Refer to an earlier thread on mpesa encouraging fraud and see if the fake chairman who conned me will use one of his lines to con mshwari 100k.

hahahahaha @mawinder..

Just forget about hiyo kisanga.. move on mzee...

True @Mc
AND again, the Full RISK of DEFAULT is not being shouldered by Safcom, But By CBA... I assume defaulters will be sent to CRB etal?

Now goal posts are shifting.

So is Mshylock a CBA product or a Safaricom product?
If mama mboga decided that she is ok with the inconvenience of going to the bank, will CBA give her an account at ksh.100?
What is the nature of this "partnership"?

Let's not try to confuse the uneducated like me.

Now that it is being run by CBA which of the risks I expressed earlier have been mitigated? Or is the shylocking now more palatable.

My foot!

can't agree more, Safaricom cannot hold deposit,actually even the mpesa value is hosted by a bank which I think is CBA, note even MFI nowadays have to get a license from CBK be DTMFI .What Scom has is electronic value.They cannot offer Mshwari on their own because they will be required to play by the CBK rules(who do you think will have provisions. for bad debts in case of default in their books ?! ),hence CBA, definitely if you were the CBA C.e.o you will negotiate good returns but remember Scom has the advantage of negotiating with forty something banks!. Now picture this Scom cannot lend huge amounts unlike member who will start, you with 10,000 and graduate you, as your business grows because they can even come to the ground and take more risks with you,Scom will never do that after 10,000 you are left on your own, as an individual you don't benefit much I.e. growth wise. the economy neither benefits much because there is no credit creation you only lend to people to sort out their immediate problems and not start business.Let Safaricom take the plunge and apply for a Banking license or a deposit taking license if it really wants to empower Kenyans!