By: Subhendu K Barik Mob:+91-9705037343 Email:Subhendu.barik@gmail.com
<ul><li>The worldwide mobile money user base will tip the   billion   mark in five years, from 45-55 million now* </li></u...
<ul><li>For mobile network operators this means an extra  $5 billion  per year direct revenues from service fees on such t...
<ul><li>The mobile phone with a penetration of  60 %  of the population is now officially ubiquitous </li></ul><ul><li>A f...
<ul><li>In emerging economies like India, traditional retail channel dependency will skip the traditional teller, branch a...
<ul><li>telecom companies and their innate ability to offer a triple combo of low-cost mobile phones, 3G rollout and compe...
<ul><li>Importantly, a gateway for a whole range of sachet-type financial services needs to be accessed — remittance,  ove...
<ul><li>Banks can and should issue their own branded or co-badged e-wallets. These can be topped up via net banking or cre...
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Eve Of Mcomerce

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A view of the potential of mobile apart from communication device......

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Eve Of Mcomerce

  1. 1. By: Subhendu K Barik Mob:+91-9705037343 Email:Subhendu.barik@gmail.com
  2. 2. <ul><li>The worldwide mobile money user base will tip the billion mark in five years, from 45-55 million now* </li></ul><ul><li>Value wise, it is expected to cross $379 billion in three years** </li></ul><ul><li>Add domestic and international money transfers and the total could be $1 trillion </li></ul>
  3. 3. <ul><li>For mobile network operators this means an extra $5 billion per year direct revenues from service fees on such transactions </li></ul><ul><li>Additional $3 billion from indirect revenue from reduced churn and higher ARPUs </li></ul>
  4. 4. <ul><li>The mobile phone with a penetration of 60 % of the population is now officially ubiquitous </li></ul><ul><li>A few years there will be a billion mobile users in India— far more than the Doordarshan, cable & satellite, internet, print and radio universe combined </li></ul><ul><li>Cater to everyday communication, information, networking, entertainment and financial services needs </li></ul><ul><li>More than 40 banks already have some form of mobile financial service offered to their customer base which provides a readymade base of 100-million plus </li></ul>
  5. 5. <ul><li>In emerging economies like India, traditional retail channel dependency will skip the traditional teller, branch and internet and telephone channels, directly to mobile — not just to leverage the penetration of the mobile but on account of the favorable economics for service delivery of this channel over all others </li></ul><ul><li>The economics of the mobile phone to deliver a financial service is a 10th that of the next most efficient channel– the internet – and potentially a 100th of going to the bank or using a teller service </li></ul><ul><li>-Economist </li></ul>
  6. 6. <ul><li>telecom companies and their innate ability to offer a triple combo of low-cost mobile phones, 3G rollout and competitive pressures in data plans </li></ul><ul><li>Banks and solution providers (aggregators) will need to ease the overall customer experience. This means intuitive navigation, minimal keystrokes and screens matched to relevant benefits— remittance, savings, credit, repayments, recovery and so on. To reduce the mental barrier towards adopting something new, they will need to incentivize consumers. </li></ul>
  7. 7. <ul><li>Importantly, a gateway for a whole range of sachet-type financial services needs to be accessed — remittance, overdraft, micro credit, pension, micro loan, micro overdraft, micro insurance, mutual funds, NREGA and so on </li></ul><ul><li>If there are many touch points at which people use their mobile phone to make payments or transfer then the network externalities are obvious </li></ul>
  8. 8. <ul><li>Banks can and should issue their own branded or co-badged e-wallets. These can be topped up via net banking or credit card or even ATMs </li></ul><ul><li>e-money innovations are platform-centric server-based e money, which are pre-funded personalized accounts or linked to an account, wherein the credit and debits lie virtually on a server </li></ul>
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