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Safaricom 2019/2020
Monk
#261 Posted : Tuesday, March 24, 2020 6:59:31 AM
Rank: Member


Joined: 7/1/2009
Posts: 133
sparkly wrote:
VituVingiSana wrote:
xtina wrote:
aemathenge wrote:
Quote:
Safaricom Partners With PSV Operators To Collect Fares via M-PESA

March 23, 2020

Kenya’s leading telecoms firm Safaricom says it has signed a partnership with public transport sector players to accept cashless payments through M-PESA in the ongoing battle to combat the spread of the Coronavirus.

The partnership will see the crew from partnering public transit firms begin accepting fares through their phone numbers.

In a statement, the telco says the service has already been deployed to more than 300 City Star Shuttle vehicles in Nairobi and will be rolled out to additional players in the coming days.

Passengers paying their fares through the service will follow the standard procedure when sending money to another person, keying the number provided by the crew.


Source: https://kenyanwallstreet...llect-fares-via-m-pesa/

If this works, and we get past the Virus, this will be a huge income stream for the Green Monster.

It will be very interesting to see how this will work. I remember the Equity card some years back that did not do well. Matatu industry is one hard nut to crack.
GoK should not waste a crisis to bring them into line.


Mambo ya matatu ni ngumu. Google gave them Beba pay, Bob Collymore gave them My1963 card + free wifi, Master Card rolled out the pre-paid cards through KCB + Equity. All these efforts failed.

Nothing has really changed to give the new initiative better chances of success.


With all the "stakeholders" in this industry, this would simply add two more beneficiaries, Safaricom and KRA, into the foodchain. They need to free the Investors in this sector of the other leeches first.
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