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Equity Bank unveils its MVNO strategy
Rank: New-farer Joined: 4/6/2013 Posts: 95
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jwatesh wrote:Got a normal sim equitel line.... am a safaricom and equity share holder...I have to admit that am impressed with Equitel so far, thin sim equitel line is a good idea since it works so well with a safaricom line. Safaricom is my identity line since it what is in most of my formal documents. Equitel will be my banking line when am using money from my Equity bank account... Safaricom shouldn't be that afraid since mobile money is just one part of their services,other banks with retail customers should be very afraid....I see people transferring their salary accounts here. And their customers support center is up to the bit. Great customer service I received when my transactions delayed. I must say all the 1.something trillion on the mpesa pipeline is first finding its way into equitel well reserved pipeline starting with all my business and family transactions. Am well impressed even before I get my thin Sim for near field cash transfers/payments. Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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am reactivating my dormant member account first thing Tuesday morning getting their sim card. on the other hand airtel data is a mess,got and the unlimited bundle but am now wishing i d got some beer instead,pathetic I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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why would anyone oppose this www.standardmedia.co.ke/...-this-mean-for-consumersunless he is a competitor or bribed to oppose? I need that thin sim yesterday. punda amecheka
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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Dr Mwangi is facing the mountain Making mad money.. Im proud of the guy
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/22/2009 Posts: 7,455
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Ericsson wrote:Global market selloff in the equities.
Expect the cold to catch the other counters next week
Relax! Bounced back on Friday (Saturday in Kenya). It was a crazy couple of days though. 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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Rank: New-farer Joined: 9/24/2012 Posts: 63
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MaichBlack wrote:innovator wrote:Just sent sh1500 from equitel to mpesa charged sh49. Not good at all. Not to worry! You will not worry about cost for long. Apparently! Here is the link safaricom charges Equity sh33 for every money sent to mpesa. The cost will go down once money can directly sent to individual's number and they withdraw using equity agent or atm. Above all, guard your heart, for it is the wellspring of life.
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Rank: Elder Joined: 7/22/2009 Posts: 7,455
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arkard wrote:MaichBlack wrote:innovator wrote:Just sent sh1500 from equitel to mpesa charged sh49. Not good at all. Not to worry! You will not worry about cost for long. Apparently! Here is the link safaricom charges Equity sh33 for every money sent to mpesa. The cost will go down once money can directly sent to individual's number and they withdraw using equity agent or atm. This will work to Equity's favour. Slowly but surely, people will start opening Equity accounts - free, get the thin sim - free, and start sending money - free; while still keeping their Safcom [or whichever] line! Seems like a no brainer to me. Then Equity will convince big timers - Kenya Power, Universities, Schools, Supermarkets, other retailers etc. to open Equity Bank accounts and voila! Free bill payments!!! Are you still with me? This is going to be HUGE!! Don't think they have established a whole subsidiary and hired heavy hitters for nothing. Safcom knows this and that is why they have put up a big fight. Safcom were virtually unchallenged in the mobile money market. The party is over! And they have been challenged na wale wabaya!! Dr. James Mwangi is a big dreamer. And he backs his dreams with actions. Anyone hoping he'll settle to being 'just another player' in the mobile money business better think again. I'm sure he has dreamt about eating Safcom's lunch, dinner and breakfast - eventually! One plate at a time. And with 12 Billion worth of Equity stock between him and his wife, failure is not an option! 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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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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arkard wrote:MaichBlack wrote:innovator wrote:Just sent sh1500 from equitel to mpesa charged sh49. Not good at all. Not to worry! You will not worry about cost for long. Apparently! Here is the link safaricom charges Equity sh33 for every money sent to mpesa. The cost will go down once money can directly sent to individual's number and they withdraw using equity agent or atm. Airtel already does that. You can send money to a Safaricom number (not M-Pesa) BUT you withdraw from an Airtel agent. I have a gut feeling that Airtel and Equity will share agents. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 11/9/2009 Posts: 2,003
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MaichBlack wrote:arkard wrote:MaichBlack wrote:innovator wrote:Just sent sh1500 from equitel to mpesa charged sh49. Not good at all. Not to worry! You will not worry about cost for long. Apparently! Here is the link safaricom charges Equity sh33 for every money sent to mpesa. The cost will go down once money can directly sent to individual's number and they withdraw using equity agent or atm. This will work to Equity's favour. Slowly but surely, people will start opening Equity accounts - free, get the thin sim - free, and start sending money - free; while still keeping their Safcom [or whichever] line! Seems like a no brainer to me. Then Equity will convince big timers - Kenya Power, Universities, Schools, Supermarkets, other retailers etc. to open Equity Bank accounts and voila! Free bill payments!!! Are you still with me? This is going to be HUGE!! Don't think they have established a whole subsidiary and hired heavy hitters for nothing. Safcom knows this and that is why they have put up a big fight. Safcom were virtually unchallenged in the mobile money market. The party is over! And they have been challenged na wale wabaya!! Dr. James Mwangi is a big dreamer. And he backs his dreams with actions. Anyone hoping he'll settle to being 'just another player' in the mobile money business better think again. I'm sure he has dreamt about eating Safcom's lunch, dinner and breakfast - eventually! One plate at a time. And with 12 Billion worth of Equity stock between him and his wife, failure is not an option! Just imagine if Equity started a do-the-campaign!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Tell me when he sells his 12b stake I sell my 5bob stake "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/22/2009 Posts: 7,455
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mlennyma wrote:Tell me when he sells his 12b stake I sell my 5bob stake Not gonna happen in our life time!!! And it is at that level because of CMA requirements that he cannot hold more than 5% as a C.E.O. He actually holds 4.88% [9 Billion worth] directly and an extra 1.6% [3 Billion] in the wife's name. 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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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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MaichBlack wrote:mlennyma wrote:Tell me when he sells his 12b stake I sell my 5bob stake Not gonna happen in our life time!!! And it is at that level because of CMA requirements that he cannot hold more than 5% as a C.E.O. He actually holds 4.88% [9 Billion worth] directly and an extra 1.6% [3 Billion] in the wife's name. Never say never. Did you ever think Munga or his family would sell? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/19/2014 Posts: 125
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Member has caused Safaricom stock to drop below 12....:) :)
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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jwatesh wrote:Member has caused Safaricom stock to drop below 12....:) :) It's not about member... possunt quia posse videntur
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Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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They are giving out registration forms without the terms and conditions NKT!
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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kollabo wrote:They are giving out registration forms without the terms and conditions NKT! The terms and condition (which I doubt anyone reads)is available separately ...The words in there will give you a head ache....anyway...the terms and conditions are available...just ask the guy giving you the Form. '......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: 7/22/2009 Posts: 7,455
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selah wrote:kollabo wrote:They are giving out registration forms without the terms and conditions NKT! The terms and condition (which I doubt anyone reads)is available separately ...The words in there will give you a head ache....anyway...the terms and conditions are available...just ask the guy giving you the Form. Watu lazima watafute makosa! One wonders, which is easier? To ask the fellow who just gave you the form or to post on wazua complaining? 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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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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MaichBlack wrote:selah wrote:kollabo wrote:They are giving out registration forms without the terms and conditions NKT! The terms and condition (which I doubt anyone reads)is available separately ...The words in there will give you a head ache....anyway...the terms and conditions are available...just ask the guy giving you the Form. Watu lazima watafute makosa! One wonders, which is easier? To ask the fellow who just gave you the form or to post on wazua complaining? Someone say BMW  You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: Elder Joined: 7/22/2009 Posts: 7,455
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XSK wrote:MaichBlack wrote:selah wrote:kollabo wrote:They are giving out registration forms without the terms and conditions NKT! The terms and condition (which I doubt anyone reads)is available separately ...The words in there will give you a head ache....anyway...the terms and conditions are available...just ask the guy giving you the Form. Watu lazima watafute makosa! One wonders, which is easier? To ask the fellow who just gave you the form or to post on wazua complaining? Someone say BMW He he he. 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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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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MaichBlack wrote:selah wrote:kollabo wrote:They are giving out registration forms without the terms and conditions NKT! The terms and condition (which I doubt anyone reads)is available separately ...The words in there will give you a head ache....anyway...the terms and conditions are available...just ask the guy giving you the Form. Watu lazima watafute makosa! One wonders, which is easier? To ask the fellow who just gave you the form or to post on wazua complaining? I see nothing wrong with complaining here. Its a free country. The standard practice when signing up for a service contract is to have the T&Cs stacked along with the rest of it. Whether you read it or not is of secondary importance, just as long as there is no ambiguity about it. It can even be termed as a form of obfuscation. Have you ever heard of a contract where the signatures are on one document and the terms on another? What do the signatures bind then? Equity chose to deviate from this sensible and standard practice, why are you not finding fault with that?
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