- Provide banking services otherwise out of reach to the unbanked population
- Distinct competitive advantage over operators not offering mobile financial transaction services
- Strong customer acquisition
- Establishes new levels of stickiness between the operator and subscriber
- Large scope to incorporate loyalty programmes and promotions
- Reduction in churn of almost two-thirds on all pre-pay accounts
- Significant new revenue stream, typically generating one additional SMS for every two subscribers daily
- Interest generation on the underlying float of money deposited by subscribers
MobilisMoney
The Mobilis Mobile Money PlatformM-MON
In emerging markets mobile telecommunications are transforming the way in which business and financial transactions are managed. New business models are quickly being established based on micro financing and micro business. MobilisMoney allows your subscribers to send money via mobile to any other mobile instantly, securely and without the need for a bank account.
Mobilis has been building realtime rating and billing platforms for 15 years. We understand mobile transactions better than any general VAS vendor on the market. The MobilisMoney financial transaction platform is a primary extension to the Mobilis product suite.
The MobilisMoney transaction engine is event-based, which allows it to collect and process data from a variety of sources, simultaneously and most importantly in realtime. Events from a single user can be processed simultaneously so operators can offer the same services to a prepaid customer that they offer to a postpaid customer. There is no leakage and no negative charging.
Key Benefits
Assured Success
- Addresses a fundamental human need to transact goods and services
- Builds upon what is already in the market place; i.e. phones, SIM cards and agent channels to market
- Does not require the introduction of new consumer technology
- The service is configurable to match all Operator's existing business rules
- Organic media attention enhances your presence in the market place
- Use of USSD and SMS provides a dynamic system supporting rapid innovation
- A mostly closed eco-system that is not reliant on other parties
Architecture
The MobilisMoney architecture, built on open and industry standards, is device and network agnostic and provides complete interoperability with 3rd party systems:
- MobilisMoney is 100% based on Java so can be deployed on a variety of operating systems including Solaris, HP/UX, AIX and Red Hat Linux.
- MobilisMoney supports all major RDBMS vendors including Oracle 11g/10g/9i, providing industry-standard reliability and scalability.
- MobilisMoney offers integrated online-offline chargin providing a single product to support both prepaid-postpaid convergence and wireline-wireless convergence. If the carrier already has an investment in real-time charging MobilisMoney will bridge the gap.
- MobilisMoney is based on the EJB 2.0 standard and can be deployed on any EJB 2.0 compliant application server, such as BEA Web Logic, IBM Web Sphere, Oracle 10AS and Sun ONE Application Server.
- MobilisMoney scales effortlessly to support tens of millions of subscribers
- MobilisMoney EJB Architecture and Open APIs make it easy to develop and integrate custom applications and 3rd party systems in order to further leverage new business opportunities.
- MobilisMoney provides XML-based open adapters to the major EAI vendor’s products which allows MobilisMoney to interoperate with third party systems quickly and efficiently.
- MobilisMoney converges over all wireless protocols including WAP, GPRS/UMTS, CDMA1.x/CDMA2000, 802.11b
- MobilisMoney supports primary wireless network standards (GSM, SMS, USSD)
- MobilisMoney has internationalised capabilities with multi-language and multi-currency support
MobilisMoney Usage Scenarios
Solution For
- GSM/3G/IP/NGN Operators
- Increasing ARPU
- Reducing Churn
- Attracting New Subscribers
Related
Bank Integration
- The MobilisMoney platform does not require the intervention of a Bank, however it is often advisable to partner with one to provide bank-guaranteed trust accounts and if and when required, authorised deposit and withdrawal agents.
- While MobilisMoney offers a fraudless level of security, mobile subscribers do not inherently carry the same level of financial trust for an Operator that they do for a bank.
- As the mobile money service grows so too does they amount of money being deposited, transferred and withdrawaled.
- A typical Operator roadmap for the MobilisMoney service is to partner with a bank as the service grows and the perception of bank-level financial security is required.
Money Withdrawal
- Subscribers can use their mobile phone to withdraw money from their mobile money account by visiting any Authorised Operator Mobile Money Agent.
Money Deposit
- Subscribers can add money to their mobile money account by visiting any Authorised Operator Mobile Money Agent.
- Subscribers simply take the money they wish to deposit and typically a valid ID to an Authorised Agent.
Money Transfer
- Subscribers can use their mobile money account to send or receive money using their mobile phone anywhere, anytime.
- A secure, convenient and affordable way to manage money transfer transactions.
- The sending or receiving of domestic money transfers can incur a nominal fee automatically collected by the Operator.
Airtime Topup
- By simply using their mobile phone, subscribers can topup their mobile airtime from their mobile money account or send a topup to any other mobile account on the Operator’s network.
Account Details
- Via SMS/USSD subscribers can check their balance, see their transaction history and check and change their details and PIN.
Account Details
- Via SMS/USSD subscribers can check their balance, see their transaction history and check and change their details and PIN.
Promotions
- An Operator can give every subscriber that opens a mobile money account free money as an opening balance.
- Subscribers can go into a prize draw when they perform their first mobile money transaction.