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Are the British trying to copy MPESA?
jaggernaut
#1 Posted : Thursday, February 16, 2012 8:33:20 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
kenmac
#2 Posted : Thursday, February 16, 2012 9:24:31 PM
Rank: Elder

Joined: 5/26/2009
Posts: 1,793
we cannot hoard technology. This being the sixth year of mpesa in operation, other countries have been sluggish in adopting it and replicate its success in their countries. We have embraced paypal, visa, mastercards, moneybookers, and a host of other technologies developed by others. I would personally be happy if mpesa or its derivatives were adopted across the globe. It would sigify that we can also technologically change the world, without crying foul that we are being copied.
......Ecclesiastes
Drunkard
#3 Posted : Thursday, February 16, 2012 9:47:50 PM
Rank: User

Joined: 5/3/2011
Posts: 559
I think it is different platform from the mpesa and very localized, Mpesa is designed specifically for developing world where there is few banks few ATMs and a large need to send money. This market profile is unique to developing countries, therefore deploying this technology to a market like british is not going to work.

I can deposit a check via a smartphone that is not the same platform as Mpesa, I can also tranfer money online which is exactly similar to what British bank is trying to do but via smart phone app.
For Sport
#4 Posted : Thursday, February 16, 2012 9:51:06 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Trying to copy MPESA from who?
Is MPESA Kenyan?
jaggernaut
#5 Posted : Thursday, February 16, 2012 10:50:07 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
Drunkard wrote:
I think it is different platform from the mpesa and very localized, Mpesa is designed specifically for developing world where there is few banks few ATMs and a large need to send money. This market profile is unique to developing countries, therefore deploying this technology to a market like british is not going to work.

I can deposit a check via a smartphone that is not the same platform as Mpesa, I can also tranfer money online which is exactly similar to what British bank is trying to do but via smart phone app.


But I have been transfering money online for ages using my phone among other things as a BBK customer using Hello money.

See the following info about the service.
With Hello Money, you will be able to:
Check your account balance and
mini-statements.
Transfer funds to your accounts, to
other accounts within Barclays and
to accounts in other banks.
Pay for your electricity and water
bills.
Order for your account statement.
Order for your cheque book.

www.barclays.com/africa/...roducts/hello-money.html
Drunkard
#6 Posted : Friday, February 17, 2012 12:45:26 AM
Rank: User

Joined: 5/3/2011
Posts: 559
@Jaggernaut
so what are you saying? are you agreeing with me or disagreeing?
livie
#7 Posted : Friday, February 17, 2012 5:50:00 PM
Rank: Veteran

Joined: 11/1/2008
Posts: 834
jaggernaut wrote:
Drunkard wrote:
I think it is different platform from the mpesa and very localized, Mpesa is designed specifically for developing world where there is few banks few ATMs and a large need to send money. This market profile is unique to developing countries, therefore deploying this technology to a market like british is not going to work.

I can deposit a check via a smartphone that is not the same platform as Mpesa, I can also tranfer money online which is exactly similar to what British bank is trying to do but via smart phone app.


But I have been transfering money online for ages using my phone among other things as a BBK customer using Hello money.

See the following info about the service.
With Hello Money, you will be able to:
Check your account balance and
mini-statements.
Transfer funds to your accounts, to
other accounts within Barclays and
to accounts in other banks.
Pay for your electricity and water
bills.
Order for your account statement.
Order for your cheque book.


www.barclays.com/africa/...roducts/hello-money.html



at wat cost?

If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
jaggernaut
#8 Posted : Friday, February 17, 2012 7:19:56 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
@livie
The service is free. You just have to pay for the SMS.
jaggernaut
#9 Posted : Friday, February 17, 2012 8:33:19 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
Even the BBC has acknowledged that Kenya has been at the forefront of mobile money technology and Britain & the developed world are trying to catch up.

www.bbc.co.uk/news/technology-17057570
Drunkard
#10 Posted : Friday, February 17, 2012 10:35:07 PM
Rank: User

Joined: 5/3/2011
Posts: 559
jaggernaut wrote:
Even the BBC has acknowledged that Kenya has been at the forefront of mobile money technology and Britain & the developed world are trying to catch up.

www.bbc.co.uk/news/technology-17057570


Mpesa, will and has been succesful in Kenya mainly because of our profile, the Mpesa technology is unique to us, developing countries, but can you pitch the Mpesa technology to an American or British firm? Yes you can but they're not going to implement is because of the regulations that goes with doing business involving tranfer.

The technology describe above is very simple, it is an app that is linked to your account it is very much like online banking. Mpesa Technology on the other hand is more complex from the business structure perspective that just creating an app.
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