Re: [Skunkworks] MPESA currently undergoing maintenance!

*2013/3/1 Peter Osotsi <peter.osotsi@gmail.com> *

*I am reliably told there were some panic withdrawals and CBK is supposedly monitoring. Its just a gimmick to reduce withdrawals, probably. Anyway, thats their problem.*

I don't get it. M-PESA is not a banking concept centered on lending & borrowing (even when you factor in the M-Shwari product). It is simply a handy container where folks keep their cash. If everyone were to withdraw their cash, the net effect would be a sharp increase in Safaricom Revenues arising from the transaction charges. At no time would the withdrawals exceed the deposits.