Alternative Models for Mobile Wallets

Alternative models for

Mobile Wallets

IBdev Consulting

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

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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


Models to explore – Emerging countries

• The Microfinance Hub

– Provide a Wallet infrastructure to the MicroFinancecommunity

• The Health Insurance Ecosystem

– A Payment system involving all medical Stakeholders

• The Micro-Savings System

– Specific Savings Ecosystems, e.g.: School Fees


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 thesetechnologies

• 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


Shared Mobile Wallet Platform for MicroFinance

Mobile Wallet

Micro Finance

Institution 1

MFI 2MFI n

MFI n+1

End-User

Mobile Acc.


Mobile WalletPlatform

Financial

Institution

Service Provider

Credit Bureau

MobileOperatorCompanye-commerce/M-commerce

Store

Mobile Acc.

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


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


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


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


The Next Generation of Loyalty Account

• A Mobile Account that stores money, loyaltypoints, 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


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


More information and contacts

• LinkedIn:

https://fr.linkedin.com/in/emmanuelgpaul

• Web:

ibdevconsulting.comibdevconsulting.com

• Email:

[email protected]

• Phone:

+33 6 49 35 05 46

THANK YOU

Alternative Models for Mobile Wallets

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