CFICC 2010 1ST ROUND Presentation
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Transcript of CFICC 2010 1ST ROUND Presentation
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A COMPREHENSIVE E-SAVINGS SCHEME:A JOURNEY TOWARDS MOBILE WALLET
Group name: BUET Enrooters
Team Leader:Md. Zunaid Baten,Lecturer,EEE, BUET
Members:Syed Bahauddin Alam EEEShakhawat Hosen Tanim URPA B M Rafi Sazzad EEEMd. Nazmus Sakib EEE
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OurBusinessSolution
Collaboration
between telecom &
financial sector
Promotional concept :
My Savings
e-Savings &
transactions for all
income group
Novel concept:
e-Load Center
Existing technology
based e-transaction
Project Overview
towards
Mobile
Wallet
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Situation Based Solutions
To bring the
advantages of e-transactions for more
than 50millioncellphone users
A comprehensive ITbased solution for
attracting more people
to enjoy bankingservices
SOLUTION
Contd.
Most people bereft ofbanking services: onlyaround 19 million bank
accounts in thecountry
SOLUTION
Cellular
communication,though almostubiquitous, not being
extensively utilized formonetary transactions
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Situation Based Solutions
Dissemination of e-
transaction using eventhe simplest mobilephones and
technologicalinfrastructures
A business strategywith the vision of
inspiring savings
SOLUTION
SOLUTION
Culture of savingsmissing among all
income groups
Requirement of
sophisticated cellphones, technology orhigh speed internet for
e-Transactions
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Collaboration
User level integration
e-Load centersMonetary
transaction
Mobile wallet
Additional services
Business Strategy
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Collaboration
One to One model
One to Many model
Contd.
BankMobile
company
Bank
MobileCompany1
MobileCompany2
MobileCompany2
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Collaboration
Many to many model:
With central server Without server
Bank1Mobile
company1
Bank2 Mobilecompany2
Central server
Bank1Mobile
company1
Bank2Mobile
company2
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User Level Integration
Registration:
SMS
GSM/CDMA mobilesets GPRS/EDGE based net
connectivity
(Optional)
Requirements
Received SMSSent SMS
*short code
*national id*
branch code#
A/C successfullycreated.
A/C no:
Pin:
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Monetary transaction
Monetarytransaction
User &Bank
e-Loadcenters
From Bank
User & User
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e-Load Centers
Authorized outlet for transferring cash to
clients bank accounts
Any mobile balance recharging center(like Flexiload of Grameenphone, i-Top
up of banglalink)
Bank(s)
CellularCommunication
E-loadCenters
Client
Collaboration BoughtpackageE-transaction tobank account
E-transaction to
bank account
E-transaction to
bank account10
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Money Withdrawal
Confirmation with pinBearer of pin to bankVerificationMoney withdrawalConfirmation
*Short code *
Account No*
PIN*Amount
*Branch code
#
SMS sent by client
Security code:
matchedAmount: matched
Account no:
matched
Tk
has beensuccessfully
withdrawn from
your Account
no.
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User to User Transaction: MobileWallet
One mobile no wallets
User might be individual or
institution
Any GSM/CDMA mobile phone
will do(JAVA applications not
necessary)
Already expanding concept in the
world(providers: Accenture,Fundamo, MSC etc.)
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ShoppingTicketingBill payRestaurant
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IT usage
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GSM/CDMA mobile communication
GPRS/EDGE based internet conncetivity
Mobile set for the end users Servers
Balance transferring software
Digital Watermarking
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Registration
UserMobileServer
BankingServer
Request 1
Name
National ID
Request 2
Name
National IDConfirmation1Name
National ID
PIN No.
A/C No.
Confirmation2Name
National ID
PIN No.A/C No.
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Money Depositing
Name
AmountDate
Name
Amount
Date
Userse-loadcenters
Mobileserver
Bankingservers
Confirmation2
A/C No.
Amount
Request 1A/C No.
Amount
Request 2
Confirmation1
A/C No.
Amount
Name
AmountDate
Confirmation2
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Balance Transfer
Confirmation
Confirmation
Bank Servers
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Security System : Digital Watermarking
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Extraction
functionChannel
Retrieved information
Key
Original
data
Information to embed
Embedding
function
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Savings or fixedaccount
Money deposit(throughe-loads centers)
Opening account (e-current account)
My savings
Business Process
Registration withMobile
e-transaction :Mobile wallet
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Users
(individuals/institution)
Cash Flow & Cost Benefit
Banksectors
Telecomsectors
Registration fees
Service charge
Transaction fees
SMS chargeregistration
Transaction fees
Balance
checking fees
Banking Service
Loan Based on Data Mining
Service Charge
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Promotional Concept : MySavings
Slogan of My savings or by the
distribution of piggy banks for eachregistered clients
ObjectivesTo encourage saving any amount of money.
To increase overall saving
To boost our pottery industry
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Real Life Implementation
Based on existing technologicalinfrastructure(GSM/CDMA based)
No sophisticated mobile
phone required
No additional establishment cost for e-loadcenters
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Real Life Implementation
National ID cards and machine readablepassports will give digitized information
about the identity of each individual
Collaboration between telecom andpublic/private sector already exists
BillsPay between GP & PDB, Titas Mobitaka between GP & Bangladesh Railway
EasyPay between GP & HSBC
Internet Banking between GP & Dutch Bangla Bank andEastern Bank Limited
Cellbazaar feature provided by GP Contd.22
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Limitations
Network coverage compulsory
Intra/Inter connection delay
Not all mobile users are well
accustomed to text messaging
Security concerns
However..
Mobile communication almostubiquitous in the country
3G communication to expand
in Bangladesh hence better
security expected23
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Thanks to all
Special thanks to..
Mr. Md. Bashir Ahmed, Bangladesh Krishi Bank
Mr. Zakaria Kabir, HSBC
Mr. Golam Kibria, Standard Chartered Bank
Mr. Shamsujjaman Rupu, Banglalink
Mr. Ariffuzzaman Mithu, GrameenPhone
Mr. Khaled Imtiaj Saad,Robi (AXIATA)
Mr. Hasan Morshed, Sony Ericsson
Mr. Syed Kutubuddin Alam, First Security Bank
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Q/A
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