internet world, london 29 april 2008 banking 2.0 and the rise of virtual wallets
TRANSCRIPT
Internet World, London29 April 2008
Banking 2.0 and the rise of virtual wallets
2
1 Introduction to Moneybookers
2 Banking 2.0 for Businesses
3 Banking 2.0 for Consumers
4 Banking 2.0: Trends & Key Drivers
Agenda
5 Contact
3
Key Facts About Moneybookers
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First regulated e-money issuer, regulated by the UK financial authorities (FSA)
Founded in July 2001 and based in London, United Kingdom
Owned by Investcorp, Chairman of Moneybookers’ Board: Dr. Thomas Middelhoff
200 employees, supporting 12 languages
Most comprehensive Payment network for borderless money transfers worldwide and in
real-time
5.0 Million account holders and 8,000 new account openings per day
More than 20,000 merchants have used the Moneybookers solution
Moneybookers is an independent payment provider
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Our Partners
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55
No. 1 in Local Payment Options – more than any competitor
•Amex•Visa• Mastercard• Jcb• Diners Club• Local Instant Bank Transfer
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club• Poli
• Amex•Visa• Mastercard• Jcb• Diners Club• Bank Wire (coming soon)
• Amex•Visa• Mastercard• Jcb• Solo• Dinerd Club
•Amex•Visa• Mastercard• Jcb• Diners Club• eNETS
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
•Amex•Visa• Mastercard• Jcb• Diners Club• Bank Transfer (coming soon)• Poli
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club• Euro6000• 4B• Visa Electron
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
•Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club• EPS
• Bank transfer• Amex• Visa• Mastercard• Jcb• Diners Club• Laser
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club• Cheque• Solo
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club• iDeal
• Bank transfer• Amex•Visa• Mastercard• Jcb•ClubDiners • P24• BPH• Inteligo• Mbank• Multitransfer• Nordea
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club• Giropay• ELV• Sofortüberweisung
• Bank transfer•Amex•Visa• Mastercard• Jcb• Solo
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club• Poste Pay• Carta C• Visa Electron
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club• Cheque• Carte Bleue
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
• Amex•Visa• Mastercard• Jcb• Diners Club
• Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
• Amex•Visa• Mastercard• Jcb• Diners Club
• Amex•Visa• Mastercard• Jcb• Diners Club • Bank transfer
• Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Visa• Amex• Mastercard• Jcb• Diners Club
• Bank transfer•Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb•ClubDiners
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
• Bank transfer• Amex•Visa• Mastercard• Jcb• Diners Club
•Amex•Visa • Mastercard• Jcb• Diners Club• Bank Transfer (coming soon)
Moneybookers’ E-Wallet enables...• Consumers to send money to each other
• Only email and password are required for a secure, convenient and high conversion payment transaction
• Merchants to receive money from customers instantly
• Affiliates to receive and distribute funds
• Auction platforms to process money between the participants
Moneybookers: E-wallet and Quick Checkout Payment Gateway
Go shoppingGo shopping
Send moneySend money
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Moneybookers’ Quick Checkout enables...
• Direct processing of all local payment options
• Gateway integration per iframe
• Adaptable look and feel
• High conversion
• “One-click” payment
• Instant status reports
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1 Introduction to Moneybookers
2 Banking 2.0 for Businesses
3 Banking 2.0 for Consumers
4 Banking 2.0: Trends and Key Drivers
Agenda
5 Contact
Market Highlights and Trends in Europe:
• Market is growing with 25% per annum and to 300 billion in 2009• Biggest segments are Travel (38%), Clothing(11%) and Media(10%).
E-Commerce Revenues in Europe: Total growth to $ 300 billion in 2009!
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The payment market becomes more and more fragmented!
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Credit Card payments dominate the global online payment sector by far (59%)
E-Wallets make up already 12% of the global online payment market
Source: EuPD Research, E-Commerce 2007
Breakdown of preferred local payment methods (globally)
E-Wallet
COD – Cash on Delivery
Bank Transfer
Credit Card
Debit Card
Money Transfer
Postal Transfer
Cash Paid in Person by the Buyer
Payment Through a Convenience Store
Cash in the Mail
Pre-Paid Card
Other Method
In Germany Credit Cards make up only a small part of payment methods used for shopping
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Bank transfer (69%) and Direct Debit (54%) are the most widely used payment options in Germany
Cash on delivery is still more widely used than payment via Credit Cards (only 40%, but growing)
Online bank transfer services (Giropay, Sofortueberweisung) and E-Wallets are on the rise
Source: EuPD Research, E-Commerce 2007
Breakdown of preferred local payment methods (Germany only)
Instant payment/bank transfer
Low transaction costs
All currencies supported
All local payment options
No need for local bank accounts
One integration
Risk profiling and fraud control
E-Wallet
...
Traditional Banks
Very fragmented environment Focus on local activities Traditionally slow and complex Need to open local bank accounts Various interfaces, high cost
Internet Payment Options Huge fragmentation Multiple integrations necessary Numerous contracts required
Banking 2.0: Overcoming fragmentation and complexity of the banking and payment industry to enable growth!
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1 Introduction to Moneybookers
2 Banking 2.0 for Businesses
3 Banking 2.0 for Consumers
4 Banking 2.0: Trends and Key Drivers
Agenda
5 Contact
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Micropayments on the Rise
News / Articles News / Articles
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Online PublishingOnline Publishing
MusicMusic
Video/DVDVideo/DVD
Games / MMOPRG’sGames / MMOPRG’s
CommunicationCommunication
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Mobile ContentMobile Content
Technical LiteratureTechnical Literature
PicturesPictures
The micropayments sector experienced a great shift in demand through new online consumption in recent years:
Traditional Payment New Payment
Payment without revealing credit-card/banking details
Quick check out – no need to retype any details
Instant payment (send and receive)
Bank account aggregation, support of multiple payment
options/ various credit cards
The E-Wallet - The safest and quickest way to pay
Low Conversion Rate High Conversion Rate
Higher Revenue
Fear of security leaks
Reservation to enter sensitive data esp. for
smaller values
Phishing attacks
Limited Growth Potential
The rising importance of Micropayments emphasizes security concerns in traditional online payment!
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1 Introduction to Moneybookers
2 Banking 2.0 for Businesses
3 Banking 2.0 for Consumers
4 Banking 2.0: Trends and Key Drivers
Agenda
5 Contact
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Banking 2.0: Trends and Key Drivers
Trend 1: Globalization of websites• Local businesses start selling globally• Domestic customers move money globally (International
money transfer/remittance)
Trend 2: Rise in identity theft and payment fraud• Protect your margins!• Manage payment risk locally! (Scoring models, Blacklists,
local BIN databases, IP checks, Device tracking, Fraud algorithms)
Trend 3: Emergence of new business models• ‘Pay!’ (Social gifting/charities)• ‘Micro Pay!’(Virtual goods, MMOGA)• ‘Pay Out!’(User generated content)• ‘Pay me back!’(P2P payments)
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1 Introduction to Moneybookers
2 Banking 2.0 for Businesses
3 Banking 2.0 for Consumers
4 Banking 2.0: Trends and Key Drivers
Agenda
5 Contact
18
Contact
www.moneybookers.com
Martin OttCo-CEO
Phone: +44 207 608 8462Fax: +44 207 608 1603 Mobile: +44 782 520 4850 [email protected]
Moneybookers Limited Welken House · 10-11 Charterhouse Square London EC1M 6EH UK
Martin OttCo-CEO
Phone: +44 207 608 8462Fax: +44 207 608 1603 Mobile: +44 782 520 4850 [email protected]
Moneybookers Limited Welken House · 10-11 Charterhouse Square London EC1M 6EH UK