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Equity Bank unveils its MVNO strategy
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Kastone
#181 Posted : Tuesday, August 19, 2014 4:19:49 PM
Rank: New-farer

Joined: 3/1/2014
Posts: 82
Equity's fate to be determined on Friday. Already there's excitement from Mwananchi and fear with Safaricom already lowering prices
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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innovator
#182 Posted : Tuesday, August 19, 2014 4:24:37 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
Kastone wrote:
Equity's fate to be determined on Friday. Already there's excitement from Mwananchi and fear with Safaricom already lowering prices

Which prices has safaricom lowered.
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Kastone
#183 Posted : Tuesday, August 19, 2014 4:41:41 PM
Rank: New-farer

Joined: 3/1/2014
Posts: 82
innovator wrote:
Kastone wrote:
Equity's fate to be determined on Friday. Already there's excitement from Mwananchi and fear with Safaricom already lowering prices

Which prices has safaricom lowered.


M-Pesa charges. honestly it's a clever move.

Range Ksh. 10 - 1500 - 15 bob representing 67% drop.

The reason is according to "research" around 65% of the transactions fall under that range. Fear much?
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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poundfoolish
#184 Posted : Tuesday, August 19, 2014 4:42:06 PM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
innovator wrote:
Kastone wrote:
Equity's fate to be determined on Friday. Already there's excitement from Mwananchi and fear with Safaricom already lowering prices

Which prices has safaricom lowered.


the latest move seems to suggest it is targeting to keep the small man in its grip.. btn 501 and 2500, charges dropped to 15 bob anything above charges go up to 45. I guess they are saying for any larger transactions, please use your bank (banks that will affiliate with them) while for the normal mwananichi stick to us (MPesa). I also fore see them bringing down charges for upto 10K transactions.

Excitement from Mwananchi? Nope!! I dont see it (with Kenyans and their peculiar habits)
Slim SIM game changer? Definitely yes.

But Member better be in this for the long haul and with the best strategy and money.. they should be looking at a battle of 5-10years to upstage Mpesa bank on that.
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mlennyma
#185 Posted : Tuesday, August 19, 2014 4:47:51 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This safcom is never mwananchi friendly until under pressure by competition,too bad.
"Don't let the fear of losing be greater than the excitement of winning."
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innovator
#186 Posted : Tuesday, August 19, 2014 5:34:08 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
I agree, this safaricom thing is a sucker, using unorthodox methods to freeze the mwananchi.
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bkismat
#187 Posted : Tuesday, August 19, 2014 6:03:49 PM
Rank: Elder

Joined: 10/23/2009
Posts: 2,375
poundfoolish wrote:
innovator wrote:
Kastone wrote:
Equity's fate to be determined on Friday. Already there's excitement from Mwananchi and fear with Safaricom already lowering prices

Which prices has safaricom lowered.


the latest move seems to suggest it is targeting to keep the small man in its grip.. btn 501 and 2500, charges dropped to 15 bob anything above charges go up to 45. I guess they are saying for any larger transactions, please use your bank (banks that will affiliate with them) while for the normal mwananichi stick to us (MPesa). I also fore see them bringing down charges for upto 10K transactions.

Excitement from Mwananchi? Nope!! I dont see it (with Kenyans and their peculiar habits)
Slim SIM game changer? Definitely yes.

But Member better be in this for the long haul and with the best strategy and money.. they should be looking at a battle of 5-10years to upstage Mpesa bank on that.

Only sending charges affected. Withdrawal remains the same
It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt...
-Mark Twain
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hisah
#188 Posted : Tuesday, August 19, 2014 6:53:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mlennyma wrote:
This safcom is never mwananchi friendly until under pressure by competition,too bad.


innovator wrote:
I agree, this safaricom thing is a sucker, using unorthodox methods to freeze the mwananchi.


If you are the monopoly in a market you decide the price until the status changes. Simple economics 101...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kyt
#189 Posted : Tuesday, August 19, 2014 7:03:02 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
hisah wrote:
mlennyma wrote:
This safcom is never mwananchi friendly until under pressure by competition,too bad.


innovator wrote:
I agree, this safaricom thing is a sucker, using unorthodox methods to freeze the mwananchi.


If you are the monopoly in a market you decide the price until the status changes. Simple economics 101...

spot on hisah. the question remains how long will the oligopoly in banking sector last?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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innovator
#190 Posted : Tuesday, August 19, 2014 7:08:50 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
hisah wrote:
mlennyma wrote:
This safcom is never mwananchi friendly until under pressure by competition,too bad.


innovator wrote:
I agree, this safaricom thing is a sucker, using unorthodox methods to freeze the mwananchi.


If you are the monopoly in a market you decide the price until the status changes. Simple economics 101...


The part that looks crooked is where they use delaying tactics so that they can first find a counter measure
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