The introduction of the Bank Verification Number (BVN) has greatly simplified identity verification in the Nigerian banking system.
As such, becoming a BVN registration agent can be lucrative for those looking to make an income.
In this article, we’ll discuss the steps you need to take to become a BVN registration agent.
How To Become BVN Registration Agent
First, you’ll need to apply to the Central Bank of Nigeria (CBN) to become a certified BVN registration agent.
This process requires that you provide information about your organization, the services you’ll provide, and the equipment and software you’ll use to perform those services.
Once you’ve done this, you’ll have to undergo training, both online and in-person, to understand and be able to perform the processes involved in becoming an agent.
The next step is to obtain a BVN agent permit.
This must be acquired from the Nigeria Interbank Settlement System (NIBSS).
Your permit will include a list of services and products you’ll be allowed to offer, as well as any special terms and conditions associated with those.
Once you have obtained the permit, you’ll need to open an account with one of the Nigerian banks to start performing your services.
You’ll need to apply for a bank account form, provide the proper documentation, and ensure that you have all the necessary software, hardware, and personnel to run your operations.
Once you’ve set up your account, you can begin enrolling customers for BVN services.
You’ll do so by gathering the necessary documentation from the customers and providing them with instructions to complete the BVN registration process.
You’ll need to ensure that the customers understand all the details of the registration process, as well as their rights and responsibilities as a result of becoming a BVN holder.
Finally, you’ll need to register the customers’ BVN numbers with the Central Bank of Nigeria and the Nigerian Interbank Settlement System.
This will enable the customer to use their BVN services with more networks and banks.
By taking the above steps, you will be able to provide excellent services to your customers and gain the necessary trust that will enable your business to build a successful BVN registration agency. Good luck on your journey to becoming a BVN registration