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Safaricom 2019/2020
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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aemathenge wrote:NTSA Seeks Ban On Use Of Cash For Matatu FaresWEDNESDAY, JUNE 3, 2020 9:00 Use of cash in public transport services is likely to be banned once the government approves a digital fare collection system that will also have the technical capability to contact trace passengers in the fight against the novel coronavirus disease. The National Transport and Safety Authority (NTSA) has advertised for bids inviting tech companies to install mobile software and web applications for the nearly 2 00,000 matatus in the country. Once the system is in place, all passengers could be required to pay their fares via mobile money platforms, giving the government access to their identities and personal contact information that is needed to combat the Covid-19 pandemic, which has disrupted lives worldwide. NTSA Director-General George Njao said through a tender notice the authority plans to introduce the mandatory use of cashless payments for all Public Service Vehicles (PSVs)”. “The cashless system will also provide a platform for development of an effective contact tracing application to support the government effort in addressing the coronavirus pandemic.” Contact tracing, a disease control method that traditionally relies on patients’ memories of their movements, identifies people they might have infected so they too can be isolated either for monitoring or treatment. Firms are expected to submit their bids before June 16, an indication of the State agency’s plan to roll out the cashless payment platform. That means companies have two weeks to submit their bids.Source: The Business Daily Newspaper: https://www.businessdail...9816-ftl5d0z/index.html
NTSA shouldn't invest in a cashless system. They should simply pass a law banning cash fares and require matatu saccos to procure and install cashless fare systems. Impose fines for operators and passengers found flouting. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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sparkly wrote:aemathenge wrote:NTSA Seeks Ban On Use Of Cash For Matatu FaresWEDNESDAY, JUNE 3, 2020 9:00 Use of cash in public transport services is likely to be banned once the government approves a digital fare collection system that will also have the technical capability to contact trace passengers in the fight against the novel coronavirus disease. The National Transport and Safety Authority (NTSA) has advertised for bids inviting tech companies to install mobile software and web applications for the nearly 2 00,000 matatus in the country. Once the system is in place, all passengers could be required to pay their fares via mobile money platforms, giving the government access to their identities and personal contact information that is needed to combat the Covid-19 pandemic, which has disrupted lives worldwide. NTSA Director-General George Njao said through a tender notice the authority plans to introduce the mandatory use of cashless payments for all Public Service Vehicles (PSVs)”. “The cashless system will also provide a platform for development of an effective contact tracing application to support the government effort in addressing the coronavirus pandemic.” Contact tracing, a disease control method that traditionally relies on patients’ memories of their movements, identifies people they might have infected so they too can be isolated either for monitoring or treatment. Firms are expected to submit their bids before June 16, an indication of the State agency’s plan to roll out the cashless payment platform. That means companies have two weeks to submit their bids.Source: The Business Daily Newspaper: https://www.businessdail...9816-ftl5d0z/index.html
NTSA shouldn't invest in a cashless system. They should simply pass a law banning cash fares and require matatu saccos to procure and install cashless fare systems. Impose fines for operators and passengers found flouting. What if there are 10 different systems that don't talk to each other? Would I need EquiCard on some routes and SafCard on others? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:aemathenge wrote:NTSA Seeks Ban On Use Of Cash For Matatu FaresWEDNESDAY, JUNE 3, 2020 9:00 Use of cash in public transport services is likely to be banned once the government approves a digital fare collection system that will also have the technical capability to contact trace passengers in the fight against the novel coronavirus disease. The National Transport and Safety Authority (NTSA) has advertised for bids inviting tech companies to install mobile software and web applications for the nearly 2 00,000 matatus in the country. Once the system is in place, all passengers could be required to pay their fares via mobile money platforms, giving the government access to their identities and personal contact information that is needed to combat the Covid-19 pandemic, which has disrupted lives worldwide. NTSA Director-General George Njao said through a tender notice the authority plans to introduce the mandatory use of cashless payments for all Public Service Vehicles (PSVs)”. “The cashless system will also provide a platform for development of an effective contact tracing application to support the government effort in addressing the coronavirus pandemic.” Contact tracing, a disease control method that traditionally relies on patients’ memories of their movements, identifies people they might have infected so they too can be isolated either for monitoring or treatment. Firms are expected to submit their bids before June 16, an indication of the State agency’s plan to roll out the cashless payment platform. That means companies have two weeks to submit their bids.Source: The Business Daily Newspaper: https://www.businessdail...9816-ftl5d0z/index.html
NTSA shouldn't invest in a cashless system. They should simply pass a law banning cash fares and require matatu saccos to procure and install cashless fare systems. Impose fines for operators and passengers found flouting. What if there are 10 different systems that don't talk to each other? Would I need EquiCard on some routes and SafCard on others? One provider for all matatus is monopolistic and anti-competitive. Payment should be left to market forces. Life is short. Live passionately.
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Rank: New-farer Joined: 11/15/2016 Posts: 29
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sparkly wrote:VituVingiSana wrote:sparkly wrote:aemathenge wrote:NTSA Seeks Ban On Use Of Cash For Matatu FaresWEDNESDAY, JUNE 3, 2020 9:00 Use of cash in public transport services is likely to be banned once the government approves a digital fare collection system that will also have the technical capability to contact trace passengers in the fight against the novel coronavirus disease. The National Transport and Safety Authority (NTSA) has advertised for bids inviting tech companies to install mobile software and web applications for the nearly 2 00,000 matatus in the country. Once the system is in place, all passengers could be required to pay their fares via mobile money platforms, giving the government access to their identities and personal contact information that is needed to combat the Covid-19 pandemic, which has disrupted lives worldwide. NTSA Director-General George Njao said through a tender notice the authority plans to introduce the mandatory use of cashless payments for all Public Service Vehicles (PSVs)”. “The cashless system will also provide a platform for development of an effective contact tracing application to support the government effort in addressing the coronavirus pandemic.” Contact tracing, a disease control method that traditionally relies on patients’ memories of their movements, identifies people they might have infected so they too can be isolated either for monitoring or treatment. Firms are expected to submit their bids before June 16, an indication of the State agency’s plan to roll out the cashless payment platform. That means companies have two weeks to submit their bids.Source: The Business Daily Newspaper: https://www.businessdail...9816-ftl5d0z/index.html
NTSA shouldn't invest in a cashless system. They should simply pass a law banning cash fares and require matatu saccos to procure and install cashless fare systems. Impose fines for operators and passengers found flouting. What if there are 10 different systems that don't talk to each other? Would I need EquiCard on some routes and SafCard on others? One provider for all matatus is monopolistic and anti-competitive. Payment should be left to market forces. I am wondering if they need to create a system at all. They can pass the law and say use mpesa or other mobile forms of payment already in place. Matatu owners have paybill or phone number for every matatu. Already digital payment are all over the country.
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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eangaga wrote:sparkly wrote:VituVingiSana wrote:sparkly wrote:aemathenge wrote:NTSA Seeks Ban On Use Of Cash For Matatu FaresWEDNESDAY, JUNE 3, 2020 9:00 Use of cash in public transport services is likely to be banned once the government approves a digital fare collection system that will also have the technical capability to contact trace passengers in the fight against the novel coronavirus disease. The National Transport and Safety Authority (NTSA) has advertised for bids inviting tech companies to install mobile software and web applications for the nearly 2 00,000 matatus in the country. Once the system is in place, all passengers could be required to pay their fares via mobile money platforms, giving the government access to their identities and personal contact information that is needed to combat the Covid-19 pandemic, which has disrupted lives worldwide. NTSA Director-General George Njao said through a tender notice the authority plans to introduce the mandatory use of cashless payments for all Public Service Vehicles (PSVs)”. “The cashless system will also provide a platform for development of an effective contact tracing application to support the government effort in addressing the coronavirus pandemic.” Contact tracing, a disease control method that traditionally relies on patients’ memories of their movements, identifies people they might have infected so they too can be isolated either for monitoring or treatment. Firms are expected to submit their bids before June 16, an indication of the State agency’s plan to roll out the cashless payment platform. That means companies have two weeks to submit their bids.Source: The Business Daily Newspaper: https://www.businessdail...9816-ftl5d0z/index.html
NTSA shouldn't invest in a cashless system. They should simply pass a law banning cash fares and require matatu saccos to procure and install cashless fare systems. Impose fines for operators and passengers found flouting. What if there are 10 different systems that don't talk to each other? Would I need EquiCard on some routes and SafCard on others? One provider for all matatus is monopolistic and anti-competitive. Payment should be left to market forces. I am wondering if they need to create a system at all. They can pass the law and say use mpesa or other mobile forms of payment already in place. Matatu owners have paybill or phone number for every matatu. Already digital payment are all over the country. You are against creating employment opportunities Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:sparkly wrote:aemathenge wrote:NTSA Seeks Ban On Use Of Cash For Matatu FaresWEDNESDAY, JUNE 3, 2020 9:00 Use of cash in public transport services is likely to be banned once the government approves a digital fare collection system that will also have the technical capability to contact trace passengers in the fight against the novel coronavirus disease. The National Transport and Safety Authority (NTSA) has advertised for bids inviting tech companies to install mobile software and web applications for the nearly 2 00,000 matatus in the country. Once the system is in place, all passengers could be required to pay their fares via mobile money platforms, giving the government access to their identities and personal contact information that is needed to combat the Covid-19 pandemic, which has disrupted lives worldwide. NTSA Director-General George Njao said through a tender notice the authority plans to introduce the mandatory use of cashless payments for all Public Service Vehicles (PSVs)”. “The cashless system will also provide a platform for development of an effective contact tracing application to support the government effort in addressing the coronavirus pandemic.” Contact tracing, a disease control method that traditionally relies on patients’ memories of their movements, identifies people they might have infected so they too can be isolated either for monitoring or treatment. Firms are expected to submit their bids before June 16, an indication of the State agency’s plan to roll out the cashless payment platform. That means companies have two weeks to submit their bids.Source: The Business Daily Newspaper: https://www.businessdail...9816-ftl5d0z/index.html
NTSA shouldn't invest in a cashless system. They should simply pass a law banning cash fares and require matatu saccos to procure and install cashless fare systems. Impose fines for operators and passengers found flouting. What if there are 10 different systems that don't talk to each other? Would I need EquiCard on some routes and SafCard on others? One provider for all matatus is monopolistic and anti-competitive. Payment should be left to market forces. I like competition too. What I am asking is will one need EquiCard for some routes, SafCard for others, etc? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/22/2015 Posts: 682
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What's with trying to reinvent the wheel? The market has already taken to the till number system, just give all matatus a till number. Then advertise the fact that with cashless payments, you won't have to hold your breath for change from crafty makangas
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Mike Ock wrote:What's with trying to reinvent the wheel? The market has already taken to the till number system, just give all matatus a till number. Then advertise the fact that with cashless payments, you won't have to hold your breath for change from crafty makangas In the technology world, the wheel gets reinvented over and over. The question should be, will the new wheel render the current one irrelevant? "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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Rank: Member Joined: 7/1/2009 Posts: 274
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Mike Ock wrote:What's with trying to reinvent the wheel? The market has already taken to the till number system, just give all matatus a till number. Then advertise the fact that with cashless payments, you won't have to hold your breath for change from crafty makangas Safaricom guys would love this...getting handed a whole industry, with no competitor to keep them from getting greedy.
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Rank: Chief Joined: 1/3/2007 Posts: 18,380 Location: Nairobi
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Monk wrote:Mike Ock wrote:What's with trying to reinvent the wheel? The market has already taken to the till number system, just give all matatus a till number. Then advertise the fact that with cashless payments, you won't have to hold your breath for change from crafty makangas Safaricom guys would love this...getting handed a whole industry, with no competitor to keep them from getting greedy. True. We need a neutral system that can accept money from any payer. Perhaps a "national clearing house" that is publicly owned so we can also benefit. Payment via debit cards, mobile phone apps, credit cards, prepaid (debit) cards, etc. BUT it is not as simple as that given the small amounts required. Check this out. https://tech.economictim...small-purchases/64551380Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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