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© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 1
Mobile Payments
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 2
Mobile Payments
Mobile payments have captured industry
attention. At the moment, there are
initiatives and innovations and there are
investments in mobile payments. But,
there are inhibitors too
The technology at play for the various payment
mechanisms and the barriers to adoption
allows us to understand where business must
focus to stay on top of the mobile payments
trend
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 3
Mobile Payments Ecosystem
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 4
Mobile Payment Categories
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 5
Benefits and Opportunities
• Infrastructure in place and has existing account holders that can improve the velocity and volume of business
Financial Institutions
• Can influence networks to opt for their chips / devices thus ensuring increased sales and market share.
SIM/ Handset Manufacturers
• An opportunity to partner with banks and FIs to increase revenues even as MNOs bring better value to their subscribers
Mobile Network Operators
• Number of customer’s bank accounts, wallets and payment cards can be dematerialized and transferred to the mobile device
Consumers
• Provide faster checkout and the ability to send real time marketing messages and offers. Mobile payments can also lower the cost of transactions
Merchants
• Their (e.g. Paypal) linkages to social networks give them the ability to seed and grow social mobile commerce.
Alternate Payment Providers
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 6
Functional Mobile Payment Architecture
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 7
Advantages to the Consumer
• A mobile device delivers timely alerts on transactions and account details
• Loyalty programs are linked to mobile numbers & can be combined with mobile payment methods.
• A mobile device can consolidate several cards and other payment methods including a mobile wallet
• Consumers can monitor and control spends better using a mobile device
Convenience Flexibility
Real Time More
Innovation
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 8
Barriers to Adoption
Merchants have been unable to create
compelling models that offer greater conveniences
than existing modes of payment
NFC payment terminals are expensive. This is being set
right by global majors like Citi, MasterCard and Visa
promoting chip-based cards
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 9
Future of Mobile Payments
Smart phone saturation and usage (social
networking, banking, etc.) suggests that
consumers are ready for mobile payments
Consumer comfort is a major driver in new money
management processes
Stringent mobile payment solutions around cards,
that meet regulatory requirements to address
fraud, are being rapidly deployed worldwide.
Consumers will begin to transact with merchants
who offer the most convenience
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 10
For more details please visit the link below:
http://www.wipro.com/Documents/mobile-payments.pdf
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 11
Wipro set up the Council for Industry Research, comprised of domain
and technology experts from the organization, to address the needs of
customers. It specifically surveys innovative strategies that will help
customers gain competitive advantage in the market. The Council, in
collaboration with leading academic institutions and industry bodies,
studies market trends to help equip organizations with insights to
facilitate their IT and business strategies.
For more information on the Research Council visit
www.wipro.com/insights or mail wipro.insights@wipro.com
About Wipro Council for Industry Research
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 12
About Wipro Technologies
Wipro Technologies, the global IT business of
Wipro Limited (NYSE:WIT) is a leading Information
Technology, Consulting and Outsourcing company,
that delivers solutions to enable its clients do
business better. Wipro Technologies delivers
winning business outcomes through its deep
industry experience and a 360 degree view of
“Business through Technology” – helping clients
create successful and adaptive businesses. A
company recognised globally for its comprehensive
portfolio of services, a practitioner’s approach to
delivering innovation and an organization wide
commitment to sustainability, Wipro Technologies
has over 140,000 employees and clients across 57
countries.
For more information, please visit www.wipro.com
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 13
Thank You ©Wipro Limited, 2013. All rights reserved.
For more information visit www.wipro.com
No part of this document may be reproduced in
whole or in part without the written permission of the
authors.
Wipro is not liable for any business outcome based
on the views presented in this document. For specific
implementation clients should take advise from their
client engagement manager.