Alternative Models for Mobile Wallets
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Transcript of Alternative Models for Mobile Wallets
Summary
• Models to explore - Emerging Countries p. 4
– The MicroFinance Hub p. 5
– The Health Insurance Ecosystem p. 7
– The MicroSavings System p. 8– The MicroSavings System p. 8
• Models to explore – Developed Countries p. 9
– The Private Wallet Model: Loyalty and Payment p. 10
– The Next Generation of Loyalty Account p. 11
– The Wallet as a Secured Container p. 12
• About Us p. 14
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Introduction
• The main challenge for a Mobile Wallet Provider
is more to succeed in a deployment (number of
active users) rather than to close a deal
• In order to be successful, the Mobile Wallet
Deployment requires:
– A Solid Use Case
– Some Packaging around it
– End-to-end User Experience
– An EcoSystem
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Models to explore – Emerging countries
• The Microfinance Hub
– Provide a Wallet infrastructure to the MicroFinancecommunity
• The Health Insurance Ecosystem
– A Payment system involving all medical Stakeholders
• The Micro-Savings System
– Specific Savings Ecosystems, e.g.: School Fees
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The Micro Finance Hub
• Micro Finance Institutions: targets without budget
– Micro Finance Institutions (MFIs) are primary targets for Mobile Wallets providers but they cannot afford thesetechnologies
• No Interoperability for Existing Mobile Wallets
– Mobile Operators and Banks Wallets Services are not interconnected
– A single system for MFIs would prevent fraud by sharing information in a Unique Information System
• A Service Provider to build and manage the Hub
– Financial Institution: PostBank/Savings Bank,
State-owned, or a Commercial Bank
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Shared Mobile Wallet Platform for MicroFinance
Mobile Wallet
Micro Finance
Institution 1
MFI 2MFI n
MFI n+1
End-User
Mobile Acc.
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Mobile WalletPlatform
Financial
Institution
Service Provider
Credit Bureau
MobileOperatorCompanye-commerce/M-commerce
Store
Mobile Acc.
The Health Insurance Ecosystem
• A Market opportunity
– A growing need for Health care in the Developing World
– Most public policies are failing
– Costs still afordable compared to developed markets
• Including health professionals into the Ecosystem• Including health professionals into the Ecosystem
– Negotiating wholesale prices for medicine
– Building a network of Health professionals
• Partnering with Charities and Administrations
– A lot of Funding available
– Building Image and Brand Awareness Worldwide
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The Micro-Savings System
• Flexibility and availability
– The account can be blocked for one purpose
– The Mobile Wallet for ‘Impulse Saving’
• The School Fees Example
– Comprehensive Loyalty features– Comprehensive Loyalty features
– Building an Ecosystem around the service
– Include MOOCs and content as additional features
• Combining insurance and savings
– Insurance fees and micro-capital combined
– Examples: Health care, Crop insurance
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Models to explore – Developed markets
• The Private Wallet Model: Loyalty and Payment
– The Starbucks example / The Fuel App Example
• The Next Generation of Loyalty Account
– Loyalty and a lot more …
• The Wallet as a Secured Container
– Blockchain Technology and cryptocurrencies
– HCE-secured NFC
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The Private Wallet Model: Loyalty and Payment
• No regulation to comply with
– It is nothing more than a Loyalty Stored-Value Account
• Easy to sell and to implement
– No Ecosystem to build with multiple stakeholders
• The Starbucks example
– Order ahead and skip the queue
• The Fuel App example
– From Fuels cards to Fuel Apps
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The Next Generation of Loyalty Account
• A Mobile Account that stores money, loyaltypoints, rewards, coupons and vouchers
• Localization Services for retail
– Using Specific Technologies, customers are
identified when approaching / entering the store
– Push Customized Offers– Push Customized Offers
– Analyze Customer’s Journey
• Enhanced Features with Social Networks
• The technologies which add value
– Bluetooth LE / Android Eddystone / Apple iBeacon
– NFC / HCE
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The Wallet as a Secured Container
• A Payment and Identity Aggregator Vault…
– Store you Credit / Debit Cards
– Cryptocurrencies e.g. Bitcoins
– Identities e. g. Social Security
– Any confidential Information– Any confidential Information
• … with Additional Security
– Blockchain Technology
– Tokenization
– Multi-factor Authentication
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More information and contacts
• LinkedIn:
https://fr.linkedin.com/in/emmanuelgpaul
• Web:
ibdevconsulting.comibdevconsulting.com
• Email:
• Phone:
+33 6 49 35 05 46