[kictanet] Does cashless matatu system have a regulatory framework?

[luke mulunda]

Thanks for the piece quite an eye-opener. In fact cofek has raised a number of issues regarding this system some of which border on scum. Sounds like some people really want to make some cash from it. See this article by Cofek. Abit too emotional but has got nuggets of insights
http://www.businesstoday.co.ke/news/opinion-and-analysis/1415610691/talking-point-cashless-psv-system-stinks-fraud
  
     On Tuesday, November 11, 2014 8:27 AM, Walubengo J via kictanet <kictanet at lists.kictanet.or.ke> wrote:
   

 The President launched the cashless matatu payment system in style last week.  

Boarding a matatu from State House to the City Centre, the President used the payment card “My1963” to pay his fare as the smiling Safaricom CEO, Bob Collymore, the Matatu Owners association Chairman, Simon Kimutai and the Cabinet Secretary for Transport and Infrastructure, Eng Michael Kamau all watched.

Read more @
http://www.nation.co.ke/oped/blogs/dot9/walubengo/-/2274560/2518070/-/10vedrez/-/index.html

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Additionally, you can read a bare knuckle view from Cofek
** 7 reasons why Cofek will fight to stop the #My1963 PSV's cashless payment fraud

The National Transport Safety Authority (NTSA) plan to go cashless on fare payments effective December 1, 2014 though welcome cannot escape public scrutiny.

Clearly, majority commuters are not ready thanks to the very poor and less than transparent handling of the cashless fare payments for Public Service Vehicles (PSV’s).

If digital migration switch-off of analogue TV signal could go to the Supreme Court, then the architects behind the so-called #My1963 fraud must not celebrate just yet. Why?

READ more @
http://www.cofek.co.ke/index.php/14-news/872-7-reasons-why-cofek-will-fight-to-stop-the-my1963-psv-s-cashless-payment-fraud
--------
walu.

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