M-Payment

MO-GS : M Payment / Mobile Merchant

Electronic Voucher Distribution

Enables management & disbursement of inventory items and virtual stock e.g. airtime vouchers, electricity vouchers, salaries, prepaid fuel or food, money transfers, etc.

Acquiring

POS, Mini-ATM & Mobile transaction acquiring, switching, clearing, and settlement. Merchant Management and settlement.

Electronic Funds Transfers

EFT and transaction switching for card, cash, account and other transaction token types.

IssuingCard MO'GS

Banking the unbanked, the issuing of credit cards, debit cards, virtual cards, private label card, gift cards etc.

Billing and treasury

Bill payments and enables third party payments and collections, facilitates funds disbursement schemes such as pension funds, lottery, medical aid, etc. Ensures that all financial transactions are accounted for.

Technology

A proprietary solution that encompasses various modules:

  • EFT Switch
  • Mobile Merchant
  • Application on mobile device
  • Issuer Application
  • Web Miner
  • Interface for air-time
  • Interface to MIP and
  • VAP
  • Log Server

True multi terminals compatible : different POS/ATM can be integrated to the Merchant Server using Adapter module.

IT Infrastructure

Normal hosting : network and security setup and maintenance, daily backups, 24/7 access control and network monitoring Cabinet, hardware, all communication lines, switch/ hub, and firewalled.

Secure Servers : full financial transactions using IP and internet based transactions.

  • 24/7 capable support
  • 24/7 access to hosting facility
  • PCI DSS Compliant

Demo

Mobile Payment Market

Market - TransactionsMobile payment MO'GS

  • In 2007 about 2,7 bn transactions where executed via mobile (Gartner, 2007)
  • In 2011 about 816 million people are projected to regularly use banking services via a mobile phone and execute 37 bn transactions (Gartner, 2007)


Market - Cards

  • Total Annual Market size : 3,5 billion cards sold in 2007 (IDC, 2007)
  • Average Annual Market Growth : 20% until 2020 (IDC, 2007)
  • 1/3 will be powered by independent Card Operating System manufacturers and provided by Independent Card Makers (IDC, 2007)

Customers Expectations

  • Freedom to use their money as they wish, without the need for a bank account
  • Always on and the convenience of personal budget management (24/7)
  • Reduces risk factor linked to cash thanks to multi-functional applications ie. allowing customers to pay in stores, receive funds, withdraw cash, clear an invoice and all of this by using a mobile phone
  • Enables users to transact anytime and from anywhere

Example of a mobile payment application

The Challenge

  • M-Banking solution in an emerging market to reach unbankables

The SolutionSMS Payment method MO'GS

  • Launch of processing platform: payroll solution
  • Based on GPRS network with SMS
  • Turnkey project: transaction engine to cards total project management

Tangible results

  • Processing millions of transactions every year
  • Lunch of POS
  • Complete conversion of cash to virtual payments
  • Completion time : less than 10 months 

Case

Leading South Pacific Bank

How it works

  • Software designed for ANZ Bank and installed on Bank's : server integration with their existing Internet banking facility.

Revenues

  • Fee for M-banking facility
  • Transaction costs
  • Cross-sell over to bank's other services.

Business model

  • One-off set-up costs
  • Only license renewal fees year on year.