Is interoperability a critical success factor in the continueddevelopment of mobile financial services (MFS) in specificma...
What is Interoperability? “The ability of a system to work with or use the      parts or equipment of other systems”      ...
Interoperability has been critical to the operations and efficiencyof many sectors                      Airlines and airpo...
Interoperability in Mobile Financial Services“The ability of an e-wallet platform to work with or use the parts   or equip...
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121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Panel: Is interoperability a critical success factor in the continued development of mobile financial services (MFS) in specific markets and world wide?

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121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Panel: Is interoperability a critical success factor in the continued development of mobile financial services (MFS) in specific markets and world wide?

  1. 1. Is interoperability a critical success factor in the continueddevelopment of mobile financial services (MFS) in specificmarkets and world wide?• Increased uptake• Increased usage• Reduced costs• More rapid expansion of new products and services 1
  2. 2. What is Interoperability? “The ability of a system to work with or use the parts or equipment of other systems” 2
  3. 3. Interoperability has been critical to the operations and efficiencyof many sectors Airlines and airports agree to handle the baggage of each others customers and have developed Airlines standards (airport codes and bar codes) and systems to facilitate flows Telephone operators work together to connect billions of users worldTelecommunications wide. Standardization enables access to networks from a range of devices. Agreements enable the initiation and termination of messages and the settlement of funds Standardized containers enableShipping Containers shippers to seamlessly move containers from ship to rail to truck 3
  4. 4. Interoperability in Mobile Financial Services“The ability of an e-wallet platform to work with or use the parts or equipment of telecommunications, financial services, and retail payments systems” 1. Platforms: Customers of one Three additions to CGAP’s categories: account can send money to 1. International Mobile Money customers of another Interconnection: Cross border 2. Agents: Agents of one service transactions between two e- serve customers of another wallets service 2. With Financial Institutions: e- 3. Customer: Customers can access wallet to bank account, etc their accounts through any SIM 3. With other Payment Networks: With Mastercard, Visa, etcSource: CGAP Interoperability and Related Issues in Branchless Banking, GSMA The case for interoperability: Assessing the value that theinterconnection of mobile money services would create for customers and operators 4

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