AGENCY BANKING - FINANCIAL INCLUSION SERVICE (IFIS AGENT)

Interswitch Financial Inclusion Service (IFIS) provides an Agency Banking platform for Microfinance Banks/Cooperatives/ SMEs/MSMEs to earn additional income when signed up as a Quickteller Paypoint Agent Platform. Quickteller Paypoint is the trade name for Interswitch Financial Inclusion Services.

Quickteller Paypoint Portal (https://paypoint.quickteller.com/) provides the platform  for Airtime Recharge, Bills Payment (ranging from EEDC (Prepaid/PostPaid), DSTV,  GOTV, StarTimes, Trend TV(CTL, and many other cable TV), Enugu State Water Corporation,  Enugu State IGR (Board of  Internal Revenue), Enugu State Motor Vehicle Administration,  Enugu Sate ESWAMA,  Airline booking, many other billspayment), Fund Transfer and Cash Withdrawal using a Point of Sale (POS) Terminal provider by Interswitch. It is safe, easy and convenient.

Specstech Africa, An Interswitch Agent Aggregator setup the Quickteller Paypoint Platform at zero cost to our Prospective client.

BENEFITS OF BEING AN IFIS AGENT (Quickteller Paypoint Agent)

  • Agents earn attractive commission (from N50 and above according to Agent’s discretion) per transaction for all Quickteller services which is an additional income to the agent’s business.
  • There is a guaranteed volume of transactions due to rich bouquet of products and services on the Quickteller Platform.
  • Good brand association: Interswitch brand and growing Interswitch Financial Inclusion Service network
  • Training and dedicated field support is guaranteed.
  • Comprehensive branding and marketing support
  • Social relevance to the community where Agent operates.

REQUIREMENTS FOR BECOMING AN IFIS AGENT

Quickteller Paypoint Prospective Agents must ensure they provide the following as below:

  1. Complete Agent application form/agreement and account package (Provided by the SPECSTECH Africa).
  2. Provide a copy of valid ID or its equivalent (Driver’s license, National ID card, Int’l passport, Voters Card, TAX payer ID Federal or State).
  3. Provide one passport-sized photograph (Prospective Agent)
  4. Provide Guarantor’s Passport -sized photograph
  5. Provide proof of business address (Utility bills e.g. EEDC, ESWAMA, Water bill, Business Premises)
  6. Provide a reachable phone number, functional Email address and BVN (mandatory as directed by the regulatory body (CBN)
  7. Provide Copies of  Corporate Affairs Corporation Registration documents  (Certificate of Incorporation, Forms CAC 2 and CAC 7), If agent has registered business name
  8. Guarantor must provide information as required and sign off at the space provided.
  9. Prospective Agent must have a physical business location with address

QUICKTELLER PAYPOINT PROJECT COST

S/N

FINANCIAL COST

AMOUNT

1

Training/ Support

 Free

2

Required Agent’s Startup Capital

(To be deposited into Agent’s wallet)

 N5,000

3

 Use of  Quickteller Paypoint Mobile App on Google play store or on https://paypoint.quickteller.com/

 Free

4

 Point of Sale (POS) Terminal

(Take note Agents are entitle to free POS terminal if transactions account is over  300 within two months)

 N65,000 

 

4

 Point of Sale (POS) Terminal

(Take note Agents are entitle to free POS terminal if transactions account is over  300 within two months)

 N65,000 

5

Bluetooth Mobile Printer for Quickteller Paypoint Mobile App

(Note Quickteller Mobile App compactible with Android 8 and above)

 25,000

 

AGENTS REGISTRATION AND SETUP PROCESS

  • Submission of Agent’s completed Interswitch Financial Inclusion Service registration form/agreement.
  • Provision of Agent’s minimum Start-up Capital of N5, 000 to fund Financial Inclusion Service operational bank account either by cash deposit or funds transfers.
  • The location and human resource for the Agent service are inspected and certified by a Financial Inclusion Partner (FIP).
  • The IFIS Agent account is activated and Agent receives login details and a credit alert to the tune of the deposited start-up capital.
  • Agent undergoes Financial Inclusion Service Agent Banking training
  • Agent commences full operations.

 IFIS PRICING STRUCTURE

TRANSACTION TYPE

TRANSACTION BAND

TRANSACTION FEE

AGENT SHARE

Bill Payment

Any Amount

100

50%

EEDC

Any Amount

zero

1.75% of Amount Received

Funds Transfer

N1- N50,000

100

50%

Above N50,001

150

50%

Cash Out

Any Amount

152

N50 (POS SOLUTION)

Airtime Recharge

Any Amount

4.20%

4.20%

              

In Conclusion we look forward to your signup on the Quickteller Paypoint Agent platform.