The Future of Banking


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hSenid's Mobile banking and Mobile Payment solution for the future of banking.

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The Future of Banking

  1. 1. Next Generation Banking and Payment Platforms
  2. 2. Internet and Mobile Penetration Source: international Telecommunication Union Subscribers in Millions
  3. 3. <ul><li>Number of annual mobile banking transactions is expected to grow from 2.7 billion in 2007 to 37 billion by 2011 </li></ul><ul><li>Financial institutions are delivering more products and services through mobile phones. </li></ul><ul><li>Financial information , money transfers , bill payments , account management , and customer service . </li></ul><ul><li> </li></ul>Mobile Banking To Grow Tenfold!
  4. 4. The way we bank and pay have changed
  5. 5. Who Will Use Mobile Banking now and in the Years Ahead <ul><li>Resourceful </li></ul><ul><li>Creative </li></ul><ul><li>Efficient </li></ul><ul><li>Innovative </li></ul><ul><li>Will “buy” time if available </li></ul><ul><li>And mostly…..Tech Savvy </li></ul>
  6. 6. We are people on the GO!
  7. 7. We want it, when we want it!
  8. 8. Mostly, This is what we are…
  9. 9. What we don’t want….
  10. 10. We value…. <ul><li>Time and Convenience </li></ul><ul><li>Anytime, Anywhere Access to personal account information </li></ul><ul><li>Variety of channels </li></ul><ul><li>Multiple Options and Choices </li></ul>
  11. 11. Why Mobile Banking and Payments in Developing Nations?
  12. 12. Branchless Banking Bank the Un-Banked!
  13. 13. <ul><li>Banking transactions anywhere, anytime </li></ul><ul><li>No need to travel to distant bank branches </li></ul><ul><li>Mobile transactions cost less to process than a transaction at an ATM or branch </li></ul><ul><li>Banks can process low value transactions without incurring a loss </li></ul><ul><li>Governments and financial Institutes can offer and manage micro financing options </li></ul><ul><li>Source: </li></ul>Why Mobile Banking to the low income?
  14. 14. Mobile Banking A Virtual Bank in Every Customer’s Mobile Handset
  15. 15. <ul><li>Innovative </li></ul><ul><li>Personalized </li></ul><ul><li>Convenient </li></ul><ul><li>Secure </li></ul><ul><li>Location independent </li></ul><ul><li>Available 24 hours </li></ul>A Personal Bank in Every Customers Mobile Handset
  16. 16. Mobile Banking Benefits <ul><li>Bank Benefits </li></ul><ul><li>Additional channel to reach customers </li></ul><ul><li>Utilizing the existing banking infrastructure </li></ul><ul><li>Decrease in customer service cost </li></ul><ul><li>Reputation for being innovative </li></ul><ul><li>Competitive edge </li></ul><ul><li>New and effective channel for marketing </li></ul><ul><li>User Benefits </li></ul><ul><li>24 hour access </li></ul><ul><li>Location independency/Mobility </li></ul><ul><li>Rich graphical user interfaces </li></ul><ul><li>Highly secured </li></ul><ul><li>Easy installation process </li></ul><ul><li>Local information storing </li></ul>
  17. 17. Mobile Banking Benefits <ul><li>New marketing strategies based on customer database </li></ul><ul><li>Growth in network traffic </li></ul><ul><li>Increase in revenue </li></ul><ul><li>Efficient method of communication </li></ul><ul><li>Customer oriented </li></ul>Mobile Operator Benefits
  18. 18. Mobile Banking Channels mChoice TM Banking revolutionizing mobile banking solution offers air-time transfers via : <ul><li>SMS </li></ul><ul><li>J2ME </li></ul><ul><li>WAP </li></ul><ul><li>SIM Tool Kit </li></ul><ul><li>USSD </li></ul>
  19. 19. Banking Features <ul><li>Utility Bill Payments </li></ul><ul><li>Balance Inquiries </li></ul><ul><li>Statement Request </li></ul><ul><li>Mini Statements </li></ul><ul><li>Check Book Request </li></ul><ul><li>Check Realization & Cancellations </li></ul><ul><li>Credit Card Payments </li></ul><ul><li>Fund Transfers </li></ul><ul><li>Foreign Exchange </li></ul><ul><li>Local Data Storage </li></ul><ul><li>Mobile Wallet </li></ul><ul><li>End to End Security </li></ul>
  20. 20. End to End Payments <ul><li>More accessible than banks and more secure than cash </li></ul><ul><ul><li>enables mobile operators and Bank customers to offer a secure, easy-to-use and cost-effective counter payment system to their customers. </li></ul></ul>
  21. 21. <ul><li>2009 - 2013: Gross transaction value of mobile payments in Asia Pacific will reach $29.8 billion in 2013 </li></ul><ul><li>Source: IE Market Research Corp . </li></ul>APAC growth in Mobile Payments
  22. 22. <ul><li>The Philippines are the m-payment pioneers </li></ul><ul><li>Country's 28 million mobile users send 600 billion text messages each month </li></ul><ul><li>Cash electronic checks using mobile-phone-based cash remittance services </li></ul><ul><li>Mobile Wallet in practice! Source : </li></ul>Mobile Payments in Philippines
  23. 23. Mobile Payments is Here <ul><li>eBay announced the launch of Mobile Checkout with PayPal, which enables consumers make purchases via the mobile web. </li></ul><ul><li>In South Korea 45% of all music is sold directly to music phones </li></ul><ul><li>In Slovenia all vending machines, all taxis, all McDonald's restaurants accept payment by mobile. </li></ul><ul><li>In South Africa you can have your full paycheck sent on to your mobile phone. </li></ul>
  24. 24. Borderless Remittances
  25. 25. Payments Backend Merchant SOA Telco 1 Telco 2 Bank 1 Bank 2 Bank ‘n’ … Merchant 1 Merchant 2 Merchant ‘n’ Telco ‘n’ … Subscriber 1 Subscriber 2 Subscriber ‘n’ … …