CFICC 2010 1ST ROUND Presentation

8/4/2019 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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CFICC 2010 1ST ROUND Presentation

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