Bank on it

The residents of Kenya have traditionally relied on family, friends, or hired deliverers to transport money. The reason is that a high percentage of the nation's population does not use banks, which are usually costly, time-consuming, and risk-prone entities to deal with. This article examines how global telecommunications company Vodafone (Newbury, England) developed an innovative mobile technology system--named M-PESA--that allows Kenyans to perform banking operations via their cellular telephones. In doing so, it discusses how Vodafone initiated this project and generated the public funding and support needed; it describes how Vodafone developed this concept. It looks at the three functions that the service--which Vodapone developed in conjunction with England's Scientific Generics (now known as Sagentia)--provides; it overviews the process of using this service. It then details how Vodapone overcame its primary project challenge--assuring the Kenyan government that the service was secure and legitimate, a
registered user content locked

Log in or join PMI to gain access

or Account Registration

Advertisement

Advertisement

Related Content

  • Practice Standard Work Breakdown Structure

    Practice Standard for Work Breakdown Structures member content locked

    An essential tool for project planning, a work breakdown structure organizes a project’s total scope to help practitioners track projects across disciplines and project life cycles.

  • PM Network

    The Project Manager's Starter Kit member content locked

    By Bishel, Ashley It's time for young and aspiring project professionals to take their shot. By 2027, employers will need 87.7 million individuals working in project-management-oriented roles, according to PMI's…

  • PM Network

    Rebuilding Confidence member content locked

    By Fister Gale, Sarah Time is running out to reshape and right-size infrastructure for a growing world. Countries need to invest as much as US$97 trillion in energy, telecom, transportation and water infrastructure…

  • PM Network

    Unclogging the Pipeline member content locked

    By Oyvetsky, Marat At sales-driven companies, a project can't start until a contract is signed. But in my experience at IT organizations, the sales pipeline can easily clog. Sales executives end up playing tug of war…

  • PM Network

    Open Office member content locked

    How does a city short on office space and housing still fight to attract high-tech companies and position itself as a hub of the future? For Copenhagen, Denmark, the answer is building nine…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.