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Equity Bank unveils its MVNO strategy
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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The I.c.t cabinet secretary mr.matiangi says he is well briefed by cak and is satisfied with their decision,so parliament can keep their politics to the green guys "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda
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cak licensing director on kbctv. candid discussion. Denmark China Taiwan and USA uses these. thin sim,.what is there for a failed state to fear using them. our mpigs and politicians are just too thick. why are we wasting our taxes on cak cbk if we cant trust the work they are doing? punda amecheka
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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newfarer wrote:cak licensing director on kbctv.
candid discussion.
Denmark China Taiwan and USA uses these. thin sim,.what is there for a failed state to fear using them.
our mpigs and politicians are just too thick.
why are we wasting our taxes on cak cbk if we can trust the work they are doing? You are forgetting MPs were the other day fighting to grab the 15B security deal from Safcom's mouth, you can't claim parliament is pro-Saf. My take is that the mobile money hasn't been fully exploited, new entrants should not be a big threat to the existing dominant player. In fact presents Saf an opportunity to improve and the market to determine the optimum pricing. Beneficiary ? Achieng' and Wanjiku
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Rank: Elder Joined: 7/22/2009 Posts: 7,838
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Akenyan2014 wrote:newfarer wrote:cak licensing director on kbctv.
candid discussion.
Denmark China Taiwan and USA uses these. thin sim,.what is there for a failed state to fear using them.
our mpigs and politicians are just too thick.
why are we wasting our taxes on cak cbk if we can trust the work they are doing? You are forgetting MPs were the other day fighting to grab the 15B security deal from Safcom's mouth, you can't claim parliament is pro-Saf.My take is that the mobile money hasn't been fully exploited, new entrants should not be a big threat to the existing dominant player. In fact presents Saf an opportunity to improve and the market to determine the optimum pricing. Beneficiary ? Achieng' and Wanjiku Mpigs are not pro-Saf or pro-anything specific for that matter. They are pro-the guy with a fat cheque book. It's that simple. That is why I refer to them as mercenaries for hire. Even if you were to come with a fool-proof plan to create thousands of jobs for Kenyans and absolutely no disadvantages/down side to your plan, this goons will try their best to squeeze as much money from you as possible if your plan needs their approval. They are like the mafia. Only that the mafia has brains. What we have to deal with is a bunch of brainless mafia-like village idiots!!! It pisses me off to the core!!! I don't know what we will ever do to rid these lovely country of ours of this clowns!!! 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: Elder Joined: 5/27/2008 Posts: 3,760
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FRM2011 wrote:So who stands to loose most should Equity's plans succeed ? While M-pesa might receive a hit, its the revolutionary product, M-shwari, that could be hardest hit. Why, because the bulk m-shwari customers, the small savers and borrowers, are traditionally equity customers.
CBA has experienced a level of success in retail banking they could only dream about 2 years ago. Can they let go without a fight?
And this is where it can get dicey for Equity. Its outright suicidal to challenge CBA at this point in time.
Hon.Jamleck is a muranga county homeboy with the Equity top honchos. Why then is he coming out so passionately against his people ?
Sorry, but I just couldn't ignore the political angle. watch it lest you are accused by @maich of 'introducing politics into an intellectual discourse'......
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Rank: Member Joined: 1/14/2014 Posts: 178
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Safaricom themselves were unable to prove to CA or the parliament committee that there are any material risks to their clients. After Wangusi said Equity can proceed since CA is an independent authority, Jamleck Kamau & Co. are now saying the will hold CA responsible "if anything goes wrong" with the thin SIM. How many fraudulent things go wrong with Mpesa DAILY yet safcom have never been sanctioned. This is a commercial fight between two commercial entities, both with willing clients who are not bound to stay with either party and hence parliament should stay away. You can never stop technology who's time has come. 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: Member Joined: 1/13/2014 Posts: 398 Location: Denmark
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In the mean time Equity has already launched equitel counters in their branches. They've started ditching away their equitel lines-the thin sims not yet. I also like their equitel customer care service(100).. makes you want to 'hama' suffering-com permanently.  Seeing is believing
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Rank: Elder Joined: 10/23/2008 Posts: 3,966
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Goldilocks Reloaded wrote:Safaricom themselves were unable to prove to CA or the parliament committee that there are any material risks to their clients. After Wangusi said Equity can proceed since CA is an independent authority, Jamleck Kamau & Co. are now saying the will hold CA responsible "if anything goes wrong" with the thin SIM. How many fraudulent things go wrong with Mpesa DAILY yet safcom have never been sanctioned. This is a commercial fight between two commercial entities, both with willing clients who are not bound to stay with either party and hence parliament should stay away. You can never stop technology who's time has come. Er...Safaricom actually had no problem with the one-year trial. It had agreed to it.(It was, like @Sasha said, a sort of win for them round 1, buys them time). Weird for Jamleck and his team to meddle with this thing at this moment (or is it looking for more allowances for committees?) It's all a matter of liability. Two service providers, two different, though similar, products. If there's a breach, who will be liable? Why do you think the CAK indemnified itself and asked Finserve to agree in writing to be liable if there was an issue? Secondly, you being conned by a fraudster doesn't make Mpesa bank liable. Infact, most improvements have come as a result of that to ensure you don't fall into that trap. Sim cards that can read contacts, confirmations, etc. I stand corrected but has there been a case of a third party breaching the mpesa system? We may have a problem with Safcom, but many assumptions on this thread show some naivety in the issues. By all means, let the thin sim come, but like all other new technologies, let it be done in phases. A trial is good also for Equity, ensuring they cover all their bases. Luck is when Preparation meets Opportunity. ~ Lucius Annaeus Seneca
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Rank: Member Joined: 1/14/2014 Posts: 178
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Jus Blazin wrote:Goldilocks Reloaded wrote:Safaricom themselves were unable to prove to CA or the parliament committee that there are any material risks to their clients. After Wangusi said Equity can proceed since CA is an independent authority, Jamleck Kamau & Co. are now saying the will hold CA responsible "if anything goes wrong" with the thin SIM. How many fraudulent things go wrong with Mpesa DAILY yet safcom have never been sanctioned. This is a commercial fight between two commercial entities, both with willing clients who are not bound to stay with either party and hence parliament should stay away. You can never stop technology who's time has come. Er...Safaricom actually had no problem with the one-year trial. It had agreed to it.(It was, like @Sasha said, a sort of win for them round 1, buys them time). Weird for Jamleck and his team to meddle with this thing at this moment (or is it looking for more allowances for committees?) It's all a matter of liability. Two service providers, two different, though similar, products. If there's a breach, who will be liable? Why do you think the CAK indemnified itself and asked Finserve to agree in writing to be liable if there was an issue? Secondly, you being conned by a fraudster doesn't make Mpesa bank liable. Infact, most improvements have come as a result of that to ensure you don't fall into that trap. Sim cards that can read contacts, confirmations, etc. I stand corrected but has there been a case of a third party breaching the mpesa system? We may have a problem with Safcom, but many assumptions on this thread show some naivety in the issues. By all means, let the thin sim come, but like all other new technologies, let it be done in phases. A trial is good also for Equity, ensuring they cover all their bases. Exactly my point. If there is a breach of the system, how will they prove that the breach came from Equity side or from Safcom side or a design fault by Taisys? We cannot rule out penetration from Safcom side because if Safcom were genuine, they should not just be sitting there waiting for penetration of their system by the thin sim. Just like they have managed to secure Mpesa systems from external hacking (or so we assume), they should be currently also playing around with the thin sims to ensure their systems are ready but then again their main aim at the moment is not to secure their systems but to stop Equity by all means! 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: 7/22/2009 Posts: 7,838
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Gordon Gekko wrote:FRM2011 wrote:So who stands to loose most should Equity's plans succeed ? While M-pesa might receive a hit, its the revolutionary product, M-shwari, that could be hardest hit. Why, because the bulk m-shwari customers, the small savers and borrowers, are traditionally equity customers.
CBA has experienced a level of success in retail banking they could only dream about 2 years ago. Can they let go without a fight?
And this is where it can get dicey for Equity. Its outright suicidal to challenge CBA at this point in time.
Hon.Jamleck is a muranga county homeboy with the Equity top honchos. Why then is he coming out so passionately against his people ?
Sorry, but I just couldn't ignore the political angle. watch it lest you are accused by @maich of 'introducing politics into an intellectual discourse'......  The politicians have already introduced themselves... 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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