My Google Search has no Adword or Adsense Advertisements
Hi all, Am I the only one to notice this ? But for the first two days, my Google searches have been producing pure organic results - No flashy images on the side or top to accompany the results of search.. no sponsored sites - nothing !!! I checked with the computer of some colleagues and its the same.. What is going on ? I thought this was their core business ...
@ Kioko Thanks. I was beginning to wonder. Personally, I dont like it... How are the SEO engineers and advert websites reacting to this - because I dont see the right hand column adverts... And there is no guarantee I will click on the left hand side if I find what I want in the organic search results - which means the sites must have a really high ranking for particular from now on <to compete with the rest of the world> - if no accommodation is made available for blantant adverts on the same page as search results. == Lets wait and see if this works - because as I can see, commercial websites are now hidden in hierarchy on the left; how many will be patient to follow the tree ?? i.e if they get what the categories are for in the first place. On the upside, it will reduce spamming <for a while>...
Another innovation from Safaricom and Equity http://kenyauptodate.blogspot.com/2010/05/m-kesho.html http://www.businessdailyafrica.com/Company%20Industry/Safaricom%20roils% 20the%20market%20with%20phone%20based%20savings% 20account/-/539550/921044/-/4fj674z/-/index.html no ledger fees, no min bal, no penalties on withdrawal, no charge 4 deposits, earns 3% interest annually! Okoa Jahazi to your bank account... Woiyee will other banks survive? -- Regards, Joe Linux User: #361092 SIP: joe.njeru@ekiga.net Twitter: http://twitter.com/joenjeru
At this rate Banks have to up their game, Joe you on point!!! On Tue, May 18, 2010 at 9:43 PM, Joe Murithi Njeru <joe.njeru@gmail.com>wrote:
Another innovation from Safaricom and Equity
http://kenyauptodate.blogspot.com/2010/05/m-kesho.html
http://www.businessdailyafrica.com/Company%20Industry/Safaricom%20roils% 20the%20market%20with%20phone%20based%20savings%<http://www.businessdailyafrica.com/Company%20Industry/Safaricom%20roils%%0A20the%20market%20with%20phone%20based%20savings%> 20account/-/539550/921044/-/4fj674z/-/index.html
no ledger fees, no min bal, no penalties on withdrawal, no charge 4 deposits, earns 3% interest annually!
Okoa Jahazi to your bank account...
Woiyee will other banks survive?
-- Regards,
Joe Linux User: #361092 SIP: joe.njeru@ekiga.net Twitter: http://twitter.com/joenjeru
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- Regards, Robert.
My take here: http://blog.majibu.com/m-kesho-the-new-baby-born-of-m-pesa-and-equity-bank/ David. On Tue, May 18, 2010 at 10:06 PM, Robert Kuria <robbydeno@googlemail.com>wrote:
At this rate Banks have to up their game, Joe you on point!!!
On Tue, May 18, 2010 at 9:43 PM, Joe Murithi Njeru <joe.njeru@gmail.com>wrote:
Another innovation from Safaricom and Equity
http://kenyauptodate.blogspot.com/2010/05/m-kesho.html
http://www.businessdailyafrica.com/Company%20Industry/Safaricom%20roils% 20the%20market%20with%20phone%20based%20savings%<http://www.businessdailyafrica.com/Company%20Industry/Safaricom%20roils%%0A20the%20market%20with%20phone%20based%20savings%> 20account/-/539550/921044/-/4fj674z/-/index.html
no ledger fees, no min bal, no penalties on withdrawal, no charge 4 deposits, earns 3% interest annually!
Okoa Jahazi to your bank account...
Woiyee will other banks survive?
-- Regards,
Joe Linux User: #361092 SIP: joe.njeru@ekiga.net Twitter: http://twitter.com/joenjeru
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- Regards, Robert.
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- ------------- http://blog.majibu.com
This is exactly the reason why Orange,Zain and whats the other one:) will always be stuck in the minor players bracket,always running to CCK to complain. Kudos SafEquity. On 5/18/10, David Mugo <raidarmax@gmail.com> wrote:
My take here:
http://blog.majibu.com/m-kesho-the-new-baby-born-of-m-pesa-and-equity-bank/
David.
On Tue, May 18, 2010 at 10:06 PM, Robert Kuria <robbydeno@googlemail.com>wrote:
At this rate Banks have to up their game, Joe you on point!!!
On Tue, May 18, 2010 at 9:43 PM, Joe Murithi Njeru <joe.njeru@gmail.com>wrote:
Another innovation from Safaricom and Equity
http://kenyauptodate.blogspot.com/2010/05/m-kesho.html
http://www.businessdailyafrica.com/Company%20Industry/Safaricom%20roils% 20the%20market%20with%20phone%20based%20savings%<http://www.businessdailyafrica.com/Company%20Industry/Safaricom%20roils%%0A20the%20market%20with%20phone%20based%20savings%> 20account/-/539550/921044/-/4fj674z/-/index.html
no ledger fees, no min bal, no penalties on withdrawal, no charge 4 deposits, earns 3% interest annually!
Okoa Jahazi to your bank account...
Woiyee will other banks survive?
-- Regards,
Joe Linux User: #361092 SIP: joe.njeru@ekiga.net Twitter: http://twitter.com/joenjeru
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- Regards, Robert.
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- ------------- http://blog.majibu.com
@Gentlemen, thank you for the links and info. Indeed it is a new development and since you may know more, lets actually go into specific details about this development. Firstly, a point of clarification is needed and corrections are welcome. Safcoms hold a bank account that allows mpesa transactions. There are billions of Kshs that get transacted on this account and each time people use it to hold financial amounts, has Safcom been earning huge interest from you and not been paying you any accumulated interest amounts? Say eg : you held 35,000/- kshs in your mpesa account and did not transact it for 30 days and going by what banks can offer on short term interests, would your money have grown by 1% ? Secondly, what is the excat value of the the new product to kenyans? Equity has been offering low income banking services for a while, what changes now with the new development? Asante. :-)
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? Have a great day! Warm regards, Amarjit Singh Labhuram. ====================== MacroTECH Portal Ltd. -------------------------------------------- P.O. Box: 1501 - 00621, Nairobi, KENYA. -------------------------------------------- Zain: +254-735-528725 Safaricom: +254-721-528725 Fax: +254-773-006734 On Wed, May 19, 2010 at 7:37 AM, aki <aki275@googlemail.com> wrote:
@Gentlemen, thank you for the links and info. Indeed it is a new development and since you may know more, lets actually go into specific details about this development.
Firstly, a point of clarification is needed and corrections are welcome. Safcoms hold a bank account that allows mpesa transactions. There are billions of Kshs that get transacted on this account and each time people use it to hold financial amounts, has Safcom been earning huge interest from you and not been paying you any accumulated interest amounts? Say eg : you held 35,000/- kshs in your mpesa account and did not transact it for 30 days and going by what banks can offer on short term interests, would your money have grown by 1% ?
Secondly, what is the excat value of the the new product to kenyans? Equity has been offering low income banking services for a while, what changes now with the new development?
Asante. :-) _______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
Gentlemen, the reason I asked the second point is that Business Daily article is quite difficult to understand with no specifics of the new development, just flashy words like innovation etc. Its a lot similar to Item Number 7 on the oatmeal list : http://theoatmeal.com/comics/websites_stop It would be nice to understand the specific of the service and benefit to kenyans. Afterall, Equity was the first bank to really open up the banking sector to all which was an excellent development for many kenyans. Thanks to @Christopher and the monday Oatmeal links. Me thots, Rgds.
@aki, in most cases, such accounts are refered to as suspense accounts and most do not earn any interest. [image: Google Talk:] kihahu [image: Google Wave:] kihahu [image: Y! messenger:] johnkihahu Contact Me [image: Blogger] <www.kihahu.blogspot.com>[image: Twitter]<http://www.twitter.com/kihahu>[image: Wordpress] <kihahu.wordpress.com> On Wed, May 19, 2010 at 7:43 AM, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:
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?
Have a great day!
Warm regards, Amarjit Singh Labhuram. ====================== MacroTECH Portal Ltd. -------------------------------------------- P.O. Box: 1501 - 00621, Nairobi, KENYA. -------------------------------------------- Zain: +254-735-528725 Safaricom: +254-721-528725 Fax: +254-773-006734
On Wed, May 19, 2010 at 7:37 AM, aki <aki275@googlemail.com> wrote:
@Gentlemen, thank you for the links and info. Indeed it is a new development and since you may know more, lets actually go into specific details about this development.
Firstly, a point of clarification is needed and corrections are welcome. Safcoms hold a bank account that allows mpesa transactions. There are billions of Kshs that get transacted on this account and each time people use it to hold financial amounts, has Safcom been earning huge interest from you and not been paying you any accumulated interest amounts? Say eg : you held 35,000/- kshs in your mpesa account and did not transact it for 30 days and going by what banks can offer on short term interests, would your money have grown by 1% ?
Secondly, what is the excat value of the the new product to kenyans? Equity has been offering low income banking services for a while, what changes now with the new development?
Asante. :-) _______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
@Mash, asante. Can I use a suspense account to borrow against say eg If the input is say eg Ksh 100million/month while the outgoing is Ksh 70 million/month, since I have access to the account and can see what is held in retention, can I use the Ksh 30million on a borrowing/revolving basis? On Wed, May 19, 2010 at 9:09 AM, Mash <kihahu@gmail.com> wrote:
@aki, in most cases, such accounts are refered to as suspense accounts and most do not earn any interest.
[image: Google Talk:] kihahu [image: Google Wave:] kihahu [image: Y! messenger:] johnkihahu Contact Me [image: Blogger] <http://www.kihahu.blogspot.com/>[image: Twitter] <http://www.twitter.com/kihahu>[image: Wordpress]<http://kihahu.wordpress.com/>
Partly yes but also partly NO. Suspense accounts often contain negative values (in this case virtual funds). CBK dissuades this behavior coz you will be transacting/using funds that do not belong to you. Depending on institutional agreements, its possible though highly unlikely!!!! Hope you get my point. [image: Google Talk:] kihahu [image: Google Wave:] kihahu [image: Y! messenger:] johnkihahu Contact Me [image: Blogger] <www.kihahu.blogspot.com>[image: Twitter]<http://www.twitter.com/kihahu>[image: Wordpress] <kihahu.wordpress.com> On Wed, May 19, 2010 at 9:28 AM, aki <aki275@googlemail.com> wrote:
@Mash, asante. Can I use a suspense account to borrow against say eg If the input is say eg Ksh 100million/month while the outgoing is Ksh 70 million/month, since I have access to the account and can see what is held in retention, can I use the Ksh 30million on a borrowing/revolving basis?
On Wed, May 19, 2010 at 9:09 AM, Mash <kihahu@gmail.com> wrote:
@aki, in most cases, such accounts are refered to as suspense accounts and most do not earn any interest.
[image: Google Talk:] kihahu [image: Google Wave:] kihahu [image: Y! messenger:] johnkihahu Contact Me [image: Blogger] <http://www.kihahu.blogspot.com/>[image: Twitter] <http://www.twitter.com/kihahu>[image: Wordpress]<http://kihahu.wordpress.com/>
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
Hi Aki, The account is not a suspense account but a trust account i.e. the money is held in trust and the trust entity should be independent from Safcom. Any money held in trust does not earn interest and cannot be used up by the bank to invest not even short term lending. That's the only safeguard you have that your MPESA money is intact. On Wed, May 19, 2010 at 9:28 AM, aki <aki275@googlemail.com> wrote:
@Mash, asante. Can I use a suspense account to borrow against say eg If the input is say eg Ksh 100million/month while the outgoing is Ksh 70 million/month, since I have access to the account and can see what is held in retention, can I use the Ksh 30million on a borrowing/revolving basis?
On Wed, May 19, 2010 at 9:09 AM, Mash <kihahu@gmail.com> wrote:
@aki, in most cases, such accounts are refered to as suspense accounts and most do not earn any interest.
[image: Google Talk:] kihahu [image: Google Wave:] kihahu [image: Y! messenger:] johnkihahu Contact Me [image: Blogger] <http://www.kihahu.blogspot.com/>[image: Twitter] <http://www.twitter.com/kihahu>[image: Wordpress]<http://kihahu.wordpress.com/>
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
Someone just brought me a M-KESHO brochure so am listing its contents, incase you wanted to know more ( sry, do not have access to a scanner at the moment ): How do I open an M-KESHO account: - U must be a registered mpesa subscriber - Go to any Equity Branch outlets or selected Mpesa agents - Fill an account opening form - Applications will be vetted by Equity bank. Will take 48hrs from the time you filled the app form to opening your m-kesho account - If your application is successful, and the ID number used to open your m-kesho account is similar to the one used to open your mpesa account, you will receive an SMS to update your mpesa menu - Update your mpesa menu and you will receive your m-kesho menu alongside the normal mpesa menu. " You can also query mini statements and balance query from your mpesa account" is a line I find quite interesting and helps kenyans query any un-authorized transactions, in my view. For me personally, just one question remains unanswered = Can the systems be trusted enough to ensure there is faith in them? As I wrote earlier, this is something that only a systems certification authority can answer but we dont have one. It is time that CCK should consider a "bonded systems" approach to telco billing systems where they are required to comply with the laws on data security, integrity, backup and implementations. These billing systems are "sealed" just like your water/electricity meters. That seal would create a lot of confidence in the market because you have to trust someone did their job well and not wake up in the morning and find your hard earned savings wiped out by a system error. Ofcurse you will get the money back but what about if it happens to millions of accounts? Unfortunately this can happen and is a reality of innovation. How prepared are we on such matters? Rgds.
Hi Aki, 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... On Wed, May 19, 2010 at 7:43 AM, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:
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?
Have a great day!
Warm regards, Amarjit Singh Labhuram. ====================== MacroTECH Portal Ltd. -------------------------------------------- P.O. Box: 1501 - 00621, Nairobi, KENYA. -------------------------------------------- Zain: +254-735-528725 Safaricom: +254-721-528725 Fax: +254-773-006734
On Wed, May 19, 2010 at 7:37 AM, aki <aki275@googlemail.com> wrote:
@Gentlemen, thank you for the links and info. Indeed it is a new development and since you may know more, lets actually go into specific details about this development.
Firstly, a point of clarification is needed and corrections are welcome. Safcoms hold a bank account that allows mpesa transactions. There are billions of Kshs that get transacted on this account and each time people use it to hold financial amounts, has Safcom been earning huge interest from you and not been paying you any accumulated interest amounts? Say eg : you held 35,000/- kshs in your mpesa account and did not transact it for 30 days and going by what banks can offer on short term interests, would your money have grown by 1% ?
Secondly, what is the excat value of the the new product to kenyans? Equity has been offering low income banking services for a while, what changes now with the new development?
Asante. :-) _______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
I wonder if you can link a merchant MPESA account to the bank??? On Wed, May 19, 2010 at 5:53 PM, tech newbie <mungix@gmail.com> wrote:
Hi Aki,
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...
On Wed, May 19, 2010 at 7:43 AM, Amarjit Labhuram < amarjit.labhuram@gmail.com> wrote:
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?
Have a great day!
Warm regards, Amarjit Singh Labhuram. ====================== MacroTECH Portal Ltd. -------------------------------------------- P.O. Box: 1501 - 00621, Nairobi, KENYA. -------------------------------------------- Zain: +254-735-528725 Safaricom: +254-721-528725 Fax: +254-773-006734
On Wed, May 19, 2010 at 7:37 AM, aki <aki275@googlemail.com> wrote:
@Gentlemen, thank you for the links and info. Indeed it is a new development and since you may know more, lets actually go into specific details about this development.
Firstly, a point of clarification is needed and corrections are welcome. Safcoms hold a bank account that allows mpesa transactions. There are billions of Kshs that get transacted on this account and each time people use it to hold financial amounts, has Safcom been earning huge interest from you and not been paying you any accumulated interest amounts? Say eg : you held 35,000/- kshs in your mpesa account and did not transact it for 30 days and going by what banks can offer on short term interests, would your money have grown by 1% ?
Secondly, what is the excat value of the the new product to kenyans? Equity has been offering low income banking services for a while, what changes now with the new development?
Asante. :-) _______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
Hello Aki, Benefits to Kenyans 1. M-Kesho is a savings account with Equity so now you earn interest on your savings. 2. M-Kesho will be able to offer loans from Kshs.100 - Kshs.5000 3. M-Kesho will allow deposits via MPESA directly 4. M-Kesho will allow Kenyans to buy insurance electronically -----Original Message----- From: aki <aki275@googlemail.com> Reply-to: Skunkworks Mailing List <skunkworks@lists.my.co.ke> To: Skunkworks Mailing List <skunkworks@lists.my.co.ke> Subject: Re: [Skunkworks] M-KESHO Date: Wed, 19 May 2010 07:37:47 +0300 @Gentlemen, thank you for the links and info. Indeed it is a new development and since you may know more, lets actually go into specific details about this development. Firstly, a point of clarification is needed and corrections are welcome. Safcoms hold a bank account that allows mpesa transactions. There are billions of Kshs that get transacted on this account and each time people use it to hold financial amounts, has Safcom been earning huge interest from you and not been paying you any accumulated interest amounts? Say eg : you held 35,000/- kshs in your mpesa account and did not transact it for 30 days and going by what banks can offer on short term interests, would your money have grown by 1% ? Secondly, what is the excat value of the the new product to kenyans? Equity has been offering low income banking services for a while, what changes now with the new development? Asante. :-) _______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke -- Regards, Joe Linux User: #361092 SIP: joe.njeru@ekiga.net Twitter: http://twitter.com/joenjeru
Hello @Joe, am replying in-line below, some thots. Cheers. :-) On Wed, May 19, 2010 at 9:19 AM, Joe Murithi Njeru <joe.njeru@gmail.com> wrote:
Hello Aki,
Benefits to Kenyans 1. M-Kesho is a savings account with Equity so now you earn interest on your savings.
How does one one open the account? By simply sending a text message or going physically going to the bank and opening the M-Kesho account? Therefore I'd need to have a Safaricom Mpesa number as a account opening requirement?
2. M-Kesho will be able to offer loans from Kshs.100 - Kshs.5000
I thought Equity was already offering this and thus one reason why Equity was a successful benchmark to other banks.
3. M-Kesho will allow deposits via MPESA directly
This is a new development and an excellent one. What secure measure have been put in place to ensure that the amounts deposited reflect the mpesa transfer and prevent fraud or amoutns that go electronically missing? It happened to my Mybtes, it can happen to your money too.
4. M-Kesho will allow Kenyans to buy insurance electronically
This is pretty standard with any bank these days. However, since the target is low income and those who lacked the banking facilties what insurance rates is Equity offering on low income earners and those who do not have access to such facilties. If I held Ksh 24,000/- PA, what cover does this amount offer?
Hello Aki, My responses in light brown -----Original Message----- From: aki <aki275@googlemail.com> To: joe.njeru@gmail.com, Skunkworks Mailing List <skunkworks@lists.my.co.ke> Subject: Re: [Skunkworks] M-KESHO Date: Wed, 19 May 2010 09:41:26 +0300 Hello @Joe, am replying in-line below, some thots. Cheers. :-) On Wed, May 19, 2010 at 9:19 AM, Joe Murithi Njeru <joe.njeru@gmail.com> wrote:
Hello Aki,
Benefits to Kenyans 1. M-Kesho is a savings account with Equity so now you earn interest on your savings.
How does one one open the account? By simply sending a text message or going physically going to the bank and opening the M-Kesho account? Therefore I'd need to have a Safaricom Mpesa number as a account opening requirement? I'm not sure on the details will have to wait till someone does this and informs us.
2. M-Kesho will be able to offer loans from Kshs.100 - Kshs.5000
I thought Equity was already offering this and thus one reason why Equity was a successful benchmark to other banks. But now you can do it through your phone into your M-Kesho account.
3. M-Kesho will allow deposits via MPESA directly
This is a new development and an excellent one. What secure measure have been put in place to ensure that the amounts deposited reflect the mpesa transfer and prevent fraud or amoutns that go electronically missing? It happened to my Mybtes, it can happen to your money too. Thats a risk you carry with every electronic system not just M-Kesho, even big banks lose your money or debit your account twice.
4. M-Kesho will allow Kenyans to buy insurance electronically
This is pretty standard with any bank these days. However, since the target is low income and those who lacked the banking facilties what insurance rates is Equity offering on low income earners and those who do not have access to such facilties. If I held Ksh 24,000/- PA, what cover does this amount offer? I don't know the rates they are offering. What is phenominal about the whole product is the ability to scale. Equity has 4.5m bank accounts and MPESA 10m accounts. The unbanked and uninsured will now have access to these services through their phones. Can you imagine the mobilisation of savings? -- Regards, Joe Linux User: #361092 SIP: joe.njeru@ekiga.net Twitter: http://twitter.com/joenjeru
has anyone tried to register for it?....i want to register and i dont know how to go about it. On Wed, May 19, 2010 at 9:58 AM, Joe Murithi Njeru <joe.njeru@gmail.com>wrote:
Hello Aki,
My responses in light brown
-----Original Message----- *From*: aki <aki275@googlemail.com <aki%20%3caki275@googlemail.com%3e>> *To*: joe.njeru@gmail.com, Skunkworks Mailing List < skunkworks@lists.my.co.ke<Skunkworks%20Mailing%20List%20%3cskunkworks@lists.my.co.ke%3e>
*Subject*: Re: [Skunkworks] M-KESHO *Date*: Wed, 19 May 2010 09:41:26 +0300
Hello @Joe, am replying in-line below, some thots. Cheers. :-)
On Wed, May 19, 2010 at 9:19 AM, Joe Murithi Njeru <joe.njeru@gmail.com> wrote:
Hello Aki,
Benefits to Kenyans 1. M-Kesho is a savings account with Equity so now you earn interest on your savings.
How does one one open the account? By simply sending a text message or going physically going to the bank and opening the M-Kesho account? Therefore I'd need to have a Safaricom Mpesa number as a account opening requirement?
I'm not sure on the details will have to wait till someone does this and informs us.
2. M-Kesho will be able to offer loans from Kshs.100 - Kshs.5000
I thought Equity was already offering this and thus one reason why Equity was a successful benchmark to other banks.
But now you can do it through your phone into your M-Kesho account.
3. M-Kesho will allow deposits via MPESA directly
This is a new development and an excellent one. What secure measure have been put in place to ensure that the amounts deposited reflect the mpesa transfer and prevent fraud or amoutns that go electronically missing? It happened to my Mybtes, it can happen to your money too.
Thats a risk you carry with every electronic system not just M-Kesho, even big banks lose your money or debit your account twice.
4. M-Kesho will allow Kenyans to buy insurance electronically
This is pretty standard with any bank these days. However, since the target is low income and those who lacked the banking facilties what insurance rates is Equity offering on low income earners and those who do not have access to such facilties. If I held Ksh 24,000/- PA, what cover does this amount offer?
I don't know the rates they are offering.
What is phenominal about the whole product is the ability to scale. Equity has 4.5m bank accounts and MPESA 10m accounts. The unbanked and uninsured will now have access to these services through their phones. Can you imagine the mobilisation of savings?
-- Regards,
Joe Linux User: #361092 SIP: joe.njeru@ekiga.net Twitter: http://twitter.com/joenjeru
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
-- Kind regards CHRIS NG'ANG'A TEL:+254 725 098 652
@Joe, Thnks great stuff on the replies. :-)) For kenyans sake, I hope the security systems are in place since and offer these itemized logs on transactions: a) Deposit : amount, date and time b) Withdrawal : amount, date and time c) Some sort of a PIN system and anti-fraud/theft measures d) Interest rates calculations and amounts on savings e) Accessibility of the above transaction logs on mobile and what handsets The BD article quoted that the system has been tested for about 3 years. Has the system been tested on volume transactions and proved to be stable? This question can only be answered by a certification authority. This bagde of approval would really make M-Kesho the best innovation so far. I think Safaricom and Equity are not in a position to self certify the system as being free of bugs or other matters. Asante. On Wed, May 19, 2010 at 9:58 AM, Joe Murithi Njeru <joe.njeru@gmail.com>wrote:
Hello Aki,
My responses in light brown
@Aki, Items a,and be will be listed in your weekly/monthly/annual statement of accounts. As for Item c, there are 2 PINs involved: the MPesa PIN and the equity mobile banking PIN On Item e, Mpesa transaction logs are available at Safcom retail centres at 500/= for the last 3 months. Equity mobile banking also provides statements of transactions made via SMS. So basically this is simply an extension of current systems the only main difference is the ability of transfering funds from Mpesa a/cs to bank accounts. Additional security mechanisms exist for the Mpesa to bank a/c transactions. ./bernard On Wed, May 19, 2010 at 10:42 AM, aki <aki275@googlemail.com> wrote:
@Joe, Thnks great stuff on the replies. :-))
For kenyans sake, I hope the security systems are in place since and offer these itemized logs on transactions:
a) Deposit : amount, date and time b) Withdrawal : amount, date and time c) Some sort of a PIN system and anti-fraud/theft measures d) Interest rates calculations and amounts on savings e) Accessibility of the above transaction logs on mobile and what handsets
The BD article quoted that the system has been tested for about 3 years. Has the system been tested on volume transactions and proved to be stable? This question can only be answered by a certification authority. This bagde of approval would really make M-Kesho the best innovation so far. I think Safaricom and Equity are not in a position to self certify the system as being free of bugs or other matters.
Asante.
On Wed, May 19, 2010 at 9:58 AM, Joe Murithi Njeru <joe.njeru@gmail.com>wrote:
Hello Aki,
My responses in light brown
_______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet
http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
Gentlemen, thank you very much for sharing thoughts. I've learnt more in the last 2 hours than any article put together. This list rocks!! :-) On Wed, May 19, 2010 at 10:56 AM, Bernard Mwagiru <bmwagiru@gmail.com> wrote:
@Aki, Items a,and be will be listed in your weekly/monthly/annual statement of accounts. As for Item c, there are 2 PINs involved: the MPesa PIN and the equity mobile banking PIN.................
Equity Bank :: Search Found MKesho in the following 0 pages. Results Sorry, your search: "MKesho" returned zero results Perform advanced search Safaricom Search :: M-KESHO FAQ'sDistribution list-mkesho polos So where are we to get "More Information"?
Way to go value addition is the key to staying ahead of the pack.... -----Original Message----- From: skunkworks-bounces@lists.my.co.ke [mailto:skunkworks-bounces@lists.my.co.ke] On Behalf Of Joe Murithi Njeru Sent: Tuesday, May 18, 2010 9:43 PM To: Skunkworks Mailing List Subject: [Skunkworks] M-KESHO Another innovation from Safaricom and Equity http://kenyauptodate.blogspot.com/2010/05/m-kesho.html http://www.businessdailyafrica.com/Company%20Industry/Safaricom%20roils% 20the%20market%20with%20phone%20based%20savings% 20account/-/539550/921044/-/4fj674z/-/index.html no ledger fees, no min bal, no penalties on withdrawal, no charge 4 deposits, earns 3% interest annually! Okoa Jahazi to your bank account... Woiyee will other banks survive? -- Regards, Joe Linux User: #361092 SIP: joe.njeru@ekiga.net Twitter: http://twitter.com/joenjeru _______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Server donations spreadsheet http://spreadsheets.google.com/ccc?key=0AopdHkqSqKL-dHlQVTMxU1VBdU1BSWJxdy1f... ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke Strathmore University provides all-round education in an atmosphere of freedom and responsibility. This email and any files transmitted with it are intended solely for use by the recipient(s) to whom it is addressed and may contain confidential information. If you have received this email in error please notify the sender immediately and permanently delete this email and/or any files attached to it from your computer. Please note that any views or opinions presented in this email are solely those of the author and do not necessarily represent those of Strathmore University. The University accepts no liability whatsoever for any loss or damages incurred, or suffered, resulting, or arising, from the use of this email and/or its attachments. The University warrants neither the integrity of the e-mail nor its freedom from errors, viruses, interception or any other form of interference. …………………………………………………………………. Website: www.strathmore.edu
participants (15)
-
aki -
Allan Kapten -
Amarjit Labhuram -
Bernard Mwagiru -
chris ng'ang'a -
Clement Ongera -
David Mugo -
Dennis Kioko -
Joe Murithi Njeru -
kennedy kariuki -
Mash -
ndungu stephen -
Pius Walela -
Robert Kuria -
tech newbie