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Equity Bank unveils its MVNO strategy
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bird_man
#81 Posted : Thursday, May 29, 2014 2:04:44 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
poundfoolish wrote:
Good Discussions

Now i think we have talked about equity and what they are introducing. perfect product if i may add my 2 cents.

Can we now explore into other angles?,
1. What do they want to achieve with this?
Are they trying to limit costs of transaction between different platforms (telcos and banks)-Why should you pay Safcom for withdrawing money from your Equity A/C?Why should you pay Paybill charges for depositing into it?Why not pay Equity those commissions?They want to keep all Equity money & commissions within Equity.It will also greatly reduce the need for bank braches & associated costs.

2. What would competitors, if it affects any do?
i.e Telcos (read MPESA) and Banks (Read Simba)-Simba is technologically dead.MPESA is already fighting back.I hear their MPESA techs are in China testing Mpesa re-loaded to be launched in June.

good day


Formally employed people often live their employers' dream & forget about their own.
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murchr
#82 Posted : Thursday, May 29, 2014 2:22:24 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
sorovi wrote:
Had not heard of this technology yet am in telcom..Sad Sad but competition is good if Equity can bring this technology..smile smile Some operators are already using it.. Learned something though..

link


Same here, i think Equity is their test market, even their face book page has no comments from supposed customers, lets see how it will work.

mkei wrote:
@Murchr, Do you know how much it costs me to deposit into my account from Mpesa? If Equity promises to be as cheap as they say, why would i not use Finserve?


If its about price wars, that war has been fought before and you know the outcome.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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jawgey
#83 Posted : Thursday, May 29, 2014 2:40:18 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
When all is said and done, I hope this will drive some sense to mpesa bank,, that the monopoly days are numbered. Because currently we've been held hostage!literally
Seeing is believing
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  | | Edit by user: Thursday, May 29, 2014 2:41 PM | Reason: Not specified
Goldilocks Reloaded
#84 Posted : Thursday, May 29, 2014 5:02:03 PM
Rank: Member

Joined: 1/14/2014
Posts: 178
A break from the monopoly of the green SIM would be most welcome. For someone sending KES 101 to a non-MPESA-registered user, a charge of KES 66 in tariff charges is just ridiculous. That is a whooping 66%. This sticker thing better come quick but then again, Kenya's peculiar habits have stuck to the green amidst all the price wars.
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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accelriskconsult
#85 Posted : Thursday, May 29, 2014 5:17:43 PM
Rank: Member

Joined: 4/2/2011
Posts: 629
Location: Nai
This technology will not make sense to those who think in a linear manner. I don't see how a James Mwangi/Julius Kipngetich tag team would not know about testing before project launch.

The technology seems to have been around for quite sometime http://www.bibitel.com/.

Digitech is one of the companies that Equity is getting the sim cards from.

The attack is on all existing mobile phone providers including Airtel.
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  | | Edit by user: Thursday, May 29, 2014 5:19 PM | Reason: Not specified
mkenyan
#86 Posted : Thursday, May 29, 2014 5:40:32 PM
Rank: Veteran

Joined: 4/1/2009
Posts: 1,885
mv_ufanisi wrote:
accelriskconsult wrote:
The Slim SIM idea is one of the most disruptive moves undertaken by any player in any sector in the world.

Safaricom is in big trouble especially because of call portability without changing sim cards.

Equity has attacked them on MPESA, voice and data - with one fell swoop.


Yeah this could be a giant killer for SCOM. SCOM shouldn't assume that Equity is Airtel. Equity has been here before giving a broken nose to established players in the banking industry. Plus Equity has a lot of brand value in Kenya & innovation. Their slim SIM in itself shows how they think. SCOM needs to be ready when we start getting news in July that 100,000 SIMs have been installed in the first month. That's when you know its for real.

if it works as promised; i am all in. just hope they have it for nano-sim.
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madollar
#87 Posted : Thursday, May 29, 2014 6:12:43 PM
Rank: Veteran

Joined: 11/17/2009
Posts: 2,040
Location: GA
mkenyan wrote:
mv_ufanisi wrote:
accelriskconsult wrote:
The Slim SIM idea is one of the most disruptive moves undertaken by any player in any sector in the world.

Safaricom is in big trouble especially because of call portability without changing sim cards.

Equity has attacked them on MPESA, voice and data - with one fell swoop.


Yeah this could be a giant killer for SCOM. SCOM shouldn't assume that Equity is Airtel. Equity has been here before giving a broken nose to established players in the banking industry. Plus Equity has a lot of brand value in Kenya & innovation. Their slim SIM in itself shows how they think. SCOM needs to be ready when we start getting news in July that 100,000 SIMs have been installed in the first month. That's when you know its for real.

if it works as promised; i am all in. just hope they have it for nano-sim.


What if safcom warns its customers against interfering with the simcard and it should not be held liable if anything happens.
Make no mistake things are about to get very nasty smile
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mkeiy
#88 Posted : Thursday, May 29, 2014 6:46:31 PM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
madollar wrote:
mkenyan wrote:
mv_ufanisi wrote:
accelriskconsult wrote:
The Slim SIM idea is one of the most disruptive moves undertaken by any player in any sector in the world.

Safaricom is in big trouble especially because of call portability without changing sim cards.

Equity has attacked them on MPESA, voice and data - with one fell swoop.


Yeah this could be a giant killer for SCOM. SCOM shouldn't assume that Equity is Airtel. Equity has been here before giving a broken nose to established players in the banking industry. Plus Equity has a lot of brand value in Kenya & innovation. Their slim SIM in itself shows how they think. SCOM needs to be ready when we start getting news in July that 100,000 SIMs have been installed in the first month. That's when you know its for real.

if it works as promised; i am all in. just hope they have it for nano-sim.


What if safcom warns its customers against interfering with the simcard and it should not be held liable if anything happens.
Make no mistake things are about to get very nasty smile




What is it that could happen to make safcom liable?

Let the damn cards come, i'm tired of Safcom can't wait tl kiss them goodbye. As i pray for successful launch.
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ngapat
#89 Posted : Thursday, May 29, 2014 7:32:46 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
The Business Center Interview with Dr. James Mwangi
“Invest in yourself. Your career is the engine of your wealth.”
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target1360
#90 Posted : Thursday, May 29, 2014 9:29:25 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
Dr mwangi successfully out did big players in the banking industry even when few believed that many poor kenyans could ever hold a bank account.
watch this
I find satisfaction in owning great business,not trading them
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