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Mobile Payment Technology

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by

Mike Hong

on 4 May 2015

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Transcript of Mobile Payment Technology

Threat of New Entrants
Things to Consider
Mobile Payment Technology
Impact
Financial Institutions
The Rise of Cryptocurrency
Opportunities
Challenges
Fiat Currency
Future Trends
Current Regulations
Regulation Principle
Positive -> Negative
Business Registration
Transaction below $3M without capital stock
Security
Fin tech company responsible for self-security monitoring
Separation of Financial Capital from Industrial Capitalists
US 25%, Italy 15%, Japan 20% - Industrial capitalist can own bank
Mobile Finance
:
Is the World Ready for the Next Step?


Direct Carrier Billing
Virtual Cards
M-Wallet
In-App Payment
Consumers
Retailers
Technology Adoption
Collaborations
Competition
Data Application
Four Payment Technologies
Retailers
Global Banks
Payment Technology
Defend and Extend Strategy

Protect current revenue stream
Interchange Fees
New tolls by non-traditional players
Digital Wallet
Capture customer value
Ads, promos and loyalty revenue
New technology services

Potential Gains/Losses
Next Steps?
Source: PwC
NFC
New Trends/Challenges
Emergence of new players
Dis-intermediation of Banks
Lack of Information
Early-stage companies and limited prudential & consumer risk
Fraud and frequent failures

Possible Systemic Implications
Emergence of Alternative Payment Networks
Regulatory Concerns
Consumer Ownership
Intensified Competition
New Business Models
Lifestyle
Purchase Experience
Security
Financial Stability
Conduct & Fairness
Prudential Regulation
Competition & Development
Source: Bluecoat
Source: Cointelegraph
Source: appinions
Source: appinions
Source: appinions
Source: McKinsey & Co.
Regulation
Looking Forward
Background
Source: PwC
Fiat Currency vs. Cryptocurrency
Statutory Instrument

Political/Economical Reasons
The Economists: Jake|Howard|Mike|Sungmin|Kunhee|Emma
References
http://www.pwc.com/us/en/financial-services/publications/viewpoints/assets/fs-viewpoint-mobile-payment-revenue-opportunities.pdf

https://www.bluecoat.com/company-blog/2014-09-30/rise-bitcoin-how-protect-your-digital-currency

http://dj.appinions.com/mobile-payments-influence-study-feb-2014/

www.mckinsey.com/~/media/mckinsey/dotcom/client_service/financial%2520services/latest%2520thinking/payments/mop18_global_payments_trends_challenges_amid_rebounding_revenues.ashx+&cd=1&hl=en&ct=clnk&gl=hk

http://www.alixpartners.com/en/Publications/AllArticles/tabid/635/articleType/ArticleView/articleId/1149/The-Innovation-Commitment.aspx#sthash.1uudPS8C.dpbs
Full transcript