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/
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.
Using Mobile Money to Promote Financial Inclusion in PakistanKarandaaz Pakistan
This work provides an overview of the state of financial inclusion in Pakistan along with the mobile financial services industry, and points to specific opportunities which, if capitalized upon, could improve m-wallet uptake. Published for the first time in Pakistan, the deck brings together information from both national and international data sets and reports on financial inclusion and mobile money.
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/
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.
Using Mobile Money to Promote Financial Inclusion in PakistanKarandaaz Pakistan
This work provides an overview of the state of financial inclusion in Pakistan along with the mobile financial services industry, and points to specific opportunities which, if capitalized upon, could improve m-wallet uptake. Published for the first time in Pakistan, the deck brings together information from both national and international data sets and reports on financial inclusion and mobile money.
Mobile Money Agent Network Development in HaitiNetHopeOrg
The Payment Innovations working group welcomed Nick Lesher of Open Revolution (www.openrev.com) to speak with Cameron Peake of Mercy Corps (www.mercycorps.org) on their experiences with mobile money agent network development in Haiti. We examine how NGOs can play a role in the development of healthy and sustainable mobile money agent networks.
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).
M-PESA is a mobile based transfer of money between customers, facilitated by network of retail agents. Kenya is the first country to have adopted M-PESA where the model witnessed huge success and is contributing big way in enabling financial inclusion in the country. Deployment of M-PESA in India can bring similar benefits as experienced in Kenya. Growing mobile penetration in rural areas would ensure that people are able to benefit from mobile based money transfer concept. Indian regulatory system has also been gearing up to allow technology benefits in enabling financial inclusion, developments are only at introductory stage.
The Evolution of Mobile Money: Retail, the next frontierIsabelle Berner
Presented by Isabelle Berner at the Global Connect Africa conference in Johannesburg, South Africa. This presentation shows how the mobile money market is evolving and highlights retail transactions and ecommerce as the next frontier for this space.
The presentation compares 4 technologies used to make mobile payments in store and concludes that currently only one of these technologies is secure, fast, universal, and inexpensive.
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.
With the ubiquity of the mobile phone, there is lot of interest in using this medium to deliver financial services. This document is a white paper on this field and tries to give the reader, a general understanding of the topic
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.
Mobile Money Agent Network Development in HaitiNetHopeOrg
The Payment Innovations working group welcomed Nick Lesher of Open Revolution (www.openrev.com) to speak with Cameron Peake of Mercy Corps (www.mercycorps.org) on their experiences with mobile money agent network development in Haiti. We examine how NGOs can play a role in the development of healthy and sustainable mobile money agent networks.
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).
M-PESA is a mobile based transfer of money between customers, facilitated by network of retail agents. Kenya is the first country to have adopted M-PESA where the model witnessed huge success and is contributing big way in enabling financial inclusion in the country. Deployment of M-PESA in India can bring similar benefits as experienced in Kenya. Growing mobile penetration in rural areas would ensure that people are able to benefit from mobile based money transfer concept. Indian regulatory system has also been gearing up to allow technology benefits in enabling financial inclusion, developments are only at introductory stage.
The Evolution of Mobile Money: Retail, the next frontierIsabelle Berner
Presented by Isabelle Berner at the Global Connect Africa conference in Johannesburg, South Africa. This presentation shows how the mobile money market is evolving and highlights retail transactions and ecommerce as the next frontier for this space.
The presentation compares 4 technologies used to make mobile payments in store and concludes that currently only one of these technologies is secure, fast, universal, and inexpensive.
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.
With the ubiquity of the mobile phone, there is lot of interest in using this medium to deliver financial services. This document is a white paper on this field and tries to give the reader, a general understanding of the topic
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.
Different Types of Mobile payments
Payment Models
- SMS/USSD-based transactional payments
- Direct mobile billing
- Mobile web payments (WAP)
- QR Code Payments
- Contactless Near Field Communication
- Cloud-based mobile payments (Please elaborate applepay, google, paypal and others)
- Audio signal-based payments
- Direct carrier/bank co-operation
Overview of the Different Mobile Payment systems
- NFC based Platforms such as Google Wallet and ISIS
- Systems like Square, VeriFone, Card.io Naratte Zoosh and other exciting and disruptive startups in this space.
Mobile Banking & Payments Update: September 2010Dan Armstrong
One view of the mobile banking and payments landscape in 2010, including some case studies: NMB mobile in Tanzania, Rabobank in The Netherlands and some emerging proximity payments models leveraging NFC.
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.
Please find here the presentation I've realised for VISA EUROPE for my 2d interview of the hiring process :
Initial subject : What position would you recommend to allow Visa to maintain its leadership in payment e.commerce?
Context : 7 days to realize it with my current job
Visa's conclusion of my presentation :
- Presentation was not enough VISA centric (sorry that eCommerce is not focus on Visa)
- I was supposed to explain more the V.me solution which is not yet released/official in Europe : V.me = Paypal copycat (this was not the subject !)
Very good exercise, but very disappointed with Visa methodology and behavior.
Anyway, the presentation is not perfect, but I should have charge VISA Europe.
Because, I 'm not a Visa collaborator, I can share this presentation I've realised.
Don't hesitate to contact me if you have any questions.
btl mastercard. Bill Pay. Cash. Reloads. Biometrics/ID. Financial Education. Prepaid. MasterCard is leveraging new innovations to overcome barriers to financial inclusion. Creating shared value through
We, at Tribalnets,
- Build communities through offering a range of international and national money transfer and virtual banking services to users.
- Secure electronic transaction systems for use via mobile and web.
- Alternative, affordable and innovative payment method that uses the existing mobile networks.
About Us
Tribalnets is run by Didier Marissal, experienced CEO & Chairman of business service and consulting. Its employees comprise of Experienced, multinational team from the banking and telecoms world, Developers with banking background –Fortis, Swift, Mastercard, Visa and a network of mobile financial service specialists.
Mobile Banking & Rabo Development Partner BanksDan Armstrong
A brief presentation made for Rabobank Groep ICT on Rabo Development partner banks and the launch of mobile banking in Zambia, Tanzania, Malawi and Rwanda (2008-2010).
[MobileMonday Switzerland #2 : Mobile payments and banking.]
Simon Cavill is an acknowledged industry expert in mobile phone, payments and digital broadcasting with over 25 years of industry experience and a raft of patents to prove it. As the CTO of Mi-Pay, Simon was instrumental in the creation and development of this company from start-up to a mature mobile payments business with operations on four continents.
http://www.mi-pay.com/
Mobile Payments: What global lessons can we bring back to the U.S.?Menekse Gencer
This presentation was given by Menekse Gencer at the Commonwealth Club of San Francisco on July 23, 2012 as part of the Mobile Payments Series Initiative(TM) produced by mPay Connect. There were approximately 90+ attendees. For more information regarding the consulting services of mPay Connect, please visit: www.mpayconnect.com or contact us at: info@mpayconnect.com The audio recording of this presentation can be found here: http://soundcloud.com/mpayconnect/sounds-from-monday-evening
2. eBIZ.mobility
Agenda
• Primer on Mobile Financial Services
• Examples and Case Studies
– Mobile Money Ecosystems
– International Remittance
– Internet Commerce
– Gambling
– Mobile Banking
• Success Factors and Challenges
• Limiting Risk While Increasing Reward
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential 2
3. eBIZ.mobility
Mobile Financial Services
• P2P Transfers
• Mobile Wallets- Stored value / Prepaid cards
• Payment Ecosystems
• Bill Payment
• Mobile Purchasing NFC and Remote
• Salary Disbursement
• Remittances- cash and airtime
• Mobile Banking (banked, unbanked)
It is not just about Premium SMS anymore!
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential 3
5. eBIZ.mobility
High Volume Revenue Share Opportunity
• Over 4 billion handsets worldwide, growing to 5.8 billion by 2013 (growth
residing mostly in the emerging markets)
• Mobile Wallet (Domestic)- $4.8B in direct revenues and $2.9B indirect
revenues for telcos in emerging markets (GSMA)
• 85% of world population is unbanked (Gartner)
• International Money Transfer (remittances)- $420B/yr - $600B including black
market (World Bank)
• Fees 2%-15% depending on sending/receiving country (World Bank)
• Mobile Financial Services will yield $7.9 billion in revenues for MNOs by 2012
(GSMA)
• International Airtime Transfer- 5% of Top-Up revenue, $8B transferred
• Alternative payments 7% of online commerce world growing to 15%
• 457M Mobile Banking Users by 2015 (Payments CM Research – Advanced Payments Report 2009)
Infinite Ecommerce. No Borders. No Barriers.
Confidential & Proprietary 2010
June eBIZ.mobility LTD Proprietary and Confidential 5
6. eBIZ.mobility
Global Advanced Payment Forecasts- Relative Volumes
Source: PaymentsCM Research – Advanced Payments Report 2009
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential
7. eBIZ.mobility
Mobile Money- Now is The Time
Ecosystems are Forming
Why has it taken so long?
- Somebody had to take the first step- and it is a BIG one
- Asia- Transportation Authorities mass NFC infrastructure spurred MNOs
- Philippines- prepaid top-ups led to Mobile Payments, remittances, p2p
- Africa- MNO deployments led to Mobile Wallet, remittances, p2p, top-ups
What is different now? Baseline Infrastructure is in Place
- Successful deployments give basic learning curve on commercial models
- NFC deployments are starting in Europe
- 90% unbanked rates prevent PayPal from satisfying web payment needs of many
markets
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential
8. eBIZ.mobility
Mobile Wallet
• A virtual wallet for subscriber
• May link to:
• Cash- Stored Value
• Credit cards Loyalty Card
• Prepaid cards
• Gift and loyalty cards
• Identity cards
Credit Card /
• Bank account Debit Card
• May be based in:
• Server
Identity Card
• Handset App
Cash
• Contactless (NFC) Card Check Book Prepaid Airtime
Voucher
Wallet shown courtesy of Trivnet Ltd.
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential
9. eBIZ.mobility
Case Study- Mobile Money Ecosystems In Service
• M-Pesa Kenya (Vodafone)- 70% of users were previously
banked- this is a disruptive offering, 2 Million transactions/day
(May 2009), 10% of Kenya’s GDP flowed thru in 2009
• Zain- Zap Holdings Subsidiary- 16.5M active customers-
introducing new people to financial services
• SMART Money Philippines- 125,000 cash-in agents, can
support airtime sales of $0.06
• G-Cash Philippines- 18,000 cash-out points
• Oi Paggo Brazil- 250K Users, 70K merchants
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential
10. eBIZ.mobility
Case Study- International Remittances
• Average domestic cash deposit $20
• Average mobile remittance transfer $200
• International money transmittance currently costs $5–$87 for a
remittance amount of USD$500 - World Bank
• Mobile is more convenient and lower cost
• Mobile Remittance Corridors are Already in Commercial Service
where mobile wallet ecosystems exist:
– Kenya
– Philippines (An estimated 10 million Filipino migrant and contract workers
remit $17 billion annually via traditional methods)
– Poland & Eastern Europe
– Mexico
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential 10
12. eBIZ.mobility
Web Commerce Today- Limited by Credit Cards
United States Rest of World
40% of U.S. and 90% of Rest of World Internet Users Do Not Have a
Credit Card (Yankee Group)
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential
13. eBIZ.mobility
Case Study- Web Payment for Digital Content
• Facebook, MySpace, Bebo Applications
– Mafia Wars
– My Empire
– Guitar Hero
– Spare Change
• App Stores
– iTunes
– Ovi
• i-mode Japan
• Micropayments
– Boku
– Zynga
– Ping.ping
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential 13
14. eBIZ.mobility
Case Study- Mobile Payment for Online Gambling
• Mobile payment offers a quick and easy-to-use payment solution for
casino players to instantly deposit funds to their balance on-the-move
• Launched mobile payment method Aug 2008 in a regulated market- UK
• Started with licensed online/mobile casino Wild Jack Casino: Web:
http://www.wildjackcasino.com WAP: http://mobile.wildjackcasino.com
• Initial transaction amount set to £10
• Due to success in Nov 2008 increased transaction amount to £15
• In 2009 increased transaction amount to £30
• Expanded service to All Slots Casino (fully licensed) Web:
www.allslotscasino.com WAP: http://m.allslotscasino.com
• 70% of all payment attempts are carried out by players who subscribed
to a different mobile network operator
• Since the mobile payment system was launched, the operators
experienced zero disputes or claims by players
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential 14
15. eBIZ.mobility
Case Study- Mobile Banking
• Convenience application for the developed world
• 2009 survey conducted by Palmer Research*
• 2/3 of offline consumers contact their financial institution once a week
or more through traditional bank channels.
• 1/2 use the bank call centre or interactive voice response (IV)
• Each call centre transaction costing an average of US$3.75
• Each IVR transaction costing an average of US$1.25
• Mobile banking estimated US$0.08 per transaction
• Strong operational incentive for Banks to push the mobile channel.
*http://www.onwindows.com/Articles/Mobile-banking-moving-beyond-the-branch/4951/Default.aspx
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential 15
16. eBIZ.mobility
Goal- Payment Standard Alongside Visa/MC
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential 16
17. eBIZ.mobility
MNOs Have Strong Assets for Mobile Money Services
• Branding
• SIM Card
• Distribution Network
• VAS Marketing
• Billing Relationships
• Customer care infrastructure
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential 17
18. eBIZ.mobility
Collaboration is Key to Success- “Fuel the Wallet”
Ubiquity
• Wide Merchant Network
• Wide Agent Network
• Consistent User Experience
Regulation
• AML/CFT- Anti-Money Laundering/Combating Funding of Terrorism
• Know Your Customer- KYC
• eMoney rules
Overcoming Challenges and Making Money
• Partner with a MFS Hub Provider and Financial Institution
• Deploy open technology platforms and interfaces
• Partner with Merchant Acquirers
• Follow successful 90/10 rev share models to attract merchants!
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential 18
19. eBIZ.mobility
Mobile Money Limits Risk and Liability
• Wallet provides “Chinese Wall” - No direct relationship between
operator and merchant- operator can monetize consumer’s cash &
payments without direct exposure
• Non-Reputable User Authentication- Operators currently have 2 factor
and even 3 factor user authentication systems available which make
transactions legally non-reputable
• Consumer Trust- Consumers use the trust relationship with their
Operators who maintain their private financial information as their
“online identity keepers”
• Reduces Theft- Cash collection by businesses and consumers in
remote regions are more secure if done electronically
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential 19
20. eBIZ.mobility
The Right Hub Facilitates Success
Open Web-
Advertising & Age Subscriber Interaction
Restrictions
Payment JAVA apps Web
for i-gaming
Mobile Operator
Payment Interfaces
Real-Time Clearing
Immediate availability of funds
Guarantee Finality of Transaction B2B Client Support
Real-time Identity Management
$
Merchant/Agent Authentication
Transaction Verification Content / Service Provider
Bank Payment Authorization Delivery Platform
Settlement & Reporting
Administration &
24/7 Operations
Reporting & BI
Food Mart
Point of Sale
Payment Cash-Out
Wholesale Clearing P2P Top-Up Public
& Settlement Payments & Remittance Transit
Transfers
Infinite Ecommerce. No Borders. No Barriers. June 2010 eBIZ.mobility LTD Proprietary and Confidential