2009/11/9 Phares Kariuki <pkariuki@gmail.com>

Problem with the merchants. Most people don't accept VISA etc because of the delay in getting cash. There is a 24 (not sure) or so hour delay from processing to payment. For many businesses, this is a problem. Additionally, it's a delay and customers with it are few and far between.

Am not entirely convinced with that as a valid reason. First of all looking at co-op, national and kcb banks alone, every ATM card is a Visa [electron] card which already caters for a large number of banking Kenyans. If time be the issue, am sure many people can contend with a 24hr delay before they receive the goods they ordered. I dont think this is a problem for most businesses - so long as they get their pay am sure 24hrs is not really an issue.