new delhi, india, 14 march 2013 innovations in mobile money vijay mauree, programme coordinator, itu...

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New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU [email protected] ITU Workshop on “ICT Innovations in Emerging Countries(New Delhi, India, 14 March 2013)

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Page 1: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

New Delhi, India, 14 March 2013

Innovations in Mobile Money

Vijay Mauree,Programme Coordinator, ITU

[email protected]

ITU Workshop on “ICT Innovations in Emerging Countries”

(New Delhi, India, 14 March 2013)

Page 2: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Overview of Presentation

ICT Innovations RepositoryMobile Money Financial ServicesTypes of Mobile Financial ServicesMobile Proximity PaymentsMobile Payments : Financial InclusionStandardization

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Page 3: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

ICT Innovations Repository

The Innovations Repository contains non-exhaustive information about activities on ICT innovations in emerging economies globally.212 ICT InnovationsRepository hyperlink:

• http://www.itu.int/en/ITU-T/focusgroups/innovation/Documents/repository-innovation-v2-may2012.docx

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Page 4: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Various Sectors in which ICT Innovations are being implemented

e-Health e-Educatione-Bankinge-Agriculture Mobile Payment / Mobile Financial Servicese-Environmente-Commerce/Tradee-Governancee-Journalism Rural Mobile ConnectivityProviding electricity in Remote areas e-Transport

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Page 5: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile Money Technology Watch Report

Analysis published under Technology Watch Report on Mobile MoneyReport is in two parts

NFC Mobile PaymentsEnabler for financial inclusion

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Page 6: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile Financial Services

No universal definition for the term mobile money

Mobile money refers to financial transactions and services that can be carried out using a mobile device such as a mobile phone or tablet. These financial transactions and services are sometimes referred to as mobile financial services and may or may not be linked directly to a bank account

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Page 7: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile Financial Services

Lack of global standardsInteroperability Regulatory issues

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Page 8: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Types of Mobile Financial Services

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Mobile Payments (P2P, B2C/C2B)Proximity Mobile PaymentsRemote Payments

Mobile Money Transfer (P2P)DomesticInternational

Mobile Banking

Page 9: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Spectrum of Mobile Payments

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Page 10: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile Proximity Payments

Mobile WalletsGoogle WalletISIS WalletMastercardVisa

Mobile Phone as a PoSSquareVerifone

Cloud YesPay, Mobito

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Page 11: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile Wallets

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Page 12: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile as POS

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Page 13: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile Payments : Financial Inclusion

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Page 14: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile Money : Financial Inclusion

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Applications of Mobile Money in Emerging

Economies

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Page 15: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile Money Transfer

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Technologies usedUSSDSecure STKWAPApplication

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Page 16: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile Money Transfer

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Page 17: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Mobile Payments : Ecosystem

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Bank CentricMNO CentricPartnership

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Page 18: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Standardization

ITUISOGlobal PlatformNFC ForumGSMASmart Card Alliance

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Page 19: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Standardization

Areas to considerSecurity of transactionsMobile Payment architecture

Proximity NFC paymentsCloud based payment

Interoperability for smartphone applicationsMobile Money Focus Group

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Page 20: New Delhi, India, 14 March 2013 Innovations in Mobile Money Vijay Mauree, Programme Coordinator, ITU Vijay.mauree@itu.int ITU Workshop on ICT Innovations

Thank You

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