Selling or vending airtime via Virtual Top Up is a high lucrative business in Nigeria and the most encouraging part of it is that it requires just a little capital for a start up also, you don't have to stress yourself.
In this article, a simple definition of VTU will be made, the requirements needed for a start up will also be outlined, benefits of starting up a vtu business in Nigeria and lots more all you need to do is read carefully to the end.
Let me ask you a question, “Where and how do you buy airtime for your phone?” Probably through recharge cards, through a website (quickteller) or maybe airtime top-up from your bank’s mobile platform. I think buying through recharge cards is mostly used. If this is the resulting medium then I must tell you that you are on the loosing side.
What Is VTU (Virtual Top Up)
VTU meaning virtual top up, is a business where you act as a vendor and top up customers with airtime electronically. We all know about the common method of recharging phone with a scratch card or USSD code. But if we are talking about Virtual Top Up, the vendor (you) recharges a customer's phone with the help of a digital crediting system.
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