Credit Card + Mobile Phone
E-xecutive announces a great, in my opinion, initiative - the creation of an international payment system using a mobile phone!
Details below - but in my opinion - just a plague .. ;-)
The GSM Consortium, an international consortium of cellular operators (GSMA) and MasterCard Worldwide, announced the creation of a global system to transfer money abroad using a mobile phone.
In the pilot project, designed for six months, will participate
19 mobile operators serving about 600 million customers in more than a hundred countries.
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As the general director of the GSM Association Rob Conway said at a press conference, the pilot project is currently starting in Italy with the support of operators such as Telefonica , TelecomItalia , Vodafone Italy .
The program is mainly designed for migrant workers who send money to families. The cost of translation services can reach a quarter of the amount sent. GSMA representatives hope to reduce these costs by almost a third.
The calculation, according to GSMA project manager in emerging markets, Ben Sopbitt , is based on the fact that mobile phones are more accessible than bank accounts. Indeed, only now out of 6.5 billion people in the world, 1 billion people have a bank account, 2.5 times more tubes are used. Thanks to the GSMA program, the number of recipients of international transfers by 2012 should reach 1.5 billion people, and the market volume should be $ 1 trillion.
At the first stage of the program, the sender will be able to transfer by phone the money that is in his bank or card account. But then it will be enough those funds that are on the operator’s subscriber account. The required amount will need to be sent to a number in another country, the recipient will know about the receipt of money by receiving a plain text message.
“Mobile phones will help promote credit cards in developing
countries and create opportunities for new types of calculations, ”says MasterCard senior vice president Dana Lorberg .
According to a source familiar with the program, testing will begin in Italy, India, Bahrain and the Philippines. India is the largest recipient of international transfers from migrants: it accounts for 10% of the world market. Mobile transfers will be the country's largest mobile operator Bharti Airtel and State Bank of India . Bharti Airtel is negotiating with a foreign mobile operator and bank, with which it will test the new system.
Philippine Smart Communications is preparing to launch several pilot projects together with mobile operators and banks in Bahrain and Italy, where there are many workers from the Philippines. And the British Vodafone announced that it was planning a pilot project for Kenyan workers living in the UK. Vodafone manages the Kenyan mobile operator Safaricom , which is already engaged in mobile transfers.
In Russia, of the operators of the Russian “big three” about their readiness to
the future to join the system has already been reported by the management of VimpelCom . “For VimpelCom, this is very interesting, because in the countries where the companies of the group work, there are a lot of guest workers, on whom this system is designed,” said Alexander Izosimov, General Director of the company. In addition, Alexander Izosimov said that, most likely, VimpelCom "will be the second wave of development of this program."
Details below - but in my opinion - just a plague .. ;-)
The GSM Consortium, an international consortium of cellular operators (GSMA) and MasterCard Worldwide, announced the creation of a global system to transfer money abroad using a mobile phone.
In the pilot project, designed for six months, will participate
19 mobile operators serving about 600 million customers in more than a hundred countries.
')
As the general director of the GSM Association Rob Conway said at a press conference, the pilot project is currently starting in Italy with the support of operators such as Telefonica , TelecomItalia , Vodafone Italy .
The program is mainly designed for migrant workers who send money to families. The cost of translation services can reach a quarter of the amount sent. GSMA representatives hope to reduce these costs by almost a third.
The calculation, according to GSMA project manager in emerging markets, Ben Sopbitt , is based on the fact that mobile phones are more accessible than bank accounts. Indeed, only now out of 6.5 billion people in the world, 1 billion people have a bank account, 2.5 times more tubes are used. Thanks to the GSMA program, the number of recipients of international transfers by 2012 should reach 1.5 billion people, and the market volume should be $ 1 trillion.
At the first stage of the program, the sender will be able to transfer by phone the money that is in his bank or card account. But then it will be enough those funds that are on the operator’s subscriber account. The required amount will need to be sent to a number in another country, the recipient will know about the receipt of money by receiving a plain text message.
“Mobile phones will help promote credit cards in developing
countries and create opportunities for new types of calculations, ”says MasterCard senior vice president Dana Lorberg .
According to a source familiar with the program, testing will begin in Italy, India, Bahrain and the Philippines. India is the largest recipient of international transfers from migrants: it accounts for 10% of the world market. Mobile transfers will be the country's largest mobile operator Bharti Airtel and State Bank of India . Bharti Airtel is negotiating with a foreign mobile operator and bank, with which it will test the new system.
Philippine Smart Communications is preparing to launch several pilot projects together with mobile operators and banks in Bahrain and Italy, where there are many workers from the Philippines. And the British Vodafone announced that it was planning a pilot project for Kenyan workers living in the UK. Vodafone manages the Kenyan mobile operator Safaricom , which is already engaged in mobile transfers.
In Russia, of the operators of the Russian “big three” about their readiness to
the future to join the system has already been reported by the management of VimpelCom . “For VimpelCom, this is very interesting, because in the countries where the companies of the group work, there are a lot of guest workers, on whom this system is designed,” said Alexander Izosimov, General Director of the company. In addition, Alexander Izosimov said that, most likely, VimpelCom "will be the second wave of development of this program."
Source: https://habr.com/ru/post/3282/
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