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Nation hela
pariah
#1 Posted : Saturday, August 18, 2012 11:39:17 AM
Rank: Member

Joined: 11/24/2011
Posts: 833
Following the launch of a money transfer service by NMG, I am wondering what the impact would be long term on the three stocks affected, 1) MPESA BANK 2) DTB 3) NMG

Is there any chance that Nation Hela will one day be the defacto transfer service for Kenyans in Diaspora?

My guess is whoever will come up with a service that offers competitive exchange rates and cuts off the middleman (ie can deposit in local banks directly) will win the day.

From what I have seen on Nation Hela, it does not offer these items
alma
#2 Posted : Saturday, August 18, 2012 12:07:43 PM
Rank: Elder

Joined: 7/20/2007
Posts: 4,432
pariah wrote:


Is there any chance that Nation Hela will one day be the defacto transfer service for Kenyans in Diaspora?



That will never happen.
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
jirani
#3 Posted : Saturday, August 18, 2012 12:17:12 PM
Rank: Hello

Joined: 8/17/2012
Posts: 9
Don't be too sure alma, if a stranger sells tomatoes cheaper than my brother, I will never buy from the brother. primitive loyalty is dead!it all about the best and cheapest way to Deliver services.
Daring ideas are like chessmen moved forward. They may be beaten, but they may start a winning game.
vky
#4 Posted : Sunday, August 19, 2012 10:55:44 AM
Rank: Member

Joined: 6/17/2010
Posts: 572
this nation hela won't go very far in terms of diaspora remittances this being that people abroad have much cheaper options for sending money back home, take for instance, a friend who works in london operates an account with nationwide bank, he took the atm card and sent it to his family in kenya such that when he needs to send money to the wife he deposits cash to this account and the wife in kenya withdraws the amount using the atm card and the whole thing costs 1.75£ regardless of the amount withdrawn which is capped at 40k per transaction, I believe this is cheaper than most international money options out there, so am seeing this nation hela product cooling down after the novelty phase in terms of diaspora remittances, in the kenyan market it could be a hit or not
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
alma
#5 Posted : Sunday, August 19, 2012 11:21:08 AM
Rank: Elder

Joined: 7/20/2007
Posts: 4,432
jirani wrote:
Don't be too sure alma, .


Money transfer is not selling newsprint. They will be decimated.

Please keep this in your bookmarks.

So internationally forget about it. Ati leave my free bank card and get charged by nation? You do know there's western union and moneygram in each and every corner in the diaspora which will not be that silent.

As for the Kenyan market, well, there's mpesa and it seems each and every marketing manager from strathmore has convinced their boards to have their own card. So you tell me how hot it will be.
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
essyk
#6 Posted : Sunday, August 19, 2012 4:13:28 PM
Rank: Elder

Joined: 11/15/2011
Posts: 4,518
Some companies!smh.
If u intend to introduce a new service into the market let it have an extraordinary competitive advantage for it to sell.
What I see is a rush to introduce a service which offers nothing better or unique than what we already have. Did they research well about the other services available or was it just an effort to make a name for themselves?
Ama they think the brand alone will sell?
*yawn*

"The true measure of a man is how he treats someone who can do him absolutely no good.
nakujua
#7 Posted : Sunday, August 19, 2012 4:29:41 PM
Rank: Elder

Joined: 12/17/2009
Posts: 3,583
Location: Kenya
jirani wrote:
Don't be too sure alma, if a stranger sells tomatoes cheaper than my brother, I will never buy from the brother. primitive loyalty is dead!it all about the best and cheapest way to Deliver services.


safaricom vs yu mobile
essyk
#8 Posted : Sunday, August 19, 2012 4:41:06 PM
Rank: Elder

Joined: 11/15/2011
Posts: 4,518
quality vs price.
"The true measure of a man is how he treats someone who can do him absolutely no good.
Cde Monomotapa
#9 Posted : Sunday, August 19, 2012 4:42:27 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
KCB Diaspora Banking *mambo tosha*
jamplu
#10 Posted : Sunday, August 19, 2012 6:10:22 PM
Rank: Veteran

Joined: 3/25/2010
Posts: 939
Location: Nai
Nation isn't bringing anything new to money transfer. There are even more cheaper services in town.
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