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Safaricom hits banks with new M-Pesa transfer fees
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ngapat
#11 Posted : Thursday, August 27, 2015 8:18:02 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
The banks should start by cancelling the linking of bank accounts to mpesa.
Then they can combine together and start their own network or mvno since people want money on their mobiles
“Invest in yourself. Your career is the engine of your wealth.”
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  | | Edit by user: Thursday, August 27, 2015 8:20 PM | Reason: Not specified
bird_man
#12 Posted : Thursday, August 27, 2015 8:30:51 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
ngapat wrote:
The banks should start by cancelling the linking of bank accounts to mpesa.
Then they can combine together and start their own network or mvno since people want money on their mobiles

Why do you need money in your mobile?
All you need is to know my bank account/cell phone number and using your phone transfer money to my account.I go to the shopkeeper and transfer to his account.I also send to my mums account etc....

I dont think you need it on your mobile wallet.
Formally employed people often live their employers' dream & forget about their own.
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murchr
#13 Posted : Thursday, August 27, 2015 8:36:12 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
ngapat wrote:
The banks should start by cancelling the linking of bank accounts to mpesa.
Then they can combine together and start their own network or mvno since people want money on their mobiles


Good luck with that
"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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sparkly
#14 Posted : Thursday, August 27, 2015 8:44:01 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
murchr wrote:
ngapat wrote:
The banks should start by cancelling the linking of bank accounts to mpesa.
Then they can combine together and start their own network or mvno since people want money on their mobiles


Good luck with that


If Safaricom is broken into Communications and Mpesa and Mpesa gets a Banking licence, the banks with their nyef nyef will be toast.
Life is short. Live passionately.
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watesh
#15 Posted : Friday, August 28, 2015 8:46:21 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
murchr wrote:
ngapat wrote:
The banks should start by cancelling the linking of bank accounts to mpesa.
Then they can combine together and start their own network or mvno since people want money on their mobiles


Good luck with that

Hahaha banks need mpesa more than mpesa needs them. Remember mpesa started and grew without any help from a bank.
One strategy they can employ is bill payments from your mobile or online. A number of people get salaries into their bank accounts, bypass safaricom and get a payment platform that is efficient and easy to use.
Am waiting for Equitel to introduce DSTV, KPLC prepayments and others and my mpesa usage will drop by 80%
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murchr
#16 Posted : Friday, August 28, 2015 2:27:36 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
sparkly wrote:
murchr wrote:
ngapat wrote:
The banks should start by cancelling the linking of bank accounts to mpesa.
Then they can combine together and start their own network or mvno since people want money on their mobiles


Good luck with that


If Safaricom is broken into Communications and Mpesa and Mpesa gets a Banking licence, the banks with their nyef nyef will be toast.


Matiang'i was being over ambitious believe me, that will not happen and if it were it wouldn't be without a fight. Mpesa just like mastercard or visa will not get a banking license.
"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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doubletap
#17 Posted : Friday, August 28, 2015 5:39:38 PM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
Think it would be much easier if the banks made an app that is linked to your phone no for individuals and a registered no for companies which is then connected to your bank account just like your ATM card. Then every transaction is from your account and payment is directly to your account. Using a security app every transaction is verified. If the app is then owned by all the banks and institutions that require financial services and run as a private entity. A service provider. If you need physical cash there are ATM's or bank agents kila mahali.
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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Mike Will
#18 Posted : Friday, August 28, 2015 7:33:52 PM
Rank: New-farer

Joined: 8/27/2015
Posts: 15
Location: Nairobi
doubletap wrote:
Think it would be much easier if the banks made an app that is linked to your phone no for individuals and a registered no for companies which is then connected to your bank account just like your ATM card. Then every transaction is from your account and payment is directly to your account. Using a security app every transaction is verified. If the app is then owned by all the banks and institutions that require financial services and run as a private entity. A service provider. If you need physical cash there are ATM's or bank agents kila mahali.


What exactly does your solution propose to solve? And why would it succeed where credit cards have failed? d'oh!
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vickip
#19 Posted : Friday, August 28, 2015 7:39:58 PM
Rank: Hello

Joined: 8/28/2015
Posts: 1
i think its is very risky especially for those investors who are very establish because then they have to worry on how secure their money is since the risk of hackers using phone numbers to get your money increases
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XSK
#20 Posted : Saturday, August 29, 2015 9:43:42 AM
Rank: Veteran

Joined: 12/8/2009
Posts: 975
Location: Nairobi
In the money transfer business, the higher the number of players the better for us. Let the banks NOT fight Safaricom rather develop their own solution. The customers will find the best solution and use. The motto should be LIVE and LET LIVE
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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