Pocket POS
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The following information is strictly confidential, is to remain in-house at Nedbank Group, is for in-house purposes only, and may not be disseminated to outsiders. Attendees and staff members are reminded that they are legally bound by all constraints imposed upon them in regard to privacy of Bank information whether in terms of their contracts of employment including the declaration of secrecy, and/or any and all codes and policies relating to conduct, including those restrictive as to share dealings, and in particular insider trading.
NEDBANK GROUP INNOVATION
PAYMENTS INNOVATION - POCKETPOS
CHRIS WOOD
HEAD: GROUP INNOVATION
@CJWZA
The evolution of payments had a slow start…
Barter
3000 BC: The Shekel
180 grains of barley
(11 grams)
Chinese: The Cowry shell
Precious metals
600BC: Coins
7th Century:
Paper money
1816: The gold std
1950: Diners 1959 (‘72): ATM 92: 1st chip card ‘81: 1st online bank
1717: BoE
printed 1st
cheque
‘95: Contactless
3
But without a doubt, the future is mobile…
In South Africa:
• Mobile phone penetration is measured at
greater than 100%
• More users access the net through their
mobile device than traditional desktops
• More digital goods are bought on mobile
phones than physical goods
• But…The rate of growth of “real world”
products is rising at a faster rate than that
of digital products
• As smartphone penetration increases,
payment capabilities and user
experience will increase the sale of
physical product through mobile
4
Which is changing consumer’s buying behaviour
5 2011 2012 2016
$106bn
$617bn
$172bn
Source: Gartner
Mobile payments will represent US$ 617bn by 2016…partially new
money, but largely disintermediation of current bank revenues
Gartner indicates 52
payments based innovations
across the Hype Cycle, while
the whole of Banking and
Investment services together
reflect only 33!
6
Innovation @ Nedbank
Home Page
8
Driving Innovation with Payments in Mind
• The first ever EMV certified mobile payments device to
be launched in Africa
• Turns your mobile phone or tablet into a card
accepting device
• Allows small or mobile business and sales people to
accept payments wherever there is a cell signal
• Reduces the need to deal with cash and reduces cash
deposit fees
• Call out services can be paid on site, rather than waiting
for online payments to be made, which are often delayed
• Smaller and cheaper than traditional Point of Sale
devices, allowing more businesses to accept cards
• Available as an app download on Apple, Android and
Blackberry devices
9
And we believe the mobile payments landscape is OPEN
App Development Type
Provision of an Application Programming Interface (API) for wider adoption…
Open API
Partner
Development
Integrators
Available for download directly from Nedbank
Multiple Operating systems Style guide included (Nedbank CI
where applicable)
Nedbank develops an app solution together with strategic partners
Third party developers assist to integrate into partner environment
Nedbank payment capability integrated into Retail integrators e.g. Micros solution
Integrators supply payment capability
Single Payment API made readily available to be used across devices
Nedbank as a trusted partner in payments acceptance and development in mobile
10
Thank you!
Please visit the and stand outside!
CHRIS WOOD
HEAD: GROUP INNOVATION
@CJWZA