How to Become a Kuda Bank Aggregator or Kuda Bank Agent

About Kuda Bank

Kuda Bank also known as Kuda Microfinance Bank is one of the widely used fintech industries in Nigeria. It aims to provide easy and accessible banking services to all individuals and businesses through its mobile app. Also, its mission is to make banking easier and more transparent to you. In light of this, Kuda Bank offers a wide range of innovative features and products to its customers.

Although Kuda Bank operates remotely, it allows you to open an account, manage your finances, and conduct various banking transactions from the corner of your room. Some of the features offered by the Bank are;

Zero fees policy
Instant notifications for all transactions you perform
Save as you spend
Bill payments
Fund transfers, savings goals, and more.

The good news is that your fund is safe with Kuda Bank because it is fully licensed by the Central Bank of Nigeria. Also, their deposit is insured by the NDIC so you do not have to worry about being scammed.

Who is a Kudaa Bank Aggregator?

A Kuda Bank aggregator is a person who partners with Kuda Bank to give its payment services to a wider customer base. They serve as a middleman between the company and the agents to access Kuda Bank’s payment facilities.

As an aggregator, you will play a crucial role in expanding the reach of Kuda Bank’s services. Because you will connect the Kuda Bank’s platform to a diverse network of merchants and agents operating in various sectors.

Who Is A Kuda Bank Agent?

A Kuda Bank agent is an individual or entity that works as a representative of the Kuda Microfinance Bank. You will work as a provider of financial services to individuals in your locality. Likewise, you will facilitate transactions on behalf of Kuda Bank customers.

Similarly, a Kuda Bank agent serves as a middleman between Kuda Bank and its customers. That is you will help Kuda Bank customers with various financial transactions and offer support for Kuda Bank’s services.

As a Kuda Bank agent, you will be able to offer financial services such as;

Account opening
Cash deposits and withdrawals
Fund transfers
Bill payments, and other financial transactions to Kuda Bank customers.

Benefits of Being a Kuda Bank Aggregator or Kuda Bank Agent.

If you become a Kuda Bank aggregator or Kuda Bank agent numerous benefits await you. Some of these are;

Becoming a Kuda Bank aggregator or Kuda Bank agent will open new opportunities for you and your business. It will help you to expand your service offerings and provide enhanced financial solutions to your customers.
Access to 24/7 Customer Services: As a Kuda Bank aggregator or Kuda Bank agent you will always have access to customer services units anytime of the day. Which will enable you to offer solutions to your customer’s queries.
Wide Financial Services: When you partner with Kuda Bank either as an aggregator or an agent you will be able to perform numerous financial services to customers in your locality.

The Requirements to Become A Kuda Bank Aggregator or Kuda Bank Agent

Before you can become a Kuda Bank aggregator or Kuda Bank agent, you must meet certain eligibility criteria. Some of the criteria that must be met are;

Valid means of identification
A registered business with a valid Corporate Affairs Commission (CAC) certificate
And having a physical location.

Having met the condition above you can now become a Kuda Bank aggregator or Kuda Bank agent.

How to Become a Kuda Bank Aggregator

After you are certain that you have met all the conditions set out by Kuda Bank to become an aggregator then you can become one. The steps below will guide you on your journey to becoming a Kuda Bank aggregator.

Reach out to Kuda Bank: The first thing you need to do before you can become a Kuda Bank aggregator is to connect with Kuda Bank. You can do this through the official website or customer support channels.

Then, indicate your interest in becoming a Kuda Bank aggregator you will be guided on what to do.

Complete the Application: You will be given an application form in order to fill in your information. Fill out the form, provide other relevant details accurately, and then attach any relevant documents to back up your information.
Verification and Approval: After you have applied to become a Kuda Bank aggregator you will have to wait for approval from Kudaa Bank. Before your application can be approved Kuda Bank will do some verification processes to check if all the information you provide is correct. After confirmation, your application will be approved.
Aggregator Agreement: After your application has been approved Kuda Bank will provide you with an agreement form. The agreement form entails the Kuda Bank rules and regulations, your roles, responsibilities, and obligations as an aggregator. Consequently, it is advised that you go through it thoroughly and understand it before signing it.
Training and Support: Ultimately, Kuda Bank will provide you with comprehensive training programs and ongoing support to you as an aggregator. This training will help you amass all the skills and knowledge needed to manage your customers without difficulties.

How to Become a Kuda Bank Agent

If you have met all the requirements of becoming a Kuda Bank agent it is important to follow these steps to become an agent.

Go to Kuda Bank’s Website: Go to the Kuda Bank official website. You can do this on your smartphone or laptop provided it is connected to an Internet service.
Alternatively, download the Kuda Bank Business app: To become a Kuda Bank agent you can also download the Kuda Business app on Play Store.
Navigate to the Agent Registration Page: Then go to the agent registration page. Here you will find the necessary information and forms to begin the registration process.
Fill Out the Application Form: Fill out the agent application form on the website. Here you will provide your personal information, contact details, and any other details requested by Kuda Bank.
Submit the Required Documents: After you have filled out the application form, Kuda Bank will require you to submit some documents to verify your identity and eligibility. These may include a valid identification document (such as a national ID card or passport), proof of address, your C.A.C certificate, and others.
Verification and Approval: After you have submitted your application form and documents, Kuda Bank will make some underground verification before you can be considered a Kuda Bank agent.

If all your information is correct then your application will be approved.

Training and Onboarding: Immediately after your application is approved, you will be required to undergo some training and onboarding sessions. This will help you to familiarize yourself with Kuda Bank’s products, services, and operational procedures.
Set Up A Location: Once you have been onboard as a Kuda Bank agent, it is necessary to establish a physical location for your agency. This can be your house, shop, or any other suitable space where customers can visit to access banking services. After that, you can start offering banking services to customers. Some of the services you can offer are assisting with account opening, cash deposits, and withdrawals, funds transfer, bill payments, and other services provided by Kuda Bank.

Conclusion

If you desire to explore opportunities in the banking sector and also become an integral part of the digital revolution then you may consider being a Kuda Bank aggregator or Kuda Bank agent.

I hope this post has given you valuable insights into the steps, requirements, and benefits of joining the Kuda Bank network. Why not embark on a journey to success in the digital banking realm now?

Frequently Asked Questions on How to Become a Kuda Bank Aggregator or Kuda Bank Agent

How Long will it Take me Before I Can Become a Kuda Bank Aggregator or Agent?

The time taken to become a Kuda Bank aggregator or Kuda Bank agent varies depending on several factors such as the time taken to complete the application form, the accuracy of the information you provide, and the evaluation process by Kuda Bank. Nevertheless, the process usually takes a few weeks to complete.

How Can I Receive A Payment Through Pay With Kuda?

In order to receive payment through Pay with Kuda you will have to sign in to your Kuda Business mobile app, then tap Sell.

The next thing is to type in the amount you want to receive from your customer and then tap the charge.

After that, tap Pay with Kuda and then Scan the QR code on your customer’s phone. Moreover, you can ask them to type in their Pay ID themselves.

However, never ask your customer to share their Pay ID with you. Ultimately, tap Send Receipt or Skip. In a moment you will receive a Credit alert.

What is Sales Mode and How Can I Turn On Sales Mode

The Sales Mode is a softPOS feature on the Kuda Business mobile app.

This softPOS turns your internet-connected smartphone into a POS terminal. Also, this Sales Mode on softPOS will allow you to turn multiple smartphones into a POS terminal.

Ultimately, the Sales Mode will help you to save money and also make it easy to monitor payments to your business account at any time.

In order to turn on the Sales Mode just follow the steps below;

The first thing to do is to Sign in to your Kuda Business mobile app, and then tap Sell.
After that, tap the menu icon in the upper-right corner of your screen. Then tap Sales Mode.

How Do I Add A New POS Device In Sales Mode

To add a new POS device in Sales Mode, first Sign in to your Kuda Business mobile app, then tap Sell. After that, tap the menu icon in the upper-right corner of your screen. And then tap Manage POS Devices.

Also, tap Add New Device then name the device, and then tap Create Access Code.

The next thing is to copy the access code to share it with your new user, then tap Okay. That is it. You have added a new POS device in Sales Mode.

How Do I Receive A USSD Or QR Code Payment With my Kuda Business Mobile app?

In order to receive a USSD or QR code payment with your Kuda Business mobile app first Sign in to your Kuda Business mobile app. After that, you will then tap Sell.

The next thing is to type in the amount you want to receive from your customer and then tap Charge. Furthermore, tap Pay with USSD. Then choose the bank your customer wants to pay with.

Ask your customer to dial their USSD code or they should scan their QR code with their phone. Ultimately tap Send Receipt or Skip.