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Money transfer operators Bill payment providers Merchants and Stores Financial institutions Payment networks Ericsson M-Commerce Interconnect Ericsson Wallet Platform Ericsson Converged Wallet Interconnect Mobile operator M-commerce eco-system All financial services in your pocket Mobile payments and person-to-person money transfers are forecast to become some of the most used mobile applications in the next years. Fast-tracking this growth will be the opportunity for a new ecosystem to globally connect different mobile networks, banks and digital m-wallet services to allow them to work together across systems, currencies and borders. This will open up new revenue streams for mobile network operators, merchants and banking partners while increasing ease of access to money payments for consumers. Service providers Access cards Access cards for i. e work, home and car. Credit cards Credit cards and bank account access securely stored in phone. Coupons Coupons from stores for rebate or monetary value in electronic format. Loyalty cards Instead of plastic cards, loyalty program membership is stored in mobile. Money transfer International and domestic Person-to-person Person-to-company Person-to-machine Pocket money Electronic cash deposit for small purchases. M-commerce industry is set for huge growth and is expected to process over 800 billion USD globally by 2016. In the developing markets the key driver is banking the unbanked. In the developed, it is payments going mobile. Mobile Wallet The wallet is a container where virtually any financial service can be kept. Bank account, coupons, credit cards, loans, money transfer etc. Everything in your regular wallet can be transferred to the mobile wallet. The mobile phone can be connected to all the accounts you already have. Bank accounts. According to World Bank, estimates only 1.5 billion people in the world have a bank account. Mobile phone but no bank account. In 2012 there will be over 1.7 billion people without a bank account that have access to mobile phones, according to estimates by the Consultative Group to Assist the Poor (CGAP). Market drivers EXPECTED MASS MARKET BY 2016 150 domestic mobile-wallet initiatives are being run around the world, but these systems are not currently connected to the global financial eco-systems. This limits usability and attractiveness for consumers. 1.7 billion subscribers worldwide are served by charging and billing solutions from Ericsson. Presence in 180 countries. 1.7 billion subscribers served by Ericsson billing and charging systems. Ericsson’s role in contributing to the fast adoption of m-commerce services • Providing an easy way for mobile operators to offer their subscribers mobile wallets. • Interconnecting mobile operators and the financial world to create a global m-commerce ecosystem. 350 billion USD sent to developing countries in 2011. International money transfer – migrant workers sending money to their country of origin – represents one of the largest single payment markets in the world.
