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Open Money in the Networked Society

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Open Money in the Networked Society

  1. 1. This document is offered compliments of BSP Media Group. www.bspmediagroup.com All rights reserved.
  2. 2. Open money in the networked society
  3. 3. Ericsson in africa since 1896 Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 2
  4. 4. Our vision of the networked society › 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 Why should money be any different? Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 3
  5. 5. ..as easy as texting Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 4
  6. 6. Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 5
  7. 7. High level of trust… …in Operators… – Reliable and Technologically adept – Personal and available to everybody …but lack of trust in the service – 44% of non-users believe it’s insecure Banks also perceived as trustworthy, but troublesome to visit and expensive to use Source: Ericsson ConsumerLab Analytical platform 2012 & Ericsson ConsumerLab M-Commerce in Sub Saharan Africa, Consumer Insight Report 2012 Base: THOSE WHO DON’T BANK or WOULD NOT LIKE TO BANK VIA MOBILE Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 6
  8. 8. › Source: Ericsson ConsumerLab M-Commerce in Sub Saharan Africa, Consumer Insight Report 2012 Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 7
  9. 9. Cost by channel › Costly traditional banking channels › Declining Return on Investments for Branches › Mobile “The Most” economical and cheap › Leverage on Mobile Technology? Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 8
  10. 10. Getting the basics right at a lower cost base Education about functionality and security Enterprise grade Platforms that bring security, scalability and flexibility Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 9
  11. 11. building the open money network SWIFT (financial industry) Money transfer Internet companies CONNECTING THE ECOSYSTEMS Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 10 Emerging Market Mobile wallets
  12. 12. Partnerships will be key REGULATORY FRAMEWORK Agent Network Consumer Base Brand SIMPLE BANKING, P2P, PAYMENT SERVICES Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 11
  13. 13. Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 12
  14. 14. The new fundamentals The value of trust The value of inclusion The value of connectivity Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 13
  15. 15. It’s time for Money to Change When money is open, the way we send, spend, and receive money will change forever. Open Money in Networked Society | Ericsson Internal | 2013-11-07 | Page 14

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