<>. VISA The Payments Ecosystem VISA Barriers to Scale Interoperability Infrastructure KYC.

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Presentation transcript:

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VISA The Payments Ecosystem

VISA Barriers to Scale Interoperability Infrastructure KYC

Mobile POS Mobile Card Technology Transforming Merchant Acceptance

Biometric Authentication – Opening Account User Agent Financial Institution Opening Account Biometric POS Authenticate

Biometric Authentication – Financial Transaction User Agent Financial Institution Systems Integration Biometric POS Authenticate Transaction & Settlement

Mobile Branchless Banking: Off to a Good Start…

…But a Problem Hitting Scale Sources: CGAP, Branchless Banking Database Implementations with > 200k active users Live branchless banking implementations launched after in11

Mobile Money Networks Closed loop Ecosystems Evolution Strategy Mobile Money. Enables Mobile Money Operators to offer unbanked consumers with closed-loop mobile money account Examples Agent Send Money Pay Bills

Mobile Money Networks Example: Orange/Visa Launch

Mobile Money Networks Closed loop Ecosystems Evolution Strategy Mobile Money. Enables Mobile Money Operators to offer unbanked consumers with closed-loop mobile money account Mobile Prepaid Ecosystem Expansion. Expand reach of mobile money ecosystem to global payments provider’s merchant network. Open-Loop Phase 1 Global Payments Network += OrangeExamples Agent Send Money Pay Bills Agent Send Money ATM eCommerce Merchant

Risk of Fragmentation and Inefficiencies AcceptanceFinancial Account

Economies of scale through interoperability AcceptanceFinancial Account SharedNetwork

Mobile Money Networks Closed loop Interoperable Network Ecosystems Evolution Strategy Mobile Money. Enables Mobile Money Operators to offer unbanked consumers with closed-loop mobile money account Mobile Prepaid Ecosystem Expansion. Expand reach of mobile money ecosystem to global payments provider’s merchant network. Fully Interoperable End State. Connect mobile money programs of different mobile network operators and acceptance points. Open-Loop Phase 1 Global Payments Network += OrangeExamplesmVisa Agent Send Money Pay Bills Agent Send Money ATM eCommerce Merchant

Key Take Aways Technology innovation is a key driver for unlocking scale An enabling regulatory environment is a foundational element for greater financial inclusion Private Public Partnership is an essential component to achieving shared goals