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Safaricom 2019/2020
Ericsson
#521 Posted : Tuesday, January 05, 2021 1:52:00 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,254
Location: NAIROBI
By end of this week share price will be at ksh.35.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#522 Posted : Wednesday, January 06, 2021 12:57:42 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,371
Location: Nairobi
https://www.businessdail...ile-data-market-3248290

Not that it has a major impact on Safaricom given Saf has multiple revenue streams.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
xtina
#523 Posted : Wednesday, January 06, 2021 7:08:13 AM
Rank: Member


Joined: 6/26/2008
Posts: 340
Yet another crack at matatus cashless platforms. I feel this is one hard nut to crack

Safaricom, NCBA win cashless matatu fares platform contract
TUESDAY JANUARY 05 2021
matatu (1)
Matatus along Accra Road, Nairobi. FILE PHOTO | NMG


Safaricom is among a group of lenders and IT companies that have been licensed to offer cashless payments in Public Service Vehicles (PSVs), setting the stage for the ban of use of cash in public transport.

In a notice, National Safety and Transport Authority (NTSA) said the licensed 29 companies will offer a platform for cashless fare payment service.

This was in response to a June 16, 2020 tender where NTSA sought tech companies to install mobile software and web applications for the nearly 2 00,000 matatus in the country.

The digital fare collection system will also have the technical capability to contact trace passengers in the fight against the coronavirus disease.

Once the system is in place, all passengers will be required to pay their fares via mobile money platforms, giving the government access to their identities and personal contact information that is needed to combat the Covid-19 pandemic, which has disrupted lives worldwide.

Other top firms permitted to offer the cashless fare system are Craft Silicon (behind taxi-hailing App-Little), JamboPay, Cellullant (a pan-African payments gateway firm), KCB Bank Kenya, and CBA Bank now NCBA.

An earlier cashless fare payment platform fronted by the government, and which was launched in November 2014, flopped following strong opposition from matatu operators who felt that it was a ploy to monitor their daily earnings for taxation measures.

The digital payment system required passengers to get pre-paid cards or use mobile money for payment of fares in PSVs.

At the time, the stated interest of the government was to eliminate criminal cartels that had infiltrated the PSV industry and to provide the taxman with a platform to track incomes in a sector that grosses more than Sh420 billion annually.

The digital fare collection system was also expected to curb employee fraud by matatu crew because it would have allowed owners to track payments in real time.

The money collected was to be remitted in a bank account, making it easier for vehicle owners to access loans.

Technology firms and banks had come up with products to support the PSV e-ticketing system with their eyes on the one percent processing fee, currently estimated at Sh4 billion annually.

The firms included Safaricom, which declared a “partnership” interest in My 1963 commuter card with Mwakio Ngale, a Nairobi-based techie through his IT firm Fibre Spac.

Now, another pressing need for the cashless payment platform has emerged in the form of contact-tracing amid the Covid-19 pandemic.
Ericsson
#524 Posted : Wednesday, January 06, 2021 9:30:14 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,254
Location: NAIROBI
xtina wrote:
Yet another crack at matatus cashless platforms. I feel this is one hard nut to crack

Safaricom, NCBA win cashless matatu fares platform contract
TUESDAY JANUARY 05 2021
matatu (1)
Matatus along Accra Road, Nairobi. FILE PHOTO | NMG


Safaricom is among a group of lenders and IT companies that have been licensed to offer cashless payments in Public Service Vehicles (PSVs), setting the stage for the ban of use of cash in public transport.

In a notice, National Safety and Transport Authority (NTSA) said the licensed 29 companies will offer a platform for cashless fare payment service.

This was in response to a June 16, 2020 tender where NTSA sought tech companies to install mobile software and web applications for the nearly 2 00,000 matatus in the country.

The digital fare collection system will also have the technical capability to contact trace passengers in the fight against the coronavirus disease.

Once the system is in place, all passengers will be required to pay their fares via mobile money platforms, giving the government access to their identities and personal contact information that is needed to combat the Covid-19 pandemic, which has disrupted lives worldwide.

Other top firms permitted to offer the cashless fare system are Craft Silicon (behind taxi-hailing App-Little), JamboPay, Cellullant (a pan-African payments gateway firm), KCB Bank Kenya, and CBA Bank now NCBA.

An earlier cashless fare payment platform fronted by the government, and which was launched in November 2014, flopped following strong opposition from matatu operators who felt that it was a ploy to monitor their daily earnings for taxation measures.

The digital payment system required passengers to get pre-paid cards or use mobile money for payment of fares in PSVs.

At the time, the stated interest of the government was to eliminate criminal cartels that had infiltrated the PSV industry and to provide the taxman with a platform to track incomes in a sector that grosses more than Sh420 billion annually.

The digital fare collection system was also expected to curb employee fraud by matatu crew because it would have allowed owners to track payments in real time.

The money collected was to be remitted in a bank account, making it easier for vehicle owners to access loans.

Technology firms and banks had come up with products to support the PSV e-ticketing system with their eyes on the one percent processing fee, currently estimated at Sh4 billion annually.

The firms included Safaricom, which declared a “partnership” interest in My 1963 commuter card with Mwakio Ngale, a Nairobi-based techie through his IT firm Fibre Spac.

Now, another pressing need for the cashless payment platform has emerged in the form of contact-tracing amid the Covid-19 pandemic.



It has been overtaken with time.
According to treasury and government we are back to normalcy as far as the economy is concerned.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
murchr
#525 Posted : Wednesday, January 06, 2021 9:37:04 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,942
What is wrong with having the platform existing anyway? If matatus don't use it, it can be repurposed on trains. In technology, you don't have to wait for demand, show the users they need your stuff. Lessons from Steve Jobs, who would have thought we needed smartphones? Even Bill Gates did not envision what we have today. There's nothing like being overtaken by events
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#526 Posted : Wednesday, January 06, 2021 10:20:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,254
Location: NAIROBI
murchr wrote:
What is wrong with having the platform existing anyway? If matatus don't use it, it can be repurposed on trains. In technology, you don't have to wait for demand, show the users they need your stuff. Lessons from Steve Jobs, who would have thought we needed smartphones? Even Bill Gates did not envision what we have today. There's nothing like being overtaken by events


This is Kenya, when the time to have one for trains comes, another tender will be issued and bidders invited and of course money 💵 will change hands
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
murchr
#527 Posted : Thursday, January 07, 2021 3:40:24 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,942
Ericsson wrote:
murchr wrote:
What is wrong with having the platform existing anyway? If matatus don't use it, it can be repurposed on trains. In technology, you don't have to wait for demand, show the users they need your stuff. Lessons from Steve Jobs, who would have thought we needed smartphones? Even Bill Gates did not envision what we have today. There's nothing like being overtaken by events


This is Kenya, when the time to have one for trains comes, another tender will be issued and bidders invited and of course money 💵 will change hands



What about Kenya? What Safaricom should be is be ready for any eventuality.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
murchr
#528 Posted : Thursday, January 07, 2021 8:41:44 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,942

80% of Safaricom is owned by the below. 75% = GOK and Vodafone Source: Tweet by Kenyanwallstreet



"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
tandich
#529 Posted : Monday, January 11, 2021 8:21:22 PM
Rank: Member


Joined: 5/6/2008
Posts: 191
Angelica _ann
#530 Posted : Monday, January 11, 2021 9:28:13 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,792
murchr wrote:

80% of Safaricom is owned by the below. 75% = GOK and Vodafone Source: Tweet by Kenyanwallstreet





This has been my argument why Safaricom share price doesn't follow social mood charts_ Johnny come lately & Wanjiku were edged out. Majority shareholders here are not erratic sellers.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#531 Posted : Saturday, January 16, 2021 8:33:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,254
Location: NAIROBI
Angelica _ann wrote:
murchr wrote:

80% of Safaricom is owned by the below. 75% = GOK and Vodafone Source: Tweet by Kenyanwallstreet





This has been my argument why Safaricom share price doesn't follow social mood charts_ Johnny come lately & Wanjiku were edged out. Majority shareholders here are not erratic sellers.


Are you one of them
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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