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Equity Bank unveils its MVNO strategy
Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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kollabo 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. In a few months time many will live to remember that statement. " Mr Mwangi said the cards have near field communication (NFC)
capability that enables them to be swiped on the point of sale devices. That function is particularly critical for the bank, coming at a time when the public service vehicle (PSV) industry is going cashless." Deleted
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Rank: Veteran Joined: 12/11/2006 Posts: 930
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quicksand wrote:kollabo 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. In a few months time many will live to remember that statement. " Mr Mwangi said the cards have near field communication (NFC)
capability that enables them to be swiped on the point of sale devices. That function is particularly critical for the bank, coming at a time when the public service vehicle (PSV) industry is going cashless." Once again a SIM card in and of itself is not NFC capable. It is a phone feature usually, or a specialized terminal. I pointed this out and the stones came thick and fast, even @Impunity joined Laughing out loudly Laughing out loudly ..Dr Mwangi is bright but there are things beyond even him. A 1000/- kabambe phone with Mwangi's SIM will not do NFC no matter how hard you shout or bash me...Helmet on, bring the stones once again..@sorovi, my telecomms compatriot where are you?.. More on NFC here: http:// en.m.wikipedia.or ...Near_field_communication [1] Communication is also possible between a NFC device and an unpowered NFC chip , called a "tag". [2] “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Veteran Joined: 4/1/2009 Posts: 1,885
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quicksand wrote:kollabo 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. In a few months time many will live to remember that statement. " Mr Mwangi said the cards have near field communication (NFC)
capability that enables them to be swiped on the point of sale devices. That function is particularly critical for the bank, coming at a time when the public service vehicle (PSV) industry is going cashless." Once again a SIM card in and of itself is not NFC capable. It is a phone feature usually, or a specialized terminal. I pointed this out and the stones came thick and fast, even @Impunity joined Laughing out loudly Laughing out loudly ..Dr Mwangi is bright but there are things beyond even him. A 1000/- kabambe phone with Mwangi's SIM will not do NFC no matter how hard you shout or bash me...Helmet on, bring the stones once again..@sorovi, my telecomms compatriot where are you?.. More on NFC here: http://en.m.wikipedia.or...Near_field_communication you do owe mr. mwangi (do you call something with honorary doctorate a dr.?) an apology on this. it seems that nfc can be either phone or sim enabled: 1. NFC SD and SIM Cards2. Which NFC secure element will win the day? (Analysis)etc
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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mkenyan wrote:quicksand wrote:kollabo 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. In a few months time many will live to remember that statement. " Mr Mwangi said the cards have near field communication (NFC)
capability that enables them to be swiped on the point of sale devices. That function is particularly critical for the bank, coming at a time when the public service vehicle (PSV) industry is going cashless." Once again a SIM card in and of itself is not NFC capable. It is a phone feature usually, or a specialized terminal. I pointed this out and the stones came thick and fast, even @Impunity joined Laughing out loudly Laughing out loudly ..Dr Mwangi is bright but there are things beyond even him. A 1000/- kabambe phone with Mwangi's SIM will not do NFC no matter how hard you shout or bash me...Helmet on, bring the stones once again..@sorovi, my telecomms compatriot where are you?.. More on NFC here: http://en.m.wikipedia.or...Near_field_communication you do owe mr. mwangi (do you call something with honorary doctorate a dr.?) an apology on this. it seems that nfc can be either phone or sim enabled: 1. NFC SD and SIM Cards2. Which NFC secure element will win the day? (Analysis)etc Perhaps.....you still caught my post even after I deleted it  They are experimental / very small scale .its still a very nascent tech...That wont stop people arguing that the good doctor is the one who will mature this tech with a single masterstroke...
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Rank: Member Joined: 8/16/2012 Posts: 661
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How Equity mobile money service will workQuote:In its case, Equity will use Airtel’s network, issuing its own SIM cards which will also act as debit cards. Customers who choose not to take up the SIM card will be issued with debit cards in the form of film stickers at the back of their phones. The service will go live in July.  Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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And watch this interview https://www.youtube.com/watch?v=KA49NOOj1tY
James Mwangi says Money Transfer [M-Pesa] is just one aspect of the service. The full suite of banking transactions including sale of insurance will be offered. And at a minimal cost to customers. An additional benefit will be more customers for Equity. - Buy insurance - Buy/Sell shares - Transfer money (M-Pesa) - Pay bills - Pay for goods (like Lipa Na M-Pesa) - Banking transactions (online banking) - Make loans (M-Shwari) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/16/2012 Posts: 661
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VituVingiSana wrote:And watch this interview James Mwangi says Money Transfer [M-Pesa] is just one aspect of the service. The full suite of banking transactions including sale of insurance will be offered. And at a minimal cost to customers. An additional benefit will be more customers for Equity. At around 3:14 & 3:50 talks of buying stocks via the phone - Equity brokerage arm. Could make a considerable impact on the stock market & a flood of new Wazuans. Equity woos clients with phone loans in mobile banking bidQuote:Equity Bank is set to give loans to its customers for purchase of 10 million smartphones over the next four years to support the lender’s switch to mobile banking.
The bank’s chief executive James Mwangi said in an interview that customers will be given loans and repay the smartphones in installments.
“The smartphones acquired will be used as guarantee, for those who fail to honour the contract we will simply disable their handsets,” said Mr Mwangi. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Museveni wrote:VituVingiSana wrote:And watch this interview James Mwangi says Money Transfer [M-Pesa] is just one aspect of the service. The full suite of banking transactions including sale of insurance will be offered. And at a minimal cost to customers. An additional benefit will be more customers for Equity. At around 3:14 & 3:50 talks of buying stocks via the phone - Equity brokerage arm. Could make a considerable impact on the stock market & a flood of new Wazuans. Equity woos clients with phone loans in mobile banking bidQuote:Equity Bank is set to give loans to its customers for purchase of 10 million smartphones over the next four years to support the lender’s switch to mobile banking.
The bank’s chief executive James Mwangi said in an interview that customers will be given loans and repay the smartphones in installments.
“The smartphones acquired will be used as guarantee, for those who fail to honour the contract we will simply disable their handsets,” said Mr Mwangi. This Mwangi is too bright.I wonder what became of Martin Oduor Otieno and Adan Mohammed??/
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Rank: Veteran Joined: 11/9/2009 Posts: 2,003
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For those of us not this bus, to get onboard or not?
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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And one of the major reasons why Equity went into the MVNO business... Not for the fees off Many Transfers but the cheap deposits and 'Mobile Loans' which attract upto 24% in interest. http://www.businessdaily...6/-/yxd9xnz/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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