wazua Wed, Apr 22, 2026
Welcome Guest Search | Active Topics | Log In

2 Pages12>
Safaricom Signs Agreement With Kenyan Bankers Association
Options
Previous Topic · Next Topic
MaichBlack
#1 Posted : Wednesday, April 13, 2011 3:00:43 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
As others are busy telling people who already have multiple sim cards "ni wakati wa kuhama", Safaricom is busy looking for new income streams.

Safaricom Signs Agreement with KBA
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
  |
hisah
#2 Posted : Wednesday, April 13, 2011 3:39:16 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Quite interesting. I wonder if they'll integrate it with MPESA... Think
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  | | Edit by user: Wednesday, April 13, 2011 3:40 PM | Reason: Not specified
Cde Monomotapa
#3 Posted : Wednesday, April 13, 2011 3:44:28 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
I thought it was only in politics but seems there are no permanent enemies in business either! This is a brilliant collabo! The cost benefits to our large cap.banks with vast networks is awesome! Then again...is this a sign of AK's turf being encroached?
Back to top
  |
mlennyma
#4 Posted : Wednesday, April 13, 2011 4:05:06 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ati wakati wa kuhama and the figure from cck is only 400 pple and their care centers are empty.
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
Barrywhite
#5 Posted : Wednesday, April 13, 2011 5:03:22 PM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi

Safaricom is way ahead in this league. While they are playing premier, competition is playing divisional league.
The laudable is more often than not rendered laughable by overclaim
Back to top
WWW
  |
jasonhill
#6 Posted : Thursday, April 14, 2011 12:16:16 PM
Rank: Member

Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
I'd rather see investment in technologies that are ramping UP, not DOWN. If they were to say that they have a clean way to transfer money from the diaspora, GREAT! They'd be back on top! But paper checks are dwindling worldwide because of the very technologies that they helped develop- MPesa, etc. Credit and Debit cards are also killing the paper check. That, and to be honest, such an application is really simply comprised of scanners (MICR if you like, but optical is fine), an internet connection, an email program, and a third party TIF reader. Not high tech by any stretch of the imagination. I understand the need to get checks truncated and digitized into cash letters for faster processing and greater float, but, like voice being killed by voice-over IP, how long will it last?
Back to top
  | | Edit by user: Thursday, April 14, 2011 12:17 PM | Reason: Not specified
mozenrat
#7 Posted : Thursday, April 14, 2011 12:35:49 PM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
jasonhill wrote:
I'd rather see investment in technologies that are ramping UP, not DOWN.
Not high tech by any stretch of the imagination.


@jason.... Safaricom has won the tender to supply internet connectivity. Scanner, MICR, email and all that remain the responsibility of the banks. Safcom has won a tender to provide a service that they were already providing..

The application is being provided by NCR not Safcom. Direct your innovation hullabaloo to the banks.. Your bile towards Safaricom is so transaparent from all your posts.

and by the way, if you need to send money from Diaspora, just use M-PESA (Directly from UK and Western Union from everywhere else)
Back to top
  |
accelriskconsult
#8 Posted : Thursday, April 14, 2011 2:37:49 PM
Rank: Member

Joined: 4/2/2011
Posts: 629
Location: Nai
Jasonhill,

any advancement that increases the velocity of money can only be good for the economy. You may think that the solution is archaic, but wait until they introduce the capability to check whether checks are good (account has money) at the pos.It will make all the difference!
Back to top
WWW
  |
jasonhill
#9 Posted : Thursday, April 14, 2011 4:37:28 PM
Rank: Member

Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
accelriskconsult wrote:
Jasonhill,

any advancement that increases the velocity of money can only be good for the economy. You may think that the solution is archaic, but wait until they introduce the capability to check whether checks are good (account has money) at the pos.It will make all the difference!


Not necessarily... I didn't hear anything at all about fraud controls as the money flows quicker. I can tell you from personal experience, if you think fraud is bad from "washed" and crooked paper checks, you can't even imagine the damage that can be done from a tampered digital cash letter. As far as checking the availability of funds in real time, that would usually be done by individual banks providing hooks from the online banking services by way of a merchant portal... not really something that a check clearinghouse would do, but, check clearing is not something that a cell phone company would usually do, so who knows. Maybe I'm wrong and their next product will be the paypal of the Africas, they will be back on top, and I'll eat my words. I only hope that they use local talent to develop it.

Best,

Hill
Back to top
  | | Edit by user: Thursday, April 14, 2011 4:38 PM | Reason: Not specified
jasonhill
#10 Posted : Thursday, April 14, 2011 4:46:10 PM
Rank: Member

Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
mozenrat wrote:
jasonhill wrote:
I'd rather see investment in technologies that are ramping UP, not DOWN.
Not high tech by any stretch of the imagination.


@jason.... Safaricom has won the tender to supply internet connectivity. Scanner, MICR, email and all that remain the responsibility of the banks. Safcom has won a tender to provide a service that they were already providing..

The application is being provided by NCR not Safcom. Direct your innovation hullabaloo to the banks.. Your bile towards Safaricom is so transaparent from all your posts.

and by the way, if you need to send money from Diaspora, just use M-PESA (Directly from UK and Western Union from everywhere else)


Please don't take this the wrong way.... just want to know.. stock prices are talking...

I'm sorry, maybe I'm confused, but how does one "win a tender to supply internet connectivity, if they were already doing so?"

And if the optical and magnetic scanning hardware, infrastructure, and X9.37 TIFF software are all still responsibility of the banks, exactly what is SafCom's value-add in this equasion? The branches would have already had some sort of network connectivity to central offices, and fiber and Wimax is available. In addition, transmissions could happen during low-bandwidth periods such as all night and all morning during closed hours. So I'm just trying to understand exactly what this press release is about... and resultantly, will the stock rise because of it! And is it sustainable.

I mean, lets be real, it's all just black and white tiff files and text micr data... you could transmit that over a cell phone... Ive had branches connect on 56k analog PHONE line modems push thousands of checks up every day. So I just dont see how this new internet connection can drop the processing time from 10 to 3 days... better check processing procedures by the banks, yes, and better clearinghouse practices by CBK, but the connection...

In addition, I have nothing against SafCom, but can they not be questioned? Challenging SafCam is what has gotten Kenya 1 bob calling... so is it not good to question the status quo? And how is innovation hullabaloo? Is 4G hullaballo just because one has 3G? Oh pardom me for questioning the great, mighty, powerful SafCom...

And Western Union??? Please tell me you are joking! Using them is like erasing your stock gains for the year with those fees!

But I knew I was going to get flamed for questioning SafCom. It's okay. Bob knows it's all love.

Best,

Hill
Back to top
  | | Edit by user: Thursday, April 14, 2011 5:07 PM | Reason: Not specified
2 Pages12>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua SME Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.