Ziidi Trader allows M-PESA users to buy and sell equities listed on the NSE using a mobile phone interface:
—Kestrel Capital is the executing broker in the initial phase, with additional brokers expected to be incorporated over time.
—Kestrel Capital operates a pooled omnibus structure, meaning participants do not open individual CDS accounts and instead rely on existing M-PESA KYC credentials to access the market.
—Standard equity settlement at the Nairobi Securities Exchange has typically operated on a T+3 basis, but under Ziidi, user accounts are credited once trades are matched, with Kestrel Capital responsible for managing and completing the settlement process.
—Ziidi brokerage fees are set at ~1.5% per trade versus prevailing retail levels commonly cited in the ~1.8% to 2.1% range, with the pricing model relying on higher transaction volumes to offset the lower margin.
—The platform removes wallet funding and withdrawal charges for moving money in or out of the trading environment.
—Corporate actions, portfolio analytics, top movers, and counter-level performance data will be integrated within the mini app.
—Dividend flows & sale proceeds are returned to the M-PESA wallet or can be directed to affiliated products such as Ziidi MMF.
—The intent is to deepen domestic retail engagement in a market where foreign investors account for ~65% of activity.
NSE plans to allow investors to buy and sell shares directly via M-Pesa from January.
The move will make share trading possible on a mobile phone, without using stockbrokers.
@AIRTEL_KE I use the sim in my 5G phone. I want to use it to buy smart bundle. Is this possible or I must buy a new sim specifically for smart monthly bundle?