The demand for VTU portal is on increase daily due high profitability of this business in Nigeria. Have you noticed that while most industries across the world are on lockdown, the #telecoms industry hasn’t slowed down one bit?! instead the industry has seen a dramatic spike in demand for #airtime, #data and #mobilepayment processes.
What is VTU And How Does It Work?
VTU Stands for Virtual Top Up. It’s a digital way of selling airtime credit automatically.
The well known way of loading a phone with airtime credit is by buying a Paper or scratch card and then loading it on your phone with a USSD code. The other way is the digital method called Virtual Top Up (VTU), with VTU, the phone will be directly credited by the vendor and there will be no need for scratching a card or loading with USSD. The buyer will just receive an alert that his phone has been topped up.
Nigeria has an estimated 92 million mobile subscribers who spent an average of ₦197 billion on mobile data each month.
Despite the fact that the Nigerian economy isn’t in good shape, that’s not stopping Nigerians and persons living or working in Nigeria from spending a huge amount of their income heavily on airtime, data and mobile payment services simply because communication is essential elements on human existence and they can’t just do without it no matter what.
VTU business is a multimillion dollar business you should consider venturing immediately.
How to Setup Your Own VTU Portal Without Knowing Hot to Writing A single Line of Code
What Your Need to Setup VTU Portal;
- Domain Name and Hosting: You will need a domain name and hosting space. Domain is simply the address of your website on the internet. This is the URL your customers will type on the browser and land on your VTU Portal. It’s important to choose simply and easy to remember domain name so that your customers can easily memorize your web address. You can purchase domain and hosting space from any good hosting company. Some of them are namecheap.com, whogohost.com, domainking.ng,web4africa.com etc
- VTU Portal Creator Web Application: This software contains all the features you will ever need to resell VTU and Bill payment services like Pro(Quickteller,Opay,Paga) etc. This software will allow your customers to signup on your own portal, get their own personalized Wallet which they can credit anytime to purchase #airtime, #data,#Electricity,#BettingAccount,#transfermoney etc directly from your portal making your money daily without you being online. Click here to download VTU Portal Creator Web Application,
- A Payment Collection System: You will need a payment collection system to receive payment from your customers. As a starter you can use your personal bank account. There are several payment gateway options for any SME in Africa. Some of the most popular are Paystack, Ravepay by Flutter. We recommend that you opt for the Flutterwave or Paystack payment gateway if your business is in Nigeria. The VTU Portal Creator Web Application already has these payment gateway integrated. All you need to do is copy the payment processor API key and paste on your software and Save. Firstly, you will need to create a business account on the website of your preferred payment gateway.