Effect of Cross Border Remittances Technology On Strategic Implementation of Vision 2030 In Kenya

Abstract

Organizations’ meet many challenges in the strategy implementation process, including use of remittances technologies. This study sought to assess the effect of cross border remittances technology on the strategic implementation of vision 2030 I n Kenya. The study was guided by the open systems theory. The study adopted a descriptive research design. The target population comprised of the management staff working at the Department of Immigration Services, staff in the remittances department of the CBK and banks with diaspora banking departments and the vision 2030 senior staff, and senior officers in the ministry of planning who are charged with diaspora remittances in line with the vision 2030 blue print, from which a sample size of 119 was used. A questionnaire was used to collect data from the respondents. Descriptive statistics such as means, standard deviations, frequency counts and percentages were used to analyse quantitative data, which was presented using tables. Correlation and regression analysis was conducted to test for relationships between the dependent variable and independent variable. The correlation results showed that cross border remittances technology had a significant and positive relationship on the strategic implementation of vision 2030 in Kenya, as all the p value was lower than 0.05 (r =0.802, p = .000). Regression analysis results also indicated that cross border remittances technology had a significant and positive relationship with the strategic implementation of vision 2030 in Kenya (R2 = .643, p = .000). The study recommends that other comprehensive innovative money transfer systems should be put in place so as to increase the remittance transactions.