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Equity Bank unveils its MVNO strategy
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CASHFLOW202
#581 Posted : Sunday, October 19, 2014 2:58:13 PM
Rank: New-farer

Joined: 4/6/2013
Posts: 95
jwatesh wrote:
Got a normal sim equitel line.... am a safaricom and equity share holder...I have to admit that am impressed with Equitel so far, thin sim equitel line is a good idea since it works so well with a safaricom line. Safaricom is my identity line since it what is in most of my formal documents. Equitel will be my banking line when am using money from my Equity bank account... Safaricom shouldn't be that afraid since mobile money is just one part of their services,other banks with retail customers should be very afraid....I see people transferring their salary accounts here.


And their customers support center is up to the bit. Great customer service I received when my transactions delayed. I must say all the 1.something trillion on the mpesa pipeline is first finding its way into equitel well reserved pipeline starting with all my business and family transactions. Am well impressed even before I get my thin Sim for near field cash transfers/payments.
Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW
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target1360
#582 Posted : Sunday, October 19, 2014 6:34:36 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
am reactivating my dormant member account first thing Tuesday morning getting their sim card. on the other hand airtel data is a mess,got and the unlimited bundle but am now wishing i d got some beer instead,pathetic
I find satisfaction in owning great business,not trading them
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newfarer
#583 Posted : Sunday, October 19, 2014 7:14:22 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
why would anyone oppose this



www.standardmedia.co.ke/...-this-mean-for-consumers


unless he is a competitor or bribed to oppose?


I need that thin sim yesterday.
punda amecheka
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  | | Edit by user: Sunday, October 19, 2014 7:17 PM | Reason: Not specified
obiero
#584 Posted : Monday, October 20, 2014 8:30:17 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,219
Location: nairobi
Dr Mwangi is facing the mountain Making mad money.. Im proud of the guy

KQ ABP 4.26
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MaichBlack
#585 Posted : Monday, October 20, 2014 8:46:54 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
Ericsson wrote:
Global market selloff in the equities.
Expect the cold to catch the other counters next week

Relax! Bounced back on Friday (Saturday in Kenya). It was a crazy couple of days though.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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arkard
#586 Posted : Monday, October 20, 2014 1:09:30 PM
Rank: New-farer

Joined: 9/24/2012
Posts: 63
MaichBlack wrote:
innovator wrote:
Just sent sh1500 from equitel to mpesa charged sh49. Not good at all.


Not to worry! You will not worry about cost for long. Apparently! Here is the link

safaricom charges Equity sh33 for every money sent to mpesa. The cost will go down once money can directly sent to individual's number and they withdraw using equity agent or atm.
Above all, guard your heart, for it is the wellspring of life.
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MaichBlack
#587 Posted : Monday, October 20, 2014 6:36:41 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
arkard wrote:
MaichBlack wrote:
innovator wrote:
Just sent sh1500 from equitel to mpesa charged sh49. Not good at all.


Not to worry! You will not worry about cost for long. Apparently! Here is the link

safaricom charges Equity sh33 for every money sent to mpesa. The cost will go down once money can directly sent to individual's number and they withdraw using equity agent or atm.

This will work to Equity's favour. Slowly but surely, people will start opening Equity accounts - free, get the thin sim - free, and start sending money - free; while still keeping their Safcom [or whichever] line! Seems like a no brainer to me. Then Equity will convince big timers - Kenya Power, Universities, Schools, Supermarkets, other retailers etc. to open Equity Bank accounts and voila! Free bill payments!!! Are you still with me?

This is going to be HUGE!! Don't think they have established a whole subsidiary and hired heavy hitters for nothing. Safcom knows this and that is why they have put up a big fight. Safcom were virtually unchallenged in the mobile money market. The party is over! And they have been challenged na wale wabaya!! Dr. James Mwangi is a big dreamer. And he backs his dreams with actions. Anyone hoping he'll settle to being 'just another player' in the mobile money business better think again. I'm sure he has dreamt about eating Safcom's lunch, dinner and breakfast - eventually! One plate at a time. And with 12 Billion worth of Equity stock between him and his wife, failure is not an option!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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VituVingiSana
#588 Posted : Monday, October 20, 2014 10:51:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
arkard wrote:
MaichBlack wrote:
innovator wrote:
Just sent sh1500 from equitel to mpesa charged sh49. Not good at all.


Not to worry! You will not worry about cost for long. Apparently! Here is the link

safaricom charges Equity sh33 for every money sent to mpesa. The cost will go down once money can directly sent to individual's number and they withdraw using equity agent or atm.
Airtel already does that. You can send money to a Safaricom number (not M-Pesa) BUT you withdraw from an Airtel agent. I have a gut feeling that Airtel and Equity will share agents.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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radio
#589 Posted : Tuesday, October 21, 2014 1:54:22 AM
Rank: Veteran

Joined: 11/9/2009
Posts: 2,003
MaichBlack wrote:
arkard wrote:
MaichBlack wrote:
innovator wrote:
Just sent sh1500 from equitel to mpesa charged sh49. Not good at all.


Not to worry! You will not worry about cost for long. Apparently! Here is the link

safaricom charges Equity sh33 for every money sent to mpesa. The cost will go down once money can directly sent to individual's number and they withdraw using equity agent or atm.

This will work to Equity's favour. Slowly but surely, people will start opening Equity accounts - free, get the thin sim - free, and start sending money - free; while still keeping their Safcom [or whichever] line! Seems like a no brainer to me. Then Equity will convince big timers - Kenya Power, Universities, Schools, Supermarkets, other retailers etc. to open Equity Bank accounts and voila! Free bill payments!!! Are you still with me?

This is going to be HUGE!! Don't think they have established a whole subsidiary and hired heavy hitters for nothing. Safcom knows this and that is why they have put up a big fight. Safcom were virtually unchallenged in the mobile money market. The party is over! And they have been challenged na wale wabaya!! Dr. James Mwangi is a big dreamer. And he backs his dreams with actions. Anyone hoping he'll settle to being 'just another player' in the mobile money business better think again. I'm sure he has dreamt about eating Safcom's lunch, dinner and breakfast - eventually! One plate at a time. And with 12 Billion worth of Equity stock between him and his wife, failure is not an option!


Just imagine if Equity started a do-the-campaign!
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mlennyma
#590 Posted : Tuesday, October 21, 2014 7:03:02 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Tell me when he sells his 12b stake I sell my 5bob stake
"Don't let the fear of losing be greater than the excitement of winning."
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