Digital Payment and Its application in Nepalese Context Presenters: Ginish Jung Dahal (17307) Salim Lal Awale (17302)

Table of Contents Introduction Evolution and Current status Before starting our presentation Evolution and Current status What we do Business Impact Our awesome projects Success and failure Stories Our brand new ideas Possibility in Nepal Marketing research and our data Conclusion and Recommendations Keep it touch!

INTRODUCTION

Introduction The payment made for goods and services through the use of internet (Cohn, 2001) Payment of goods, products, services, data, and information electronically rather than cash or any paper-based processes like cheque. Also called as electronic payment The Power of PowerPoint | thepopp.com

Types of Digital payment Cards payment Internet payment Mobile payment Digital wallet payment Biometric payment Bit coin payment Financial services kiosks Person-to-person payment

Mobile Payment A transfer of funds in return for a good or service, where the mobile phone is involved in both the initiation and confirmation of the payment. Money rendered for a product or service through a portable electronic device such as a cell phone, a Smartphone or a wearable. Convenient and secure way

Types of Mobile payment M-commerce Mobile browser used for purchasing items from an online retailer where the payment information is stored on cloud. M-Payment A point-of-sale (PoS) transaction made or received with a mobile device. M-Wallet A convenient way for a user to make in-store payments and can be used at merchants listed with the mobile wallet service provider.

Evolution of Mobile payment

Status of Mobile Payment

Users of Mobile payment

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Mobile payment in countries

Business Impact (Positive)

Continued…

Business Impact (Negative) Chance of stealing data leads to over expenses Not applicable everywhere Hardware Incompatibility

Success stories of Mobile Payment System WeChat in China Started as messaging app later introduced red packet(2014) to exchange money electronically. Earns from money transfer fees of 0.1% Chinese tradition into application to attract large number of customers Paytm(2014) in India First online Wallet and online payment capabilities in India. Convert cash based economy into cashless economy. Change in Policy to abolish Rs500 & Rs1000(86%) led people running for idle cash for transactions. Starbucks It launched mobile card app(2009) which let customers display a barcode to be scanned at POS. In 2013 11% of its revenue comes from its mobile wallet i.e. 4 million mobile payment a week.

Success stories of Mobile Payment System WeChat in India 889 million active users in China. Performed poorly outside Chinese boundaries. China government had blocked any foreign competitors to compete in China.

Possibility of Mobile Payment in Nepal Khalti E-Sewa It is a form of digital wallet from where customers can send and receive money from their mobile phone over the internet, instantly. Khalti is a payment gateway that has been providing a range of services including online mobile recharge, bill payments, online ticketing and many more.

Key Takeaways Increase Bandwidth & Reduce Cost Digitization of Government Receipt and Payments Foster private sector innovation Liberalize Government Regulations

Marketing Goals Liberalize Government Regulations Increase Bandwidth & Reduce Cost Government regulator needs to liberalize the licensing procedure for obtaining payment service provider license. Development of infrastructure for digital payment, increasing the internet bandwidth and reducing the cost of internet connection. Digitization of Government Receipt and Payments Foster private sector innovation Digitize government payments and receipts, including social transfers. It will encourage people to use digital payment and have faith on the system. Create an enabling environment that fosters private-sector innovation. Governments need to offer a clear vision and tangible incentives in order to ensure that the private sector is an effective, competitive, transparent, and efficient partner.

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