Download - Alliance for Financial Inclusion

erosjellySecurity

Feb 23, 2014 (3 years and 3 months ago)

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VISA

The Payments Ecosystem

VISA

Barriers to Scale

Interoperability

Infrastructure

KYC

Mobile POS

Mobile Card Technology Transforming
Merchant Acceptance

Biometric Authentication


Opening Account

User

Agent

Financial Institution

Biometric POS

Authenticate

Biometric Authentication


Financial Transaction

User

Agent

Financial Institution

Biometric POS

Authenticate

Transaction

&

Settlement

Mobile Branchless Banking: Off to a Good
Start…

…But a Problem Hitting Scale

Sources: CGAP, Branchless Banking Database

Implementations with > 200k active users

120

0

100

80

60

40

Live branchless banking

implementations launched after 2007

120

20

11


1 in11

Mobile Money

Networks

Closed loop

Ecosystems

Evolution
Strategy

Mobile Money
.
E
nables

Mobile
Money Operators to
offer
unbanked
consumers with closed
-
loop mobile
money account

Examples

Agent

Send
Money

Pay Bills

Mobile Money

Networks Example:

Orange/Visa Launch

Mobile Money

Networks

Closed loop

Ecosystems

Evolution
Strategy

Mobile Money
.
E
nables

Mobile
Money Operators to
offer
unbanked
consumers with closed
-
loop mobile
money account

Mobile Prepaid Ecosystem Expansion.
Expand

reach of mobile money
ecosystem to global payments provider’s
merchant network
.

Open
-
Loop Phase 1

Global
Payments
Network

+

=

Orange

Examples

Agent

Send
Money

Pay Bills

Pay Bills

Agent

Send
Money

ATM

eCommerce

Merchant

Risk of Fragmentation and Inefficiencies

Acceptance

Financial Account

Economies of scale through interoperability

Acceptance

Financial Account

Shared

Network

Mobile Money

Networks

Closed loop

Interoperable Network

Ecosystems

Evolution
Strategy

Mobile Money
.
E
nables

Mobile
Money Operators to
offer
unbanked
consumers with closed
-
loop mobile
money account

Mobile Prepaid Ecosystem Expansion.
Expand

reach of mobile money
ecosystem to global payments provider’s
merchant network
.

Fully Interoperable End State.

Connect
mobile money programs of different
mobile network operators and
acceptance points.

Open
-
Loop Phase 1

Global
Payments
Network

+

=

Orange

Examples

mVisa

Agent

Send
Money

Pay Bills

Pay Bills

Agent

Send
Money

ATM

eCommerce

Merchant

Key Take
Aways


Technology innovation is a key driver for unlocking scale



An enabling regulatory environment is a foundational
element for greater financial inclusion



Private Public Partnership is an essential component to
achieving shared goals