The document discusses various forms of electronic payments including credit cards, debit cards, electronic funds transfer, electronic checks, and cash cards. It provides details on popular e-payment platforms in Pakistan like Mobilink Genie, UBL Omni, and Easy Paisa. The main advantages of electronic cash are that it can be more efficient and lead to lower prices due to reduced transaction costs. However, disadvantages include lack of tax trail and increased risk of money laundering and forgery.

1. eCash
Junaid Zamir
(SP10-mm-0040)

2. eCash - eBanking
Agenda
• Overview
• Credit / Debit cards
• Eletronic Funds Tranfer (ETF)
• Eletronic Cheques
• Cash cards
• E-Banking
• ePayment Platforms Pakistan
• Main Factors / Concerns

3. eCash - eBanking
What is e-cash
• Use of electronic means to convert current
cash transactions.

4. eCash - eBanking
ePaymentePayment
InstrumentsInstruments
• Defined as the medium in which the value is recognised in a
payment transaction
• Card-based such as
– Credit and charge cards
• buy now, pay later
– Debit cards
• buy now, pay now
– Cash cards, stored-valued, e-cash
• buy now, prepaid or pay before
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5. eCash - eBanking
Credit Cards
• Buy now, pay later
• Credit card provides a card holder
credit to make purchase up to
amount fixed by a card issuer.
• In B2C business, it continues to be
the most used form of payment
system given its high
convenience.

6. eCash - eBanking
Credit card
• Entities that involve in the credit card payment system include
- Card holder
- Merchant (seller)
- Card Issuer (Your bank)
- Acquirer (merchant’s financial institution
- Card Association (Visa, Master Card etc)
- Third party processor

7. eCash - eBanking
Debit CardsDebit Cards
• Direct electronic transfer of account -
direct account debiting
• Uses chip/smart eWallets
• Digital signature to secure access
• Connected to eBanking solution
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8. eCash - eBanking
Electronic Fund Transfer
(EFT)
• EFT refers to the paperless act of transmitting
money through a computer network
• It is mostly used for Business to business (B2B)
commerce where companies doing business
together tend to use electronic data interchange
(EDI) system to send each other bills and notices of
payment
• The payments are made using electronic fund
transfer between banks

9. eCash - eBanking
Electronic Check (E-Check, Digital
Check)
• A new electronic version of paper check. E-check is
an instruction to a financial institution to pay a given
amount of money to the payee.
• It is a specially formatted email message sent over
the Internet. It contains as the same information as
on paper based check.
• Digital certificate and signature are used to secure
the cheque so that the contents are not tampered
with

10. eCash - eBanking
Cash CardCash Card
• Payment solution on a proprietary protocol that
allows payment over the Internet
• A digital/virtual wallet with prepaid credit-
based/token-based payment system
• Enables low-value electronic payments on the
Internet
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11. eCash - eBanking
ePayment Platforms Pakistan
• Mobilink Genie
• UBL Omni
• Utility Bill Payments
• Easy paisa

12. eCash - eBanking

13. eCash - eBanking
Introduction
• Genie is a mobile lifestyle solution, a true value
added service offered by Mobilink in
collaboration with Inov8. It transforms every
mobile phone into a fast, convenient and secure
channel for
• Buying products,
• Paying for services and
• Transferring money through a few clicks of the
mobile handset.

14. eCash - eBanking

15. eCash - eBanking

16. eCash - eBanking

17. eCash - eBanking

18. eCash - eBanking
UBL Omni
• UBL comes with up with a different from
conventional banking service, Like Telenor
EasyPaisaa but UBL Omni supported with all
mobile networks service.
• What is UBL Omni :
UBL Omni is branchless banking service by
UBL, which means user does not have to go to
UBL bank branch to avail banking services.

19. eCash - eBanking
UBL Omni
• Account Opening
Cash Deposit
Cash Withdrawal
Utility Bill Payments
Prepaid/Postpaid mobile bill payment
Domestic Remittance
• 1. PTCL
2. SSGC
3. SNGPL
4. KESC
5. HESCO
6. FESCO
7. IESCO
8. QESCO
9. KWSB

20. eCash - eBanking

21. eCash - eBanking
Easy PaisaEasy Paisa
• Telenor Pakistan has partnered with Tameer Micro
Finance Bank to introduce branchless banking for the first
time in Pakistan.
• Easypaisa is not just limited to Telenor subscribers; it’s
available for all mobile users. In fact people without
mobile phones can equally enjoy our products. So now
everyone can use our services from anywhere and
anytime.

22. eCash - eBanking

23. eCash - eBanking
ePayment SolutionsePayment Solutions
• Must provide security: resistance to fraud and online attacks
• Reliable: highly available and accessible at all times
• Cost effective: cost per transaction should be low even for micro-
payment
• Integrated and scaleable: interoperable amongst different systems,
payment methods and multiple servers distributed across the Internet
• Convenient and easy to use: should support several devices
• Anonymity: should protect the identities of parties to the transactions
and should not monitor the sources of finance

24. eCash - eBanking
Main factors when selecting e-
payment method
• The ability to provide security against fraudulent
activity
• Being cost effective for low value transaction fees
• Being protective of the privacy of the users
• Easy to use, and being convenient for purchasing
on the web based e-business

25. eCash - eBanking
Advantages and Disadvantages
of Electronic Cash
• Advantages
– More efficient, eventually meaning lower
prices
– Lower transaction costs
– Anybody can use it, unlike credit cards, and
does not require special authorization

26. eCash - eBanking
Advantages and Disadvantages
of Electronic Cash
• Disadvantages
– Tax trail non-existent, like regular cash
– Money laundering
– Susceptible to forgery