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Equity Bank unveils its MVNO strategy
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mlennyma
#541 Posted : Thursday, October 16, 2014 11:31:06 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Memba will beat them,no scratch cards,no sina float on depositing,no amount caps etc
"Don't let the fear of losing be greater than the excitement of winning."
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MaichBlack
#542 Posted : Thursday, October 16, 2014 12:33:16 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,837
jerry wrote:
Why do people keep refering to MPESA as a bank? What will they call CBA unless DHL, EMS is a bank?

Familize yourself with the Wazua lingo my friend!

There was a discussion sometime back where some members [wazua not Equity. He he he] suggested that Safaricom should open a Bank. And with time people started referring to the company as Mpesa Bank.

At this rate, you'll soon be complaining about fish, airports, landing etc.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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selah
#543 Posted : Thursday, October 16, 2014 2:24:30 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I dont think Equitel will be competing with Mpesa...Equity would loose if it came to it.

The cost per transaction that equity will be incurring will obviously be higher than that of Safaricom.

e.g
Equity will be footing the bill for equitel, finserve,Airtel,and the software vendor they will be using to ride on.

Safaricom on the other hand will only be dealing with vodafone the owners of Mpesa.

So if Equity was to go head to head with safaricom ...it will ultimately loose.

Actually Equitel will have to give their agents better margins than what safaricom is currently offering for it to offer meaningful competition.

Equitel will only appeal to the current Equity customers, I dont think they will use price or tariff as a strategy because they will loose on that front to safaricom.

'......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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  | | Edit by user: Thursday, October 16, 2014 2:26 PM | Reason: Not specified
Goldilocks Reloaded
#544 Posted : Thursday, October 16, 2014 3:39:30 PM
Rank: Member

Joined: 1/14/2014
Posts: 178
At the risk of splitting hairs, i would disagree that Equitel needs to give their agents better margins. Equity has a large network of agents already and whereas the network may not be as large as Mpesa's, Mpesa agents rely solely on mobile money transfer functions. Equity agents on the other hand perform a lot more bank functions which are already generating money for them. Cash from Equitel transfers will hence be additional business to them. But as was posted a while back, JM's main objective is not necessarily to compete with Safcom but to lock money within the Equity network - which is good for the shareholders.
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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mlennyma
#545 Posted : Thursday, October 16, 2014 5:09:50 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
A loooong discussion which is about to be proved practically.
"Don't let the fear of losing be greater than the excitement of winning."
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ngapat
#546 Posted : Thursday, October 16, 2014 6:15:17 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Equity is not competing with safaricom's Mpesa for money transfer. The main aim of equity is to revolutionize cashless transactions so that money never leaves the Bank which will give equity cheap deposit and Equity can then make debts out of the deposits for high profit margins.
This is the reason they are not charging transfers within Equity network, a clear indication they are not out to make from transfers.
So Equity and Safaricom are in mobile money business for two different reasons.
Safaricom objective is to make money from mobile money transfers and transactions while Equity's objective is to retain cash with the bank and make debts out of it.
The irony is that it is cheaper to send money above kshs 2500 from Equitell to mpesa than it is to send from Mpesa to mpesa
“Invest in yourself. Your career is the engine of your wealth.”
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tinker
#547 Posted : Thursday, October 16, 2014 6:37:04 PM
Rank: Member

Joined: 11/15/2010
Posts: 455
Location: Nairobi
He reminds me of Andrew Carnegie, JM is presiding over what is now becoming a movement - not bank anymore. The movement was just any other building society the other day. From the benefits of affordable banking services in rural areas(Which have locked-in millions of rural folks), Wings to Fly (which has locked-in thousands of middle class)and now in telephony, Equitel is one of his product which I always read alot of determination and focus in his face whenever I see him defending it, I therefore have no doubt that Equitel will be a big bang in 2 to 3 years from now.
....He who began a good work in you will carry it on to completion..
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Gordon Gekko
#548 Posted : Thursday, October 16, 2014 6:39:21 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
UK has picked the red corner, may the games begin...
"The Head of State said fear of getting it wrong was no reason to hold back.

“Yes, we can make some mistakes”, he said, “but we will learn and use technology to drive our development agenda.”
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innovator
#549 Posted : Thursday, October 16, 2014 6:51:50 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
Just sent sh1500 from equitel to mpesa charged sh49. Not good at all.
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VituVingiSana
#550 Posted : Thursday, October 16, 2014 7:34:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
innovator wrote:
Just sent sh1500 from equitel to mpesa charged sh49. Not good at all.
Not good for who? 25/- by Equitel and 24/- by M-Pesa. And isn't it free Equitel to Equitel?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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