Unleashing the o2 o business when the local mobile payment services are taking off
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A presentation to 150 retail business executives on behalf of the Association of Cloud and Mobile Computing Professionals at the PCCW conference room on 9 Oct 2015.
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Unleashing the o2 o business when the local mobile payment services are taking off
- 1. Emil Chan Unleashing the O2O Business when the Local Mobile Payment Services are Taking off 9 Oct 2015
- 6. Alibaba’s 11.11 Carnival in 2014 57B 500M 600M 217 24B
- 7. How about the performance of other Platforms? O D 14 10 2 O 20 C P O 487%
- 8. The Big 4 of eCommerce in China
- 9. Trend of Technology Lifecycle Source: Bank 3.0
- 10. Core of Business Operations Flow of Goods Flow of Money Flow of Information
- 11. Are they 3rd Party Payment Agents?
- 12. Major 3rd Party Retail Payment Agents in China and Hong Kong
- 13. Paul Volcker The only thing useful banks have invented in 20 years is the ATM
- 15. Wool comes from the pig's back One gets the benefit for free and the price is paid by someone else
- 16. Bigs can fly if they find where wind blows
- 17. Uber Everyone’s own Private Driver
- 19. Segway the leader in personal, green transportation
- 20. AliPay KFC
- 22. Rent-Seeking • Textile Quota • Utility companies • Taxi • Tunnels • Financial Services
- 23. FinTech
- 24. Banks move into the digital world
- 25. Digital World taking over banks
- 26. Types of Internet Finance 3 Party Payment P2P Lending Big Data Finance Crowd Funding
- 28. Innovation of Electronic Retail Payment Systems Year Innovation 1980 ETC 1982 JETCO 1985 EPS 1993 PPS 1996 RTGS 1997 Octopus
- 29. EPS Refill cancelled in 2007
- 30. The Innovation of Octopus in last 20 years Year Innovation 1994 Proposed by MTRC 1997 Used on MTR, buses and ferries 2000 Accepted by 7-11 2006 Citybank issued Built-in Octopus Visa Cards 2010 Selling of Customer Database 2014 Support AliPay with Mobile App
- 31. HKMA’s roles on FinTech As a facilitator • E-bill presentment and payment platform • E-cheque • NFC Mobile payment
- 35. Flow of eCheck
- 36. The Project Schedule of eCheck Major Milestone Start End Public Consultation Jun 2012 System Development Mar 2014 May 2015 Internal Test Jun 2015 Sep 2015 Member Bank Test Aug 2015 Sep 2015 Simulation Test Sep 2015 Nov 2015 Soft Launch 12 Dec 2015 Public Launch 31 Mar 2016
- 37. HKMA’s roles on FinTech As a regulator • Proposed a regulatory regime for Stored Value Facilities (SVFs) and Retail Payment Systems (RPSs)
- 38. Licensing regime for SVF • Propose to implement a licensing regime, covering device‐based (e.g. stored value cards) and non‐device based (e.g. online stored value account) multipurpose SVF, to ensure the safety and soundness of issuers, and protection of users’ float • Issuing SVF without a licence will be a criminal offence • No licence is required for single‐purpose SVF • The Hong Kong Monetary Authority (“HKMA”) may exempt the following SVF from applying for a licence - SVF for use within, or within close proximity to, the issuer’s premises; or - SVF for purchasing limited range of goods or services from a limited group of goods and services providers • As licensed banks are already subject to regulation under BO, they are deemed to be licensed to issue SVF
- 39. Designation regime for RPS • Operate and provide retail payment services in Hong Kong; or process Hong Kong dollar or other prescribed currencies (e.g. RMB, USD) • A RPS may be designated if any disruptions to the RPS have implications to the monetary or financial stability of Hong Kong; public confidence in payment systems or the financial system of Hong Kong; or day-to-day commercial activities in Hong Kong • Potential Coverage include: Credit card schemes, Debit card schemes, Merchant acquirers, Payment gateways
- 40. Objectives of the regulatory regime • ensure the safety and soundness of the operation of SVF and RPS in Hong Kong; • ensure adequate protection and no misappropriation of float of SVF; • foster innovation in retail payment products and services in Hong Kong by providing clarity in the legislation and a level playing field for market participants; and • maintain Hong Kong’s status as an international financial centre, by putting the retail payment legislation on par with what other major financial centres are pursuing.
- 41. Status of Legislation • The Clearing and Settlement Systems (Amendment) Bill 2015 gazetted on 23 January 2015 • The Bill was introduced into the Legislative Council for first reading on February 4, 2015 • Bills Committee on Clearing and Settlement Systems (Amendment) Bill 2015 – First meeting on Monday, 2 March 2015 • Target completion of legislation: end of 2015
- 42. Benefits to FinTech development By introducing the regulation, we can • provide clarity in the legislation; • provide a level playing field for market participants; and maintain Hong Kong’s status as an international financial centre; Benefits to FinTech development • foster innovation in retail payment products and services in Hong Kong • attract more e-money issuers to establish business in HK create more opportunities for IT support and security services companies in HK
- 43. When the coach is also the referee
- 44. 9 Banks With iPhone Remote Check Deposit Apps - APPS MOBILE 06/13/2011 • According to a recent Federal study, the use of paper checks have declined 7.1% since 2006 thanks to a 45% growth in electronic payments; but that doesn’t mean we are done with good old-fashioned paper checks that account for 24.5 billion in annual payments • Odds are no matter how digital you make your life you’ll still receive a few paper checks each year. With this in mind, we found 9 banks that will let you use your iPhone camera to remotely deposit your check, no matter where you are
- 46. Alibaba
- 47. Payer Payee Clearing House Bank Pr Bank Pe Cheque Fund Flow of Cheque Payment Process T + 1
- 48. Payer Payee FAST System Bank Pr Bank PeFund Flow of FAST Payment Process Online Order NotificationT + 0
- 49. Payer Payee Operator Bank Pr Fund Flow of 3rd Party Payment A Online Order Notification Bank OT + 0
- 50. Payer Payee Operator Bank Pr Flow of 3rd Party Payment B Online Order Notification Bank Pe Fund Fund Bank O T + 1T + 0
- 51. Payer Payee Operator Flow of 3rd Party Payment C Online Order Notification Bank O
- 56. App vs Wechat
- 57. WeChat Payment
- 58. Mobile CRM Membership Card eCoupon
- 60. AIDA Model
- 61. Internet Changed the Flow
- 62. The New Model AIDA AISAS
- 63. Core of O2O Environment
- 65. One Belt, one Road
- 66. 10 Aug 2015 - Leung mulls SME support in ‘One Belt, One Road’ pursuit
- 68. Free Trade Zones
- 69. Cross-border Online Shopping Year Volume (RMB) 2008 1.2Billion 2013 13.5Billion 2015 30Billion