Combined model of smart cities and electronic payments

Ralf-Martin Soe and Olga Mikheeva

Tallinn University of Technology

CEDEM17

CASESCity Region

Policy-Driven/ Bottom-Up Level of urban digitalization

Level of integrated payment systems

TallinnNorthern Europe

Bottom-upHigh level of urban digitalization

(smart city services via X-road and electronic Identity)

To be analysed (cross-border approach)

HelsinkiNorthern Europe

Bottom-upHigh level of urban digitalization

(Helsinki is ranked as top 6 European Smart City)

To be analysed (cross-border approach)

Singapore East AsiaPolicy-driven High level of urban digitalization

(Singapore is ranked as top 1 smart city)

To be analysed

Hong Kong East AsiaPolicy-driven High level of urban digitalization

(labels itself as a global leading smart city)

To be analysed

SMART CITY CONCEPT

Smart City components

Giffinger, European

Comission, Cohen

Manville et al (EC):

Smart Economy:• E-business and e-commerce, increased productivity, • ICT-enabled and advanced manufacturing and

delivery of services; • ICT-enabled innovation: new products, new services

and business models

Batty et al.

What about smart cities and financial services?●Improving Mobility: Minimising Disruption, Producing Better Quality Travel Experiences, MinimisingEnergy Consumption●Improving the Use of Resource such as Energy: Smart Sensors and Grids●Enabling Integrated Design of Built Environments: Through ICT, Local Networks, WLAN, Cloud Services●Providing Access to Public Information: Open Data and Transparency●Improving Citizen Participation: Engaging Wider Circles of Citizens in Relevant Decisions●Improving Democratic Decision-Making: Through New Methods of Information Delivery to Citizens and Methods for Online Engagement●Improving Retailing/Commerce: Delivering Better Information and Access to Consumers and Producers in Real and Online Environments●Enabling Better Housing Choices: through Access to Capital, Information about Supply●Delivering Better Information to Urban Management: Through a Variety of Media such as Dashboards and Other Interfaces●Providing Services for Building Integrated ICT Platforms: Providing Integrated IS at Different Scales●Providing Integrated Data Services: Adding Value to Data, Opening DataSource: Batty et al.

E-Invoices spread

INITIATIVES

OCTOPUS: HONG KONG

EZ-CARD: SINGAPORE SINGAPORE

DIGITAL RECEITPS: EE and FIVISION: Access to all receipts via Internet and/or accounting software

Two weeks in the

Europe = 170 000

such boxes

See on alampealkiri

Cross-border solutions

Conclusion

City RegionPolicy-Driven /

Bottom-Up Level of urban digitalization

Level of integrated payment systems

TallinnNorthern Europe

Bottom-up, digital payments as part of e-governance

agenda / solutions High High

HelsinkiNorthern Europe

Bottom-up, digital payments are recognized as part of

digital economyHigh High

Singapore East AsiaPolicy-driven and centralized,

‘smart finance’ is part of ‘smart nation’

High High

HongKong

East AsiaPolicy-driven but somewhat

fragmented, early mover and among top smart cities

High High

Thank you!Ralf-Martin.Soe@ttu.ee