Innovation in payments

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Introduction to Fintech: Innovation Opportunities in the Payments Space-
Despite the fact that many people perceive payments as commodity, the Payment industry has recently become one of the hottest innovation spaces for investors and entrepreneurs. This session will give an overview of the key stakeholders, opportunities and challenges for entrepreneurs who might consider taking up a venture in this space or simply expanding their knowledge around payments.

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Innovation in payments

  1. 1. Innovation Opportunities I n t h e P a y m e n t s S p a c e Noam Inbar, VP Business Development. Zooz
  2. 2. Agenda 1. Introduction to Payments 2. Innovation in Payments 3. Opportunities and Trends
  3. 3. Introduction to Payments 1
  4. 4. Payments: meet the players
  5. 5. 5. Merchant gets authorization, acquirer pays merchant Payment Transaction Flow 1. Cardholder makes purchase 2. Merchant sends transaction to processor 3. Acquirer submits transaction to issuing bank for payment 6. Issuing bank authorizes payment, acquirer is paid 7. Cardholder pays bank 4. Issuing bank bills cardholder Cardholder Issuer Merchant Acquirer
  6. 6. Traditional boundaries are blurring Offline world Mobile Online world
  7. 7. Mobile Commerce POS Mobile Wallet In app Mobile web NFC Cloud (web based) Carrier billing The Mobile Revolution
  8. 8. The world’s unbanked population Individual bank accounts2BN Mobile users globally 3.8BN Unbanked adults globally2.5BN Main driver for mobile payments growth:
  9. 9. Lets talk in dollars… Series 1 0 200 400 600 800 2009 2012 2015 Mobile Payment Volume ($BN) Mobile Payment Volume ($BN) 670B $ in 2015!
  10. 10. The Battle for Trust and Identity Social Identity Commerce Identity Mobile Identity
  11. 11. New World, New Needs Cross Border Multi Currency Trust Monitoring Expense management Added value Group buying Price comparison “wallet free”
  12. 12. Innovation in Payments 2
  13. 13. Square: Bringing payments to the “mom and pop stores”
  14. 14. Stripe: Payments for Developers
  15. 15. Paymill: Stripe for Europe
  16. 16. Dwolla: Cutting the Interchange fees
  17. 17. Coin: Aggregation of payment methods
  18. 18. Zooz: Unified Payments Engine
  19. 19. Opportunities and Trends 3
  20. 20. What’s next? • Trust & reputation • Cardless transactions- ATMs, Mobile Wallets • Self checkout • BRIC • Omni Channel • Global Commerce
  21. 21. noam@zooz.com linkedin.com/in/noaminbar@InbarNoam Questions?

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