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Safaricom to buy a bank?
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hisah
#51 Posted : Thursday, April 19, 2012 7:16:02 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
Robinhood wrote:
youcan'tstopusnow wrote:
Safaricom is in discussions with the central bank to be able to offer more services after an upgrade to the system platform.

"We need to move into offering micro-saving, micro-lending and micro-insurance," the CEO said.

http://www.businessdaily...0/-/tpejge/-/index.html


This is the next frontier in financial inclusion. Exiting times ahead for the country's financial sector and safaricom.


Impact on the more conventional banks?

Partner with the elephant or lose out... It didn't take them long to partner with mpesa...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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stocksmaster
#52 Posted : Thursday, April 19, 2012 9:06:24 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
hisah wrote:
youcan'tstopusnow wrote:
Robinhood wrote:
youcan'tstopusnow wrote:
Safaricom is in discussions with the central bank to be able to offer more services after an upgrade to the system platform.

"We need to move into offering micro-saving, micro-lending and micro-insurance," the CEO said.

http://www.businessdaily...0/-/tpejge/-/index.html


This is the next frontier in financial inclusion. Exiting times ahead for the country's financial sector and safaricom.


Impact on the more conventional banks?

Partner with the elephant or lose out... It didn't take them long to partner with mpesa...



Safaricom seem to have followed my advice given one and a half years ago......check post number 125 below......
http://www.wazua.co.ke/f...amp;m=111921#post111921

Happy Hunting........
x handle: @stocksmaster79
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  | | Edit by moderator: Thursday, April 19, 2012 9:11 PM | Reason: link updated for user
essyk
#53 Posted : Thursday, April 19, 2012 10:41:40 PM
Rank: Elder

Joined: 11/15/2011
Posts: 4,518
Cde Monomotapa wrote:
Can't you see that Mpesa turns over the largest sum of money daily in this country?? What do you think will happen when it is allowed to hold the same as deposits! Think. Our NATIONAL banking system will be controlled from Vodafone in the UK! Instead of this type of wet dreams, Bob Collymore should be working on shifting the Mpesa data base/system from the UK to Kenya. Nkt!!


Why are people ignoring this? would love to read more.
"The true measure of a man is how he treats someone who can do him absolutely no good.
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  | | Edit by user: Thursday, April 19, 2012 10:44 PM | Reason: Not specified
hisah
#54 Posted : Friday, April 20, 2012 12:14:21 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
stocksmaster wrote:
hisah wrote:
youcan'tstopusnow wrote:
Robinhood wrote:
youcan'tstopusnow wrote:
Safaricom is in discussions with the central bank to be able to offer more services after an upgrade to the system platform.

"We need to move into offering micro-saving, micro-lending and micro-insurance," the CEO said.

http://www.businessdaily...0/-/tpejge/-/index.html


This is the next frontier in financial inclusion. Exiting times ahead for the country's financial sector and safaricom.


Impact on the more conventional banks?

Partner with the elephant or lose out... It didn't take them long to partner with mpesa...



Safaricom seem to have followed my advice given one and a half years ago......check post number 125 below......
http://www.wazua.co.ke/f...amp;m=111921#post111921

Happy Hunting........

That's why I call it Mpesa bank coz I also see a telco bank in the making. Will be a fascinating case study.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#55 Posted : Friday, April 20, 2012 12:48:20 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
essyk wrote:
Cde Monomotapa wrote:
Can't you see that Mpesa turns over the largest sum of money daily in this country?? What do you think will happen when it is allowed to hold the same as deposits! Think. Our NATIONAL banking system will be controlled from Vodafone in the UK! Instead of this type of wet dreams, Bob Collymore should be working on shifting the Mpesa data base/system from the UK to Kenya. Nkt!!


Why are people ignoring this? would love to read more.

I thot one Bob stated sometime last year that those mpesa servers will be relocated to KE.

http://bit.ly/FPQ0x0

Quote:
Part of that plan is to relocate M-Pesa servers to Kenya from Germany -— a move that is expected to improve the reliability of the mobile money platform and cut down on overheads.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, April 20, 2012 12:50 PM | Reason: Not specified
Robinhood
#56 Posted : Friday, April 20, 2012 1:21:14 PM
Rank: Elder

Joined: 12/11/2008
Posts: 2,306
youcan'tstopusnow wrote:
Robinhood wrote:
youcan'tstopusnow wrote:
Safaricom is in discussions with the central bank to be able to offer more services after an upgrade to the system platform.

"We need to move into offering micro-saving, micro-lending and micro-insurance," the CEO said.

http://www.businessdaily...0/-/tpejge/-/index.html


This is the next frontier in financial inclusion. Exiting times ahead for the country's financial sector and safaricom.


Impact on the more conventional banks?


Conventional banks will have to put on their thinking caps. Note however the emphasis on micro banking, credit, insurance etc. We are talking of amounts and customers many banks would never bother with. Safcom needs to this it through quite well, but it could be a potential cash cow.
Great men are not always wise, neither do the aged understand judgement...
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