*round-up*
On the low end: I don’t want to sound like a skeptic, but I find nothing new with the M-kesho product by Equity bank and Safaricom. Too complex and not particularly new (Zap does it with Stanchart, M-pesa with KCB). It’s yet another typical hyped James Mwangi style of massive account opening scheme. What the M-kesho does is just get more accounts opened at Equity and probably a few more transactions for M-pesa. Other than that, it’s a low interest savings account, with zero opening balance and an enhanced ‘okoa jahazi’ loan facility. How much is the interest rate on the loans?
On the high end: Stanchart launched another high end segment product – Priority Banking, targeting net worth customers and include the Visa Infinite Debit Visa card. They say it has “No additional fee” type but then it won’t be high-end.
AccessKenya is in some serious trouble; boardroom wrangles, bad investments in Openview, media wars and CMA may be on their case. Some one once told me the reason he won’t list on the NSE is because Kenyans don’t value IT firms. With the circus at AK, I want to believe it’s them who don’t value us. And they did not have to publish a tweet-like announcement that they are postponing their May AGM to August.
Anonymity: @Bankelele lost his on joining the Ushahidi team (Congrats!)
On the low end: I don’t want to sound like a skeptic, but I find nothing new with the M-kesho product by Equity bank and Safaricom. Too complex and not particularly new (Zap does it with Stanchart, M-pesa with KCB). It’s yet another typical hyped James Mwangi style of massive account opening scheme. What the M-kesho does is just get more accounts opened at Equity and probably a few more transactions for M-pesa. Other than that, it’s a low interest savings account, with zero opening balance and an enhanced ‘okoa jahazi’ loan facility. How much is the interest rate on the loans?
On the high end: Stanchart launched another high end segment product – Priority Banking, targeting net worth customers and include the Visa Infinite Debit Visa card. They say it has “No additional fee” type but then it won’t be high-end.
AccessKenya is in some serious trouble; boardroom wrangles, bad investments in Openview, media wars and CMA may be on their case. Some one once told me the reason he won’t list on the NSE is because Kenyans don’t value IT firms. With the circus at AK, I want to believe it’s them who don’t value us. And they did not have to publish a tweet-like announcement that they are postponing their May AGM to August.
Anonymity: @Bankelele lost his on joining the Ushahidi team (Congrats!)
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2 comments
Get your facts right:M-KESHO is way superior to what KCB,Co-op and other banks offer.To begin their transfers are one way-MPESA to account only not account to MPESA.Plus with M-KESHO you can get small scale loans,purchase insurance,buy stocks.Now can those other products do that?No.Give credit where its due.
Thu May 20, 02:57:00 PM GMT+03:00@Dorothy: M-kesho is quite a package, but not all that. FYI Zap/Stanchart works both ways. Explain to me how to get that small loan and whats the interest rate?
Thu May 20, 03:31:00 PM GMT+03:00Post a Comment