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tom_boy
#141 Posted : Thursday, January 31, 2019 4:32:54 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
jmbada wrote:
MaichBlack wrote:
Angelica _ann wrote:
MaichBlack wrote:
Link: For those overtaken by technology and with a mindset of 1990s Barclays Bank!!!


Already they have sent me 'my' fuliza limit and adjusted twice upwards yet i have not accessed/used the service. This is the only serious company in Kenya. Rest are bongo lala .... including once serious Equity Bank.

Let other fellows and companies perambulate as Safcom is making use of cutting edge technology to come up with new products that fellows and companies oblivious of the technology keep saying is not possible even as it is being done.

I can tell you for a fact that R & D at safaricom is at another level. No other company comes close in the region let alone in the country. It is organised, well thought out, extremely well funded, proper working groups and reporting structures etc. And they get very handsome returns for their effort and investment.

Yes. SCOM is "catwalking" to profit growth while banks plod along in clogs😂😂


Safcon does not loan anybody any money. The cash is from cba.

Anyway, a look at CBA loan figures is disheartening. Despite so called run away success in mobile lending, their net loans figure is rather small at 115b ( compared to NIC 114b which has no mobile loans) . Tells you that defaults ni kibao zaidi huko mobile. But figures are being kept secret.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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MaichBlack
#142 Posted : Friday, February 01, 2019 9:57:30 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,843
tom_boy wrote:
jmbada wrote:
MaichBlack wrote:
Angelica _ann wrote:
MaichBlack wrote:
Link: For those overtaken by technology and with a mindset of 1990s Barclays Bank!!!


Already they have sent me 'my' fuliza limit and adjusted twice upwards yet i have not accessed/used the service. This is the only serious company in Kenya. Rest are bongo lala .... including once serious Equity Bank.

Let other fellows and companies perambulate as Safcom is making use of cutting edge technology to come up with new products that fellows and companies oblivious of the technology keep saying is not possible even as it is being done.

I can tell you for a fact that R & D at safaricom is at another level. No other company comes close in the region let alone in the country. It is organised, well thought out, extremely well funded, proper working groups and reporting structures etc. And they get very handsome returns for their effort and investment.

Yes. SCOM is "catwalking" to profit growth while banks plod along in clogs😂😂


Safcon does not loan anybody any money. The cash is from cba.

Anyway, a look at CBA loan figures is disheartening. Despite so called run away success in mobile lending, their net loans figure is rather small at 115b ( compared to NIC 114b which has no mobile loans) . Tells you that defaults ni kibao zaidi huko mobile. But figures are being kept secret.

He he he. Conspiracy theories as an investment strategy/argument in a serious discourse....

When you find yourself in a hole, the first thing you should do is stop digging!!!
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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MaichBlack
#143 Posted : Friday, February 01, 2019 10:12:08 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,843
And some arguments are very pedestrian and 1980s at best! That is why this discussion/argument will never end coz some fellows are stuck in the 80s!

Uber is the biggest company in the world. Do you really take rides in cabs they own? Amazon (and the likes of eBay and alibaba) is the biggest market space in the world. How much of the inventory do they own? YouTube is one of the biggest "media companies" in the world. How much of the content do they create or own?? I can go on and on and on. See a common thread here?? Technology!!!

Ati the money being disbursed doesn't belong to Safaricom!? So what?? It is actually genius!! By leveraging on technology, they are actually making money from someone else'seems money!! Next you will tell us Uber is not the biggest taxi company (and are not making money???) based on the number of cabs they own (or don't own!!)

Welcome to the 21st century! Google which age we are in.
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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  | | Edit by user: Friday, February 01, 2019 11:23 AM | Reason: Not specified
MaichBlack
#144 Posted : Friday, February 01, 2019 12:27:11 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,843
MaichBlack wrote:
And some arguments are very pedestrian and 1980s at best! That is why this discussion/argument will never end coz some fellows are stuck in the 80s!

Uber is the biggest company in the world. Do you really take rides in cabs they own? Amazon (and the likes of eBay and alibaba) is the biggest market space in the world. How much of the inventory do they own? YouTube is one of the biggest "media companies" in the world. How much of the content do they create or own?? I can go on and on and on. See a common thread here?? Technology!!!

Ati the money being disbursed doesn't belong to Safaricom!? So what?? It is actually genius!! By leveraging on technology, they are actually making money from someone else'seems money!! Next you will tell us Uber is not the biggest taxi company (and are not making money???) based on the number of cabs they own (or don't own!!)

Welcome to the 21st century! Google which age we are in.

Heck!!! Safaricom mints billions from Mpesa! Whose money do they use? Why do you think Mpesa agents keep telling you they have no "float"??? Bacause Safaricom leverages on their money to make billions. That is how we do in the knowledge age!!!
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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MaichBlack
#145 Posted : Friday, February 01, 2019 12:29:00 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,843
Link: Shifting to 21st Century thinking!!!
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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tom_boy
#146 Posted : Friday, February 01, 2019 12:41:32 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
MaichBlack wrote:
And some arguments are very pedestrian and 1980s at best! That is why this discussion/argument will never end coz some fellows are stuck in the 80s!

Uber is the biggest company in the world. Do you really take rides in cabs they own? Amazon (and the likes of eBay and alibaba) is the biggest market space in the world. How much of the inventory do they own? YouTube is one of the biggest "media companies" in the world. How much of the content do they create or own?? I can go on and on and on. See a common thread here?? Technology!!!

Ati the money being disbursed doesn't belong to Safaricom!? So what?? It is actually genius!! By leveraging on technology, they are actually making money from someone else'seems money!! Next you will tell us Uber is not the biggest taxi company (and are not making money???) based on the number of cabs they own (or don't own!!)

Welcome to the 21st century! Google which age we are in.


Wacha kuchizi my fren. Lending money and uber are very different. When lending, there is something called defaults. It matters alot whose money is being lent and who suffers the default. In case of Safcom, they charge fees while providing a portal for CBA to lend. A zero risk sittuation for Safaricom.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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MaichBlack
#147 Posted : Friday, February 01, 2019 12:45:32 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,843
tom_boy wrote:
MaichBlack wrote:
And some arguments are very pedestrian and 1980s at best! That is why this discussion/argument will never end coz some fellows are stuck in the 80s!

Uber is the biggest company in the world. Do you really take rides in cabs they own? Amazon (and the likes of eBay and alibaba) is the biggest market space in the world. How much of the inventory do they own? YouTube is one of the biggest "media companies" in the world. How much of the content do they create or own?? I can go on and on and on. See a common thread here?? Technology!!!

Ati the money being disbursed doesn't belong to Safaricom!? So what?? It is actually genius!! By leveraging on technology, they are actually making money from someone else'seems money!! Next you will tell us Uber is not the biggest taxi company (and are not making money???) based on the number of cabs they own (or don't own!!)

Welcome to the 21st century! Google which age we are in.


Wacha kuchizi my fren. Lending money and uber are very different. When lending, there is something called defaults. It matters alot whose money is being lent and who suffers the default. In case of Safcom, they charge fees while providing a portal for CBA to lend. A zero risk sittuation for Safaricom.

That is what would make them geniuses!! Thanks for getting the argument (without really getting it!!).

Remember we were talking about Safaricom's innovation and making money. Focus.
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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MaichBlack
#148 Posted : Friday, February 01, 2019 12:48:02 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,843
And same applies to Uber. They don't bear the risks of vehicle breakdowns, accidents, driver not showing up for work, financing etc.

Is these stuff really that difficult for you to grasp???
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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  | | Edit by user: Friday, February 01, 2019 12:49 PM | Reason: Not specified
tom_boy
#149 Posted : Friday, February 01, 2019 1:49:14 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
MaichBlack wrote:
And same applies to Uber. They don't bear the risks of vehicle breakdowns, accidents, driver not showing up for work, financing etc.

Is these stuff really that difficult for you to grasp???


You are beyond help. I have no problem with Safaricom making money via mobile loans.

My issue is BANKS lending MY MONEY and yours ( deposits) to high risk populations in an unregulated enviroment where any event that causes mass defaults ( black swan event) may mean that I lose MY MONEY.

I hope you can finally get it, but I wont hold my breathe.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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MaichBlack
#150 Posted : Friday, February 01, 2019 2:01:38 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,843
tom_boy wrote:
jmbada wrote:
MaichBlack wrote:
Angelica _ann wrote:
MaichBlack wrote:
Link: For those overtaken by technology and with a mindset of 1990s Barclays Bank!!!


Already they have sent me 'my' fuliza limit and adjusted twice upwards yet i have not accessed/used the service. This is the only serious company in Kenya. Rest are bongo lala .... including once serious Equity Bank.

Let other fellows and companies perambulate as Safcom is making use of cutting edge technology to come up with new products that fellows and companies oblivious of the technology keep saying is not possible even as it is being done.

I can tell you for a fact that R & D at safaricom is at another level. No other company comes close in the region let alone in the country. It is organised, well thought out, extremely well funded, proper working groups and reporting structures etc. And they get very handsome returns for their effort and investment.

Yes. SCOM is "catwalking" to profit growth while banks plod along in clogs😂😂


Safcon does not loan anybody any money. The cash is from cba.

Anyway, a look at CBA loan figures is disheartening. Despite so called run away success in mobile lending, their net loans figure is rather small at 115b ( compared to NIC 114b which has no mobile loans) . Tells you that defaults ni kibao zaidi huko mobile. But figures are being kept secret.

So apart from conspiracy theories, what was your argument here???

And look at what all the quoted posts were discussing!
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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