Name: [Billwallet] Adapt and format this activity template according to your idea’s visual style and individual requirements. Please only ensure that you include the allocated name of your Capstone Project on the first slide. MiT Fintech certificate course: Future Commerce MODULE 6 UNIT 3 Activity Template

Billwallet Payment landscape in Singapore has undergone tremendous change and consumers are preferring alternative payment methods over cash. Contactless payments is paving the way for new payment innovation such as mobile wallet electronic payments. 69% of consumer spending in Singapore is made through electronic payments. Many player have introduce mobile payments. Environment

Billwallet Users are facing usability issues with mobile payments ecosystem. Hassle of multiple layers of authentication. Concern over security for financial transactions act as barrier to mobile wallet adoption and overall usage. Merchant processing fee is at higher side as well high per transaction cost. Problem

Billwallet Mobile transactions have increased 118% over the last 5 years. By 2017 Cash will account only 23% of all transaction. Singapore is one of the top 3 cashless countries in the region. Singapore is Ideal market for payment companies. Market

Billwallet Billwallet would be able to tap the huge opportunity by offering a complete end-to-end innovative mobile wallet products and mobile payment platforms. Billwallet would offer SaaS (Software as a Service) application to pay bills to Telcos and merchants. This service bring a hassle free and a secure way to make instant payment for utility bills such as Electricity, Gas, Telephone, Water, etc. Billwallet would be able to provide merchants with lower cost and help them expand their wallet share by increasing customer loyalty. Solution