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Safaricom - NFC SIM Cards
Rank: Member Joined: 1/15/2010 Posts: 625
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SCOM has one up their sleeves. What do you think will happen? http://techmoran.com/developing...disrupt-mobile-payments/
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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Good things will happen. Uptake of "fancier" technology.  Wouldn't mind tapping my NFC enabled gadget to pay. Not sure though about the effect on the already existing "channel partners & ecosystem" for MPESA Payments/Lipa na MPESA etc.
Life is joy, death is peace, but the transition is very difficult.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Leader in Kenya NFC space is BebaPay from Google/Equity Bank, though even their results are mixed. So government steps in forcing all PSV to require such payments. Safaricom has a knack for announcing, announcing, announcing; but what of action! o Content streaming, TV leader is Zukuo Online professional courses following MSK, KSPS, Inoorero
o Internet to Schools piqued by Wananchio Matatu MPesa pay bill first announced Sep 2013
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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They will cannibalize their own Mpesa. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Oh I missed another business by announcement; Safaricom and warehouse receipting for maize and cereals http://www.businessdailyafrica....84/-/jvj1uj/-/index.htmlKulaRaha wrote:They will cannibalize their own Mpesa. @KulaRaha, not if the NFC uses the same MPesa wallet, deducting MPesa value after every transaction like in Vodafone Fiji. All those independent cards like NMG prepaid, MiFone etc. & their own I&M MPesa Prepay Safari card may face some pressure though.
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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This could be a great hit for them. The challenge with Mpesa has been the STK issue. If they are able to integrate Mpesa to the NFC Sim card, it means they will be the leaders in Matatu payments, supermarket payments, etc. That way they will be truly unbwogable. ION, the reason why Mpesa does so well in this market is coz banks think its easier to work alone instead of together. I wonder why I should withdraw money from my account to Mpesa so as to be able to send to someone else real-time. If banks were better inter-linked, they would easily by-pass Mpesa.
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Am also wondering...will Safcom allow these Sim cards to be integrated with Mobile Banking platforms such that one can make a payment via NFC directly from their bank account?
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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washiku wrote:
ION, the reason why Mpesa does so well in this market is coz banks think its easier to work alone instead of together. I wonder why I should withdraw money from my account to Mpesa so as to be able to send to someone else real-time If banks were better inter-linked, they would easily by-pass Mpesa.
Life is joy, death is peace, but the transition is very difficult.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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webish wrote:washiku wrote:
ION, the reason why Mpesa does so well in this market is coz banks think its easier to work alone instead of together. I wonder why I should withdraw money from my account to Mpesa so as to be able to send to someone else real-time If banks were better inter-linked, they would easily by-pass Mpesa.
How else would you want to do it?I think your SIM CARD must be out there before you even think of being a dominant player in mobile money. Formally employed people often live their employers' dream & forget about their own.
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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bird_man wrote:webish wrote:washiku wrote:
ION, the reason why Mpesa does so well in this market is coz banks think its easier to work alone instead of together. I wonder why I should withdraw money from my account to Mpesa so as to be able to send to someone else real-time If banks were better inter-linked, they would easily by-pass Mpesa.
How else would you want to do it?I think your SIM CARD must be out there before you even think of being a dominant player in mobile money. I think @Washiku meant, that Banks should have made it "extremely" easy to transfer money, so that we wouldn't have to 'download into mpesa before finally sending to someone. That's exactly what MPESA did.
Life is joy, death is peace, but the transition is very difficult.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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webish wrote:bird_man wrote:webish wrote:washiku wrote:
ION, the reason why Mpesa does so well in this market is coz banks think its easier to work alone instead of together. I wonder why I should withdraw money from my account to Mpesa so as to be able to send to someone else real-time If banks were better inter-linked, they would easily by-pass Mpesa.
How else would you want to do it?I think your SIM CARD must be out there before you even think of being a dominant player in mobile money. I think @Washiku meant, that Banks should have made it "extremely" easy to transfer money, so that we wouldn't have to 'download into mpesa before finally sending to someone. That's exactly what MPESA did. Formally employed people often live their employers' dream & forget about their own.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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I want to see how they will convince people to show their phones in public.
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Rank: Member Joined: 6/17/2010 Posts: 572
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local banks should jump on to this NFC bus and roll out NFC enabled ATM cards now that they are upgrading to chip tech, i use one and its very convinient 'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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webish wrote:bird_man wrote:webish wrote:washiku wrote:
ION, the reason why Mpesa does so well in this market is coz banks think its easier to work alone instead of together. I wonder why I should withdraw money from my account to Mpesa so as to be able to send to someone else real-time If banks were better inter-linked, they would easily by-pass Mpesa.
How else would you want to do it?I think your SIM CARD must be out there before you even think of being a dominant player in mobile money. I think @Washiku meant, that Banks should have made it "extremely" easy to transfer money, so that we wouldn't have to 'download into mpesa before finally sending to someone. That's exactly what MPESA did. Exactly. Interbank transfer should be easy, straightforward and real time. Banks can always agree on how to settle with each other. Its very doable.
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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vky wrote:local banks should jump on to this NFC bus and roll out NFC enabled ATM cards now that they are upgrading to chip tech, i use one and its very convinient By the way is the current Equity card being advertised NFC enabled?
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Rank: Member Joined: 6/17/2010 Posts: 572
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washiku wrote:vky wrote:local banks should jump on to this NFC bus and roll out NFC enabled ATM cards now that they are upgrading to chip tech, i use one and its very convinient By the way is the current Equity card being advertised NFC enabled? its enabled, the little wi-fi like sign next to the chip shows its NFC enabled 'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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vky wrote:washiku wrote:vky wrote:local banks should jump on to this NFC bus and roll out NFC enabled ATM cards now that they are upgrading to chip tech, i use one and its very convinient By the way is the current Equity card being advertised NFC enabled? its enabled, the little wi-fi like sign next to the chip shows its NFC enabled @vky Where do you use it in KE? I mean what kind of transaction? You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: Member Joined: 6/17/2010 Posts: 572
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XSK wrote:vky wrote:washiku wrote:vky wrote:local banks should jump on to this NFC bus and roll out NFC enabled ATM cards now that they are upgrading to chip tech, i use one and its very convinient By the way is the current Equity card being advertised NFC enabled? its enabled, the little wi-fi like sign next to the chip shows its NFC enabled @vky Where do you use it in KE? I mean what kind of transaction? sorry didnt clarify where, i dont use it in KE, i use it mostly to pay for tickets (train, tram and bus) and anywhere where there is NFC point of sale where you tap the card 'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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vky wrote:XSK wrote:vky wrote:washiku wrote:vky wrote:local banks should jump on to this NFC bus and roll out NFC enabled ATM cards now that they are upgrading to chip tech, i use one and its very convinient By the way is the current Equity card being advertised NFC enabled? its enabled, the little wi-fi like sign next to the chip shows its NFC enabled @vky Where do you use it in KE? I mean what kind of transaction? sorry didnt clarify where, i dont use it in KE, i use it mostly to pay for tickets (train, tram and bus) and anywhere where there is NFC point of sale where you tap the card @Vky Understood You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Safaricom - NFC SIM Cards
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