Prof. Ndemo's work in the liberation of the sector was a necessary move to reduce the barrier to entry for innovative services at the time. We have had a poster child of good behavior in Safaricom in my personal opinion and they have thrived on innovation and forward thinking to cover this much ground in so little time. There is a time for everything and I believe the regulatory framework has been given a fairly easy situation that can be railed back in without causing too much friction or that may show some semblance of some partisanship. This needs careful review and calculated steps to secure future players and ultimately the consumer rights and freedoms. I laud Kictanet for watching keenly. Ahsanteni. On Aug 21, 2015 8:40 AM, "Walubengo J via kictanet" < kictanet@lists.kictanet.or.ke> wrote:
+1,
Safcom has played its card exactly as expected.
And this is where it gets very interesting. How to regulate a service whose total value does not sit in one entity but cuts across multiple players (banks, merchants, agents, application providers, competitors etc). Very interesting scenario since Kenya is once again staring at an opportunity to show the rest of the world the best regulatory move in the prevailing circumstances.
Perhaps this time around, the risk of a wrong regulatory intervention (regulatory error) may have a bigger impact than it would have had ten years ago when Prof. Ndemo and the then CBK governor allowed mobile money some liberal breathing space. That is not to say there should be no regulatory intervention. The question is: which one?
Lets wait and see.
walu.
------------------------------ *From:* ngethe.kariuki2007 via kictanet <kictanet@lists.kictanet.or.ke> *To:* jwalu@yahoo.com *Cc:* ngethe.kariuki2007 <ngethe.kariuki2007@yahoo.co.uk> *Sent:* Thursday, August 20, 2015 8:30 PM *Subject:* Re: [kictanet] Equitel - M-Pesa battle heats up as Safaricom hikes termination fees
Since Safaricom is dominant in the mobile money termination market and in the absence of any regulation, it is in their interest to maximise returns in that "market segment" .So, Safaricom is behaving as expected!
John Kariuki
Sent from Samsung Mobile
-------- Original message -------- From: Dennis Kioko via kictanet <kictanet@lists.kictanet.or.ke> Date: To: ngethe.kariuki2007@yahoo.co.uk Cc: Dennis Kioko <dmbuvi@gmail.com> Subject: [kictanet] Equitel - M-Pesa battle heats up as Safaricom hikes termination fees
Good Afternoon Listers, Safaricom has increased termination fee - the amount of money paid to it by Equitel for money to be sent from one network to another.
This has left Equitel users with high transaction costs on Equitel to M-Pesa transactions. See story here http://www.infotake.co.ke/2015/08/equitel-users-silently-hit-by-100.html <http://www.infotake.co.ke/2015/08/equitel-users-silently-hit-by-100.html>
-- with Regards:
blog.denniskioko.com <http://www.denniskioko.com/>
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