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AGENDA M-Payments - Preface About BMS Some key concepts Stakeholders in M-payments The payment system The technology behind m-payments The classification Opportunities Challenges Key Factors for Success The Indian Scenario Conclusion

M-Payments - Preface

About BMS

Some key concepts

Stakeholders in M-payments

The payment system

The technology behind m-payments

The classification

Opportunities

Challenges

Key Factors for Success

The Indian Scenario

Conclusion

Preface What is Mobile Payments ? User demand creating exciting opportunities for m-payment companies Estimated market size of 22 billion USD in next 3 years worldwide Ease of use, security and pricing will determine the road ahead

What is Mobile Payments ?

User demand creating exciting opportunities for m-payment companies

Estimated market size of 22 billion USD in next 3 years worldwide

Ease of use, security and pricing will determine the road ahead

About BMS It is an India based software development organization It has been working closely on developing Mobile applications and IT related healthcare solutions In order to gain a foothold in the market, it is closely observing the m-payment market They feel that the future lies in a technology platform whereby m-payment is highly secure and can support a wide range of mobile devices

It is an India based software development organization

It has been working closely on developing Mobile applications and IT related healthcare solutions

In order to gain a foothold in the market, it is closely observing the m-payment market

They feel that the future lies in a technology platform whereby m-payment is highly secure and can support a wide range of mobile devices

Some key concepts Mobile Remote Payment It covers payments that take place online, in which the mobile phone is used as a device to authenticate personal information stored remotely Mobile Proximity Payment It refers generally to contactless payments in which the payment credential is stored in the mobile and is exchanged over the air, based on NFC technology, with a dedicated and compatible payment terminal. Near Field Communication It is a short-range radio frequency communication technology that enables NFC devices located no more than a few centimeters from each other to exchange data. NFC devices are totally compatible with existing contactless technologies like smart cards and contactless stickers.

Mobile Remote Payment

It covers payments that take place online, in which the mobile phone is used as a device to authenticate personal information stored remotely

Mobile Proximity Payment

It refers generally to contactless payments in which the payment credential is stored in the mobile and is exchanged over the air, based on NFC technology, with a dedicated and compatible payment terminal.

Near Field Communication

It is a short-range radio frequency communication technology that enables NFC devices located no more than a few centimeters from each other to exchange data. NFC devices are totally compatible with existing contactless technologies like smart cards and contactless stickers.

Mobile Payments - Stakeholders

The M-Payment System Mobile Device Content Provider Payment Service Provider

The Technology behind M-payments Contactless payment readers Network connecting them to transaction processors NFC-equipped phones Network for providing mobiles with personal account information Software for mobile device UI and back end server application

Contactless payment readers

Network connecting them to transaction processors

NFC-equipped phones

Network for providing mobiles with personal account information

Software for mobile device UI and back end server application

Classification M-payments can be classified into four broad categories depending on their functionality; Transaction type Transaction Settlement type Content type Content value

M-payments can be classified into four broad categories depending on their functionality;

Transaction type

Transaction Settlement type

Content type

Content value

Opportunities Penetration Size and growth rate of the mobile market is the key driver of mobile services Demographics India, having largest young population and a high amount of disposable income, plays a key role Infrastructure The capabilities of handsets easily support latest services and applications

Penetration

Size and growth rate of the mobile market is the key driver of mobile services

Demographics

India, having largest young population and a high amount of disposable income, plays a key role

Infrastructure

The capabilities of handsets easily support latest services and applications

Challenges Lack of technology standards Regulatory bodies Business Models Security aspects Consumer Awareness

Lack of technology standards

Regulatory bodies

Business Models

Security aspects

Consumer Awareness

Key Factors for Success User convenience Security and Trust Registration and Activation process Local level standardization Communication and marketing efforts

User convenience

Security and Trust

Registration and Activation process

Local level standardization

Communication and marketing efforts

The Indian Scenario Currently registered no. of m-payment users is close to 3.5 million users 2 types of payment systems are in use at present; Text/SMS based service – Paymate, mChek, Obopay GPRS based service – JiGrahak In next 3 years, the number is expected to grow to 9 million users due to increase in quality and adoption of handsets

Currently registered no. of m-payment users is close to 3.5 million users

2 types of payment systems are in use at present;

Text/SMS based service – Paymate, mChek, Obopay

GPRS based service – JiGrahak

In next 3 years, the number is expected to grow to 9 million users due to increase in quality and adoption of handsets

Conclusion Mobile payment has not been adopted on a scale large enough to make it viable, but it will arrive when the handset, network operator and vendor infrastructure is in place Much work is still to be done in the areas of wireless network security, standardization of protocols, and user interface design Mobile payments has opened up opportunities for several types of industry players like mobile operators, IT companies and banks

Mobile payment has not been adopted on a scale large enough to make it viable, but it will arrive when the handset, network operator and vendor infrastructure is in place

Much work is still to be done in the areas of wireless network security, standardization of protocols, and user interface design

Mobile payments has opened up opportunities for several types of industry players like mobile operators, IT companies and banks

CONTACT

CONTACT Feel free to contact us for any mobile applications development work Sudhakar Mishra VP- Sales & Marketing +91 –( 932) 615 6840 [email_address] www.binarymantrasystems.com