Rank: Member Joined: 8/16/2012 Posts: 661
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symbols wrote:Museveni wrote:symbols wrote:Museveni wrote:symbols wrote:Museveni wrote:C&PQuote: Tuesday, April 30, 2013 | 10:36 AM
The bus is a great way to get around, but it can be frustrating if you don’t have enough money for the journey, or the conductor forgets to give you change from your fare.
So Google has teamed up with Equity Bank, the largest bank in East Africa, to launch BebaPay, a payment card that makes it easier and more convenient to pay for bus travel in Kenya. LinkWhat are the figures contributed in the short period the collaboration has been in effect ? Too risky or another milestone bagged ? Risky.It might take some time but when safaricom starts introducing NFC smartphones,they will still take this market.NFC belongs to telcos. It would certainly get interesting should Safaricom step up their NFC phones sales pitch & link up M-Shwari A/Cs with the Beba service But the Brown Cookie looks almost ready. Early lead. But its the numbers that matter most. Personally I think they made a terrible move.When the time is ready Scom will embarrass them.They have the lead but not the advantage.For one thing NFC is the next battle ground for telcos especially for cashless transactions and I suspect that is why google targeted equity. Although other financial institutions are trying to tap NFC,the convenience offered by smartphones is greater than cards.Its all in one.I am also considering that consumer education can be done easily by telcos than equity or google because when it comes to technology in Kenya they are the influential players. Another aspect you've brought up is M-shwari and M-pesa.NFC might be used to create transactions easier especially for M-pesa and I suspect we will also see a Scom app that might rely on it.But I have to check the security of NFC first.All in all,NFC will be everywhere! If SCOM can have the transactions occur-in-app, then the early lead can be erased and forgotten since: 1. SCOM is well trusted in marketing tech products [phones] by the masses 2. SCOM better placed to effectively & quickly manage the software component of the undertaking 3. Even though EQTY has a wide client-base, these phones need only be deployed to few [ Matatu operators esp & other traders in future ] Presenting a very huge opportunity for SCOM or any other telco willing to fuel this to the next level, mass adoption. I agree.I think thats why I'm attracted to Scom as a share,it has great potential especially to convert technology into profit.It would have been great if equity and scom partnered up on this and other projects.IMO these two are well suited but alas with two giants egos will be the issue. Not happening. These now are competitors. Think M-Shwari & the fact SCOM already partnered with CBA Live and learn; and don’t forget, nothing ventured, nothing gained.
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