While banks will not be obsolete per se seeing that they provide many
more services apart from money tranfer, their money transfer servicies
will face stiff competition with Mobile Phone Companies rolling out
this services.<br>
Worse still with the advancements of these services to include other
functionalities e.g payment for goods, services(KPLC has led the way). <br>
As soon as this becomes common-place then this Mobile Phone Companies
will give the banks a run for their money. There is no guessing who
will benefit the most from this,  <span style="font-style: italic; text-decoration: underline; font-weight: bold;">you and me</span><br><span style="text-decoration: underline;"><span style="font-weight: bold;"><span style="font-style: italic;"></span></span></span>My Thoughts... <br>

<br><div><span class="gmail_quote">On 7/2/09, <b class="gmail_sendername">Watson Kambo</b> &lt;<a href="mailto:wkwats@gmail.com">wkwats@gmail.com</a>&gt; wrote:</span><blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">
Hi guys,<br><br>I think soon banks will be obsolete with this trend in
Kenya of Phone companies getting into this business ... or is it just
extra cash??<br><br><a href="http://www.businessdailyafrica.com/Company%20Industry/-/539550/617396/-/u9k8ruz/-/index.html" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">http://www.businessdailyafrica.com/Company%20Industry/-/539550/617396/-/u9k8ruz/-/index.html</a><br clear="all">
<span class="sg">
<br>-- <br>Watson wanjohi kambo<br>
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<br></blockquote></div><br><br clear="all"><br>-- <br>With Regards,<br>James W,<br>Nairobi, .ke<br>|tel: +254 728 024 897 | gtalk: jwaciira | yahoo: jamoke | twitter: jwaciira |<br>-----------------------------<br>The Geek shall inherit the earth. - Linus 5:5