To help Breanice start her Mpesa business, here's what she needs to know:

1. Initial Capital: Mpesa Deposit: The minimum float required by Safaricom is typically Ksh 100,000. This is the money used to facilitate transactions. Business Setup Costs: Additional costs for setting up the shop (rent, furniture, signage, etc.) can range between Ksh 30,000 to Ksh 50,000. Miscellaneous Costs: Consider other expenses like utilities and marketing. A buffer of Ksh 20,000 would be prudent.
2. Licenses and Permits: Business Permit: Obtain a Single Business Permit from the county government. The cost varies by location but generally ranges between Ksh 5,000 to Ksh 15,000 annually. Mpesa License: Breanice needs to apply for an Mpesa agent line from Safaricom. This involves a vetting process, and she might need to be referred by an existing agent. KRA PIN Certificate: Required for tax purposes. Compliance with Regulations: Ensure compliance with any other local regulations or permits required for operating a business in her specific area.
3. Other Considerations: Security: Invest in security measures such as a secure location, CCTV, and possibly a safe. Training: It’s beneficial for Breanice to undergo training on Mpesa operations, which Safaricom often provides. Location: Choose a strategic location with high foot traffic but limited competition. By planning for these aspects, Breanice can set up a successful Mpesa business. Good luck!