Standard Chartered Bank launches 83 Million Kenyan Shilling Mobile Digital Platform in Kenya

[M2Random]

@GERALD9949

Actually banking is far from saturated .
A Nation’s banking industry would be said to be saturated if we are a developed natio n and growth is under 2%.
People like pointing out we have 44 banks.
Correct.
But half of those banks specialize in specific areas that are not certaintly saturated.
The primary focus of a bank like NIC is Corporate.Not retail.Retail customers are simply an extra benefit.
These smaller banks like Baroda serve specific communities.
Before the rate cap, Chase and Jamii Bora were primarily SME

Stop digressing. We are discussing Stanchart/Barclay’s vs Equity/KCB. How attractive are they to INVESTORS, not CUSTOMERS. My claim is that Stanchart/Barclay’s are bad investments because their growth is limited to Kenya. Their financial results for the last five years support my claim. I have concrete proof in results. So, unless you have hard figures stating otherwise, you are misinformed.

[Nyamgondho]

@M2Random

Have you checked the earning’s trend for safaricom? Obviously not. Safaricom is far from exhausting the Kenyan market. The telecommunications industry in Kenya is far from where the banking industry is. There is still a lot of room for growth there unlike banking which is saturated. Safaricom is where Stanchart and Barclays were between 2001-2010 when there was still room for growth locally.
At some point, Safaricom’s earnings will plateau and then begin to decline if they don’t expand outside Kenya. Only that Safaricom hasn’t reached that stage yet being a relatively young company compared to banks.

Wewe ungekuwa kwa class yangu ya marketing I’d ask you yo write me a term paper on marketing myopia. The kenyan banking sector is not saturated. Safaricom today is eating into the banking industry’s market. There is a lot of room for growth especially with globalization

[Haiwesekani]

@Koolibah

Waliconiwa na app developer.
Nothing new in the app.

No bruh, wakubwa was IT walishiba na contractor.

[Gamulede]

I was not expecting to see something new in this application. It is classical platform which is providing on-line basic account services, but it is nice to have such option