How To Become An Equity Agent

• Financial Stability
• Having an entrepreneurial Spirit
• Be a person with good reputation and high moral standing
• Your business premise must be in a very strategic business location
• Reach and catchment  place of business
• Business experience of at least  18months and above that can be proven through the business license
• Diverse product offering at their premises

Requirements To Become An Agent

• Description of the business commercial activity for the last 18 months
• KYC documents for the business and the owners of the business e.g National IDs,
• Registration certificate of the business
• Valid business license or permit
• Physical location, postal address, Tel. number and working hours of the business entity
• Evidence of the availability of funds to support agency banking
• Photos of the owners of the Business
• Photos of the exterior and interior views of the business
• Sketch map of the business and business owners

Benefits Of Being An Agent

• Automatic Reconciliation

The bank will provide reconciliation of your accounts through bank statements. Since transactions will be done online, we advise you to observe your accounts on a daily basis

• Growth in Customers’ Base

You will attract new customers to your establishment since you will become a one stop shop

• Optimize cash management

You will be more efficient in your management of money

• Enhance your Brand strength

Benefit from the strength of the Equity Brand

How To Become A Merchant

• Own a legal registered business
• Apply in any Equity Bank branch

Requirements To Become A Merchant

• Bank Statement/Financial Report/Annual Return(s) – where applicable
• Board Resolutions (where signatories are not the directors/shareholders)
• Valid National ID/Passport copy
• Updated Memorandum & Articles of Association
• TIN Certificate and VAT Certificate
• Partnership Deed (where applicable)
• Abstract from Registrar
• Certificate of Incorporation/Registration or Municipal License
• Merchant agreement (provided by Bank)

Benefits Of Being A Merchant

• Boost sales (moving your business from a cash only operation to one that accepts credit and debit cards results in increasing potential customer base)
• Helps level the playing field with your competition
• Cards encourage buying in general ( studies show that customers tend to spend more when paying by plastic instead of cash)
• Convenient to shoppers
• Eliminates the risk of fake notes, change issuing, Cash In Transit costs