I wonder if you can link a merchant MPESA account to the bank???<br><br><br><br><div class="gmail_quote">On Wed, May 19, 2010 at 5:53 PM, tech newbie <span dir="ltr">&lt;<a href="mailto:mungix@gmail.com">mungix@gmail.com</a>&gt;</span> wrote:<br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">Hi Aki,<br><br>the service is for individuals and primarily targets the unbanked population who find it easier to transact using mpesa so corporates are locked out by this...<br>
<br><div class="gmail_quote">On Wed, May 19, 2010 at 7:43 AM, Amarjit Labhuram <span dir="ltr">&lt;<a href="mailto:amarjit.labhuram@gmail.com" target="_blank">amarjit.labhuram@gmail.com</a>&gt;</span> wrote:<br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">I agree with AKI, can anyone shed more light on the details of the product. Interest rates, or banking charges and is this applicable for corporates that hold an account with equity?<br>

<br clear="all">Have a great day!<br>

<br>Warm regards,<br>Amarjit Singh Labhuram.<br>======================<br>MacroTECH Portal Ltd.<br>--------------------------------------------<br>P.O. Box: 1501 - 00621,<br>Nairobi, KENYA.<br>--------------------------------------------<br>



Zain:          +254-735-528725<br>Safaricom:  +254-721-528725<br>Fax:           +254-773-006734<div><div></div><div><br>
<br><br><div class="gmail_quote">On Wed, May 19, 2010 at 7:37 AM, aki <span dir="ltr">&lt;<a href="mailto:aki275@googlemail.com" target="_blank">aki275@googlemail.com</a>&gt;</span> wrote:<br><blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">



@Gentlemen, thank you for the links and info. Indeed it is a new<br>
development and since you may know more, lets actually go into<br>
specific details about this development.<br>
<br>
Firstly, a point of clarification is needed and corrections are<br>
welcome. Safcoms hold a bank account that allows mpesa transactions.<br>
There are billions of Kshs that get transacted on this account and<br>
each time people use it to hold financial amounts, has Safcom been<br>
earning huge interest from you and not been paying you any accumulated<br>
interest amounts?  Say eg : you held 35,000/- kshs in your mpesa<br>
account and did not transact it for 30 days and going by what banks<br>
can offer on short term interests, would your money have grown by 1% ?<br>
<br>
Secondly, what is the excat value of the the new product to kenyans?<br>
Equity has been offering low income banking services for a while, what<br>
changes now with the new development?<br>
<br>
Asante. :-)<br>
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