Asalam aleykum, my brothers and sisters.
As you may have recently realised, too many people are dying. Given, they are going back to our Father, but that doesn't make the transition any easier. So i dedicate this blog to all those who've lost a loved one... Feel free to write your RIPs.
Militant out.
Sunday, September 14, 2008
Friday, September 5, 2008
Easy Cash Project
Introduction:
Electronic funds transfer (EFT) have taken over from exchanging hard cash and cheques, which still remain the main sources of exchanging of money. Recently, mobile phone operator, Safaricom, made advancements in EFT by creation of the service M-PESA. As the first of its kind in the world, this is a service that allows any registered Safaricom subscriber to send and receive money, directly from their cellular phones. This has proved to be both convenient and profitable.
Statement of the Problem
Although M-PESA is available to a wide range of clients, the services offered are limited and it is not able to reach everyone. Considering the number of other services that could be offered other than just sending and receiving money, and buying airtime.
Currently there are two other mobile service providers, namely Celtel Kenya and Telkom. Clients who use these services are locked out of the use of M-PESA.
Existing Systems
Current methods of payment apart from M-PESA include bank transfers, credit and debit cards. All of which are limited to particular people, and according to their income. Credit cards on the other hand have been perceived as a preserve for the wealthy, due to the stringent requirements one has to go through to acquire one.
Concept
Easy Cash (e-Cash), proposes to be an extension of the current M-PESA service, guaranteed to put Kenya on the map.
e-Cash will have the following features:
a)Enables transfer of funds between registered mobile subscribers, no matter what operator they use.
b)Serve as a ‘mobile bank’ so to speak, and enable its clients to even pay bills such as restaurants, power, water, etc. just through the touch of a button.
c)In partnership with international money transfer services such as Western Union and Money Gram, have the potential for a client in Atlanta Georgia, USA to send a few dollars from his/her local Western Union to his/her grandmother’s mobile phone in Kisii or Kisumu, with the option of local or foreign currency.
d)Eliminate those annoying lines in banks. Just simply go to any e-Cash agent, deposit the money into your e-Cash account and send it directly to your bank account. There is also the possibility of accepting banker’s cheque too.
e)Inherit all the basic features of M-PESA, such as buying of airtime, and add on a few more that make it basically irresistible.
f)Serve as a 24 hour borderless bank, by using existing Western Union or Money Gram networks all over the globe.
g)Faster cheque processing (banker’s cheques only) than most banks.
h)Instantaneous transfer of money globally.
i)Safer mode of money transfer than credit cards.
How to Bring it into Operation
Safaricom were able to embed a menu into their SIM cards that allowed their clients to utilise this service. This could create quite an expense, in terms replacing all the subscriber’s SIM cards and issuing new ones.
Instead, we approach this from a different angle. On one hand, all new SIM cards could come equipped with the new e-Cash menu. On the other hand, clients who have cellular phones which can connect to the internet, can download the menu directly to their handsets for free, from their operator’s websites.
A central management system, will be put up to control the network, act as a database to hold all the clients’ accounts and connect to various mobile service providers, banks and money transfer companies.
Possible Risks and Limitations
A number of threats exist to this concept, that is:
a)Loss of funds due to the system being hacked or collapsing.
b)Loss of the client’s funds due to him/her sharing the secret code or PIN number.
c)Access to a client’s bank account could lead to misuse of confidential information.
Estimated Budget
The cost of developing such an expert system which will be able to intergrate with the banks’ systems, the mobile operators’ systems and the money transfer agents’ systems could fall around the area of about 10 million
This however does not including the cost of developing the menus to be embedded in the SIM cards and the menus for download, which have to be custom made for each model of mobile phone.
We could be looking at a total cost of approximately 20 million shillings.
Militant out.
Electronic funds transfer (EFT) have taken over from exchanging hard cash and cheques, which still remain the main sources of exchanging of money. Recently, mobile phone operator, Safaricom, made advancements in EFT by creation of the service M-PESA. As the first of its kind in the world, this is a service that allows any registered Safaricom subscriber to send and receive money, directly from their cellular phones. This has proved to be both convenient and profitable.
Statement of the Problem
Although M-PESA is available to a wide range of clients, the services offered are limited and it is not able to reach everyone. Considering the number of other services that could be offered other than just sending and receiving money, and buying airtime.
Currently there are two other mobile service providers, namely Celtel Kenya and Telkom. Clients who use these services are locked out of the use of M-PESA.
Existing Systems
Current methods of payment apart from M-PESA include bank transfers, credit and debit cards. All of which are limited to particular people, and according to their income. Credit cards on the other hand have been perceived as a preserve for the wealthy, due to the stringent requirements one has to go through to acquire one.
Concept
Easy Cash (e-Cash), proposes to be an extension of the current M-PESA service, guaranteed to put Kenya on the map.
e-Cash will have the following features:
a)Enables transfer of funds between registered mobile subscribers, no matter what operator they use.
b)Serve as a ‘mobile bank’ so to speak, and enable its clients to even pay bills such as restaurants, power, water, etc. just through the touch of a button.
c)In partnership with international money transfer services such as Western Union and Money Gram, have the potential for a client in Atlanta Georgia, USA to send a few dollars from his/her local Western Union to his/her grandmother’s mobile phone in Kisii or Kisumu, with the option of local or foreign currency.
d)Eliminate those annoying lines in banks. Just simply go to any e-Cash agent, deposit the money into your e-Cash account and send it directly to your bank account. There is also the possibility of accepting banker’s cheque too.
e)Inherit all the basic features of M-PESA, such as buying of airtime, and add on a few more that make it basically irresistible.
f)Serve as a 24 hour borderless bank, by using existing Western Union or Money Gram networks all over the globe.
g)Faster cheque processing (banker’s cheques only) than most banks.
h)Instantaneous transfer of money globally.
i)Safer mode of money transfer than credit cards.
How to Bring it into Operation
Safaricom were able to embed a menu into their SIM cards that allowed their clients to utilise this service. This could create quite an expense, in terms replacing all the subscriber’s SIM cards and issuing new ones.
Instead, we approach this from a different angle. On one hand, all new SIM cards could come equipped with the new e-Cash menu. On the other hand, clients who have cellular phones which can connect to the internet, can download the menu directly to their handsets for free, from their operator’s websites.
A central management system, will be put up to control the network, act as a database to hold all the clients’ accounts and connect to various mobile service providers, banks and money transfer companies.
Possible Risks and Limitations
A number of threats exist to this concept, that is:
a)Loss of funds due to the system being hacked or collapsing.
b)Loss of the client’s funds due to him/her sharing the secret code or PIN number.
c)Access to a client’s bank account could lead to misuse of confidential information.
Estimated Budget
The cost of developing such an expert system which will be able to intergrate with the banks’ systems, the mobile operators’ systems and the money transfer agents’ systems could fall around the area of about 10 million
This however does not including the cost of developing the menus to be embedded in the SIM cards and the menus for download, which have to be custom made for each model of mobile phone.
We could be looking at a total cost of approximately 20 million shillings.
Militant out.
The Story Of Militant: Part 1
Asalam aleykum, my brothers and sisters.
Well, it seems like unless i explain to you how this formerly innocent altar boy ended up here, you won't understand where i'm from plus there'a some stuff i would like to get off my chest.
First of all, i'm the fourth born of a family of five, and if you know anything about large families, then you know i've had to hustle for everything i have and own. Shit, till now new stuff still jazzes me 'coz i'm not used to buying or being bought for stuff, it's been hand me down's after hand me down's...
I'm very spiritual, when i was a kid, i believe i used to talk to God almost everyday. I know what you're thinking, seriously, there are things i've been through that should have killed me, and yet here i am pissing off the government...
So anyway, some assholes say i converted to Islam because of this girl i met. Well, all i can diplomatically say is that, she may have played a role, but it wasn't so i could get into her pant... Seriously, who's that lame????
Anyway, she gave me a Quran one day, i felt like it was what my life was missing, and i guess as they say, the rest is history.
Guess what, a few days after i took my Shahada, she told me that Muslims who sin alot have an opportunity to redem themselves by introducing someone else to the religion, kinda like those piramid schemes! WTF!!!
Needless to say her and I didn't exactly work out. But hey, it was the perfect "divorce", i got to keep our child, Islam.
So anyway, i isn't hard to tell, i am a very troubled soul. But hey, we all have our skeletons, right?
I don't like attention, contrary to popular belief, despite being that everytime i decide to voice my opinion, people shut the fuck up! What can i say... But everyone around me has attention issues, and when i say everyone, i mean everyone! Yeah, you too!
I prefer to hang in the background and play the strings, but i do not manipulate people. See, when you take a drunk out of a bar and give him a Quran, he'll look at it, promise to read it, eventually.
I did. For a while, it did work out for me, till this girl decides to start making certain requests that when exactly against my new found lifestyle... So i can't say it's totally my fault that i backslid
Okay, i think i'm telling y'all too much...
Militant out.
Well, it seems like unless i explain to you how this formerly innocent altar boy ended up here, you won't understand where i'm from plus there'a some stuff i would like to get off my chest.
First of all, i'm the fourth born of a family of five, and if you know anything about large families, then you know i've had to hustle for everything i have and own. Shit, till now new stuff still jazzes me 'coz i'm not used to buying or being bought for stuff, it's been hand me down's after hand me down's...
I'm very spiritual, when i was a kid, i believe i used to talk to God almost everyday. I know what you're thinking, seriously, there are things i've been through that should have killed me, and yet here i am pissing off the government...
So anyway, some assholes say i converted to Islam because of this girl i met. Well, all i can diplomatically say is that, she may have played a role, but it wasn't so i could get into her pant... Seriously, who's that lame????
Anyway, she gave me a Quran one day, i felt like it was what my life was missing, and i guess as they say, the rest is history.
Guess what, a few days after i took my Shahada, she told me that Muslims who sin alot have an opportunity to redem themselves by introducing someone else to the religion, kinda like those piramid schemes! WTF!!!
Needless to say her and I didn't exactly work out. But hey, it was the perfect "divorce", i got to keep our child, Islam.
So anyway, i isn't hard to tell, i am a very troubled soul. But hey, we all have our skeletons, right?
I don't like attention, contrary to popular belief, despite being that everytime i decide to voice my opinion, people shut the fuck up! What can i say... But everyone around me has attention issues, and when i say everyone, i mean everyone! Yeah, you too!
I prefer to hang in the background and play the strings, but i do not manipulate people. See, when you take a drunk out of a bar and give him a Quran, he'll look at it, promise to read it, eventually.
I did. For a while, it did work out for me, till this girl decides to start making certain requests that when exactly against my new found lifestyle... So i can't say it's totally my fault that i backslid
Okay, i think i'm telling y'all too much...
Militant out.
Subscribe to:
Posts (Atom)