Safaricom Blown Up By Equity Bank: Burial Date Soon

[Omollo]

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We can just wait for siku ya mazishi. This is one mega blow. On the other hand one can see the pervasive power and influence of tribalism. ALL the decisions have been made by ethnic Kikuyus. The applicant - Equity - is a Kikuyu.

The Energy and Communications Committee, chaired by Mr Jamleck Kamau,

[RV Pundit]

That is great move. Regulators (CAk,cbk) should always adopt pro-innovation stance. Equity with other banks opposed Safaricom M-pesa but CBK said no. Safaricom are now opposing the entry of Equity Bank and thankfully the regulators have said NO.

Now let us see the fight. I still see Equity being floored by Safaricom and others...first through interconnection fees...unless that slim card will only be used for sending and receiving money...but still Equity has to pay for sending and receiving messages via somebody else network.

I see Equity being slaughtered...but maybe they can win given the've build trust amongst the bottom pyramid.

[vooke]

Like I said before, Safcon was more concerned with self-preservation and they bribed some bazungus to exaggerate the risks of thin-SIM technology. What is certain is MPesa transaction fees will fall mighty fast and expect crazy promotions and stupid offers to blind idiots

http://www.nipate.org/index.php?topic=222.0

[RV Pundit]

I doubt. Safaricom are not making a lot of monies from transaction fees. Agents are complaining. Now add to taxes (VAT+sijui what). And there is really no scope for reducing transaction fees...

Equity are promising reduce fee..but how practically is that...unless they think kenyans will just be swapping money from accounts virtually...and not actually withdrawing them?

Equity will have to recruit 100,000 agents in every corner of kenya all armed with real money all the time to compete ....they will have to pay taxes....and the margins will become similar to M-PESA.

What is certain is MPesa transaction fees will fall mighty fast and expect crazy promotions and stupid offers to blind idiots

[Gumzo]

Thin Sim works independently as a second card without interfering with the primary Sim. The subscriber must select which Sim to use and only one Sim can be active at any one time. Taiwan-based Sim manufacturer Taisys Technologies, which has a similar slim sim technology, insists that the Thin Sim is not intended to disrupt or interfere with functions of the primary Sim.

The bank will integrate all its banking services into any mobile phone regardless of whether it is a smartphone or a feature phone, to give it the flexibility in pricing structure across its set services.

The idea could lead to a mobile money price fight but the end result could only benefit the customer. The lender said it will charge just one per cent on phone-to-phone transfers with a fee cap of Sh25 irrespective of the transferred amount.

[Gumzo]

http://www.economist.com - Disrupting mobile banking in Kenya

[Georgesoros]

Due to safety concerns, I will not recommend anyone use a thin simcard to transact money, especially when its not insured.

[Gumzo]

Due to safety concerns, I will not recommend anyone use a thin simcard to transact money, especially when its not insured.

You probably have loads of safaricom shares otherwise give solid reasons, CAK and CBK just okayed it 

[vooke]

I also recommend negroes to walk because matatus are metallic coffins

Due to safety concerns, I will not recommend anyone use a thin simcard to transact money, especially when its not insured.