Hello All

did you know that migrant Africans are charged a whole 12% or more on remittances back home from developed countries and that these charges are 2wice the global rate.  and that 66% of the global (to africa) remittances are from MTOs such as Moneygram and Western union

REGARDS

MESHACK



On Wednesday, December 16, 2015 10:52 AM, Ali Hussein via kictanet <kictanet@lists.kictanet.or.ke> wrote:


Josiah

Umeongea kama wazee kumi! (spoken like 10 wise men!)

Ali Hussein
Principal
Hussein & Associates
+254 0713 601113 / 0770906375

Twitter: @AliHKassim
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Blog: www.alyhussein.com

"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought".  ~ Albert Szent-Györgyi

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On 15 Dec 2015, at 1:24 PM, Josiah Mugambi via kictanet <kictanet@lists.kictanet.or.ke> wrote:

BitPesa requires proof of identity before use. I found it quite lengthy and a tad tedious while signing up sometimes back. That somewhat takes care of KYC procedures though.
I think CBK are obligated to make this position as a caveat emptor. An idea for them might be to use this case with BitPesa as a pilot with the view of coming up with regulations. Especially as cryptocurrencies are not going away any time soon.
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.

KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.