Pastoralism, payments for ecosystem services (PES) and ecosystem-based adaptation
The Payments Ecosystem
description
Transcript of The Payments Ecosystem
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VISA
The Payments Ecosystem
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VISA
Barriers to Scale
Interoperability
Infrastructure
KYC
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Mobile POS
Mobile Card Technology Transforming Merchant Acceptance
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Biometric Authentication – Opening Account
User
Agent
Financial Institution
Opening Account
Biometric POS
Authenticate
Authenticate
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Biometric Authentication – Financial Transaction
User
Agent
Financial Institution
Systems In
tegration
Biometric POS
Authenticate
Authenticate
Transaction
&Settlement
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Mobile Branchless Banking: Off to a Good Start…
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…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
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Mobile Money Networks
Closed loop
Ecosystems
Evolution Strategy
Mobile Money. Enables Mobile Money Operators to offer unbanked consumers with closed-loop mobile money account
Examples
Agent Send Money
Pay Bills
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Mobile Money Networks Example: Orange/Visa Launch
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Mobile Money Networks
Closed loop
Ecosystems
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.
Open-Loop Phase 1
Global Payments Network
+ =
OrangeExamples
Agent Send Money
Pay Bills Pay Bills
Agent Send Money
ATM
eCommerce
Merchant
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Risk of Fragmentation and InefficienciesAcceptance Financial Account
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Economies of scale through interoperability Acceptance Financial Account
Shared Network
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Mobile Money Networks
Closed loop Interoperable Network
Ecosystems
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.
Open-Loop Phase 1
Global Payments Network
+ =
OrangeExamples mVisa
Agent Send Money
Pay Bills Pay Bills
Agent Send Money
ATM
eCommerce
Merchant
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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