Your SlideShare is downloading. ×
Mobile Payments revolution
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Mobile Payments revolution

1,729

Published on

Presentation at 2nd Annual Mobile Application Development Conference @ Bangalore, India

Presentation at 2nd Annual Mobile Application Development Conference @ Bangalore, India

Published in: Technology, Economy & Finance
0 Comments
3 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,729
On Slideshare
0
From Embeds
0
Number of Embeds
6
Actions
Shares
0
Downloads
123
Comments
0
Likes
3
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • Barcodes are used for two purposes: generating communication for payment and loading prepaid gift cards into wallet.
  • Build and maintain a secure networkMaintain vulnerability management programImplement strong access control measuresProtect cardholder dataRegularly test and monitor networksMaintain an InfoSec policy
  • The way consumers are shopping is changing. The adoption of smart phones are allowing consumers to control how, when, and where they shop. Consumers have more leverage.
  • Transcript

    • 1. The Mobile Payments Revolution Pragati Ogal Rai Chief Technology Evangelist, PayPal @pragatiogal
    • 2. Technology + People = Technology Engagement 14+ development experience Author of “Android Application Security Essentials” Mobile & security expert Thought Leader Mobile Developer Relations, North America
    • 3. A Revolution?
    • 4. Founded in 1998, PayPal allows payments and money transfers through the Internet
    • 5. Logos! PayPal processed $14 billion in mobile payment volume in 2012 – more than 3 times the mobile payment volume of $4 billion it processed in 2011. In 2012, eBay generated $13 billion through mobile devices, an overall increase of 120% from 2011. eBay expects to transact $20 billion in 2013.
    • 6. On Black Friday and Cyber Monday mobile commerce volume via eBay mobile in the U.S. more than doubled in 2012 compared to 2011. http://www.digitaltrends.com/
    • 7. M-payments is a Global Phenomenon In Q4 2012, 60% of eBay’s mobile purchases came from outside the U.S www.centives.net PayPal’s international business accounted for more than half of total revenue in 2012
    • 8. Why?
    • 9. Global Social Mobile Local Digital Service & delivery Six Trends Shaping Consumer Behavior
    • 10. Consumer Behavior is Changing Commerce Promotions & coupons Mobile commerce Payments Location-based services In-store research Self-scanning & self-checkout Social commerce Loyalty Mobile shopping lists
    • 11. Connected Commerce Promotions & coupons Mobile commerce Payments Store location In-store research Self-scanning & self-checkout Social CommerceLoyalty Mobile shopping lists Online commerce Mail order Offline commerce
    • 12. A Closer Look
    • 13. Infrastructure Clients Merchants Mobile Payments Ecosystem S e c u r i t y
    • 14. What are Mobile Payments? • Consumer uses a mobile device • Merchant uses a mobile device • Both consumer & merchant use a mobile device How do you define mobile payments?
    • 15. Remote Mobile Payments • Send and request money • SMS based payments • Mobile banking • Application/ Browser based payments • Carrier Billing Fahad.com
    • 16. Proximity Mobile Payments • Barcode Scanning • Point of Sale • NFC • Bluetooth • RFID • Accelerometer Wikepedia.org
    • 17. Your Definition of Mobile Payments What does a Merchant want? • Quick, easy, hassle free • Security compliance • Fraud prevention systems • Current and up to date system • Reliable • Pricing What does a Consumer want? • Fast • Secure • Easy • Choice of payment providers
    • 18. Challenges?
    • 19. Diverse & Evolving Mobile Ecosystem Wireless Networks S e c u r i t y Developers Carriers OS VendorsOEMs Services & Infrastructure
    • 20. Diverse & Evolving Payments Ecosystem payfirma.com
    • 21. Security Issues Device security Privacy Fraud & Risk Authentication Authorization Evolving Standards http://mollythewally.blogspot.com/
    • 22. http://mollythewally.blogspot.com/ Device security Privacy Fraud & Risk Authentication Authorization Evolving Standards
    • 23. Security Issues • Device security • Privacy • Fraud & Risk • Client-merchant authentication • Client authorization • Evolving standards
    • 24. Side-effects
    • 25. Increased Collaboration among Mobile Payment Stakeholders
    • 26. M-payments is Spurring Innovation http://pritamkabe.wordpress.com M-pesa Chipknip GeldKarte Royal Canadian Mint
    • 27. Improvements in Payment Security • Consumer awareness • Improved device security • Newer authentication techniques • Evolving security standards like PCI Security Standards
    • 28. PCI Standard Council • Independent organization • Develop common set of payment standards – PCI-DSS v2.0 – PCA-DSS – PCI-PTN – PCI-P2PE
    • 29. Innovation in Hardware Space http://gadgetian.com/44495/google-lg-nexus-4-4g-lte-chip-inside-ifixit/
    • 30. TrustZone: Trusted Execution Environment www.arm.com • Two domains: Normal & Secure • Implemented as SoC • Security extensions to processor • Trusted OS • Virtualization
    • 31. Mobile brings New Use Cases Promotions & coupons Location-based services In-store research Self-scanning & self-checkout Global Social Commerce Loyalty Online Commerce Mobile Wallet Shopping Lists
    • 32. Changing Form of Payments • Money becomes more abstract • Digital goods • Anonymous payments: Bitcoin Less cash society Cashless society
    • 33. Future Predictions! "We expect global mobile transaction volume and value to average 42 percent annual growth between 2011 and 2016, and we are forecasting a market worth $617 billion with 448 million users by 2016," Sandy Shen, research director at Gartner, May 2012
    • 34. Summary • Mobile payments is a global phenomenon • Define what mobile means to your business • Think beyond the hype • Security, trust, and safety is of paramount importance
    • 35. Pragati.Rai@paypal.com http://www.slideshare.net/pragatiogal Thank you!

    ×