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Safaricom 2019/2020
Rank: Member Joined: 7/1/2009 Posts: 272
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Angelica _ann wrote:Monk wrote:Monk wrote:xtina wrote:I boarded matatus and offered to pay by MPESA. All the condas refused, infact in one case I was politely asked to leave the mat if I don't have cash, which I did. In the other case, the conda shouted to the other passengers that they will not accept MPESA.
It seems hii mambo ya kulipa fare na MPESA will not be easy, matatu guys are simply stuck to their ways. M-Pesa, like Visa, is a payment service operated by a private company for profit. In a free market economy, a merchant has a right to decide whether or not to patronize Safaricom. This is partly why Huduma card is controversial...the Mastercard connection. Don't worry, innovation will kill this resistance. Watch this space. No one denies M-Pesa is an innovation. I'm for free market. Let pricing/value be the determining factor. Forcing someone to use M-Pesa is no different from forcing Transporters to use the SGR. Incidentally, businesses accepting M-Pesa are increasingly moving to "Pay Bill", thus passing the Safaricom charges to the buyer. As part of the minority middle class, you can afford it. Can the majority lower income Kenyans afford it? What will they choose, if asked to pay by cash(no fees) or M-Pesa (with fees)?
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Rank: Member Joined: 7/1/2009 Posts: 272
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Monk wrote:Angelica _ann wrote:Monk wrote:Monk wrote:xtina wrote:I boarded matatus and offered to pay by MPESA. All the condas refused, infact in one case I was politely asked to leave the mat if I don't have cash, which I did. In the other case, the conda shouted to the other passengers that they will not accept MPESA.
It seems hii mambo ya kulipa fare na MPESA will not be easy, matatu guys are simply stuck to their ways. M-Pesa, like Visa, is a payment service operated by a private company for profit. In a free market economy, a merchant has a right to decide whether or not to patronize Safaricom. This is partly why Huduma card is controversial...the Mastercard connection. Don't worry, innovation will kill this resistance. Watch this space. No one denies M-Pesa is an innovation. I'm for free market. Let pricing/value be the determining factor. Forcing someone to use M-Pesa is no different from forcing Transporters to use the SGR. Incidentally, businesses accepting M-Pesa are increasingly moving to "Pay Bill", thus passing the Safaricom charges to the buyer. As part of the minority middle class, you can afford it. Can the majority lower income Kenyans afford it? What will they choose, if asked to pay by cash(no fees) or M-Pesa (with fees)? Disclaimer: I hold Safaricom shares, and would therefore benefit if we did away with cash and forced everyone to use M-Pesa.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Safaricom led consortium bidding for entry into Ethiopia last week got an approval for a loan of as much as $500million from the USA International Development Finance Corporation. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/15/2009 Posts: 362
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Ericsson wrote:Safaricom led consortium bidding for entry into Ethiopia last week got an approval for a loan of as much as $500million from the USA International Development Finance Corporation. how will this work with safaricoms love affair with huawei
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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shocks wrote:Ericsson wrote:Safaricom led consortium bidding for entry into Ethiopia last week got an approval for a loan of as much as $500million from the USA International Development Finance Corporation. how will this work with safaricoms love affair with huawei It's not cast on stone they can't go with another vendor that is in good books with USA. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Memba and Safaricom neck to neck pricewise. Interesting times.Corona, the blessing in disguise to Scom that brought us here........34s @SufficientlyP
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Sufficiently Philanga....thropic wrote:
Memba and Safaricom neck to neck pricewise. Interesting times.Corona, the blessing in disguise to Scom that brought us here........34s
By the close of the year it will be 35++ as investors rush towards safe haven counters Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The pioneer of a mobile-banking revolution in sub-Saharan Africa is in talks with financial-services providers about expanding its offerings over the next five years, as it seeks to emulate the success of Ant Group’s Alipay. Safaricom, which has announced plans to bid for one of two Ethiopian telecommunication licenses that are up for grabs, is reviewing tender documents that the neighboring state sent out to interested companies last week, Ndegwa said. Ethiopia’s government has refused to allow the immediate introduction of M-Pesa or similar platforms by the companies that bag the coveted permits. “There are things we want to get right,” he said. “One is the mobile-money license. At the moment it is not clear at what point it will be opened up, although the government has said within three years.” While Ndegwa doesn’t expect the company will make “a lot of money” during the first five years of its Ethiopian investment, the Horn of Africa market, which has Africa’s second-biggest population, would be a “significant growth driver” should Safaricom win a license, he said. https://www.bloomberg.co...nd-into-money-management"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: 8/29/2008 Posts: 573
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Monk wrote:Monk wrote:Angelica _ann wrote:Monk wrote:Monk wrote:xtina wrote:I boarded matatus and offered to pay by MPESA. All the condas refused, infact in one case I was politely asked to leave the mat if I don't have cash, which I did. In the other case, the conda shouted to the other passengers that they will not accept MPESA.
It seems hii mambo ya kulipa fare na MPESA will not be easy, matatu guys are simply stuck to their ways. M-Pesa, like Visa, is a payment service operated by a private company for profit. In a free market economy, a merchant has a right to decide whether or not to patronize Safaricom. This is partly why Huduma card is controversial...the Mastercard connection. Don't worry, innovation will kill this resistance. Watch this space. No one denies M-Pesa is an innovation. I'm for free market. Let pricing/value be the determining factor. Forcing someone to use M-Pesa is no different from forcing Transporters to use the SGR. Incidentally, businesses accepting M-Pesa are increasingly moving to "Pay Bill", thus passing the Safaricom charges to the buyer. As part of the minority middle class, you can afford it. Can the majority lower income Kenyans afford it? What will they choose, if asked to pay by cash(no fees) or M-Pesa (with fees)? That would be a bad idea, to force everyone to use Mpesa. It should be optional. Disclaimer: I hold Safaricom shares, and would therefore benefit if we did away with cash and forced everyone to use M-Pesa.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Sufficiently Philanga....thropic wrote:
Memba and Safaricom neck to neck pricewise. Interesting times.Corona, the blessing in disguise to Scom that brought us here........34s
Gap is 60 cents Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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