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|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fidha254(m): 9:02am On Oct 12, 2017|
Fearlez:You are indeed very ignorant about Kenya. First off all , ingnoring the stats that a nigerian has an avg of 3 bank accounts bcause of trust issues, last I checked there were 31 million bank accounts in Kenya representing 73% of the population.... While Nigeria has close to 70million account holders representing a mere 38% of the population... What this means is you are less likely to have access to an ATM in Nigeria than in kenya because the ATMs will be more sparsely distributed...I.e Kenya has more ATM/Banks per capita than nigeria. It also means the banking system in Kenya is saturated, finding POS or regular shops that accept credit cards is more ubiquitous, cause recently banks in kenya have fought hard, there are now more bank account holders than active mpesa accounts http://www.cgap.org/blog/kenya-bank-accounts-again-more-popular-m-pesa-%E2%80%93-why
You seem to miss the point here, people are taking about access to banking while you keep chest thumping about having 'big banks in Nigeria that are among top 50 in africa', having a big bank is not a measure of progress, this article here says 2% of account holders in nigeria own 90% of bank deposits, mst of the accounts belong to oil businesses, So congratulations on making it to the top 50 biggest banks in Africa by assets https://www.vanguardngr.com/2016/06/2-nigerians-90-bank-deposits-ndic/?_e_pi_=7%2CPAGE_ID10%2C5981823710
On the other hand , if you want the biggest banks by customer base leading and promoting in fanatical inclusivity regardless of rich and poor, you know where to find them http://www.africanbusinesscentral.com/2014/07/10/fact-of-the-day-kenyas-equity-bank-is-africas-largest-bank-by-customer-base-2/
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 11:51am On Oct 12, 2017|
Please, I don't banter with Kenyans who rely on British wild life tourism to feed and maintain their disgraceful $70 billion dollar economy.
If you say only 38% Nigerians own bank accounts, for a country whose banks and firms are dominating west and east African subregions, then your father should have sent you to Kenyan wildlife as a night ranger instead of wasting funds in our education.
Please go to Africa's biggest 100 banks and tell me where Kenyan banks are.
Algeria dominate the banking sphere in Africa.
You and your country are shameless rebellious usurpers with no pedigree or clout.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fidha254(m): 1:25pm On Oct 12, 2017|
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fidha254(m): 1:30pm On Oct 12, 2017|
Fearlez:Feel sorry for you, really.. Continue boasting of your big banks owned by the 2% until kingdom come while the majority of your people still informal. That $70B you keep taking about is hard earned money while yours is all about waiting for oil prices to increase to earn a gdp, when oil prices go down everything else in the economy comes to a halt, you will never witness such an overdependence of an industry in a more sophisticated economy like kenya
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 2:33pm On Oct 12, 2017|
Fidha254:feel sorry for yourself and country for having nature fling you into the bottomless rung of irrelevance and poverty.
Your Banks are not a force to be reckoned with . That's why you're championing mobile money when the rest of the world is breaking grounds with mobile banking and internet banking.
That's where Nigeria, South Africa, Egypt and Morocco are up to.
Enjoy the chase.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fidha254(m): 3:07pm On Oct 12, 2017|
Fearlez:Hahaha 'your banks are not force to be reckoned" hahahah seriously, such superficial people like you amaze me...97% of nigerians still shop informally, Comparing yourself with SA and Egypt. Did you know Nigeria has been ranked among top 10 fragile(failed states) states for the last decade... Nigeria is always used as an example in most African countries when people talk of how not to run a country if you have minerals.. BTW We have reached 91% banking penetration with our $70B economy while your $400B economy is still suffering 4th world problems like basic healthcare, illiteracy, water and sanitation.... What a ridiculous country
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by GERALD710: 3:07pm On Oct 12, 2017|
Fearlez:Kenya's mobile banking is far more sophisticated than Nigeria's.
Nigerians are talking of withdrawing using banking apps in 2017 when Kenyans were doing so in 2011.
Kenya and South African banks are the only ones that offer AMEX and Union Pay.
Kenya and South African banks support PayPal Withdrawals.
Visa's Africa network is hosted in Kenya.MVisa was launched in Kenya before Nigeria.
In fact,checking your banks,most of them did not even support Visa or MasterCard until after 2010
Kenyan banks had Visa since the 90s and MasterCard from 2002 for multinationals and 2008 for local banks.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 3:17pm On Oct 12, 2017|
Sorry, we don't compare. Kenya is Africa's backwater. And your banks are a reflection of your sorry-ass economy.
Any stuff you're typing is misrepresenting what's on ground.
What's the point of having all those banking services for a few British and American animal lovers when Kenya boasting of having 7 biggest slums out of 20 in Africa is peopled by dirty, poverty-enclosed citizens who can only generate $70 billion?
You're truly the son of a ranger.
GSM came into Nigeria 1999 when some African country has already installed theirs but today we are number 10 in the world in mobile internet.
Today our banks have ranked into the global 1000 biggest.
Where is Kenyan banks once again?
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 3:23pm On Oct 12, 2017|
Fidha254:when I told you your father prioritised one lion in your reserves more than he valued your education, you thought I was dissing.
Oil doesn't even add up to 17% to our GDP.
Agriculture and manufacturing in Nigeria generate more GDP numbers than oil!
Go check the facts. You're a wasted effort of parental fúck.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by GERALD710: 4:19pm On Oct 12, 2017|
Fearlez:There are as many bank users as there are mobile money users in Kenya
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by GERALD710: 4:23pm On Oct 12, 2017|
Fearlez:Last O checked any Kenyan can open a bank account in any bank in Kenya as all banks have accounts where you do not have to maintain a minimum balance.
So which banks are these for American and British animal lovers
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 4:36pm On Oct 12, 2017|
GERALD710:How does not this change the fact that Nigerian banks are richer than your banks?
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fidha254(m): 9:23am On Oct 13, 2017|
Fearlez:30% of your budget comes from oil, 95% of all exports revenues is from oil and gas, which basically means without oil Nigeria is basically fu€ked ...
And by the way with all that money, and average Kenyan is better educated than an avg nigerian, so much for the 'giant of Africa' , like seriously the number of uneducated nigerians is more than the entire population of Kenya
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by MtuMsuper: 10:14am On Oct 13, 2017|
Fidha254:Bro, you are arguing with a shirtless,flip flop wearing, laptop wielding nigerian living somewhere in donholm, pipeline or Roysambu with 9 of his brothers to a single bedroom and who has cheap bundles or cheap broadband at his disposal, and not with a reasonable being who has indisputable facts about the banking industry in Africa! Some of these folks can rile you with their rich choice of words, so I would advise that if you are trained to have a thick skin, you better absorb and ridicule his assertion. Some of these folks think oil is everything, and can't understand that African countries can keep themselves together without it! Let them visit some of the more prosperous southern african nations like Nam, Bots to discover that an economy is built on sound management and not crude natural resources earnings only. Heck, they should even visit the UAE to see how an economy that began as an oil/gas economy is now sufficiently weaned off it, to their utter disappointment of course!!
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 1:21pm On Oct 13, 2017|
Fidha254:Now this pinheaded idiot is shifting possition like a cheap whóre trying out madingo for the first time.
So it's no longer our GDP is reliant on oil , now it's export and government budget
Let me ask you, does Government budget hamper our economy? Does the fact that we export less than we export shrink the economy? Nope. You're a desperate sod.
You lied and was caught and you're proving to be a dishonourable fool by trying to shift the goal posts.
You will do well to cease making yourself look stupider than you were when you began this futile attempt to compare yourself to a country inherently greater than you and your lots.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fidha254(m): 6:26pm On Oct 14, 2017|
Fearlez:small people with small brains like you overcompensate by insults ridicule inoder to make themselves feel more than they are...
As I said b4, without oil Nigeria is Fu€ked, No oil means no govt budget, No govt budget means no effective govt, no effective govt means less govt control, affecting the entire production level of a country, If oil doesn't contribute much to Nigeria GDP (directly and indirectly) can you explain to me how Nigeria a country 180mil with supposedly various sectors of the economy whent into economic recession when world oil prices went down
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 6:38pm On Oct 14, 2017|
Your IQ is even smaller than your mother's mutilated clitóris.
You pined Nigeria's GDP on oil exportation and when I debunked your claims by pointing to you that Nigeria's GDP isn't dependent on oil, you started deflection by mentioning Government budget and all.
People like you who bother google servers with copy and paste on Nairaland shouldn't be allowed to air their opinion in public.
Your mental muscle isn't strong enough to filter facts from debris because none of your parents thought hard enough to invest in your education.
One lion in a Kenyan reserve has generated more national economic input than all the male members of your lineage.
Trying to wiggle your way out of this intellectual sandpit you dug yourself is going to be as difficult as trying to grow the Kenyan economy into the top 5 of Africa's biggest economy power house.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fidha254(m): 7:33pm On Oct 14, 2017|
Fearlez:empty words of a losser..
Explain how a cool $100B is missing from nigeria gdp after oil prices went down.
The failed state of Nigeria
And BTW all the top 10 biggest economies in Africa are all mineral dependent with the exception of Kenya and Ethiopia, that should teach you something.
A deep in all prices caused all the sectores of Nigerian economy to coke to a halt , the giant of Africa, addicted to the black oil substance can't do sh!t without it, remove oil from Nigeria and suddenly nothing is left
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 8:45pm On Oct 14, 2017|
So South Africa , Egypt, Nigeria have economies dependent on minerals?
South Africa has the most diversified economy on the continent, followed by Egypt.
Nigeria's economy is reliant on agriculture, bank and financial sector, manufacturing, entertainment and oil.
Government earnings however rely heavily on oil exportation as the government doesn't have the will or need for internal taxes.
What happened to you during your formative years is that you were watching animal cartoons featuring British tourists who bribed your father to issue illegal pass.
You only taste of education is night classes.
If Nigeria is a failed state with over $594 billion dollar economy , the only Africa country in history to achieve this, what do we then call a country like Kenya with a laughable $56 billion far inferior to Lagos stat
You and your countrymen are the slaves that should have been exported out of Africa as disposable human filth whose economic value is below the sum total of a subsistent piggery farm.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by moshoodn(m): 8:57pm On Oct 14, 2017|
Fearlez, you need to tone down on the insults. That'll not drive your points home.
We need to be civil in relating with others.
Nigeria or Kenya, bank penetration or not, we both need to improve our economies.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 9:06pm On Oct 14, 2017|
moshoodn:I deliberately upped my insult to the degree that a wretched Kenyan dare stand to compare economies with Nigeria.
Kenya is on the fringes of irrelevancy in Africa and its inconsequential citizens should try to rewrite facts online.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by moshoodn(m): 9:28pm On Oct 14, 2017|
We are all humans. No one is inferior to the other...
How would you feel if an American gave you the dose you gave the Kenyan?
Country or no country, we need to respect ourselves as humans.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 9:35pm On Oct 14, 2017|
moshoodn:America? Americans don't have any bragging rights.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by moshoodn(m): 9:46pm On Oct 14, 2017|
Really? They don't?
Well, kindly compare Nigeria and the US in all indices.. I'd like to learn from you.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 9:51pm On Oct 14, 2017|
moshoodn:My point is America is a meeting point of world citizens, culture, races, and peoples on a large expance of land and abondance of mineral resources.
She's the greatest by a long stretch, with immigrants from all over the world.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by GERALD710: 7:48am On Oct 15, 2017|
Fearlez:You are number 10 in mobile internet based on raw numbers.
As a percentage only 50% of Nigerians have Mobile Internet
Kenya's mobile internet penetration stands at 91%
The same with banks.
Nigerian banks are large due to having tens of millions of customers
But the entire continent knows how PATHETIC your banks are when it comes to customer service
From ATMs that do not work for weeks on end to currency restrictions to a lack of technology.
Like for example Nigerian students in Kenya spent the better part of last year getting money through other means other than banks.
Being big does not translate to being sophisticated Dude.
UBA is in Kenya.It is one of the smallest banks because it is not as sophisticated as the Large Kenyan banks.
Let me give you an example of how sophisticated Kenyan banks are.
In Kenya you can use any POS of any bank with your Card.This I know for a fact does not exist in Nigeria where banks insist that POS usage be restricted to only their cards
Airtel Money Cards in Kenya are run by ChaseBank
Orange Money Cards are run by Equity Bank
Mpesa prepaid cards are run by I&M Bank
Thus Mobile Money and Traditional Banking are directly linked.
Payoneer and PayPal Bank Withdrawals
Kenya and South Africa are the few nations that allow PayPal Bank Withdrawals.
I have a PayPal account and I get my money after 3 business days into my Equity Bank account .
Payoneer bank transfers go to all Kenyan banks (Except Nigerian ones.Why am I not surprised)within 2 days.
That is why our Freelance community is larger than Nigeria's (according to Payoneer,Not Me).Skrill even allows Skrill to MPESA withdrawals instantly and bank transfers in 2 hours (Cooperative Bank)to 24 hours (The rest).
Nigeria only Skrill allows bank transfers and this happened in 2016 when in Kenya,we had the option when it was Moneybookers!!
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 10:59am On Oct 15, 2017|
No one has time reading from your long effort of Google rape.
Kenya shouldn't be on the maps if you aren't so poor and let your wild animals roam free until some British animal loving tourists decided to house them and feed you in the process.
Nigeria has more tentacles on the continent and beyond more than Kenya can ever hope.
With a #70 billion dollar economy, you're a worthless, inconsequential and disposable burdensome log on Africa's collective match to economic liberalisation.
Writing long strained efforts bothering Google's servers can't change the fact that you're Africa's backwater country by all measurement.
* No economic clout
* No political power
* No strong international presence
* No military presence
* No global firm
All there is to Kenya is just animal reserves.
Keep the lame pretence going.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Hbuyosh(m): 1:45pm On Oct 15, 2017|
All that is your opinion my friend, not facts.
Nigeria is not more influential than Kenya on the continental arena, leave alone globally.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 2:55pm On Oct 15, 2017|
Hbuyosh:you're cherry picking facts from your favourite blogs. Let me hit you with reality; you're not going to like this.
Africa's big 5 powerful and influential are Nigeria, South Africa, Egypt, Algeria and Libya. This countries sustain the African Union paying 66% of the financial burden of the union.
The other 34% comes from foreign donors. Libya's loss of Gadaffi will easily be filled by Kenya.
This why only Nigeria, south Africa and Egypt are gunning for Africa's permanent security seat at the UN.
This is why there's a gentleman's agreement that certain countries in the big 5 cannot occupy certain positions in the AU because of their power and influence.
Kenya is not a privy to any of these agreements because she's just an average player in the committee of African affairs.
No country with a #70 billion economy will command any influence beyond it's domestic frontiers.
You are a very foolish person to debate with.
No take a look at that screenshot below and see the countries that are sustaining you.
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fidha254(m): 3:31pm On Oct 15, 2017|
Fearlez:Yes all those in top 10 except for you know who... Even SA, I mean where would SA be now if not for mineral, e.g 70% of SA electricity comes from coal, same coal is the one utilised in smelting of iron for manufaruring.... A good thing about SA is that they used the extractive industry to build other sectors of the economy like mechanised agriculture,tech,auto-industry,processing.... Unlike Nigeria, I would categorise Nigeria with the likes of Sudan... Not egypt or SA, you guys are nowhere near them even with that $500B...BTW its now gone down to $400B , so what can $400B do for a country of 180m, that can put you on history as the third most terrorised nation after Iraq and Afghanistan https://www.premiumtimesng.com/news/headlines/193626-nigeria-now-third-most-terrorized-country-in-the-world-report.html?_e_pi_=7%2CPAGE_ID10%2C9460686044
Even this lawless Somalia is ranked behind Nigeria like seriously
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Hbuyosh(m): 6:27am On Oct 16, 2017|
Kenya is a smaller country than Nigeria, not endowed oil and othr lucrative minerals, yet it is the 8th biggest economy in the comtinent.
You are so much into numbers. Kenya has a gdp of 76bn$ and with a population of 43mln, can u compare its gdp per capita with that of Nigeria? (Not Lagos please, Nairobi has a larger gdp per capita than Lagos!)
Kenya is a lower mid- income country, ranked thus for a reason.
Now, speaking of financial contributions to world bodies...
|Re: In The Wake Of A Wave Of Fintechs, Banks Are Getting Personal by Fearlez: 9:05am On Oct 16, 2017|
This is why your country will always be poor and irrelevant because you choose to misinfom people and believe your own lies.
The link and screenshot you supplied are for UN highest donors in finance and SERVICES!!!
Now, SERVICES is the watchword here as Kenya supplies the UN with workmen like mechanics, drivers, deliverymen and courier.
You see, you're as wretched and petty like your country.
You're a dishonourable fraud who is shameless
How can a country whose annual economic output is a laughable #70 be the 9th largest financial contributor to the UN when she doesn't even play big on Africa Union?
Pathetic and laughable. What Kenya supply UN is pure man labour which is then valued in cash for assessment. Send me someone debate-worthy.
Or ring me up for more debunking of your wishful hopes.
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