E12 000 MONTHLY COMMISSION FOR MOBILE MONEY AGENTS

MBABANE – Mobile Money (MM) does not only continue to be a preferred mode of transacting, as it has recorded deposits in excess of E1.3 billion per annum, but it also remains highly regarded as a good business investment.

This has become evident through an analysis of statistics sourced from the Central Bank of Swaziland (CBS) which reflects that agents, receive varying commissions depending on traffic of transactions with some getting a monthly commission in excess of E12 000, increased by a whopping 149 per cent from 814 in December 2015 to stand at 2 033 at the end of December 2017. 

    
It should be mentioned that the customer withdrawals, which attracts the commission for agents, were valued at over E973 million by the end of December 2016, a massive improvement from E433 million recorded in December 2015.
CBS reported that MTN Mobile phone money transfer services maintained a growth momentum in 2016, with users recording a 28.4 per cent growth rate.

Justifying what led to the massive improvement in the MM transfer services, CBS said: “These increases are attributed to adoption of mobile money transfer services by different institutions comprising of both financial and non-financial including banks, pensions, SACCOs, merchants, like microfinance institutions (MFIs), credit financial institutions (CFIs), NGOs, insurance, government agencies, among others for cash disbursement and repayment of loans and salary payments as well as purchases of goods and services.”

Probed as to what goods and services were availed by Swazi MTN culminating in the improvement as explained by CBS, Corporate Affairs Manager Mandla Luphondvo outlined the provision of services which included, but not limited to: Swaziland Electricity Company (SEC) for electricity payments, Swaziland Water Services Corporation (SWSC) for water, Swazi TV for TV licenses and DStv for subscriptions among others.

Post your comment

Your name:

Your e-mail address:

Add your comments:

Please enter the code you see in the image:

Image:

Code: