MobiKash Afrika is deploying a mobile commerce platform using Sybase 365's mCommerce platform to increase financial inclusion for citizens in Africa. This will allow citizens without bank access to conduct banking from their mobile phones. Sybase 365 was chosen as the technology partner because of its experience deploying mobile commerce solutions and ability to integrate with the different parties required. The platform will enable customers to access any financial institution via any mobile network and perform banking services for the first time.
M-Pesa Case study.
This is our last teamwork university project. This time we had to analyze M-Pesa, that is a mobile SIM card based company that facilitates the way to transfer money. M-Pesa is the first "Fintech" company because they used before everyone else the SIM card system to financial services purposes.
This app allows people to transfer money in safety and fast way.
This company was born in Kenya, they were the first to bring 4G in the country. M-Pesa represents a milestone for the African innovation ecosystem.
I want to thank my colleagues for the excellent workflow, for the collaboration during the process and for a full and totally work ethic.
Thanks to Sofia Auddino, Carlo Liviero, Giovanni Fabris, Alessandra Cancellari, Lucrezia Wally Bestetti, Francesco Ghezze.
And Thanks to H-FARM Education
#lessons #innovation #Africa #digitalpayments #bank
#economy #digital #hfarm
Presentation by Boniface Mungania at the 4th Annual East Africa Finance Summit
How digital platforms can catalyze access and more inclusive communities in Ethiopia and beyond
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.
A Little world is one of the fastest growing companies with a annual growth rate of 600%. The company has pioneered the concept of branch less banking by using mobile phone platform. The cost of operating a brank branch in India has now been reduced to 50$ per month. See the presentation and find out yourself how the concept works.
M-Pesa Case study.
This is our last teamwork university project. This time we had to analyze M-Pesa, that is a mobile SIM card based company that facilitates the way to transfer money. M-Pesa is the first "Fintech" company because they used before everyone else the SIM card system to financial services purposes.
This app allows people to transfer money in safety and fast way.
This company was born in Kenya, they were the first to bring 4G in the country. M-Pesa represents a milestone for the African innovation ecosystem.
I want to thank my colleagues for the excellent workflow, for the collaboration during the process and for a full and totally work ethic.
Thanks to Sofia Auddino, Carlo Liviero, Giovanni Fabris, Alessandra Cancellari, Lucrezia Wally Bestetti, Francesco Ghezze.
And Thanks to H-FARM Education
#lessons #innovation #Africa #digitalpayments #bank
#economy #digital #hfarm
Presentation by Boniface Mungania at the 4th Annual East Africa Finance Summit
How digital platforms can catalyze access and more inclusive communities in Ethiopia and beyond
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.
A Little world is one of the fastest growing companies with a annual growth rate of 600%. The company has pioneered the concept of branch less banking by using mobile phone platform. The cost of operating a brank branch in India has now been reduced to 50$ per month. See the presentation and find out yourself how the concept works.
Mobile Payments Reloaded - Ericsson Business Review #3 2008Giorgio Andreoli
After much hype in the late 90's, mobile payments again stand out as one of the most interesting options for enabling a new breed of non-voice mobile services. This is especially true in Europe, owing to a regulatory breakthrough that is liberalizing the payments sector and encouraging new players – namely, telecom operators – to enter this new area.
API is the New Black for FinTech & Financial InstitutionsElias Gagas
API is the New Black for FinTech & Financial Institutions. See how Payment Components aplonAPI (TM) API Framework empowers Banks to offer Open Platform Banking Services.
Presented during FinTech Connect Live 2016 in London
A Group Presentation for "Entrepreneurship in Practice" module at University of Nottingham, Malaysia Campus.
https://www.facebook.com/Fahad.R.Rehmani
pk.linkedin.com/in/fahadramzan/
https://twitter.com/FRamzan
Held in Bali, Indonesia, the “Mobile Banking and Payments for Emerging Asia Summit 2012” gathered many thought leaders from the telecommunications and banking industries; unveiling the potential of mobile channels penetrating Asia’s emerging markets. Spire Research and Consulting was honored to be invited as a post-conference workshop leader at this prestigious event.
Representing Spire Research and Consulting, Jeffery Bahar, Deputy Chief Executive Officer and Yap Far Loon, Business Development Director, Telecommunication, led a post-conference workshop in the “Mobile Banking and Payments for Emerging Asia Summit 2012” held in Bali, Indonesia. The event brought together many eminent industry experts and marketers from the telecommunications and banking industries – highlighting the potential of mobile banking and payments in emerging economies.
Read more about the event coverage here:
http://www.spireresearch.com/newsroom/events/spire-joins-mobile-banking-and-payments-for-emerging-asia-summit-2012-as-workshop-leader/
Interoperability of Mobile Money Services by Sridhar ObilisettySridhar Obilisetty
INTEROPERABILITY brings in SYNERGY where interconnections with external parties can create greater value for customers and service providers than a single mobile money service provider can create alone.
How open banking and instant payments are changing financial servicesSriram Kannan
Technology has changed the way we make payments with online businesses paving the way for innovative payment solutions. Entry of FinTechs and a non-banks into the payments space has created a massive disruption in the financial services industry.
Exponential banking: Reinventing Financial Services in a world of Exponential...Vincent Teo
A Point of View on the threat of Fintechs and Neobanks in the Financial Services category and what banks should do to respond and continue to unlock business and customer value and drive growth.
Banks should look beyond just embracing the latest Fintech and look to reinvent themselves as the Exponential Bank of the Future.
Digital” is the new buzz word in the banking sector, with banks all around the globe hopping onto the digital bandwagon. Banks of all sizes are making sizeable investments in digital initiatives in order to maintain a competitive edge.
Winning Business Models for Mobile Remittances by Hugo Cuevas-Mohr, Mohr Worl...Mahindra Comviva
The right business model is the primary success factor to grow the share of the mobile and other digital channels. The presentation covers successful business models in the digital remittance space by Hugo Cuevas-Mohr, Mohr World Consulting
How Banking as a Service Will Keep Banks Digitally Relevant and GrowingCognizant
To contend with insurgent competitors, regulatory mandates and demanding consumer requirements, banks must embrace open APIs that enable them to plug-and-play in the digital business ecosystem and reinforce their value proposition amid escalating share-of-wallet challenges.
South Africa: A Digital Innovation Hub for Financial ServicesSeymourSloan
South Africa is fast becoming one of the leading digital players in financial services along with Kenya and Tanzania. This piece explores how they have succeeded where others have stalled.
Mobile Payments Reloaded - Ericsson Business Review #3 2008Giorgio Andreoli
After much hype in the late 90's, mobile payments again stand out as one of the most interesting options for enabling a new breed of non-voice mobile services. This is especially true in Europe, owing to a regulatory breakthrough that is liberalizing the payments sector and encouraging new players – namely, telecom operators – to enter this new area.
API is the New Black for FinTech & Financial InstitutionsElias Gagas
API is the New Black for FinTech & Financial Institutions. See how Payment Components aplonAPI (TM) API Framework empowers Banks to offer Open Platform Banking Services.
Presented during FinTech Connect Live 2016 in London
A Group Presentation for "Entrepreneurship in Practice" module at University of Nottingham, Malaysia Campus.
https://www.facebook.com/Fahad.R.Rehmani
pk.linkedin.com/in/fahadramzan/
https://twitter.com/FRamzan
Held in Bali, Indonesia, the “Mobile Banking and Payments for Emerging Asia Summit 2012” gathered many thought leaders from the telecommunications and banking industries; unveiling the potential of mobile channels penetrating Asia’s emerging markets. Spire Research and Consulting was honored to be invited as a post-conference workshop leader at this prestigious event.
Representing Spire Research and Consulting, Jeffery Bahar, Deputy Chief Executive Officer and Yap Far Loon, Business Development Director, Telecommunication, led a post-conference workshop in the “Mobile Banking and Payments for Emerging Asia Summit 2012” held in Bali, Indonesia. The event brought together many eminent industry experts and marketers from the telecommunications and banking industries – highlighting the potential of mobile banking and payments in emerging economies.
Read more about the event coverage here:
http://www.spireresearch.com/newsroom/events/spire-joins-mobile-banking-and-payments-for-emerging-asia-summit-2012-as-workshop-leader/
Interoperability of Mobile Money Services by Sridhar ObilisettySridhar Obilisetty
INTEROPERABILITY brings in SYNERGY where interconnections with external parties can create greater value for customers and service providers than a single mobile money service provider can create alone.
How open banking and instant payments are changing financial servicesSriram Kannan
Technology has changed the way we make payments with online businesses paving the way for innovative payment solutions. Entry of FinTechs and a non-banks into the payments space has created a massive disruption in the financial services industry.
Exponential banking: Reinventing Financial Services in a world of Exponential...Vincent Teo
A Point of View on the threat of Fintechs and Neobanks in the Financial Services category and what banks should do to respond and continue to unlock business and customer value and drive growth.
Banks should look beyond just embracing the latest Fintech and look to reinvent themselves as the Exponential Bank of the Future.
Digital” is the new buzz word in the banking sector, with banks all around the globe hopping onto the digital bandwagon. Banks of all sizes are making sizeable investments in digital initiatives in order to maintain a competitive edge.
Winning Business Models for Mobile Remittances by Hugo Cuevas-Mohr, Mohr Worl...Mahindra Comviva
The right business model is the primary success factor to grow the share of the mobile and other digital channels. The presentation covers successful business models in the digital remittance space by Hugo Cuevas-Mohr, Mohr World Consulting
How Banking as a Service Will Keep Banks Digitally Relevant and GrowingCognizant
To contend with insurgent competitors, regulatory mandates and demanding consumer requirements, banks must embrace open APIs that enable them to plug-and-play in the digital business ecosystem and reinforce their value proposition amid escalating share-of-wallet challenges.
South Africa: A Digital Innovation Hub for Financial ServicesSeymourSloan
South Africa is fast becoming one of the leading digital players in financial services along with Kenya and Tanzania. This piece explores how they have succeeded where others have stalled.
Introducing CorkVSoft- Fintech. We are a joint venture between Cork Information Technology Bahrain and VSoft Corporation USA
Have a glimpse at our overview page to know about us or follow our linkedin / webpage to know about our offerings
Leading Mobile Financial Services Provider : mFino by Sridhar ObilisettySridhar Obilisetty
mFino is one of the leader in providing mobile financial services platform that enables the delivery of a full spectrum of financial services that meets the current needs of financial institutions, mobile operators, distributors and retailers
A NEED FOR PEER-TO-PEER STRONG LOCAL AUTHENTICATION PROTOCOL (P2PSLAP) IN MOB...IJNSA Journal
Mobile phones are considered to be the most common devices in history of humankind. They have involved in financial transaction such as mobile banking and mobile payment, which include sensitive information. Public key cryptography is the proven solution that can provide secure transaction at every point of interaction in mobile banking value chain. This paper proposes a need for peer-to-peer Strong Local Authentication Protocol (p2pSLAP) for Mobile Banking Transaction that implements a peer-to-peer architecture to provide local authentication mechanism between the customer and the agent. It employs public key infrastructure (PKI).
Smart mobility in the financial sector has helped financial institutions to reach millions of customers through mobile services. Mobility adoption has helped financial industry to provide enhanced services to their customers like mobile banking, mobile money, mobile payment of utility bills, and much more.
A need for peer to-peer strong local authentication protocol (p2 pslap) in mo...IJNSA Journal
Mobile phones are considered to be the most common devices in history of humankind. They have involved
in financial transaction such as mobile banking and mobile payment, which include sensitive information.
Public key cryptography is the proven solution that can provide secure transaction at every point of
interaction in mobile banking value chain. This paper proposes a need for peer-to-peer Strong Local
Authentication Protocol (p2pSLAP) for Mobile Banking Transaction that implements a peer-to-peer
architecture to provide local authentication mechanism between the customer and the agent. It employs
public key infrastructure (PKI).
A need for peer to-peer strong local authentication protocol (p2 pslap) in mo...
MobiKash Sybase Case Study
1. MobiKash Afrika Success Story: Sybase 365, Financial Services - Sybase Inc Page 1 of 3
MobiKash Afrika
This project represents a significant step forward in delivering the necessary
integrated infrastructure required to ensure that African citizens without
traditional banking access can execute financial transactions.
Duncan Otieno
CEO
MobiKash Afrika
For its launch of the first intra-region, mobile network and bank agnostic, mobile commerce solution for sub-Saharan Africa,
MobiKash Afrika, sought a technology partner with a mobile commerce platform that would ensure the project’s success.
MobiKash chose to partner with Sybase 365, because of its reputation for deploying world-class mobile commerce solutions and
its ability to work with all parties in each country required to integrate with the system—including financial institutions, mobile
phone operators, bill issuers, merchants via the MobiKash transaction switch and data aggregation systems. Sybase 365 deployed
its mCommerce platform for MobiKash in Kenya as the pilot country with other African countries to follow. This new service will
allow citizens that have never had access to banking services to now easily conduct all of their banking from their mobile phones,
agents and alternative channels, such as ATMs, EPOS and the Internet.
Business Advantage
MobiKash uses Sybase 365 mCommerce Mobiliser Platform to increase the level of financial inclusion of the unbanked and
semi-banked, via a greatly simplified registration process for opening mobile wallets, as well as rapid bank account opening
and linking processes augmented by a universal mBanking service portal for the banked.
Key Benefits
Enables customers to access and conduct business with any financial institution via any mobile phone service provider with
integration into networks of ATMs, POS terminals, EPOS systems, the Internet, and local agents
Provides a multi-channel financial services portal for all un-banked and banked citizens
Allows citizens who previously did not conduct any banking business at all to start using banking services
Provides an efficient way for citizens to perform bank services who previously had to travel long distances and wait in queues
at bank branches which are typically located in urban areas
Assists banks and micro-finance institutions to reach the under-serviced rural areas without the need to establish a local
presence
Sybase Technology
Sybase 365 mCommerce Mobiliser Platform
Industry
Financial Services
Download the full success story in PDF format.
Giving Citizens the Ability to Conduct Banking Services via Mobile Phones
Easy access to financial services is a luxury for many citizens of African nations. Due to long distances between bank branches,
http://www.sybase.in/detail?id=1083733&printThis=true 07/10/2010
2. MobiKash Afrika Success Story: Sybase 365, Financial Services - Sybase Inc Page 2 of 3
large geographical areas, and the lack of access to cost effective, rapid and efficient transportation, generally less than 10
percent of Africans currently participate in formal banking. For those that do, they may often face limited opening hours, process
inefficiencies and long queues (especially at month end) after having spent a great deal of time and money traveling to a bank
branch. In some cases, citizens are forced to dedicate an entire day to conduct banking business, withdraw salaries and pay bills.
To address the situation, Kenya-based MobiKash Afrika is deploying a mobile commerce platform that is independent of mobile
operators, commercial banks, other financial institutions and bill issuers. The company’s services, which represent a major
breakthrough for Africa, will make it possible for many citizens to conduct banking activity for the first time. MobiKash hopes to
eventually empower all people in Africa with a secure and independent mobile commerce system that is easy to use.
Sybase 365 mCommerce Platform Facilitates Integration with Multiple External Systems
To achieve its mission, MobiKash is working with Sybase 365 mCommerce technology to create a simplified process for opening
and managing bank accounts via mobile phones and other access channels.
During the evaluation, MobiKash considered other technologies, but Sybase 365 was the best positioned partner in terms of
providing the highest degree of mCommerce functionality and sector experience. MobiKash also liked the flexible pricing model
that Sybase 365 offers and was impressed that Sybase 365 has numerous global deployments of mobile commerce solutions
covering all sectors of the market.
Several other factors contributed to the MobiKash decision to partner with Sybase 365: Sybase 365 was already deploying similar
solutions in other parts of Africa with architectures similar to what MobiKash needed to deploy. Sybase 365 has local African
presence and demonstrated its understanding of how to integrate with various African financial institutions, mobile phone
operators, financial switch vendors and mobile data aggregators. Furthermore, mCommerce technology does not require high-
end mobile phones, so the service is accessible to users with limited handset technology, a common situation among African
citizens.
Working Relationships with Other Technology Partners Play a Key Role in Project’s Success
The relationships that Sybase 365 has established with mobile operators and data aggregators throughout Africa was a
particularly important aspect in helping MobiKash choose Sybase 365 and has helped their solution operate effectively. Sybase
365 processes bulk SMS traffic, however USSD (Unstructured Supplementary Service Data) traffic aggregation is handled by
MobiKash in each country.
MobiKash’s production Mobiliser platform is hosted by Sybase 365 in a PCI-standard data center in Frankfurt, Germany where
Sybase 365 has performed all of the configuration work to meet MobiKash’s product requirements. The overall solution integrates
banking with back-office systems so that the MobiKash solution operates in a similar manner to a banking application.
Complimenting the Sybase 365 mCommerce platform are sub-systems developed by MobiKash and other technology partners. All
sub-system traffic from the switch and aggregation platform is channeled into the mCommerce platform.
The MobiKash service runs independently of financial, network and bill issuing institutions in contrast to most mobile commerce
platforms, which are usually run by banks or network operators. Being independent, the service provides a financial portal to
consumers performing varying financial functions via multiple delivery channels that links the consumers to their financial
accounts and participating service providers.
New Banking Services Available to Citizens in Multiple Countries
MobiKash adopted a staged approach to satisfy regulation requirements that ensure consumer protection, information security,
proper governance, and trustee management of funds. Sybase 365 supported MobiKash in the regulatory accreditation and
compliance processes.
MobiKash is presently establishing follow-on country operations in East, West and Southern Africa as local joint venture initiatives.
One of these countries is Zimbabwe for which MobiKash and Sybase 365 have jointly attracted funding from AECF / AGRA to
assist in the service introduction and rural social impact. Likewise, a West African MobiKash project has been awarded donor
funding for agent build-out and skills creation.
Work is underway to commence intercontinental remittances from North America, Europe and the Middle East to MobiKash
operations in Africa. MobiKash is working with a number of remittance partners to achieve this goal. As well as linking MobiKash
African country operations together as one virtual African territory, MobiKash has also formed a business alliance with Masary in
Egypt, another Sybase 365 mCommerce project for the Middle East and North Africa region.
By providing an independent service to conduct banking with financial institutions, MobiKash is creating a new industry in Africa
and taking banking to a new level by giving customers a financial portal to manage bank accounts and payments through an
independent service provider.
http://www.sybase.in/detail?id=1083733&printThis=true 07/10/2010