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Account type |
Transactional value per day |
Balance limit on account |
KYC requirements |
Agent | K300,000 | K1,000,000 | - A copy of NRC or Passport - Agent Picture - Proof of residence as either: (i) Utility bill in Agent or Agent's company name (ii) Title deed (iii) Stamped letter from the Bank |
Commercial | No Limit | No Limit | - PACRA Registration document - Current Lease Agreement or letter from the bank as proof of residence - NRCs or passports of all directors |
Corporate | No Limit | No Limit | - PACRA Registration document - Current Lease Agreement or letter from the bank as proof of residence - NRCs or passports of all directors - Board Resolution authorising opening of Agent Account - Signed Agreement with cGrate |
Airtime Sales Discounts | |
Network Provider | Upfront Discount earned (%) |
MTN | 3.50% |
Airtel | 2.80% |
Zamtel | 4.50% |
Chaopena Airtime Discounts Bonus | (Sell more Airtime earn more discounts) | |
Min Monthly Value | Max Monthly Value | Total Discount Earned |
- | K14,999.00 | 0% |
22,500.00 | 29,999.00 | 3.75% |
30,000.00 | 44,999.00 | 4.25% |
45,000.00 | 250,000.00 | 4.75% |
Description | Basic |
TAP POS Machine price | K3,750 |
Bluetooth Printer | K850 |
DStv | 1% |
GOtv | 1% |
Topstar | 1% |
Zesco | 1% |
Liquid Telecom | 5% |
MLife | 3% |
POS Paper | Free |
Machine Repairs | As per quote |
Transaction Amount (K) | Transaction Fee (K) | Mobile Money Transaction Levy (K) | Total Fees (K) |
Between 1 to 150 | 5 | 0.08 | 5.08 |
Between 150 to 300 | 5 | 0.1 | 5.1 |
Between 300 to 500 | 5 | 0.2 | 5.2 |
Between 500 to 1,000 | 5 | 0.5 | 5.5 |
Between 1,000 to 3,000 | 5 | 0.8 | 5.8 |
Between 3,000 to 5,000 | 5 | 1 | 6 |
Between 5,000 to 1,0000 | 5 | 1.5 | 6.5 |
Above 10,000 | 5 | 1.8 | 6.8 |