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Mobile Wallet White Paper Launch of Part One

Mobile Wallet White Paper Launch of Part One. Mobey Forum’s perspective. Mobey Forum, facilitates the adoption and deployment of mobile financial services (MFS) on a global scale, and provides an industry-wide forum for all industry players in mobile financial services.

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Mobile Wallet White Paper Launch of Part One

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  1. Mobile Wallet White PaperLaunch of Part One

  2. Mobey Forum’s perspective • Mobey Forum, facilitates the adoption and deployment of mobile financial services (MFS) on a global scale, and provides an industry-wide forum for all industry players in mobile financial services. • When it comes to mWallets, there is a race going on: all the big players have entered to offer mWallets. E.g Google, but also several first-tier MNOs are working on their own mWallet solutions • The most essential part of wallets is payment. However, there is not has not yet been a commonly agreed, shared perspective of BANKS to mWallets.

  3. Participants Bank of America BPCE BNP Paribas DnB NOR Nykredit Swiss Post Finance Lloyds TSB SWIFT Nokia Giesecke & Devrient Misys Peaches

  4. Purpose and Scope • This is the first part in a series  of papers on mobile wallets, especially from Mobile Financial Industry’s perspective • The series of papers will act as Guidelines to Banks on what are the requirements and business propositions for mobile wallets from financial industry perspective • Mobey Forum sees value in clarifying the terms and use cases for mobile wallets, as a starting point • Later on, we will work with mobile Wallets from various other perspectives, including control points in mobile wallets, business models in developing markets, regulation & security issues

  5. Common synonyms for mobile wallet Mobile Purse Digital Wallet Virtual Wallet Electronic Purse/electronic Wallet Mobile Money

  6. Definition of the mobile wallet • A Mobile Wallet is a wallet for the 21st century. It represents functionality on a mobile device that can securely interact with digitized valuables. • Above all, Mobey Forum strongly believes in and promotes the concept of the mobile wallet as an open platform rather than a system limited to the provider’s partnerships. • Parallels: calendar and email capabilities. When the mobile wallet is an open platform, the ultimate decision on opting for and managing services rests with the user. • From a branding point of view, the wallet could very well be white-labelled, and the choice left to the user as to what services and brands the user connects to this. Branded services and goods exist within the wallet, not on top of the wallet.

  7. Questions?

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