The Central Bank of Lesotho has engaged the South
African Bankers Services Company (BANKSERV) to
prepare the Business Analysis, Conceptual Design and
Business Specifications of the New Payment System in
Lesotho. This is phase 3 of the payment system
modernization project. The terms of reference for
the consultants were;
• To
produce a high level architecture of the current
payment system
• To produce a high level architecture of the
envisaged payment system – the conceptual design
• To identify strategies to be followed to achieve
the desired payment system
• To break down the strategies into implement-able
projects and
• To produce a business model of the new payment
system
The
objective of this assignment is to come up with a
conceptual design of the envisaged payment system
that will result in a safe, speedy, affordable,
accessible and efficient funds transfer system. It
is also intended to come up with strategies to be
followed to achieve the desired payment system.
In
order to kick-off the assignment, BANKSERV held a
one-day workshop recently for all stakeholders of
the LNPS– the Treasury Department, the Post Office,
Lesotho Electricity Corporation, Lesotho
Telecommunications Authority and Telecom Lesotho
including the Lesotho banking system. The workshop
discussed the project charter, which included
determination of the project scope, meeting
stakeholders and determining their roles and
responsibilities under phase 3 of the project. The
workshop also confirmed the project scope and
expectations amongst stakeholders, proposed format
of workshops, proposed methodology and logistics, as
well as finalised the project plan, and clarified
some issues and concerns.
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