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Equity Bank unveils its MVNO strategy
Rank: Member Joined: 7/20/2011 Posts: 161 Location: nairobi
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Ericsson wrote:@meme
That is crucial insider information I have gotten  you should know people before you lie to ME Patience. You cannot have a baby in one month by impregnating nine women....
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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Ericsson wrote:@mkeiy
I don't argue or try to substantiate my claims.
I leave it to you to observe and see whether what I said was true or not @Ericsson, If you don't argue nor substantiate, why bother alluding to anything in the first place? Wazua spirit is to learn/share knowledge. Rem you said "customers have been forced", which ain't true coz nobody forced me nor the few guys i know. So now you have insider information? To what effect? Customers have been forced? Mwangi will throw tantrums? Something has been said?
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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selah wrote:I was in one of their branches and some customers were very excited about the thin sim technology....some were even testifying how efficient it was apparently some customers had been given the sim card during the pilot stage sometime back and had enjoyed the service...
The problem was with the ordinary SIM cards ...the customers were unwilling to discard their current SIM card for equitel SIM....
I think Equity success will be hinged on the ThinSIM technology...and if The regulators give it a clean bill of health after the pilot, Safaricom will be in trouble.
It is also interesting that Equitel network charges are somehow similar to safaricom 4/= across networks.
I visited one of the Equity Agents and found that the tariff guide was different from what we are being told ...the charges were escalating according to the amount withdrawn max being 225/= if you are withdrawing above 100K....I think they will review the charges once Equitel is fully rolled out.
All in all Equitel will have an uphill task to dislodge safaricom given that Mpesa success is in safeguarding the interest of its agents who eventually ensure safaricom maintains one of the most efficient and expansive distribution network.
Equity is only cheaper in sending cash (above 2500/-) but has never been that cheap in terms of withdrawals coz the normal withdrawal charges apply!!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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The brochures I got from the branch talk about 1% of money being transferred subject to a max of 25sh. By the way, I do not think Equity is trying to compete head-on with Safaricom to become Kenya's preferred mobile money provider.In my thinking, they just want to keep all Equity money within Equity branches,agents & SIMs. They are also after ensuring every Equity customer has an Mshwari kind of loan.So the focus is on Equity customers & not all Kenyans per se. Formally employed people often live their employers' dream & forget about their own.
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Rank: Veteran Joined: 9/5/2007 Posts: 627
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bird_man wrote:The brochures I got from the branch talk about 1% of money being transferred subject to a max of 25sh.
By the way, I do not think Equity is trying to compete head-on with Safaricom to become Kenya's preferred mobile money provider.In my thinking, they just want to keep all Equity money within Equity branches,agents & SIMs.
They are also after ensuring every Equity customer has an Mshwari kind of loan.So the focus is on Equity customers & not all Kenyans per se. Spot on! As I said elsewhere, this battle is not between Equity and Safaricom. Equity want to ring fence all funds that they come into contact with. Should all these plans come to fruition, any corporate/business/individual/kiosk/merchant wanting to be paid by their customers must have a bank account with Equity. Anyone can then tell the implications of this in the market.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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arkard wrote: I doubt it, the only thing I know is that Safaricom had a 'infrastructural problem' which saw Mkesho not working for some time. Does MKESHO still exist? And how come Airtel and Orange customers experienced the same issue "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: Member Joined: 7/24/2010 Posts: 236 Location: nairobi
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murchr wrote:arkard wrote: I doubt it, the only thing I know is that Safaricom had a 'infrastructural problem' which saw Mkesho not working for some time. Does MKESHO still exist? And how come Airtel and Orange customers experienced the same issue MKESHO exist, many business people use it to send money from mpesa account to mkesho equity account which is free of charge. you can then withdraw from atm or send to any equity account at sh30 for any amount using eazy 247.
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Rank: Member Joined: 7/24/2010 Posts: 236 Location: nairobi
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McReggae wrote:selah wrote:I was in one of their branches and some customers were very excited about the thin sim technology....some were even testifying how efficient it was apparently some customers had been given the sim card during the pilot stage sometime back and had enjoyed the service...
The problem was with the ordinary SIM cards ...the customers were unwilling to discard their current SIM card for equitel SIM....
I think Equity success will be hinged on the ThinSIM technology...and if The regulators give it a clean bill of health after the pilot, Safaricom will be in trouble.
It is also interesting that Equitel network charges are somehow similar to safaricom 4/= across networks.
I visited one of the Equity Agents and found that the tariff guide was different from what we are being told ...the charges were escalating according to the amount withdrawn max being 225/= if you are withdrawing above 100K....I think they will review the charges once Equitel is fully rolled out.
All in all Equitel will have an uphill task to dislodge safaricom given that Mpesa success is in safeguarding the interest of its agents who eventually ensure safaricom maintains one of the most efficient and expansive distribution network.
Equity is only cheaper in sending cash (above 2500/-) but has never been that cheap in terms of withdrawals coz the normal withdrawal charges apply!!! Agent withdraw charges cater for the agent and is compensated for large amounts. Michael Joseph is getting a hard time trying mpesa in South Africa, the argument being you do not need to withdraw money to go and and pay for services like we do here, lipa na mpesa and now equitel will change our thinking.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Sasha wrote:bird_man wrote:The brochures I got from the branch talk about 1% of money being transferred subject to a max of 25sh.
By the way, I do not think Equity is trying to compete head-on with Safaricom to become Kenya's preferred mobile money provider.In my thinking, they just want to keep all Equity money within Equity branches,agents & SIMs.
They are also after ensuring every Equity customer has an Mshwari kind of loan.So the focus is on Equity customers & not all Kenyans per se. Spot on! As I said elsewhere, this battle is not between Equity and Safaricom. Equity want to ring fence all funds that they come into contact with. Should all these plans come to fruition, any corporate/business/individual/kiosk/merchant wanting to be paid by their customers must have a bank account with Equity. Anyone can then tell the implications of this in the market. true that equity may not necessarily be getting into a straight fight with Safcom but success of the thin sim will nonetheless be detrimental to mpesa both volume and margin wise.equity account holders transacting entirely within the confines of the said system is a direct hit on the cashless transition of lipa na mpesa as championed by safcom. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 12/11/2006 Posts: 884
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I have already sent 20000 shillings from equitel to an mpesa number. I realized its cheaper to send the kshs 20000 to mpesa number from equitel than it is to send from an mpesa number to another mpesa number. I was charged 58 bob while Mpesa would have charges me a 100 bob. To Send any amount above 2500 from equitel to mpesa,you will be charged 58 bob of which 25 bob goes to equity and the other 33 bob is what safaricom charges to withdraw money from a bank account into mpesa “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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has it rolled it thin sim yet? LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
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Rank: Member Joined: 1/14/2014 Posts: 178
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Watajaribu hadi waende ICC it wont work. You cant stop technology! If MPESA was to be blocked like they're trying to do, where would Safcom be? I wish people would provide evidence against the thin film rather than simple "fears". Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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So Nation calls the guy a data specialist while The standard calls the same guy a lawyer....Anyway this lawsuit is just another delaying tactic given that Mpesa started operating without any regulatory frame work.....it was only recently that the framework was devised....I hope this diversionary tactics being employed by Equity's competitors will not come back to bite them. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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As they rattle the snake,the normal sim is spreading like bush fire "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Since this war of blocking competition started majority are negative about all green colours "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 1/14/2014 Posts: 178
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Equitel mobile services and issuance of Thin-Film SIMs to be launched in two weeks time! >>> RINK<<<. Seriously looking at the tariffs charged by Mpesa, its not difficult to deduce that Equity will really kick Safcom in the chin. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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Why are people so emotional with this thing. This is the market, keep your emotions away. Buy memba shares now, ride with the wave of good news, after a while be ready to disembark and take the Simba bus, when Mpesa bank starts countering Memba coin for a coin, pound for a pound; and partnering with Simba/CBA as a counter measure.
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Rank: Member Joined: 1/14/2014 Posts: 178
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Its not emotions @poundfoolish. That thin sim technology is a revolutionary banking product not just in Kenya but globally is not a secret. That is what is exciting to me. Mpesa Bank are already partnering with Simba and CBA. At the end of the day it will depend on who gives mwananchi the best value and at the moment, JM has a big headstart. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Why do people keep refering to MPESA as a bank? What will they call CBA unless DHL, EMS is a bank? The opposite of courage is not cowardice, it's conformity.
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