How should we Pay tomorrow? - PowerPoint PPT Presentation

Loading...

PPT – How should we Pay tomorrow? PowerPoint presentation | free to download - id: 1b6adb-ZDc1Z



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

How should we Pay tomorrow?

Description:

Card. Electronic. Credit Notes. Kind. and TODAY is CHANGING ... Air-miles to Cash. Real time vs Near Time. Instant. Delayed. Batch. Physical vs Remote ... – PowerPoint PPT presentation

Number of Views:23
Avg rating:3.0/5.0
Slides: 17
Provided by: somnat4
Learn more at: http://www.iba.org.in
Category:
Tags: accept | air | america | bank | card | cards | credit | mile | miles | of | online | pay | tomorrow

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: How should we Pay tomorrow?


1
How should we Pay tomorrow?
  • H.Srikrishnan
  • Executive Director

2
How we Pay today?
  • Population 1 Billion
  • Pay by
  • Cash
  • Cheque
  • Card
  • Electronic
  • Credit Notes
  • Kind
  • and TODAY is CHANGING

3
Composition of Todays Payments
  • CORPORATE 30
  • GOVERNMENT 70
  • RETAIL/INDIVIDUAL- Insignificant

4
Wholesale Payments - Today
  • CHEQUES
  • 1047 clearing houses 42 MICR centres
  • 27.5 Lac cheques daily avg volume
  • 150,000 cr daily avg value
  • VS
  • RTGS
  • 650 centers 10,000 branches
  • 60,000 cr daily avg volume
  • Data Source RBI

5
Retail Payments-Today
  • Cards
  • 50 Million cards
  • 16,000 ATMs
  • 150,000 POS
  • 20,000Cr Non Cash Payments
  • VS
  • E-Commerce
  • B2C 540 crs in 2004-5
  • Cards , Direct Debit, Cash on Delivery
  • Data source Venture Infotek
  • Internet and Online Assn. of India

6
Need For Expertise
  • Micro vs Macro
  • Government Payments
  • Private /Public Partnerships
  • Convergence
  • Barter vs Real
  • Air-miles to Cash
  • Real time vs Near Time
  • Instant
  • Delayed
  • Batch
  • Physical vs Remote

7
New Business Models drive Payments
  • Business Models
  • eProcurement
  • eInvoicing
  • eFinancial Supply Chain
  • On-line exchange
  • Automation, integration
  • Web-enablement as Levers
  • Banks Shift from Transaction focus to Value
    driven Solution focus

Internet based Transaction processing /
Reporting
EBPP/EIPP
Accepting Processing Web Payments
Bank-To-Bank Financial EDI
Electronic Banking over Proprietary Network
8
Centralization/Outsourcing
9
Adoption Trends
Web-enabled, Universal payment channel
Multi-bank access through single, standard open
channel
Direct EDI enabled channel/Proprietary Networks
Low Integration/Automation Capability
High Integration/Automation Capability
10
India _at_ 2005 A Sanity Check
Automation
  • Predominantly paper-based process
  • Gradual emergence of ECS, EFT, RTGS
  • Minimal inter-org information sharing
  • (Low proliferation of end-to-end solutions like
    eFinancial Supply Chain)
  • Poor Internet penetration among Mid sized
    corporates
  • Offerings predominantly designed on proprietary
    network

Web-enablement
Integration
11
Service Ambition for Payments
  • Pay
  • Who-ever
  • When-ever
  • in any currency
  • Provide
  • Instant Value
  • With no settlement delays
  • Privacy and Security guarantee.
  • Identity establishment
  • Authentication

12
How will we pay tomorrow
  • One wallet
  • Payment
  • Remote
  • Via Internet and Mobile
  • Proximity
  • Via RFID , Blue Tooth
  • Devices
  • PC equivalent
  • PDA/Mobile
  • Smart Chip -embedded devices

13
Key Considerations
  • Open systems
  • Banks
  • Telcos, ISPs, Businesses
  • Cost of payment
  • Paper vs Card vs EM commerce
  • Division/Region, Enterprise-wide and Country wide
  • Security
  • Identification and Authentication
  • Multi-Factor
  • Biometrics- Speech and Touch
  • Eco-Money
  • Usability
  • Environmental Friendly

14
Preparing for tomorrow
  • Organization
  • National Payments Council
  • Payments Vision
  • Participation
  • Beyond Banks
  • Open systems
  • Platform
  • Communication
  • Security
  • Legal and Regulatory framework

15
Government Large Business
RTGS Online
B2B,B2C,B2G,B2E
Multi Factor and Biometrics
Single Sign-On
B2B,B2C,B2G,B2E
Multi Security
Mid size Business
Multi Factor
P2P, P2B,G2P,B2P
Two Factor
Individuals Small Business
Cards E-commerce M-commerce
E-commerce M-commerce Supply Chain
E-commerce Supply Chain Online Exchanges
16
About PowerShow.com