Alternative Models for Mobile Wallets
0 likes190 views
The document discusses various models for mobile wallets in emerging and developed markets. For emerging markets, it proposes a microfinance hub model where a single wallet platform connects multiple microfinance institutions. It also outlines models for a health insurance payment ecosystem and microsavings systems for school fees. For developed markets, it describes private wallet models for loyalty programs, and a next generation loyalty account that stores multiple payment and reward types. It also discusses wallet models using blockchain and cryptocurrencies.
Alternative Models for Mobile Wallets
- 1. Alternative models for Mobile Wallets IBdev Consulting
- 2. 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 All Rights reserved - © IBdev Consulting
- 3. 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 All Rights reserved - © IBdev Consulting
- 4. Models to explore – Emerging countries • The Microfinance Hub – Provide a Wallet infrastructure to the MicroFinance community • The Health Insurance Ecosystem – A Payment system involving all medical Stakeholders • The Micro-Savings System – Specific Savings Ecosystems, e.g.: School Fees All Rights reserved - © IBdev Consulting
- 5. 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 these technologies • 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 All Rights reserved - © IBdev Consulting
- 6. Shared Mobile Wallet Platform for MicroFinance Mobile Wallet Micro Finance Institution 1 MFI 2 MFI n MFI n+1 End-User Mobile Acc. All Rights reserved - © IBdev Consulting Mobile Wallet Platform Financial Institution Service Provider Credit Bureau Mobile OperatorCompanye-commerce/M-commerce Store Mobile Acc.
- 7. 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 All Rights reserved - © IBdev Consulting
- 8. 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 All Rights reserved - © IBdev Consulting
- 9. 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 All Rights reserved - © IBdev Consulting
- 10. 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 All Rights reserved - © IBdev Consulting
- 11. The Next Generation of Loyalty Account • A Mobile Account that stores money, loyalty points, 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 All Rights reserved - © IBdev Consulting
- 12. 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 All Rights reserved - © IBdev Consulting
- 13. More information and contacts • LinkedIn: https://fr.linkedin.com/in/emmanuelgpaul • Web: ibdevconsulting.comibdevconsulting.com • Email: ep@ibdevconsulting.com • Phone: +33 6 49 35 05 46
- 15. THANK YOU