Mobile Payments


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Mobile payments have captured industry attention. At the moment, there are initiatives and innovations and there are investments in mobile payments. But, there are inhibitors too

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Mobile Payments

  1. 1. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL1 Mobile Payments
  2. 2. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL2 Mobile Payments Mobile payments have captured industry attention. At the moment, there are initiatives and innovations and there are investments in mobile payments. But, there are inhibitors too The technology at play for the various payment mechanisms and the barriers to adoption allows us to understand where business must focus to stay on top of the mobile payments trend
  3. 3. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL3 Mobile Payments Ecosystem
  4. 4. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL4 Mobile Payment Categories
  5. 5. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL5 Benefits and Opportunities • Infrastructure in place and has existing account holders that can improve the velocity and volume of business Financial Institutions • Can influence networks to opt for their chips / devices thus ensuring increased sales and market share. SIM/ Handset Manufacturers • An opportunity to partner with banks and FIs to increase revenues even as MNOs bring better value to their subscribers Mobile Network Operators • Number of customer’s bank accounts, wallets and payment cards can be dematerialized and transferred to the mobile device Consumers • Provide faster checkout and the ability to send real time marketing messages and offers. Mobile payments can also lower the cost of transactions Merchants • Their (e.g. Paypal) linkages to social networks give them the ability to seed and grow social mobile commerce. Alternate Payment Providers
  6. 6. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL6 Functional Mobile Payment Architecture
  7. 7. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL7 Advantages to the Consumer • A mobile device delivers timely alerts on transactions and account details • Loyalty programs are linked to mobile numbers & can be combined with mobile payment methods. • A mobile device can consolidate several cards and other payment methods including a mobile wallet • Consumers can monitor and control spends better using a mobile device Convenience Flexibility Real Time More Innovation
  8. 8. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL8 Barriers to Adoption Merchants have been unable to create compelling models that offer greater conveniences than existing modes of payment NFC payment terminals are expensive. This is being set right by global majors like Citi, MasterCard and Visa promoting chip-based cards
  9. 9. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL9 Future of Mobile Payments  Smart phone saturation and usage (social networking, banking, etc.) suggests that consumers are ready for mobile payments  Consumer comfort is a major driver in new money management processes  Stringent mobile payment solutions around cards, that meet regulatory requirements to address fraud, are being rapidly deployed worldwide.  Consumers will begin to transact with merchants who offer the most convenience
  10. 10. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL10 For more details please visit the link below:
  11. 11. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL11 Wipro set up the Council for Industry Research, comprised of domain and technology experts from the organization, to address the needs of customers. It specifically surveys innovative strategies that will help customers gain competitive advantage in the market. The Council, in collaboration with leading academic institutions and industry bodies, studies market trends to help equip organizations with insights to facilitate their IT and business strategies. For more information on the Research Council visit or mail About Wipro Council for Industry Research
  12. 12. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL12 About Wipro Technologies Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognised globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has over 140,000 employees and clients across 57 countries. For more information, please visit
  13. 13. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL13 Thank You ©Wipro Limited, 2013. All rights reserved. For more information visit No part of this document may be reproduced in whole or in part without the written permission of the authors. Wipro is not liable for any business outcome based on the views presented in this document. For specific implementation clients should take advise from their client engagement manager.