Mobile money, transfer and bill payment service point
Starting costs about 1,360,000 NGN in Nigeria and 349,000 KES in Kenya. After 12 months, this business can bring in about 151,000 NGN net per month in Nigeria and 21,800 KES in Kenya. The starting money comes back in about 18 months, with 50 hours of work per week.
Mundyo estimates, data as of 2026-11-02.
See the numbers for my countryFree, no account, in the currency of 250 countries.
The numbers
| Country | To start | Net per month (month 12) |
|---|---|---|
| Nigeria | 1,360,000 NGN | 151,000 NGN |
| Kenya | 349,000 KES | 21,800 KES |
| India | 170,000 INR | 15,900 INR |
| Philippines | 171,000 PHP | 14,200 PHP |
| South Africa | 55,900 ZAR | 3,730 ZAR |
Amounts adjusted to each country's price and income levels.
The problem
In many neighbourhoods and villages, people travel far to withdraw cash, pay a bill or receive money from family.
The solution
Become a licensed agent for one or more mobile payment or transfer operators: deposits, withdrawals, transfers, bill payments and top-ups, in a shop.
Your customers
Residents, traders, seasonal workers and families receiving money from relatives far away.
How you make money
Commission paid by the operator on each deposit, withdrawal, transfer or bill payment, plus margin on phone top-ups.
Competition
Other local agents, bank branches, money transfer counters, apps used without an intermediary.
Who has an edge
An established shopkeeper with footfall, known for honesty, able to manage cash flow and stay open late.
The risks
Theft and fraud, large amounts of locked-up cash, low commissions, contract dependent on the operator and its compliance rules.
The first 3 steps
- Meet local operators and compare terms and required float.
- Secure the shop: safe, camera, scheduled bank deposits.
- Display services and official fees clearly in the window.
How the numbers are calculated
Example in a high-income eurozone country, at month 12: revenue €1,500 − costs €1,050 = €450 net per month. Revenue: 1,500 transactions × €0.80 + €300 margin on top-ups. Costs: outlet rent, cash security, electricity, phone, social contributions. For other countries, Mundyo adjusts the starting budget to the price level (World Bank) and the income to prices and customers' purchasing power, then converts at the day's exchange rate.
Frequently asked questions
How much does it cost to start: Mobile money point?
About 1,360,000 NGN (Nigeria), 349,000 KES (Kenya), 170,000 INR (India), depending on the country. Mundyo calculates the amount for 250 countries.
How much can you earn per month?
After 12 months, about 151,000 NGN (Nigeria), 21,800 KES (Kenya), 15,900 INR (India) net per month, after costs.
How long until I get my starting money back?
About 18 months, with 50 hours of work per week.
What are the risks?
Theft and fraud, large amounts of locked-up cash, low commissions, contract dependent on the operator and its compliance rules.
Where do I start?
1. Meet local operators and compare terms and required float. 2. Secure the shop: safe, camera, scheduled bank deposits. 3. Display services and official fees clearly in the window.
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