M-Pesa linked to rise in inflation
http://www.businessdaily...8/-/tjjsm9/-/index.html

So which Parly committee will take this up.

they almost make it sound like we would be better without mpesa, with money under mattressess. 2 billion a day! With those high commissions mpesa charge. Safcon are raking in the money! 314 billion in 5 months!

This is the next frontier in financial inclusion. Exiting times ahead for the country's financial sector and safaricom.

"micro lending"???!!!!! let them get into the murky waters if they come out unscathed i will know they are great.

How do you lend a guy say 10 k you dont hold any asset from him as security? you now say you have a standing remittance from this guy-most of the micro segment might be employed today the next day/two months down the line they are fired! have a 1000 guys like those and 3 moths down the line CBK tells you to write off as losses 10,000,000!kindly note a bank like Membba also serves both ends of the market so there is a cover of some sorts.incase of Member KWFt Faulu they have gaurantors,group gaurantees,maintain relation with employers and their officers are in always in the fields collecting monies and chattels-because that is their core business!the stringent regulations that comes with banking i know banks would like Safcom to come on board and then insist they comply fully to allow fair compettion.

Safaricom seem to have followed my advice given one and a half years ago......check post number 125 below......
http://www.wazua.co.ke/f...amp;m=111921#post111921

Happy Hunting........

Conventional banks will have to put on their thinking caps. Note however the emphasis on micro banking, credit, insurance etc. We are talking of amounts and customers many banks would never bother with. Safcom needs to this it through quite well, but it could be a potential cash cow.