BUET- Octavian Deliberators : Hasan Habibul Latif Sheikh Al Amin

Scenario 1 I am in a bus and Forget to bring my wallet My wallet is lost and taken buy a mugger The bus conductor will insult or throw me out if I don’t pay the money

Scenario 2 My father does business He ask me to pick up 50,000 taka from a client I take the stated amount from a client In my way to home I get robbed My eyes are hurt because the robber used a special ointment to block my vision

Scenario 3 I am in a remote Island like St. Martin I am not an intelligent spender I realize that my cash is finished Doesn’t know anyone to ask for some cash

Problem Insecurity in money portability. Scenario 2 Unavailability of money transfer. Scenario 3 Time consuming money transfer. Scenario 1 Besides Effective online payment system. Scarcity of small currency.

Mcash System Opened by a bank account. Connects bank account & cell phone. Stored value unit account. Provides secure payments.

Actors Bank Mobile Operator Customer Distributor

Bank Agreement with Mobile operator. Generate a software. Setup IT team for maintenance. Agreement with Distributors. Provide Customer Care.

Mobile Operator Collect additional information to open a bank account during registration. Provide relation between Bank & Customer. Maintain SMS transaction.

Customer MCash unit transfer via SMS. Buy and sell products by transferring units. Take and refund loan via SMS. Pay the bills.

Distributor Provide security money to bank. Provide cash in-out service. Possess security service.

Account Launching

Balance In-Out

Transaction

Loan

Information Technology Mobile SMS: Interaction with bank. Cash in-out process. Unit transaction. Notification and confirmation SMS.

Information Technology( Contd. ) Content Server: Provide Value Added Services. Collect and send SMS to the content server by network router. Transfer SMS to the client server. Client Server: Parse the SMS. Collect necessary information.

Balance Transfer Information Mobile opetator server Content server How will it work?

Information Technology( Contd. ) Software:  Registration: o Receive request and gather all information from Mobile operator. o Create user accounts. o Send notification to each account.

Information Technology( Contd. ) Software :  Money Transaction : o Check and update database for money transaction. o Send notification to user.  Cash in-out: o Check and update database for balance transfer. o Send notification to user.

Information Technology( Contd. ) Software:  Loan system: o Check maximum limit and allow loan. o Update database of both deposit and loan account. o Show status of both accounts.

Software Requirements: Effective and efficient software development team. Use of C#, PHP or JAVA SERVLET. Linux server. Database: Powerful database system. Use of Oracle, Mysql, SQL-SERVER.

Cost Analysis

Cost Analysis for Bank Assuming 1 million customers each having 5000 TK in Average. Total Income …………………… m Variable Cost………………… m Contribution Margin…………. 556 m Fixed Cost……………………… m Net Operating Income……… m

Break-even Analysis for Bank 1010Q = 454Q , 00,000  Q = 1, 79,857

Cost Analysis for Mobile Operator Assuming 1 million customers doing 400 million SMS transaction per year. Total Income …………………… m Variable Cost………………… m Contribution Margin…………. 616 m Fixed Cost……………………….. 80 m Net Operating Income……… m

Real Life Implementation New system for opening bank account. Person to person Bill payment Money orders Money transactions in shopping Ticketing Coupons Pay cab fares Take and repay loan in Banks

Cost Analysis for Bank

Cost Analysis for Mobile Operator

Use Case Model

Mcash Registration Loan Loan repayment Money transaction user bank Registration, transaction and loan system mobile operator user

Mcash recharge Recharge through distributor Recharge through Bank Update bank account > user bank distributor Mcash Recharge Subsystem mobile operator

Cash-out Cash-out through distributor Cash-out through bank Update bank account > user bank distributor Cash-out Subsystem Mobile operator