February 12, 2008
IBM and CARE Announce Africa Financial Grid
This effort parallels the vision that Sevak Solutions has been promoting since its inception. More...
Rural Areas in Vanuatu to Access Modern Banking Services
As a result of a feasibility study conducted by Sevak Solutions, the Asian Development Bank (ADB) and the Japanese government will be supporting the implementation of a branchless banking system in Vanuatu. More...
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| Prototypes |
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Working on prototypes provides insights and a deep understanding of the real-world challenges and opportunities encountered with implementing a solution in developing countries. To date, Sevak Solutions has worked on two key pilot projects, both of which sought to extend the reach of services into remote and rural areas.
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| Social Protection Payments (SPP), Kenya: Leveraging Field Experience for Social Payments (2007 – 2008) |
In Kenya, Sevak Solutions was the founding member of a consortium that also included Paynet Kenya and the Kenya Commercial Bank. The three companies came together to respond to the Social Protection Payment Challenge. After receiving a grant award, consortium members began developing the financial products, agent models, and technology solutions that could enable the Kenyan government to send money to the homeless and disadvantaged more easily and economically. More...
FSD Kenya and CGAP Press Release
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| Remote Technology Solution, Uganda: Proving the Agent Model (2004 – 2005) |
The first initiative, the Remote Transaction System (RTS) was begun prior to the founding of Sevak Solutions when one of the founders worked at the Hewlett-Packard Company. A point-of-sale and smart card solution was piloted in three different microfinance institutions, each of which used the solution with a different business model. The agent model piloted at Uganda Microfinance Limited proved to be the most successful. When Sevak Solutions was spun out of Hewlett-Packard, the founding team returned to Uganda to learn more about the details of the model. More...
Explore the RTS Archives for the complete history, financial analysis, documentation, and training materials related to the original RTS pilot.
Download the final RTS Open Source code RTS Version 4.0, along with all associated documentation.
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