wazua Tue, Jan 7, 2025
Welcome Guest Search | Active Topics | Log In | Register

I&M Bank trail blazing
Options
Previous Topic · Next Topic
redondo
#1 Posted : Thursday, January 21, 2010 7:25:27 AM
Rank: Member


Joined: 12/2/2009
Posts: 161
Location: nairobi
I&M Bank has unveiled plans to establish an online payment portal that allows consumers to buy goods online in local currency using credit/debit cards.

Its believed that this move will push the adoption of e-commerce in Kenya. What effects will it have though on the use of mobile payment services like mpesa and zap for online transactions?
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#2 Posted : Thursday, January 21, 2010 8:27:46 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
Definitely good news for those who want to develop e-stores. Of course, after M-Pesa this might not be as successful since it requires credit cards & debit cards but I welcome it.

I&M Bank has been (positively) in the news of late. They raised almost KES 1.3bn from some investors recently to expand their balance sheet.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
KulaRaha
#3 Posted : Thursday, January 21, 2010 8:51:27 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
perhaps you need to see how their last investment is doing to determine whether they are doing well or not. I hear Mauritius is a nightmare....
Business opportunities are like buses,there's always another one coming
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#4 Posted : Thursday, January 21, 2010 10:16:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,118
Location: Nairobi
@kularaha - Mauritius seems to be OK according to the 3Q results.

I cannot say I am privy to the Mauritius results but according to I&M's website the Mauritius operation was a so-so operation being controlled by the Government/Central Bank (after being taken over much earlier)...

Maybe it will take them 1-2 years to turn it around. I understand the other partner is CIEL (a large Mauritian conglomerate)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.