[kictanet] M-Pesa Debit Card

Fri Jul 22 23:04:12 EAT 2016

Hi Listers,

Maybe Safaricom do not have the skills for launch and manage a mobile app as they have been too busy photo copying ideas and outsourcing.

Here it is not cannibalising but going after the banks card business which today is less then 2.5% of the transactional value.

Again, my please to Safaricom management to review the project, and if they need help in thinking it through I am happy to facilitate, this is called the looking back effect.

Or is there another motive of providing ID, Drivers Licence, Health insurance and further capture all the transactions that the FI's are doing currently.

CBK, please review and check if this is the way forward for the least regulated money transaction service in Kenya.

Best Regards,
Baiju

> On 22 Jul 2016, at 17:23, Ali Hussein via kictanet <kictanet at lists.kictanet.or.ke> wrote:
> 
> Elizabeth raises very valid points. So does Baiju.
> 
> I'm curious:-
> 
> What stops Safaricom from developing an Mpesa App? What's the fear? 
> 
> I recall my strategy professor once telling me:-
> 
> Better you start cannibalizing yourself then someone else starts taking bite size chunks out of you while you are still alive!! 
> 
> Ali Hussein
> Principal
> Hussein & Associates
> +254 0713 601113 / 0770906375
> 
> Twitter: @AliHKassim
> Skype: abu-jomo
> LinkedIn: http://ke.linkedin.com/in/alihkassim
> 
> 
> "Discovery consists in seeing what everyone else has seen and thinking what no one else has thought".  ~ Albert Szent-Györgyi
> 
> Sent from my iPad
> 
>> On 22 Jul 2016, at 1:58 PM, Rosemary Koech-Kimwatu via kictanet <kictanet at lists.kictanet.or.ke> wrote:
>> 
>> Baju I agree,
>> 
>> I really don't think I want another card in my wallet. They are just too many, right from loyalty cards by various franchises to debit and credit cards. We need a disruptor that will negate the need for all these and that will be the future of innovation.
>> 
>> Kind regards, 
>> 
>> Rosemary Koech-Kimwatu
>> Skype:Rosemary Koech-Kimwatu
>> Tel: 0718181644
>> 
>>> On Fri, Jul 22, 2016 at 12:14 PM, Baiju Shah via kictanet <kictanet at lists.kictanet.or.ke> wrote:
>>> Great discussion.
>>> 
>>> Last mile is all about connectivity. Not too sure the ROI for a card by safaricom who already have a vibrant agent network, sticky or loyal customers. Today only there are 2-4% transactions on card.
>>> 
>>> The question is what are they trying to solve with this initiative as we also do not event have a wide spread of ATMs.
>>> 
>>> In my personal opinion this is a step back, I think they really need to rethink on this, but they should look at improving the experience on Mpesa. 
>>> 
>>> There are many applicable technologies, the last mile connect is the problem Safaricom has solved, but to build into the network of expensive PDQ machines does make sense if you have already replaced them with a $10 - $15 unit.
>>> 
>>> Wow.. What a step back Safaricom please rethink, reset otherwise carry on.
>>> 
>>> Thanks,
>>> 
>>> Best Regards,
>>> Baiju
>>> 
>>>> On 22 Jul 2016, at 11:30, Dorcas Muthoni via kictanet <kictanet at lists.kictanet.or.ke> wrote:
>>>> 
>>>> NFC relies on an entire ecosystem.  Phones, PDQS/POS terminals are part of it.
>>>> 
>>>> I said a long time ago that mobile payments would only be global via a standard based technology like NFC Vs a vendor driven service such as mpesa.
>>>> 
>>>> I am happy to see Safaricom is now ready to support the standard based approach to mobile payments too.
>>>> 
>>>>> On Jul 22, 2016 10:07 AM, "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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> 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.
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