Mobile Money Transfer

Welcome to the GSMA’s Mobile Money Transfer Strategic Initiative

The GSMA’s Mobile Money Transfer (MMT) programme was launched with the aim of tapping the ubiquity and ease-of-use of mobile communications to enable the world’s 200 million international migrant workers to easily and securely send remittances to their dependents, many of whom don’t have bank accounts.

By exploiting the extensive reach of the mobile networks, the programme will complement existing local remittances channels and make transferring money internationally significantly more affordable.

About Mobile Money Transfer

Over $275 million is remitted every year from developed economies to emerging markets through recorded channels and the World Bank estimates that half as much again travels through unrecorded channels. The use of the mobile phone as a sending and receiving mechanism for remittances has the potential to enable low denomination remittances (sub $100) to be made much more affordable. This will create a new market, driving the accessibility of remittances globally to reach an estimated 1.5-2bn recipients. The impact of this will be to increase the overall penetration and usage of m-transfers, m-payments, and m-banking globally.

Our vision of money transfer is that it should no longer be restricted to the ‘traditional’ physical methods of moving money. Money should be available and able to be moved 24×7, 365 days of the year, wherever you are. MMT services will offer the opportunity to send money to in excess of 3 billion mobile phone users across all networks and geographic boundaries.

source:  http://www.gsmworld.com/mmt/index.shtml

Pay-Buy-Mobile – put’s a credit card in your mobile

The GSMA’s ‘Pay-Buy-Mobile’ (PBM) initiative is at the heart of new services being rolled-out by the world’s mobile network operators that will enable you to pass a phone close to a point-of-sale ‘reader’ when you are buying goods or services. With PBM, it’s just like having your credit or debit card in your mobile phone. So, instead of handing over a physical card, you will simply use your mobile phone to pay for the goods and services that you have bought.

The service will typically be available in hundreds of shops, supermarkets, restaurants or railway stations – all around the world. When you’ve paid, the transaction will appear on your next credit or debit card statement. It’s as simple as that.

How Pay-Buy-Mobile works

Near Field Technology (NFC) is at the heart of the Pay-Buy-Mobile technology. Handsets equipped with an NFC chip can communicate with existing contactless payment systems. When passed closed to the reader, data can be exchanged between the handset and the point of sale device. This facility can be used to deliver a wide range of secure, interoperable and transparent services, such as credit and debit payments.

Specialised handsets offered by operators have their Universal Integrated Circuit Card (UICC), often known as the SIM card, linked to the phone’s Near Field Communications (NFC) chip. The 35 mobile network operators involved in the PBM initiative, which together have 1.4 billion customers, all support the use of the Single Wire Protocol as a standard to link the UICC with the phone’s NFC chip. The European Telecommunications Standards Institute (ETSI) adopted this standard in October 2007.

To enable the service, the credit card application is downloaded into the secure environment of the UICC that is embedded in the phone. More than one credit or debit card can be stored in the same UICC, thus increasing the convenience of PBM to the consumer. In use, data transferred by NFC from the handset to the reader is communicated to financial organisations using the same secure process as used for conventional credit or debit cards transactions.

source: http://www.gsmworld.com/pbm/how.shtml

Telenor Pakistan selects Nokia Intellisync Wireless Email

November 29, 2007

New York, NY, USA – Nokia today announced that mobile operator Telenor Pakistan will offer Nokia Intellisync Wireless Email to its consumer customers, small-meditum enterprises (SMEs), and large corporations. The service, branded as “SmartMail”, is currently available.

 

Telenor Pakistan started mobile operations in March 2005 and today owns the fastest growing and the largest mobile data network (EDGE based), in the highly competitive mobile market of Pakistan. According to Pakistan Telecommunications Authority (PTA) the mobile penetration rate reached approximately 43 percent in August 2007. By comparison, Pakistan’s fixed line market is moving slowly, reaching only a tenth of the mobile teledensity.

 

“Nokia Intellisync Wireless Email supports all kinds of mobile devices from entry level phones to high-end smartphones for professionals, this together with Telenor Pakistan’s largest EDGE coverage in Pakistan will provide customer convinence to all service subscribers” said CMO Telenor Pakistan Sigvart Voss Eriksen.  “A fast growing market such as ours demands a flexible solution that offers not only the possibility to host the solution for consumers and SMEs, but also to meet the special requirements of large corporations,” Eriksen added.

 

“Nokia Intellisync Wireless Email supports more than 100 devices from various vendors – the broadest support in the industry — allowing Telenor Pakistan to deploy email on a range of devices to meet the needs of various customers,” says Scott Cooper, senior vice president, Mobility Solutions, Enterprise Solutions, Nokia. “Given the highly scalable platform, Telenor Pakistan is well prepared for further fast growth of their customer base, followed by increasing demand for mobile access to email.”

 

Nokia Intellisync Wireless Email is part of Nokia Intellisync Mobile Suite that provides access to powerful collaboration tools such as email, contacts, calendar, device management and synchronization of files, data and enterprise applications. Nokia Intellisync Wireless Email works in any groupware environment – ISP, Microsoft Exchange, Lotus Notes or Groupwise and can run on any kind of device platform – Symbian, Windows, Palm J2ME, or Pocket PC. The highly scalable email solution supports for more than 100 different devices in addition to Nokia Eseries portfolio.

 

refrence: www.nokia.com