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Equity Bank unveils its MVNO strategy
Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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Equity should have rolled normal sims long ago as they battle with thin sims "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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sparkly wrote:[quote=young farmer]Equity allowed to roll out mobile banking venture http://www.nation.co.ke/.../-/swvxtfz/-/index.html[/quote] The title of the article has no relationship to the contents. I read the article thrice but didn't see where the dispute has been resolved and Eqty allowed to go ahead. idiotic journalism
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Rankaz13 wrote:uchumi wrote: London-based GSMA, the global association of telecoms operators using the GSM technology, has written to the Kenyan authorities warning of the risks that use of the slim SIM cards pose to the integrity of the mobile telecommunications platforms.
The GSMA says the overlay SIM (which is embedded between a normal SIM card and the device) has the potential of harvesting and revealing sensitive data passing the system.
The technical opinion risks further delaying Equity’s use of the thin SIM to enter the lucrative mobile money market.  Second opinion? Anyone? Please?  Looks like Vodafone are pulling some strings.
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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whiteowl wrote:Rankaz13 wrote:uchumi wrote: London-based GSMA, the global association of telecoms operators using the GSM technology, has written to the Kenyan authorities warning of the risks that use of the slim SIM cards pose to the integrity of the mobile telecommunications platforms.
The GSMA says the overlay SIM (which is embedded between a normal SIM card and the device) has the potential of harvesting and revealing sensitive data passing the system.
The technical opinion risks further delaying Equity’s use of the thin SIM to enter the lucrative mobile money market. Second opinion? Anyone? Please? Looks like Vodafone are pulling some strings. And this conclusion is based on...? When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Member Joined: 2/15/2010 Posts: 148 Location: Kenya
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Safaricom is a full member of GSMA gsma members The GSMA represents the interests of mobile operators worldwide.It's equivalent here would be Kenya Bankers Association.They are biased.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Equity can go head and ignore the "talk" afterall its a make or break issue right? The results at this time are unknown but will be known later. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 1/3/2007 Posts: 18,204 Location: Nairobi
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mlennyma wrote:Equity should have rolled normal sims long ago as they battle with thin sims Normal SIMs are available but for now a phased roll-out to test the system. You can request for one at your branch. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,204 Location: Nairobi
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DtheK wrote:Safaricom is a full member of GSMA gsma members The GSMA represents the interests of mobile operators worldwide.It's equivalent here would be Kenya Bankers Association.They are biased. Safaricom sees Equity/Finserve as a threat and has pulled out all stops including using GSMA as well as cutting M-Pesa charges recently to counter Equity. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/24/2010 Posts: 238 Location: nairobi
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I do not think GSMA biased on this. Like any other technology the thin slim circuit can be used for the good or the bad, GSMA is just warning CA to take caution and may be involve an independent body.
Equity on the other had is arguing that it only intends to use the technology for the benefit of its customers.
Depending on CA interpretation i see equity carrying the day with some condition.
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Rank: Member Joined: 1/15/2010 Posts: 625
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innovator wrote:I do not think GSMA biased on this. Like any other technology the thin slim circuit can be used for the good or the bad, GSMA is just warning CA to take caution and may be involve an independent body.
Equity on the other had is arguing that it only intends to use the technology for the benefit of its customers.
Depending on CA interpretation i see equity carrying the day with some condition. I sure hope that Equity gets the go ahead. Kenya has always been an open market. That's why CBK didn't try to shut down M-PESA or force it to work with banks unlike some other countries where M-PESA won't fly coz the banking cartels make sure it doesn't have a chance. As long as the thin SIM is not doing any harm, it should be set free to transform the lives of Kenyans.
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Rank: Elder Joined: 6/23/2009 Posts: 13,747 Location: nairobi
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mv_ufanisi wrote:innovator wrote:I do not think GSMA biased on this. Like any other technology the thin slim circuit can be used for the good or the bad, GSMA is just warning CA to take caution and may be involve an independent body.
Equity on the other had is arguing that it only intends to use the technology for the benefit of its customers.
Depending on CA interpretation i see equity carrying the day with some condition. I sure hope that Equity gets the go ahead. Kenya has always been an open market. That's why CBK didn't try to shut down M-PESA or force it to work with banks unlike some other countries where M-PESA won't fly coz the banking cartels make sure it doesn't have a chance. As long as the thin SIM is not doing any harm, it should be set free to transform the lives of Kenyans. the british will always stay ahead. long live gsma long live voda
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 8/19/2014 Posts: 125
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Is there any insider in CAK who has some info on which side CAK is leaning on?
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Rank: Elder Joined: 6/23/2009 Posts: 13,747 Location: nairobi
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this may sound tribal but mudu wa nyumba will get the go ahead
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,204 Location: Nairobi
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obiero wrote:this may sound tribal but mudu wa nyumba will get the go ahead Wewe, let Equity bring cheaper services to the people. We can't all fly Business Class like you on KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/11/2008 Posts: 2,306
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VituVingiSana wrote:obiero wrote:this may sound tribal but mudu wa nyumba will get the go ahead Wewe, let Equity bring cheaper services to the people. We can't all fly Business Class like you on KQ. I actually hope hope Equity succeeds even if they use the mundu wa nyumba strategy. It will benefit all Kenyans Great men are not always wise, neither do the aged understand judgement...
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Rank: New-farer Joined: 7/18/2012 Posts: 76
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obiero wrote:this may sound tribal but mudu wa nyumba will get the go ahead You are not. The bank is foreign owned. This is from the last statistics I saw.
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Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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"People are open minded about new things as long as they are exactly as the old ones" - Charles Kettering 
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Robinhood wrote:VituVingiSana wrote:obiero wrote:this may sound tribal but mudu wa nyumba will get the go ahead Wewe, let Equity bring cheaper services to the people. We can't all fly Business Class like you on KQ. I actually hope hope Equity succeeds even if they use the mundu wa nyumba strategy. It will benefit all Kenyans yeah,end users are the main beneficiaries here
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Rank: Member Joined: 8/19/2014 Posts: 125
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One thing that is soooo evident, Communication Authority is soooo against Safaricom. If they are forcing them to share their property with free loaders, they can definitely let Equity Bank roll out their overlay sim card
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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jwatesh wrote:One thing that is soooo evident, Communication Authority is soooo against Safaricom. If they are forcing them to share their property with free loaders, they can definitely let Equity Bank roll out their overlay sim card I hope they will get it. The MPESA charges suddenly become unbearable. Like many Kenyans I want a cheap mobile money transfer solution and Equity seems to be offering exactly that!!! You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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