Visa is introducing mobile payments for developing countries to examine user experience and adoption. The document discusses Visa's history from closed loop networks in the 1950s-60s to open networks today. It also outlines Visa's plans to leverage mobile wallets and prepaid accounts to increase financial inclusion in developing markets while enhancing the consumer payment experience in developed countries.
Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...NAFCU Services Corporation
The retail financial services market is in a transformative period where new stakeholders and business models are reshaping the industry. Credit unions still have the opportunity for retention and growth, but must continue to compete. In this presentation, you will get an in-depth look at key market dynamics, including evolving financial services models and regulatory impact; learn about emerging strategies and their impact to credit unions, including EMV, prepaid, and mobile; and find out how to prepare for the future.
Rising Above Uncertainty: Opportunities and Challenges for Credit Unions in P...NAFCU Services Corporation
The retail financial services market is in a transformative period where new stakeholders and business models are reshaping the industry. Credit unions still have the opportunity for retention and growth, but must continue to compete. In this presentation, you will get an in-depth look at key market dynamics, including evolving financial services models and regulatory impact; learn about emerging strategies and their impact to credit unions, including EMV, prepaid, and mobile; and find out how to prepare for the future.
With technology based solutions seen as key to achieving financial inclusion, the role of e-money becomes important in reaching out to the unbanked masses. While regulatory space in India has been slowing opening up to allow non-banks to act as e-money issuers and prudential norms are in place, regulatory concerns remain regarding the safety of customer funds and the potential impact of e-money on monetary aggregates. The regulator’s dilemma, as described by David Porteous, is whether or not to implement measures that may hinder expansion of access to nonusers in the interest of greater protection for those who already have access, and it is for each country to evolve models and practices appropriate to their economy. It is however instructive to absorb lessons from international experiences that exemplify how regulations can evolve to meet the challenges involved in non-bank e-money issuers, all with the aim of bringing about universal financial inclusion.
Online Payment Services and the Role of BanksPaymentAsia
Payment service providers represent an essential link in the global financial chain. However, most consumers never give them a second thought. Payment service providers connect merchants to the broader financial system so that they can accept debit and credit card payments from their customers.
This presentation is an overview of my past professional and academic experience in the banking industry with regards to controlling and finance functions in various divisions from 2008 to 2010.The topics mentioned here all purely based on my experience and knowledge of how the retail banking functions, what are its main activities, tools and techniques and what I learnt from their implementation in day to day working life during my tenure in the retail banking area as an Analyst/Branch officer
CoinLifestyle and Digital Currency 101 Tutorial by Amazon best Selling Author...CrowdNetworking, Inc
CoinLifestyle and Digital Currency 101 Tutorial by Amazon best Selling Author Tom McMurrain - The 7th Disruption of Digital Currency has begun and people are cashing in on the cryptocurrency land rush.
Mobile paymentmethodbased on public keyIJCNCJournal
Mobile payment is defined as mobile money, which is considered as an attractive alternative for cash,
cheque, or credit. In this paper we propose a new secure mobile paymentmethod. This method is
summarized in three processes: firstly, the authentication process, which involves the authentication phases
for the applied customers. Secondly, the member recognition process which tests and ensures the customer
membership by the market server. Finally, payment processwhich will be done by ciphering the customer
information using public-key encryption cryptosystem (RSA), to be submitted over an insecure network to
the market server. Actually, this mobile payment methodis more efficient than otherpayment methods since
the customer can pay from his/her own mobilephone without any extra cost and effort. The RSA public-key
encryption system ensures the security of the proposed method. However, to prevent a brute force attack,
the choice of the key size becomes crucial.
Sarah Rotman of CGAP was kind enough to present on the basics of branchless banking to NetHope's Payment Innovations Working Group in March 2012, which is open to all NetHope members. Please contact hamilton.mcnutt@nethope.org for more information.
Key challenges on Digital Financial Services for MFIsSimon Priollaud
101 on Digital Financial services
Key challenges on Digital Financial Services, Mobile Banking, Branchless Banking, Agent Banking
Roadmap to enter the market
Technical Report of ITU-T Focus Group - Digital Financial Services on B2B and the DFS Ecosystem
The authors of this technical report are Bennett Gordon, Erin McCune, Allen Weinberg, Carol Coye
Benson, Janine Firpo, and Quang Nguyen.
In this report, we examine the impact of electronic B2B payments on the development of the DFSs
ecosystem in developing countries. We look at the requirements of businesses, at the benefits of using
electronic payments, and the trends affecting this market. In a section called “Second Order Benefits”,
we look at how the use of electronic B2B payments may accelerate the adoption of eMoney and
electronic payments in general. We conclude with recognizing some of the barriers to adoption of
B2B payments, and outlining some considerations for policy makers.
With technology based solutions seen as key to achieving financial inclusion, the role of e-money becomes important in reaching out to the unbanked masses. While regulatory space in India has been slowing opening up to allow non-banks to act as e-money issuers and prudential norms are in place, regulatory concerns remain regarding the safety of customer funds and the potential impact of e-money on monetary aggregates. The regulator’s dilemma, as described by David Porteous, is whether or not to implement measures that may hinder expansion of access to nonusers in the interest of greater protection for those who already have access, and it is for each country to evolve models and practices appropriate to their economy. It is however instructive to absorb lessons from international experiences that exemplify how regulations can evolve to meet the challenges involved in non-bank e-money issuers, all with the aim of bringing about universal financial inclusion.
Online Payment Services and the Role of BanksPaymentAsia
Payment service providers represent an essential link in the global financial chain. However, most consumers never give them a second thought. Payment service providers connect merchants to the broader financial system so that they can accept debit and credit card payments from their customers.
This presentation is an overview of my past professional and academic experience in the banking industry with regards to controlling and finance functions in various divisions from 2008 to 2010.The topics mentioned here all purely based on my experience and knowledge of how the retail banking functions, what are its main activities, tools and techniques and what I learnt from their implementation in day to day working life during my tenure in the retail banking area as an Analyst/Branch officer
CoinLifestyle and Digital Currency 101 Tutorial by Amazon best Selling Author...CrowdNetworking, Inc
CoinLifestyle and Digital Currency 101 Tutorial by Amazon best Selling Author Tom McMurrain - The 7th Disruption of Digital Currency has begun and people are cashing in on the cryptocurrency land rush.
Mobile paymentmethodbased on public keyIJCNCJournal
Mobile payment is defined as mobile money, which is considered as an attractive alternative for cash,
cheque, or credit. In this paper we propose a new secure mobile paymentmethod. This method is
summarized in three processes: firstly, the authentication process, which involves the authentication phases
for the applied customers. Secondly, the member recognition process which tests and ensures the customer
membership by the market server. Finally, payment processwhich will be done by ciphering the customer
information using public-key encryption cryptosystem (RSA), to be submitted over an insecure network to
the market server. Actually, this mobile payment methodis more efficient than otherpayment methods since
the customer can pay from his/her own mobilephone without any extra cost and effort. The RSA public-key
encryption system ensures the security of the proposed method. However, to prevent a brute force attack,
the choice of the key size becomes crucial.
Sarah Rotman of CGAP was kind enough to present on the basics of branchless banking to NetHope's Payment Innovations Working Group in March 2012, which is open to all NetHope members. Please contact hamilton.mcnutt@nethope.org for more information.
Key challenges on Digital Financial Services for MFIsSimon Priollaud
101 on Digital Financial services
Key challenges on Digital Financial Services, Mobile Banking, Branchless Banking, Agent Banking
Roadmap to enter the market
Technical Report of ITU-T Focus Group - Digital Financial Services on B2B and the DFS Ecosystem
The authors of this technical report are Bennett Gordon, Erin McCune, Allen Weinberg, Carol Coye
Benson, Janine Firpo, and Quang Nguyen.
In this report, we examine the impact of electronic B2B payments on the development of the DFSs
ecosystem in developing countries. We look at the requirements of businesses, at the benefits of using
electronic payments, and the trends affecting this market. In a section called “Second Order Benefits”,
we look at how the use of electronic B2B payments may accelerate the adoption of eMoney and
electronic payments in general. We conclude with recognizing some of the barriers to adoption of
B2B payments, and outlining some considerations for policy makers.
etailment WIEN 2015 – David Dechamps (MasterCard) “Die Welt des Bezahlens”Werbeplanung.at Summit
Vortrag in Englisch von David Dechamps, er verantwortet bei MasterCard Europe den Bereich „Emerging Payments“ und damit u.a. alle wesentlichen Innovationen rund um Kartenzahlungen im e- und m-Commerce, z.B. MasterPass, Maestro eCommerce, NFC und Apple Pay.
Immer neue digitale Zahlungsmöglichkeiten drängen auf den Markt. Stellt sich die Frage, welche Innovationen besonders zukunftsträchtig sind. Wie bereiten sich die Handelsunternehmen diesbezüglich auf die Zukunft vor und was gilt es für die Händler zu beachten?
Case Study: MasterCard Today: Building Connections through Social Media
Presented by: Jim Issokson, Senior Business Leader, Reputation and Issue Management, MasterCard Worldwide & Elizabeth Birenbaum, Vice President, US Digital Marketing, MasterCard Worldwide
www.bdionline.com
This presentation will cover how MasterCard is leveraging social media to drive brand engagement, loyalty and corporate reputation.
As mobile payments rapidly become the norm, you need to stay on top of trends. Vantiv interviewed 35 top executives at financial institutions and tier1 merchants. Then, they compared responses with consumers' outlooks on mobile. Vantiv's research revealed significant gaps – as well as opportunities. These compelling results were compiled in a new webinar – giving you the mobile insight you need to lead your business to the next level. Fore more info: www.nafcu.org/vantiv
How Leading Financial Services Organizations Gain Competitive Edge With Inter...ibi
This presentation summarizes how leading financial services organizations have become more competitive by delivering interactive analytics to their customers.
Attaching a Concept Note on a Payments-related Entrepreneurial Idea I had 4 years ago when I was in India. Although a lot has since changed, some trends forecast in the concept note have actually become reality - especially the emergence of Co-operative Banks as a crucial channel for reaching underbanked & unbanked population in the rural areas. Thus, the material may still be somewhat pertinent today. Opening it up for any entrepreneur or Entity interested in the Payments area, especially in India- with possible applications in other Emerging economies as well. Enjoy and feel free to re-use
This is a presentation by Bizuneh Bekele, ePayment and FinTech Development Consultant, DigiFinance Africa, at the 3rd Annual East Africa Finance Summit
DigiPay began its journey in the year of 2019
under the umbrella of Peerbits, a leading mobile
application development company. DigiPay has
come up with several digital financial solutions
such as Mobile Money, Agency Banking,
Automated Fuel Solution, Parking Solution, etc.
121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Unleashing the...
121010_Mobile Banking & Payments for Emerging Asia Summit 2012_Introducing Visa Mobile Payments for Developing Countries
1. Introducing
Visa Mobile
Payments for
Developing Countries
Examining User Experience and Its Impact on
Adoption & Usage of Mobile Channels – Visa
Mobile for Developing Countries
Mobile Banking & Payments for Emerging Asia Summit 2012 Prepaid and Emerging Markets | April 2012
2. Forward-Looking Statements
• These materials and discussion of them may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. These statements can be identified by the terms “anticipate,” "believe," "continue," "could," "estimate," "expect," "intend," "may,"
"potential," "project," "should," "will" and other similar references to the future.
• Examples of such forward-looking statements may include, but are not limited to, statements we make about our response to the recent U.S. financial
regulatory reform legislation, the effect of developments in regulatory and government investigations, our future strategic plans and goals, our pricing
strategies, our data processing revenues, the number of transactions we process, our belief that there will be a global secular shift to electronic
payments and our growth in that category, increased consumer and commercial spending, our liquidity needs and our ability to meet them, and our
online payment, fraud and security management capabilities.
• By their nature, forward-looking statements: (i) speak only as of the date they are made, (ii) are neither statements of historical fact nor guarantees of
future performance and (iii) are subject to risks, uncertainties, assumptions and changes in circumstances that are difficult to predict or quantify.
Therefore, actual results could differ materially and adversely from those forward-looking statements because of a variety of factors, including the
following:
• The impact of the U.S. Wall Street Reform and Consumer Protection Act, including: its effect on issuers' and retailers' network selection for debit
transactions; its effect on our financial institution customers and on debit interchange rates; its effect on other product categories, such as credit; and
the adoption of similar and related laws and regulations elsewhere;
• Developments in current or future disputes, including: interchange; currency conversion; and tax;
• Macroeconomic and industry factors such as: currency exchange rates; global economic, political, health and other conditions; competitive pressure
on customer pricing and in the payments industry generally; material changes in our customers' performance compared to our estimates; and
disintermediation from the payments value stream through government actions or bilateral agreements;
• Systemic developments, such as: disruption of our transaction processing systems or the inability to process transactions efficiently; account data
breaches involving card data stored by us or third parties; increased fraudulent and other illegal activity involving our cards; failure to maintain
interoperability between our and Visa Europe's authorization and clearing and settlement systems; loss of organizational effectiveness or key
employees; changes in accounting rules or treatment; and
• The other factors discussed under the heading "Risk Factors" herein and in our most recent Annual Report on Form 10-K and our most recent
Quarterly Reports on Form 10-Q.
• You should not place undue reliance on such statements. Unless required to do so by law, we do not intend to update or revise any forward-looking
statement, because of new information or future developments or otherwise.
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 2
3. What Is Visa?
We are a payments technology company
that helps power the global economy
1.85B
We Are… Visa Cards5
• Global payments technology
company and enabler 15,700
1.8M
• Transaction-processing ATMs3
Financial
Institution
network that connects Customers
Visa Inc.
cardholders, merchants operates the
and financial institutions world’s
largest retail
electronic
payments
network1
What We Are Not… $3.3T
$5.2T
• Credit card issuer Total Volume2
Payments
Volume
• Lender
• Exposed to consumer 71B
credit risk Total
Transactions4
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 3
4. Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 4
5. Snapshot America – circa 1958-1959
Financial Account Acceptance
Sources: Electronic Value Exchange – Origins of the VISA Electronic Payment System by David L. Stearns; The Power of an Idea by Paul Chutkow
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 5
6. US Credit Card Market: 1958-1966
1958-1959 1960-1966
Bank AmeriCard and Only 10 more
30 other closed-loop closed-loop
programs launched programs added
45
# of bank-led credit card programs (USA)
40
35
30
25
20
15
10
5
0
1958 1959 1960 1961 1962 1963 1964 1965 1966
Year
Sources: Electronic Value Exchange – Origins of the VISA Electronic Payment System by David L. Stearns; The Power of an Idea by Paul Chutkow
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 6
7. Three years later…
3 More Years
1400
# of bank-led credit card programs (USA)
1,207
1200
1000
1958-1959
800 BofA + 30 more
600 1960-1966
Just 10 more 481
400
200
0
1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969
Year
?
Sources: Electronic Value Exchange – Origins of the VISA Electronic Payment System by David L. Stearns; The Power of an Idea by Paul Chutkow
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 7
8. 1966: from closed to open networks
Financial Account Acceptance
Shared
Networks
Sources: Electronic Value Exchange – Origins of the VISA Electronic Payment System by David L. Stearns; The Power of an Idea by Paul Chutkow
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 8
9. Emerging markets and inclusive finance
What’s different
• Technology
• Regulation
• Partners
• Applications
What’s not
• The power of shared networks
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 9
10. Déjà vu?
Financial Account Acceptance
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 10
11. Economies of scale through interoperability
Financial Account Acceptance
Shared
Network
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 11
12. Visa is a Network Business
• Banks and Mobile Network
Operators come from the same
DNA. Both run network
businesses – one moving
dollars and cents, the other
voice and data.
• Visa connects the world
through digital currency and
financial services
• Visa continues to innovate
globally and lead in payments
and payment solutions whilst
working with many partners in
the global eco-system
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 12
13. Convergence of
Networks
Mobile Credit
Web Debit
Social Prepaid
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 13
14. Serving Consumers in Developed and
Developing Countries
Mature Countries
Enhances consumer payment experience,
offers consumers more control and a way
to better manage financial accounts.
Developing Countries
For billions of people considered
unbanked, simplify access to financial
services, bring more security and global
reach to daily financial transactions
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 14
15. Developed Countries: Next Generation
Payment Solutions
Sophisticated, Cross-Channel Digital Wallet
• “Mobilize” existing Visa accounts
*
• Extend mobile banking to payments
• Enhance consumer payment experience
• Enable consumer control
• Offer new transaction types
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 15
16. Developing Countries: Next Generation
Payments Solutions
A Mobile Wallet for Developing Markets
• Increase financial inclusion for millions of
unbanked
• Visa virtual prepaid as onramp to financial
services
• Drive global interoperability, scalability and security
• Enable consumer control
• Offer new payment types
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 16
17. From Closed to
Open Loop…. New Payment
Functionality
• 15K financial
institutions
• eCommerce Mobile Stored
• Millions of
Value Account merchants
• International
remittances • 1.9 billion Visa
Perso accounts
• ATM & EDC Closed- n-to-
Loop Perso
Withdrawals Global Mobile n
Interoper- Prepaid Security
ability
Cash-in / Agent
• 200 countries out Network
• Real-time risk
• 175 currencies scoring
• 20,000 transaction • Fraud and dispute
messages p/sec. Scalability
management
• Multiple security
layers
Mobile Money APAC 2012, Singapore, 30th January
Mobile Banking & Payments for Emerging Asia Summit
Visa Mobile Prepaid and Emerging Markets | April 2012 2012 Prepaid and Emerging Markets | April 2012
Visa Confidential 17
2012
18. Terima Kasih!
sbreen@visa.com
Mobile Banking & Payments for Emerging Asia Summit 2012 Prepaid and Emerging Markets | April 2012