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© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 1 Mobile Payments
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Mobile Payments

Nov 19, 2014

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Economy & Finance

Mobile payments have captured industry attention. At the moment, there are initiatives and innovations and there are investments in mobile payments. But, there are inhibitors too
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Page 1: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 1

Mobile Payments

Page 2: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 2

Mobile Payments

Mobile payments have captured industry

attention. At the moment, there are

initiatives and innovations and there are

investments in mobile payments. But,

there are inhibitors too

The technology at play for the various payment

mechanisms and the barriers to adoption

allows us to understand where business must

focus to stay on top of the mobile payments

trend

Page 3: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 3

Mobile Payments Ecosystem

Page 4: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 4

Mobile Payment Categories

Page 5: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 5

Benefits and Opportunities

• Infrastructure in place and has existing account holders that can improve the velocity and volume of business

Financial Institutions

• Can influence networks to opt for their chips / devices thus ensuring increased sales and market share.

SIM/ Handset Manufacturers

• An opportunity to partner with banks and FIs to increase revenues even as MNOs bring better value to their subscribers

Mobile Network Operators

• Number of customer’s bank accounts, wallets and payment cards can be dematerialized and transferred to the mobile device

Consumers

• Provide faster checkout and the ability to send real time marketing messages and offers. Mobile payments can also lower the cost of transactions

Merchants

• Their (e.g. Paypal) linkages to social networks give them the ability to seed and grow social mobile commerce.

Alternate Payment Providers

Page 6: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 6

Functional Mobile Payment Architecture

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Advantages to the Consumer

• A mobile device delivers timely alerts on transactions and account details

• Loyalty programs are linked to mobile numbers & can be combined with mobile payment methods.

• A mobile device can consolidate several cards and other payment methods including a mobile wallet

• Consumers can monitor and control spends better using a mobile device

Convenience Flexibility

Real Time More

Innovation

Page 8: Mobile Payments

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Barriers to Adoption

Merchants have been unable to create

compelling models that offer greater conveniences

than existing modes of payment

NFC payment terminals are expensive. This is being set

right by global majors like Citi, MasterCard and Visa

promoting chip-based cards

Page 9: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 9

Future of Mobile Payments

Smart phone saturation and usage (social

networking, banking, etc.) suggests that

consumers are ready for mobile payments

Consumer comfort is a major driver in new money

management processes

Stringent mobile payment solutions around cards,

that meet regulatory requirements to address

fraud, are being rapidly deployed worldwide.

Consumers will begin to transact with merchants

who offer the most convenience

Page 10: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 10

For more details please visit the link below:

http://www.wipro.com/Documents/mobile-payments.pdf

Page 11: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 11

Wipro set up the Council for Industry Research, comprised of domain

and technology experts from the organization, to address the needs of

customers. It specifically surveys innovative strategies that will help

customers gain competitive advantage in the market. The Council, in

collaboration with leading academic institutions and industry bodies,

studies market trends to help equip organizations with insights to

facilitate their IT and business strategies.

For more information on the Research Council visit

www.wipro.com/insights or mail [email protected]

About Wipro Council for Industry Research

Page 12: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 12

About Wipro Technologies

Wipro Technologies, the global IT business of

Wipro Limited (NYSE:WIT) is a leading Information

Technology, Consulting and Outsourcing company,

that delivers solutions to enable its clients do

business better. Wipro Technologies delivers

winning business outcomes through its deep

industry experience and a 360 degree view of

“Business through Technology” – helping clients

create successful and adaptive businesses. A

company recognised globally for its comprehensive

portfolio of services, a practitioner’s approach to

delivering innovation and an organization wide

commitment to sustainability, Wipro Technologies

has over 140,000 employees and clients across 57

countries.

For more information, please visit www.wipro.com

Page 13: Mobile Payments

© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 13

Thank You ©Wipro Limited, 2013. All rights reserved.

For more information visit www.wipro.com

No part of this document may be reproduced in

whole or in part without the written permission of the

authors.

Wipro is not liable for any business outcome based

on the views presented in this document. For specific

implementation clients should take advise from their

client engagement manager.