I have gotten the text message that they are undergoing mantainance, so its not even delays. How annoying! On a whole FRiday and during the day. what happened to scheduling such to offline hours. On Fri, Mar 1, 2013 at 1:22 PM, Michael Bullut <main@kipsang.com> wrote:

That's not what Safaricom Customer are saying on their Twitter Page...

[image: Inline images 1]

On 1 March 2013 02:14, Peter Muchemi <pmuchemi@gmail.com> wrote:

...

On a friday? why not on sunday night.

-- Peter Muchemi Software Developer Electra Software Ltd http://www.software.co.ke +254 722 320986

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Either Mpesa is now on release 579 (judging from the number of maintenance/upgrades they do) or they have a serious downtime/maintenance planning issue On Fri, Mar 1, 2013 at 3:38 PM, Peter Osotsi <peter.osotsi@gmail.com> wrote:

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.

Peter

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What of the people trying to send cash? On 1 March 2013 04:55, Calvin Omari <calvinebarongo@gmail.com> wrote:

@peter you are right Sent from my Blackberry® powered by Safaricom®

-----Original Message----- From: Tech List Kenya <techlistkenya@gmail.com> Sender: skunkworks-bounces@lists.my.co.ke Date: Fri, 1 Mar 2013 15:45:56 To: Skunkworks Mailing List<skunkworks@lists.my.co.ke> Reply-To: Skunkworks Mailing List <skunkworks@lists.my.co.ke> Subject: Re: [Skunkworks] MPESA currently undergoing maintenance!

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*2013/3/1 Dennis Kioko <dmbuvi@gmail.com> *

*If everyone withdrew the money, amount of deposits held by CBA would fall sharply. Would we even have enough float to cover all withdrawals? *

How does CBA come into the picture on M-PESA? On M-Shwari, yes, I can reluctantly understand

@Tony.. Of course the "Central bank Panic" allegation is very far from the truth.. On Fri, Mar 1, 2013 at 5:34 PM, Brian L <lusiola@gmail.com> wrote:

@Tony, It is a belief that your MPESA account is a virtual account at CBA. M-Shwari is now more of a face to something that has always been at the back. If you think about it this way, when you have deposited funds on you're MPESA does it fall under a blanket account somewhere?

worth = 2 cents

Have a good evening.

On Fri, Mar 1, 2013 at 5:15 PM, Tony Likhanga <tlikhanga@gmail.com> wrote:

...

*2013/3/1 Dennis Kioko <dmbuvi@gmail.com> *

...

*If everyone withdrew the money, amount of deposits held by CBA would fall sharply. Would we even have enough float to cover all withdrawals? *

How does CBA come into the picture on M-PESA? On M-Shwari, yes, I can reluctantly understand

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-- *......................................................... No pressure.....No diamonds!!!*

*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.