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The status and future of mobile payments in Nordics The status and future of mobile payments in Nordics

The status and future of mobile payments in Nordics - PowerPoint Presentation

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The status and future of mobile payments in Nordics - PPT Presentation

Juha Risikko The Head of Mobile amp Emerging Payments Juha Risikko 19092012 2 Four building blocks for the strategy Payments landscape is in rapid ID: 788437

payment mobile person payments mobile payment payments person easy fast amp nordea bankid post number services 2012 juha risikko

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Slide1

The status and future of mobile payments in Nordics

Juha Risikko, The

Head

of Mobile &

Emerging

Payments

Slide2

Juha Risikko • 19/09/2012

2

Slide3

Four

building

blocks

for the strategy

Slide4

Payments

landscape

is in

rapid change

driven by smart

phone

adoption

4

“Google Wallet is one of the

biggest investments we’ve made at Google for a very long time

“Payments is the second largest revenue generator for the Facebook. It accounted for around 15 percent of Facebook’s $3.7 billion of revenue in 2011.”“By 2020, we predict that more than half of all our transactions will be carried out on a mobile device.”“More than two million businesses and entrepreneurial individuals are accepting payment using Square’s mobile card reader in US.”

Slide5

New p

ayments

battleground

is crowded

by the new players

Slide6

New entrants

follow

various

business models

– the most common one currently is

intermediation

6

Slide7

Banks

have

a

too complex

check-out process for e- and especially

m-commerce

.

7

7

General 3-step

strategy

of the new playersBanks’ current offeringChip-and-PIN: easy, fast and universal payment serviceE-com:Visa/MC 3Dsecure, online banking paymentsTransfers in Internet-bankCash

In-store paymentsMobile & Electronic CommercePerson-to-person paymentsConsumersMerchants

The

weaknesses

Weak

p

re

&

post-payment

services

. No

mobile-integrated

service

.

Too

complex

payment

process

User

experience

could

be

much

simpler

than

it

is

today

.

The

new

offering

Mobile

integrated

experience

with

strong

pre-

and

post

payment

services

Easy

and

fast

payment

with

p

re-

and

post

payment

services

.

Easy

and

fast

P2P

payment

to

receiver’s

phone

number

.

Slide8

The battle field is especially fierce in Sweden

4 December 2012

8

Source

: DIBS,

www.dibspayment.com

Slide9

The new competition

represents

a

threat

to Nordea

Slide10

Focus

in

easy

domestic

person-to-person

payments

Slide11

2

Today a cooperation

Slide12

3

Why?

We want to offer a fast, simple and modern way to pay

Person- to Person Payments

From ordinary bank account

Mobile number as alias

Alternative to cash

Real time

Slide13

4

User situations

Slide14

Security

Security have highest priority

6

Mobilt BankID

Nordea

Nordea

Slide15

7

Getting started

Slide16

6

5

6

7

Mobile

BankID

opens

1

2

Open the Swish-app

State mobile number and amount

State message

Sign with PIN-code for Mobile

BankID

Receipt34The receiver gets an message about the payment.

PayThe payer starts Swish, sends money and gets a receipt The receiver gets an notificationNordea

Slide17

The

value

of mobile &

emerging

payments for Banks

17

Slide18

Think about

Juha Risikko • 19/09/2012

18