Slide 1

Virtual Money TransactionBUET- Octavian

Deliberators :Hasan Habibul LatifSheikh Al Amin

Scenario 1I am in a bus andForget to bring my walletMy wallet is lost and taken buy a mugger The bus conductor will insult or throw me out if I dont pay the money

Note for point 1: Carrying money will always be hazardous; however, the risk almost certainly increases in proportionto the amount of cash being carried. Perhaps more important than the potential for loss of theactual cash is the risk of violence or even death to employees (and others present) during arobbery.2Scenario 2My father does businessHe ask me to pick up 50,000 taka from a clientI take the stated amount from a clientIn my way to home I get robbed My eyes are hurt because the robber used a special ointment to block my vision

Note for point 1: Carrying money will always be hazardous; however, the risk almost certainly increases in proportionto the amount of cash being carried. Perhaps more important than the potential for loss of theactual cash is the risk of violence or even death to employees (and others present) during arobbery.3Scenario 3I am in a remote Island like St. Martin I am not an intelligent spender I realize that my cash is finishedDoesnt know anyone to ask forsome cash

ProblemInsecurity in money portability.Scenario 2Unavailability of money transfer. Scenario 3Time consuming money transfer.Scenario 1Besides Effective online payment system. Scarcity of small currency.

Note for point 1: Carrying money will always be hazardous; however, the risk almost certainly increases in proportionto the amount of cash being carried. Perhaps more important than the potential for loss of theactual cash is the risk of violence or even death to employees (and others present) during arobbery.5Money Transaction by SMSMcash SystemOpened by a bank account.Connects bank account & cell phone.Stored value unit account.Provides secure payments.

ActorsBankMobile OperatorCustomerDistributorBank Agreement with Mobile operator. Generate a software. Setup IT team for maintenance. Agreement with Distributors. Provide Customer Care.Mobile OperatorCollect additional information to open a bank account during registration. Provide relation between Bank & Customer. Maintain SMS transaction.

10CustomerMCash unit transfer via SMS. Buy and sell products by transferring units. Take and refund loan via SMS. Pay the bills.Distributor Provide security money to bank. Provide cash in-out service. Possess security service.Account Launching

Balance In-Out

Transaction

Loan

Information Technology Mobile SMS: Interaction with bank. Cash in-out process. Unit transaction. Notification and confirmation SMS.

Information Technology(Contd.)Content Server: Provide Value Added Services. Collect and send SMS to the content server by network router. Transfer SMS to the client server.

Client Server: Parse the SMS. Collect necessary information.

BalanceTransferInformation

Mobile opetator server

Contentserver

How will it work? 19Information Technology(Contd.)Software: Registration: Receive request and gather all information from Mobile operator. Create user accounts. Send notification to each account.

Information Technology(Contd.) Software: Money Transaction: Check and update database for money transaction. Send notification to user. Cash in-out: Check and update database for balance transfer. Send notification to user.

Information Technology(Contd.)Software: Loan system: Check maximum limit and allow loan. Update database of both deposit and loan account. Show status of both accounts.Software Requirements: Effective and efficient software development team. Use of C#, PHP or JAVA SERVLET. Linux server.

Database: Powerful database system. Use of Oracle , Mysql, SQL-SERVER.

Cost Analysis

Cost Analysis for BankAssuming 1million customers each having 5000 TK in Average.

Total Income ..1010 m Variable Cost.. 454 m

Contribution Margin. 556 mFixed Cost.. 140 m

Net Operating Income.. 416 mBreak-even Analysis for Bank

1010Q = 454Q + 1000, 00,000 Q = 1, 79,857Cost Analysis for Mobile OperatorAssuming 1million customers doing 400 million SMS transaction per year.

Total Income .. 950 m Variable Cost.. 334 m

Contribution Margin. 616 mFixed Cost.. 80 m

Net Operating Income.. 536 mReal Life ImplementationNew system for opening bank account. Person to personBill paymentMoney ordersMoney transactions in shoppingTicketingCouponsPay cab faresTake and repay loan in Banks Thank You

Cost Analysis for Bank

Cost Analysis for Mobile OperatorUse Case Model33Mcash RegistrationLoanLoan repaymentMoney transaction

userbankRegistration, transaction and loan system

mobile operator

userMcash rechargeRecharge through distributorRecharge through BankUpdate bank account

userbankdistributorMcash Recharge Subsystem

mobile operator35Cash-outCash-out through distributorCash-out through bankUpdate bank account

userbankdistributorCash-out Subsystem

Mobile operator