5. Mobile Financial Services Use cases
mBanking
Check balance
Manage cards
Pay bills
Authentication
Transfer money from accounts to accounts
Authenticate
securely to a
web site (wPKI, mPayment
mOTP)
Peer to merchant
Pay merchant
NFC payment
Pay a merchant Mobile Financial mPayment
with an NFC Peer to peer
phone Services
Transfer money to
somebody in the
same country
Mobile Wallet
Un-banked people Air time transfer
can access to
financial services
Top up
Transfer air time
Mobile money
transfer
Transfer money to
a person abroad
6. Implementation schemes: SMS
User Operator
System Security Friendly Transaction cost Service Availability
SMS Low Low Moderate High
7. Implementation schemes: WAP and JME
User Operator Internet
System Security Friendly Transaction Cost Service Availability
HTML/WAP Moderately High Moderately High Low Moderate
JAVA / JME Moderately High High Low Moderately Low
8. Implementation schemes: USSD
User Operator
System Security Friendly Transaction Cost Service Availability
USSD Moderate Moderate Moderate Moderate
9. Implementation schemes: IVR
Operator Voice Channel User
System Security Friendly Transaction Cost Service Availability
IVR Moderate Low High High
10. Implementation schemes: SIM BROWSING
User Operator BANCO
System Security Friendly Transaction Cost Service Availability
SMS/S@T High High Low High
11. Friendly, Easy, Security
Reset P
Any Mobile Phone Data Bus
r mBanking Mobile Wallet
Vcc o
Un mundo de
c
Vss
servicios e
micro ROM
s EEPROM RAM Crypto
I/O
financieros al s
(OS)
o Mobile money
alcance de r transfer Air time transfer
Clock
todos!
Address Bus
mPayment mPayment
Peer to peer Peer to merchant
12. Security
End 2 End Security
Authentication
Confidentiality Integrity
Mobile Financial
Services
Algorítmo de Seguridad
3 DES
Non
Access Control repudiation
15. NFC + Contactless Payment
Chip + Antenna
(Integrates at the same
Mobile device)
Shared services
To reload PayPass thru your
banking account
ICCID
Mobile Application
18. Mobile Banking && Payment
Colombian case study
Luis Alberto Leguizamon
19. Mobile Banking Colombia
As a result of the Banks’ need to reach more users every day and taking into account
the growth of the Mobile Telephony whose technology is available 24 hours a day, 7
days a week; the Mobile Banking Concept was born in Colombia.Therefore, it was
established a strategy to design a solution which may offer among other benefits:
USER FRIENDLY
Dinamic STK menues ALWAYS
No short codes
No keywords needed
No strings of data
Explicit transactional flow
Dynamic session (The user always knows next step)
No user trainings needed
MOBILE BANKING - CONFIDENTIAL
20. Mobile Banking Colombia
As a result of the Banks’ need to reach more users every day and taking into account
the growth of the Mobile Telephony whose technology is available 24 hours a day, 7
days a week; the Mobile Banking Concept was born in Colombia. Therefore, it was
established a strategy to design a solution which may offer among other benefits:
MASS
MAS Market coverage
DSTK applet (SIM CARD)
SMS Channel usage
Device independant
MOBILE BANKING - CONFIDENTIAL
21. Transactions in September 1.010.315
Commercial Launch
Commercial Launch
Commercial Launch
Commercial Launch
Commercial Launch
Total Transactions: 17.180.358
24. STATISTICS
• + 370K users registered
• + 4,2 millions of Balance Inquiry (+45% total transactions)
• + 1 million of prepaid reloads (+15% total transactions)
• + 73K found transfers
• + 50K Services payment (launched on Oct/2008)
• + 2,3 millions attempt of registry process (+20% total transactions)
• + 22K new users per month
• + 37 millions of Cellular phones ready to be used
• Today, more than 1 millions transactions per months
+ 11.5M TRANSACTIONS DURING LAST YEAR
