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Wireless

Safaricom rivals call for mobile money clearinghouse

Thursday 3 March 2011 | 11:19 CET | News
Rivals of Kenya's biggest mobile operator Safaricom want the Central Bank of Kenya to establish a seamless money transfer platform, in order to limit M-Pesa's dominance on the market. In a proposal tabled before the Prime Minister and seen by the Business Daily, Safaricom's rivals argue that such a platform would remove the high cost barrier that is preventing consumers from moving money across networks. Though it is possible to send money across the networks, the transfer process remains complex and costs 10 times more than the price of sending money within a network. Currently, recipients

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Categories: Mobile & Wireless
Companies: Airtel Kenya / Orange Kenya / Safaricom
Countries: Kenya
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Comments

This is a load of crap! who shall bear the responsibility (cost) of processing via the clearing house? why should a funds transfer transaction be delayed due to unnecessary processing via a clearing house? why should Safaricom be forced to share the agent network which took lots of pain to create and manage? Would the above proposal also affect Western union and Money gram services as these too are funds transfer services that operate in the same space? and how would they be affected? Please... Let's get serious... even within the banking environment, a customer of one bank has to pay the charges levied if he or she decides to use another bank's atm to withdraw his/her cash. Can these Operators style up and become more innovative in terms of their service offerings if they want to crack Safaricom's perceived "dominance"
k k2 @ 4/3/2011 - 14:53

This is a load of crap! who shall bear the responsibility (cost) of processing via the clearing house? why should the funds transfer be delayed due to an unnecessary processing via a clearing house? why should Safaricom be forced to share the agent network which to lots of pain to create and manage? Would the above proposal also affect western union and money grams services as these too are funds transfer services that operate in the same space? and how? Please... Let's get serious... even within the banking environment, if a customer of one bank has to pay the charges levied if he or she decides to use another bank's atm to withdraw his/her cash. Can these Operators style up and become more innovative in terms of they service offerings if they was to crack Safaricom's perceived "dominance".
K K @ 4/3/2011 - 14:45


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