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Safaricom hits banks with new M-Pesa transfer fees
Rank: New-farer Joined: 12/27/2013 Posts: 87
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It always impossible to walk alone in business. You will need other partner to do a smartbusiness. Bank will need network to connect to there customer while SAFARICOM need customer to use the app.I.e data. There is a mutual benefit to both. Bank will not provide simplicity when it come money but SAFARICOM will do. Even now some bank have difficulties in reconciling some tnx done via mpesa.l don't think bank will partner to provide the necessary infrastructure because they are busy competing. Cba is already smiling partnership with safaricom while kcb didn't gain much with kcbmpesa. GOOD TO GREAT. KINGOTORE
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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murchr wrote:doubletap wrote:kyt wrote:it is simple because there is no better alternative, before cars, horses were the best modes of transport True, the process is pain free so to speak and the same could be done with an app. Log in and your good to go hide all the complexity from the user. With the app on your phone you just need the other persons no and amount which bank or network then does not matter. Then you could get a SMS confirmation You are very naive. How many ppl in kenya have smart phones?  @doubletab is a typical 8-4-4 product, can't think beyond his assignments in campus. He will sooner or later learn that Keep It Simple Stupid (KISS) is what works in life. For instance Wazua keeps growing despite a very simple interface. Life is short. Live passionately.
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Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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Usain Bolt:
"Behind the scenes is where all the work is done".
The app is a frontend.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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How many users want to walk to a bank and be told your signature has changed.
By this I mean the banks made customer life miserable, queues, processes etc.
And to make matters worse there was this thing of minimum balance or your account is closed.
I am sure you can remember many more. I am sure no customer want to go back and for that matter to open an account only to receive money once a month.
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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sparkly wrote:murchr wrote:doubletap wrote:kyt wrote:it is simple because there is no better alternative, before cars, horses were the best modes of transport True, the process is pain free so to speak and the same could be done with an app. Log in and your good to go hide all the complexity from the user. With the app on your phone you just need the other persons no and amount which bank or network then does not matter. Then you could get a SMS confirmation You are very naive. How many ppl in kenya have smart phones? @doubletab is a typical 8-4-4 product, can't think beyond his assignments in campus. He will sooner or later learn that Keep It Simple Stupid (KISS) is what works in life. For instance Wazua keeps growing despite a very simple interface. I totally agree was just offering a solution to what the tread was all about 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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Rank: New-farer Joined: 12/27/2013 Posts: 87
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Safaricom suspend smartloan until further notice. This is a product btn SAFARICOM and cba bank where customer purchase phone and pay in 6 months instalment. Has the cba gone broke or intentions to increase interest rate on this product? GOOD TO GREAT. KINGOTORE
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Kingotore wrote:Safaricom suspend smartloan until further notice. This is a product btn SAFARICOM and cba bank where customer purchase phone and pay in 6 months instalment. Has the cba gone broke or intentions to increase interest rate on this product? Source? "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: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Liquidity .. Hakuna pesa and Hakuna pesa
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Rank: Member Joined: 8/17/2007 Posts: 294
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Is scom trading ex-dividend today?
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Rank: New-farer Joined: 12/27/2013 Posts: 87
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Source. It was a communication sent to staff which l happened to see. GOOD TO GREAT. KINGOTORE
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Safaricom hits banks with new M-Pesa transfer fees
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