Open Money in the Networked Society

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Open Money in the Networked Society. Presented at @Money2020 in Las Vegas, NV on 10/8/2013 by Arun Bhikshesvaran, CMO, Ericsson.

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Open Money in the Networked Society

  1. 1. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 1 OPEn Money in the networked society Arun Bhikshesvaran, CMO, ericsson
  2. 2. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 2 This is Ericsson 135 years in the telecom market 180 countries 40% of the world’s mobile calls pass through our networks 110 000 employees 2 billion subscriptions charged and billed by our solutions To be the prime driver in an all- communicating world
  3. 3. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 3 Global presence 2 billion mobile subscriptions charged and billed by our solutions 12,000+ consulting and systems integration professionals 1 billion mobile users served by our provisioning solutions 400+ million users on IT platforms managed by Ericsson 1,200+ OSS/BSS software developers 600+ mobile operators with OSS solutions from Ericsson
  4. 4. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 4 ManagING the extreme › 50% of all global Smartphone traffic – Through Ericsson’s networks, 3G & 4G › Peak loads at extreme events – Superbowl 2013, Olympic Games London 2012, India Grand Prix 2012… › Manage large volumes of small, real- time transactions – Over 66 million users are charged and billed using Ericsson’s solutions in Claro Brazil network – For MTN Nigeria the same number is over 51 million SUPERBOWL 2013!
  5. 5. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 5 › We have a vision of 50 billion connected devices by 2020 › We do not just connect places and people but also machines and devices › Anything that benefits from being connected will be connected Our vision
  6. 6. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 6 Everything that benefits from being connected will be connected, why should money be any different? Every connected device will be a commerce device!
  7. 7. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 7 ..as easy as texting
  8. 8. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 8 to report a lost wallet Mobile = personal 26hours 68mins to report a lost phone! Source: Unisys
  9. 9. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 9 Operators - an ideal partner 24/7 ACCESS, ALWAYS ONLINE DIRECT RELATION- SHIP WITH ALL UNIQUE DATA FROM A CONSUMER’S LIFE CAPABILITY TO INTERACT DIRECTLY WITH CONSUMERS WHEN IT’S MOST VALUABLE
  10. 10. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 10 … can enable mobile financial services for more than 2B charging system users globally … is merging telco services with mobile financial services to form new types of end user offerings …opens up new types of cross-industry partnerships The core business platform….
  11. 11. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 11 building the open money network CONNECTING THE ECO SYSTEMS
  12. 12. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 12 The new fundamentals The value of trust The value of connectivity The value of inclusion
  13. 13. Money2020 | © Ericsson AB 2013 | 2013-10-08 | Page 13 Open money The way we send, spend, and receive money is about to change forever. www.ericsson.com/openmoney @EricssonMcomm

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