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Great! Long Overdue!
AAh safaricom ATM machine eh?
Just what we were waiting for.
To get this straight, The card will debit Mpesa account? Because i don’t see any other way it could beat the convenience of mobile payment or even supplement. I threw a way my ATM debit long time ago. Pple no-longer tag batch of cards with them
But are the same charges as those of normal Mpesa going to be there?
They won’t kill their golden goose which is obscene withdrawal charges. Loading your bank atm with mpesa for future atm withdrawals or online spending can’t be cheaper than that new service. In short dead product.
It’s not a dead product. This will come in handy for people who do online shopping via sites like Ebay and Amazon where dealers cant be paid via Mpesa.
It’s safe and very convenient. Ni kutuma pesa kwa hio card from your phone then you pay a dealer thousand of miles away. Ungoje your item ifike.
Banks will feel the heat
I think it’s a good deal. Especially of the same MPESA wallet will be shared with the debit card. At least for starters, it will reduce the supermarket queue. I how long LIPA NA MPESA takes and how slow supermarket systems take to read the payments. Then you can also pay from your MPESA wallet on lots of online transactions without exposing your bank account to fraud.
How is this different from my KCB or equity visa card that I preload instantly via mpesa? I don’t see anything revolutionary here
Safaricom is coming after banks with this new development. I suspect they’ll market the card as a payment mode when doing shopping, both online and offline. This also means that till numbers will be the preserve of the mashinani trader whereas big retailers and upmarket establishments will automatically switch to accepting cards instead. The biggest plus is that Safaricom will not need to invest heavily since the existing PDQ’s will suffice.
Cost. Tell me, is it free to load to these cards using MPESA? Definitely not. Safaricom will simply apply zero charges when loading funds to their card
In about 20 to 30 years, Mpesa will make banks obsolete. The nail in the coffin will be the day salaries can be paid directly through Mpesa then pap.
I don’t think so, banks will still be operating. Banks have been around for almost ten centuries
Did you know it’s cheaper to make cross network call using Airtel and even ridiculously cheaper using Telkom. Do you know sending money from Airtel to saf is free? But, yes guessed it right. Convenience brother-man. It beats cost. So hio innovation yao imepitwa nawakati.
If I’d bet on anything, it’s for mpesa to have been confined to the dustbins of history in 20 30 years time.
Think of how the world has changed since 2000 and tell me why you think mpesa will be around in 20140…
Kwanza mpesa is due for disruption. Its clunky, poorly supported and very expensive.
Transaction fee huwa tamu sana. Wameonja ya mpesa wakakua addicted. Lazima watafte njia mpya ya kula transaction fee
What I am understanding is this card is the bridge between Mpesa and making online payments on Amazon, Netflix, or any online transactions that require Visa cards. That is great!
You can do that with your Equity debit card
We still have google and microsoft. Changes are subtle.
Mpesa is still a bank of some sort. And true, price competition might kill it. But I dont see that happening. They still have a capacity to engage in price competition as we have witnessed in data wars.
I dont know why people see technology changing fast.
We still have daimler, ford, Ibm, siemens etc selling the same product more or less.