[kictanet] M-Pesa Debit Card

Fri Jul 22 11:29:58 EAT 2016

Hi All

Just to bring some blockchain background into this chat:

Blockchain would not replace the last-mile POS terminals or NFC or
credit-card (yet), but rather help run the infrastructure behind it.

Visa <http://www.coindesk.com/visa-europe-blockchain-no-longer-a-choice/> (also
see here
<https://www.cryptocoinsnews.com/visa-chooses-india-blockchain-development/>)
and Mastercard
<http://uk.businessinsider.com/mastercards-garry-lyons-davos-fintech-mastercardlabs-blockchain-bitcoin-2016-1>
are some of the largest investors in the technology.  So, a card is fine --
but what is the database behind it?  Will the card's database be
centralized in a single country and only work with domestic terminals --
like the Verve Card by Interswitch in Nigeria?  Verve works AWESOME in
Nigeria....but nowhere else.  The Verve network also does not accept
non-Nigerian cards...for any of you who have tried unsuccessfully to swipe
your Kenyan Bank's Visa card at the 5+ POS terminals at any Lagos
restaurant that advertises "Visa accepted here."

There are some really cool Bitcoin cards <https://www.shiftpayments.com/>that
use Visa/Mastercard networks for last-mile acceptance...but you can top-up
these cards very cheaply using any currency in the world.

So - great that Safaricom wants to improve the last-mile experience...but
will they own the FX/Fees/Banking options to top-up balance?  If these
cards work outside of Kenya -- what kind of fees/FX will they have? Who
will manage that global treasury and switching between networks?

xElizabeth

On Fri, Jul 22, 2016 at 11:17 AM, John Gitau via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> Well there is no harm for safaricom to do all of them now is there?
>
> Card ,cardless ,blockchain etc. Today the market has specific demands some
> created by safaricom so the way i see it the more choice i have the better.
>
> JG
>
> On 22 Jul 2016 10:07, "Mwendwa Kivuva via kictanet" <
> kictanet at lists.kictanet.or.ke> wrote:
>
>> On Jul 22, 2016 6:51 AM, "Ali Hussein via kictanet" <
>> kictanet at lists.kictanet.or.ke> wrote:
>> >
>> > Grace
>> >
>> > Good point. Definitely food for thought. I'm sure Mpesa has a reason to
>> go back to cards when the very nature of mobile money is card less.
>>
>> Ali,  how I understood it is that if your phone is NFC enabled, you would
>> not need the card. You would just swipe the phone. Again, the card is
>> helpful when you are outside network coverage area, like when you travel
>> abroad.
>>
>> >
>> > This will definitely be something to watch keenly.
>> >
>> > Ali Hussein
>> >
>> >
>> > On Jul 22, 2016 6:46 AM, "Grace Mutung'u (Bomu) via kictanet" <
>> kictanet at lists.kictanet.or.ke> wrote:
>> >>
>> >> I wonder if the card will be as fees free to the customer as visa.
>> Therein, would be an advantage. For now there are times when paying through
>> M-pesa is charged and it is quite inconvenient to send an SMS to find out
>> the charges.
>> >> But the bigger question would be whether this the real future or the
>> full potential of mobile money vis a vis Blockchains...
>> >> Regards,
>> >>
>> >> On 21 Jul 2016 9:28 p.m., "Mwendwa Kivuva via kictanet" <
>> kictanet at lists.kictanet.or.ke> wrote:
>> >>>
>> >>> @Barrack,
>> >>>
>> >>> Imagine just running your NFC phone, or Card at the Point of Sale and
>> your purchase is done. Instead of the current method where you have to go
>> to an MPESA menu, chose paybill/till, enter paybill number, enter the
>> amount, enter pin, confirm, wait for SMS ....
>> >>>
>> >>> I expect also you can use the card while abroad ...
>> >>>
>> >>> Choice is good.
>> >>>
>> >>>
>> >>>
>> >>> ______________________
>> >>> Mwendwa Kivuva, Nairobi, Kenya
>> >>> twitter.com/lordmwesh
>> >>>
>> >>>
>> >>>
>> >>> On 21 July 2016 at 19:44, Barrack Otieno via kictanet <
>> kictanet at lists.kictanet.or.ke> wrote:
>> >>>>
>> >>>> @ Wash,
>> >>>>
>> >>>>
>> >>>> I wonder if it will add any value.
>> >>>>
>> >>>> Regards
>> >>>>
>> >>>> On 7/20/16, Odhiambo Washington via kictanet
>> >>>> <kictanet at lists.kictanet.or.ke> wrote:
>> >>>> >
>> http://qz.com/734842/mobile-money-giant-m-pesa-is-getting-its-own-debit-card-to-compete-with-banks/
>> >>>> >
>> >>>> >
>> >>>> > --
>> >>>> > Best regards,
>> >>>> > Odhiambo WASHINGTON,
>> >>>> > Nairobi,KE
>> >>>> > +254 7 3200 0004/+254 7 2274 3223
>> >>>> > "Oh, the cruft."
>> >>>> >
>> >>>>
>> >>>>
>> >>>> --
>> >>>> Barrack O. Otieno
>> >>>> +254721325277
>> >>>> +254733206359
>> >>>> Skype: barrack.otieno
>> >>>> PGP ID: 0x2611D86A
>> >>>>
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>> for people and institutions interested and involved in ICT policy and
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>> sector in support of the national aim of ICT enabled growth and development.
>> >
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>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
>> for people and institutions interested and involved in ICT policy and
>> regulation. The network aims to act as a catalyst for reform in the ICT
>> sector in support of the national aim of ICT enabled growth and development.
>>
>> KICTANetiquette : Adhere to the same standards of acceptable behaviors
>> online that you follow in real life: respect people's times and bandwidth,
>> share knowledge, don't flame or abuse or personalize, respect privacy, do
>> not spam, do not market your wares or qualifications.
>>
>
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>
> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
>

-- 
Elizabeth Rossiello
CEO and Co-Founder
*BitPESA*
Nigeria: +234 909 345 4135
Kenya: +254 710 891 851
Skype: erossiello
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