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Equity Bank unveils its MVNO strategy
Rank: New-farer Joined: 3/1/2014 Posts: 82
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Equity's fate to be determined on Friday. Already there's excitement from Mwananchi and fear with Safaricom already lowering prices “The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Rank: Member Joined: 7/24/2010 Posts: 236 Location: nairobi
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Kastone wrote:Equity's fate to be determined on Friday. Already there's excitement from Mwananchi and fear with Safaricom already lowering prices Which prices has safaricom lowered.
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Rank: New-farer Joined: 3/1/2014 Posts: 82
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innovator wrote:Kastone wrote:Equity's fate to be determined on Friday. Already there's excitement from Mwananchi and fear with Safaricom already lowering prices Which prices has safaricom lowered. M-Pesa charges. honestly it's a clever move. Range Ksh. 10 - 1500 - 15 bob representing 67% drop. The reason is according to "research" around 65% of the transactions fall under that range. Fear much? “The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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innovator wrote:Kastone wrote:Equity's fate to be determined on Friday. Already there's excitement from Mwananchi and fear with Safaricom already lowering prices Which prices has safaricom lowered. the latest move seems to suggest it is targeting to keep the small man in its grip.. btn 501 and 2500, charges dropped to 15 bob anything above charges go up to 45. I guess they are saying for any larger transactions, please use your bank (banks that will affiliate with them) while for the normal mwananichi stick to us (MPesa). I also fore see them bringing down charges for upto 10K transactions. Excitement from Mwananchi? Nope!! I dont see it (with Kenyans and their peculiar habits) Slim SIM game changer? Definitely yes. But Member better be in this for the long haul and with the best strategy and money.. they should be looking at a battle of 5-10years to upstage Mpesa bank on that.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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This safcom is never mwananchi friendly until under pressure by competition,too bad. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 7/24/2010 Posts: 236 Location: nairobi
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I agree, this safaricom thing is a sucker, using unorthodox methods to freeze the mwananchi.
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Rank: Elder Joined: 10/23/2009 Posts: 2,375
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poundfoolish wrote:innovator wrote:Kastone wrote:Equity's fate to be determined on Friday. Already there's excitement from Mwananchi and fear with Safaricom already lowering prices Which prices has safaricom lowered. the latest move seems to suggest it is targeting to keep the small man in its grip.. btn 501 and 2500, charges dropped to 15 bob anything above charges go up to 45. I guess they are saying for any larger transactions, please use your bank (banks that will affiliate with them) while for the normal mwananichi stick to us (MPesa). I also fore see them bringing down charges for upto 10K transactions. Excitement from Mwananchi? Nope!! I dont see it (with Kenyans and their peculiar habits) Slim SIM game changer? Definitely yes. But Member better be in this for the long haul and with the best strategy and money.. they should be looking at a battle of 5-10years to upstage Mpesa bank on that. Only sending charges affected. Withdrawal remains the same It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt...
-Mark Twain
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mlennyma wrote:This safcom is never mwananchi friendly until under pressure by competition,too bad. innovator wrote:I agree, this safaricom thing is a sucker, using unorthodox methods to freeze the mwananchi. If you are the monopoly in a market you decide the price until the status changes. Simple economics 101... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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hisah wrote:mlennyma wrote:This safcom is never mwananchi friendly until under pressure by competition,too bad. innovator wrote:I agree, this safaricom thing is a sucker, using unorthodox methods to freeze the mwananchi. If you are the monopoly in a market you decide the price until the status changes. Simple economics 101... spot on hisah. the question remains how long will the oligopoly in banking sector last? LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Member Joined: 7/24/2010 Posts: 236 Location: nairobi
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hisah wrote:mlennyma wrote:This safcom is never mwananchi friendly until under pressure by competition,too bad. innovator wrote:I agree, this safaricom thing is a sucker, using unorthodox methods to freeze the mwananchi. If you are the monopoly in a market you decide the price until the status changes. Simple economics 101... The part that looks crooked is where they use delaying tactics so that they can first find a counter measure
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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mlennyma wrote:This safcom is never mwananchi friendly until under pressure by competition,too bad. And the flak I used to get when I lauded Airtel's efforts to break the monopoly by introducing cheap(er) rates for off-net calls, data and roaming. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/8/2013 Posts: 386 Location: Nyali mombasa
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I am not exited about this, I'ts actually an increase in price for me to 45/- this might or might not work very well for Saf, it will be like when banks introduced minimum balances of 20k in the 90s.
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Rank: Member Joined: 8/19/2014 Posts: 125
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I hope the Equity sim card has cheaper faster data, I opened an Equity account just for that sim card....plus buying a huge bulk of stocks tomorrow. Imagine if they roled out this thin sim card to the whole of East Africa. The will capture a huge bulk of importers and exporters
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Rank: Member Joined: 8/3/2007 Posts: 146
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Kihara joni wrote:I am not exited about this, I'ts actually an increase in price for me to 45/- this might or might not work very well for Saf, it will be like when banks introduced minimum balances of 20k in the 90s. they can never give out anything for free  .. They are trying to protect the low margin trading which can have the highest churn. Those transacting more than 2500 are looking for convenience and may not care about the cost as a factor to migrate
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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Safcom's move a drop in the ocean trying to blind fold Wanjiku not to see the light at the end of the tunnel. Let's see Members entry into market rates and then take stock of everything.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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VituVingiSana wrote:mlennyma wrote:This safcom is never mwananchi friendly until under pressure by competition,too bad. And the flak I used to get when I lauded Airtel's efforts to break the monopoly by introducing cheap(er) rates for off-net calls, data and roaming. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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sorovi wrote:Kihara joni wrote:I am not exited about this, I'ts actually an increase in price for me to 45/- this might or might not work very well for Saf, it will be like when banks introduced minimum balances of 20k in the 90s. they can never give out anything for free .. They are trying to protect the low margin trading which can have the highest churn. Those transacting more than 2500 are looking for convenience and may not care about the cost as a factor to migrate @Sorovi, How gullible are they? Who said Equity won't offer the same convenience, at cheaper rates?
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Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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What sort of company would slash the charges of its main service by 67%? This after the threat of a new entrant.
It only says one thing...Safcom have been exploiting customers ever since. They read Wazua and now understand the full implications of Equity's entry into mobile money.
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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kollabo wrote:What sort of company would slash the charges of its main service by 67%? This after the threat of a new entrant.
It only says one thing...Safcom have been exploiting customers ever since. They read Wazua and now understand the full implications of Equity's entry into mobile money. Which business is a charity bro? ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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I will be the first customer to drop mpesa very bitterly,iam surrounded by equity agents and atms.my few coins will go to equity "Don't let the fear of losing be greater than the excitement of winning."
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