1. Mobile Payment Forum of India
A joint initiative by IDRBT, Hyderabad and RTBI, IIT Madras

2. Why? India adds 100 million mobiles per year Payments:
225 million today
Marching to 500 million in next few years
Will be omnipresent (including most rural areas)
Including significant unbanked population
Payments:
Mostly cash transaction, especially for lower strata
Cards have not worked
Checks and Internet payments for corporates

3. Cards Banks Phone Phone SMS Based Software Based SIM Based
Worldwide coverage

4. To make mass transaction possible
100 million customers: 2 transaction per day per customer
Target transaction price
zero cost to customers for up to Rs 500 per transaction
Rs 3 for transaction between Rs 500 and Rs 5000
0.25% transaction cost for over Rs 5000
Who gets what? Is it viable?
Mobile phone operators
Banks and financial institutions
Technology / Service Providers
Front-end technology, authentication
Back-end technology

5. Key Focus Technology and Security Business Model and coverage
PIN, Finger print in addition to phone
Business Model and coverage
Can unbanked use this?
Can it replace significant cash transaction
Regulations
Role of RBI and TRAI
Single KYC for Telco and for Banks?

6. Outcomes of MPFI Recommendations on Regulations
White Papers on Business
White Papers on Technology
Opportunities for standards
Outcomes of MPFI