Advanced Cards and Payments domain knowledge test covering Card terminology, processing & security in the Payment Card Industry

The runaway success of early operator mobile money products in East Africa held out a future for MNO’s eager to generate new revenue streams, beyond voice and data by boldly grabbing the public mind and private purses of previously low and UN-banked emerging market society. These services have become a much-referenced ‘gold standard’ of not only what mobile technology and financial services can achieve in emerging markets. Four years on, with over 200 mobile operator mobile money services around the world, how successful have these services been? Research by the Mobile Money Unit of the GSM association, GSMA MMU suggests that while the MNO’s have enjoyed varied levels of success with mobile money in emerging markets, their overall impact and success remains a bit of a mixed bag. The survey sampled 52 MNO mobile money (MM) services from the 150 MM services around the world. It included 11 in East Read more…

e four winning ingredients outlined in the previous post has shown again and again to place Banks in a leading position by taking charge of its own destiny through a Bank-Led approach to mobile banking…

The key to building a winning mobile banking proposition is to grasp the key elements that have led to bank-led mobile banking success in emerging markets in sub-Saharan Africa and Asia.

USSD (Unstructured Supplementary Service Data), has enormous potential to deliver new products and services to mobile customers in the Pacific, but has yet to come into its own as a mature, fully-fledged service. Like SMS, USSD has a low barrier to entry for subscribers and customers. It is intuitive, menu-driven and works across all handsets, yet unlike SMS, USSD services and availability varies greatly across Mobile Network Operators (MNO’s) and regions in the Pacific. “Just about every handset made in the last 10 years handles USSD sessions and menus, and all GSM handsets will at least handle basic USSD, which is why this is a popular service for top-ups and balance inquiries” said Gary Collins, Head of Mobile and InStore banking at Westpac Bank. “It requires no special handset functionality, so customers don’t need expensive java-enabled smartphones, or pre-loaded Sim-cards. From a mobile customer point of view, it is ready Read more…

CARDS AND PAYMENTS MASTERCLASS

The Cards & Payments Industry professional Course is designed to help you understand the dramatic way in which product and payment services have changed

Cards and Payments Courses available - 2022

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