Mobile
Payment
Mobile payment eco-systems for cash-based economies
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This mobile commerce solution opens up the mobile payment potential of emerging economies, where bank accounts are the exception rather than the rule. Subscribers use cash to top-up their phones with users enjoying the convenience of on-the-spot, on-the-go top-ups form street corner resellers, kiosks and convenience stores. In a next evolutionary step subscribers load STK-based wallets with cash to make person-to-person phone transfers, domestic and international remittances and micro payments with just an SMS message. Subscribers have new possibilities for convenient payments, transfers and revenue streams and merchants
benefit from these new revenue channels alike. |
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Solution's key features
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Associated technology
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- Integrated mobile payment and settlement system
- SMS-based transactions
- Stores wallet on the phone
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- Stores value in securely managed wallet in a server
- Service delivery platform
- Card client uses an STK application
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Operator benefits
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End -user value
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- Delivers new opportunities in emerging economies
- Positions the operator at the hub of mobile payment
- Speeds generation of ‘critical mass’ required for mobile payment to
flourish
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- Easy to use, text and SMS-based transactions
- Provides convenient, anywhere anytime payment
- Eliminates ‘cash in transit’ risks
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For more information, contact
wireless.partners@gemalto.com
Download the full
2008 Gemalto Solutions Catalogue.
