in exercise science and from Dima College with a diploma in information technology.

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