Nets Day 2014 Finland case eika floer

Mobile payment - Project Eika Kredittbank AS

Karl-Richard Floer

Director card and Payments Helsinki, 10th September 2014

Some key trends

• Use of smartphones is growing fast.

• Consumers prefer mobile over PC for internet banking

• Consumers require simplicity and trust the security on mobile payments

• Merchants are more positive to contactless payments.

• Limited phones are equipped with NFC

A consequence of market change in the digital world.

The mobile revolution/evolution….

How will mobile payments affect other industries?

• We will shop more online

• PayPal is aggressive on the marketing

• Big distributors as Google, FB etc. are in the market and fast adapt new solutions in to the market

• From national to international solution in general

International players will take a larger share of the payments

Competition in our home market Who will win and who will follow?

http://www.google.no/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=4AZDBx6W11ZrwM&tbnid=Ilpfe4J8m69l8M:&ved=0CAUQjRw&url=http://vector-magz.com/search/visa-card-logo-vector-free-download/&ei=OH6bUqDpMYnl4QT21YHoCA&bvm=bv.57155469,d.bGE&psig=AFQjCNGTbLPjCeDVr4BumbK3M0F8HE5cJg&ust=1386008485851951

http://www.google.no/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=oZJSekd2KgiflM&tbnid=3uvyYV6a0huhCM:&ved=0CAUQjRw&url=http://techonomy.com/2013/06/ebays-paypal-china-payment-license-in-sight/&ei=q4abUqW4CoGZ4gT2hoHwBQ&bvm=bv.57155469,d.bGE&psig=AFQjCNHAV9EP6VtOmfcRA5JW0bCA8N1Irw&ust=1386010593845250

http://www.google.no/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=-f5B2_Togp7PUM&tbnid=T7xi9XibUAoE2M:&ved=0CAUQjRw&url=http://de.wikipedia.org/wiki/Google_Wallet&ei=MIebUv_nGOvU4wTel4GYAQ&bvm=bv.57155469,d.bGE&psig=AFQjCNHVajH6kH3wkJT_wXjFRh9b5d_v_A&ust=1386010739835721

http://www.google.no/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&docid=RGDzE9V-v5HcnM&tbnid=ZyH_ACWd5hFarM:&ved=0CAUQjRw&url=http://marcommnews.com/american-express-and-trip-advisor-team-up-with-range-of-travel-offers/&ei=KPX5U42CLavb4QSk1oDwDA&bvm=bv.73612305,d.bGE&psig=AFQjCNGImOBqhGCMODtYqpIYwmA1vHJbdQ&ust=1408976551232347

The local bank in the pocket Digital wallet has to be there

The Eika project…. Step-by-step

The Eika project…. Our pilots across the country

http://www.rorosbanken.no/

http://www.sparebankennarvik.no/

http://www.oppdalsbanken.no/

http://www.hsbank.no/

http://skuesparebank.no/privat

Debit cards:

• 7000 cards Credit cards:

• 6000 cards Phone

• 100 Iphone in test on NFC

The Eika project…. Status - Cards and Mobile

Next steps

1Q15

• 200 employees in pilot on SIM NFC

2Q15

• Customer in our banks in pilot will get offer to get SIM NFC

2016

• All banks will get mobile wallet.

The Eika project…. The way forward

The Eika project…. Digital wallet from Nets - Pilot Q115

The local bank in the pocket Digital wallet has to be there - Part 2

Success is to work together Global standards framework for digital payments

What is happening in other markets?

Date post:	17-Jun-2015
Category:	Presentations & Public Speaking
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Nets Day 2014 Finland case eika floer

Presentations & Public Speaking