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The Payments Ecosystem

The Payments Ecosystem. VISA. Barriers to Scale. VISA. Infrastructure. KYC. Interoperability. Mobile Card Technology Transforming Merchant Acceptance. Mobile POS. Biometric Authentication – Opening Account . Agent. Opening Account. Authenticate. User. Biometric POS. Authenticate.

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The Payments Ecosystem

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  1. The Payments Ecosystem VISA

  2. Barriers to Scale VISA Infrastructure KYC Interoperability

  3. Mobile Card Technology Transforming Merchant Acceptance Mobile POS

  4. Biometric Authentication – Opening Account Agent Opening Account Authenticate User Biometric POS Authenticate Financial Institution

  5. Biometric Authentication – Financial Transaction Agent Systems Integration Authenticate User Biometric POS Transaction & Settlement Authenticate Financial Institution

  6. Mobile Branchless Banking: Off to a Good Start…

  7. …But a Problem Hitting Scale 120 120 100 80 1 in11 60 40 20 11 0 Live branchless banking implementations launched after 2007 Implementations with > 200k active users Sources: CGAP, Branchless Banking Database

  8. Mobile MoneyNetworks Pay Bills Closed loop Ecosystems Send Money Agent Examples Evolution Strategy Mobile Money. Enables Mobile Money Operators to offer unbanked consumers with closed-loop mobile money account

  9. Mobile MoneyNetworks Example: Orange/Visa Launch

  10. Mobile MoneyNetworks Closed loop Open-Loop Phase 1 Pay Bills Pay Bills Ecosystems + = Send Money Agent Send Money Agent Global Payments Network Merchant ATM eCommerce Examples Orange Evolution Strategy Mobile Money. Enables 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.

  11. Risk of Fragmentation and Inefficiencies Financial Account Acceptance

  12. Economies of scale through interoperability Financial Account Acceptance Shared Network

  13. Mobile MoneyNetworks Interoperable Network Closed loop Pay Bills Pay Bills Open-Loop Phase 1 Ecosystems Send Money Agent Send Money Agent + = Global Payments Network Merchant ATM eCommerce Examples Orange mVisa Evolution Strategy Mobile Money. Enables 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.

  14. 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

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