Do you know?

-According to NCC, we have over 160 million active GSM LINES in Nigeria as at June 2017.
-Telecoms Average Revenue per User in Nigeria is N6, 000 per month, therefore
-Monthly airtime, Bills Payment and other Vending Platforms usage per month is N1 Trillion Naira
-Telecoms are NOW focusing on Vending Platforms than Logical Sales (Paper Recharge)
-Vending Platforms process transactions running into Trillions of Naira annually.
-You can own your own Business Selling Airtime Recharge, Cable Tv and Electricity Bills Tokens like iRecharge (www.irecharge.com.ng/irecharge_biz) and earn up commissions running into millions on every transaction made by you.

Why is Vending Services now the Vogue?

- The BANKS are Crazy about Vending Platforms, GTB is doing Vending Services, Ecobank is doing Vending Services, UBA is doing Vending Services Stanbic IBTC is doing Vending Services virtually almost every bank in Nigeria is participating in one form of Vending Services or the other.
-Even the GSM Networks are doing Vending Platforms with their Credit Borrowing Idea, USSD Banking, Payments and Transfers and are raking in commissions and stylishly taking market away from the Recharge Card/Paper and Over the Counter Vendors Operators.
-There is a need to automate every possible process being undertaken by this service providing platforms
- There is a need to ease of stress and provide convenience to the workers and users of these services
-Recharge Card Business and Over the Counter Electricity, Tax and Cable Tv Payment Methods are fading out. Vending Platforms are gradually taking over
-You get to earn commissions on every single transaction you carry out
-This is an outstanding Business to put your Money, even the Commercial Banks will not give you this kind of commissions as Interest on your Long Term Savings.
-There is a need to have multiple sources of Income in Nigeria

What is Airtime, Data, Electricity and Cable Tv (VENDING PLATFORMS)?

The well known conventional way of loading a phone with Airtime Credit or Paying Your Bills is by buying a Paper or Scratch Card and then loading it on your phone with a USSD Code or Going over the Counter to pay for your Bills. The other way is the Digital method called E-Top Up (VIA VENDING PLATFORMS like www.irecharge.com.ng/irecharge_biz), your Phone Bills, Cable Tv, Data Recharge or Electricity Meter Bills would be directly credited by the vendor and there will be no need for scratching a card or loading with USSD or performing an Over the Counter payment. The buyer will receive an alert confirming the top up, or that Data has been recharged or would receive a token for his/her Electricity Meter or Cable TV.

Vending Platforms like (www.irecharge.com.ng) therefore is a Digital way of selling Airtime, Data, Electricity Tokens and Cable Tv Pins to users so their devices are credited automatically at their own convenience.

The well known and popular way by which Vendors make use of VENDING PLATFORMS is by buying a VENDING PLATFORMS API or by Signing-Up as a Vendor on the Vending Platform where an e-wallet is opened for you and then you fund and perform your transactions via that account that holds your E-Wallet.
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The advantages of this is that:

1. You will not need to carry Paper Recharge or Recharge Cards, helps you reduce messy Paper work and mix ups.

2. You can sell Airtime, Data, Electricity Tokens or Cable Tv Pins Subscriptions on the move, so we can call it a Mobile Recharging Business Platform or Professionally known as Vending Platforms.
4. You earn commissions on every single transaction you make, be it Airtime, Electricity, Data or Cable TV Recharge.
5. It safe keeps your pins and tokens from external parties
6. It saves you the stress of having to worry about closure and distance in making payments. It’s all about Convenience, Accessibility…

The disadvantage of this is:

1. you must have an active Internet Connection

However, Vending Platforms offering Vending Services Just Got Better with Our Vending Platforms App… the iRecharge App that can be downloaded on your various Mobile Store. Remember you can still Visit our Website on: www.irecharge.com.ng to perform the same transactions…


How Our VENDING PLATFORMS Platform Works

We now have a new innovation and more effective approach to Vending Services. This has taken care of the demerits of the Paper Recharge and Over the Counter Bills Payments. With our website you can

1. Just register on our website (www.irecharge.com.ng/irecharge_biz) and access your VENDING PLATFORMS ACCOUNT on our Web Platform, Mobile or Desktop Platforms.

2. If it’s 15,000 Naira only you have to start, you will be able to use the money to vend ALL NETWORKS (MTN, AIRTEL, GLO, 9MOBILE).

3. You can use any type of Internet Enable Phone to vend Airtime Credit, perform Electricity Bills Token Generation, Data Recharge or Cable Tv Subscription.

Our Vending Platforms allows you to earn or create an alternative avenue for Residual Income.

Benefits:
Offer instant top up as an alternative for change.
• Offer value added services to customers such as payments for
Tv, electricity and internet
• Increased traffic to the location considering the demand for
services on the platform.
• Gain commission on all transactions.
• Supports multi user simultaneous vending
• Increases Business brand Value
• Sell flexible airtime amounts between N50, 000 and N40, 000 to
any postpaid or pre-paid line.
• Vend airtime to CUG lines
• Free branding and training materials
• Increase average revenue per customer
• Increase customer retention propensity

Some screenshots of the web platform are shown below:

Activation fee for vendors is between N15, 000 – N25, 000 Naira….

Using the website for personal use does not attract any activation fee.

AIRTIME 10℅ discount all networks
Direct data 10℅ all networks
MTN SME data share N400 per GB

Www.vtu.com.ng/Invited-9.html
I believe it helps