Presentation on theme: "WSIS Forum 2015 e- Payment Project The State of Kuwait"— Presentation transcript:
1 WSIS Forum 2015 e- Payment Project The State of Kuwait Ministry of FinanceState of Kuwaite- Payment ProjectThe State of KuwaitBy: Ibrahim Al-Failakawi
2 The old Situatione-PaymentPayment for government revenues are done in cash or checks.Take about a week to reach Ministries and Authorities account in Central Bank.Theft of cash before reaching the bank.Fees are paid using the paper stamps.Stamps easily get damaged.Illegal reuse of paper stamps.
3 e- Paymente-Paymente-Payment is a joint project between the public sector and the private sector.The public sector represented by the Ministry of Finance (MOF) and the Central Agency for Information Technology ( CAIT).The private sector is k-NET (Shared Electronic Banking Services Company)
4 e- Paymente-PaymentMOF aims at keeping up with technological developments in the collection of revenues and fees for government services.MOF launched e-Payment project in March 2010 and launched e- Stamp in January 2013, both projects carry the following logo:
5 e- Paymente-PaymentThrough the implementation of the project , MOF aims to make payment of any government revenue and fees easier and faster through the internet or any other electronic channels.The payment can occur at any time or location at no additional charges.
6 e- Paymente-PaymentThe project is regarded as the infrastructure for the collection of public revenues and fees in association with k-NET though the following:Building the government portal for electronic payment.Providing several channels of electronic collection to the government agencies.Empowering individuals and companies to pay any dues by any bank card.Executing Transfers done by clients from their bank accounts to the Central Bank within 24 hours.
7 e- Paymente-PaymentRestructuring the solution for the electronic payment system.MOF & K-net created an integrated solution for electronic payment system.The system was applied widely in government agencies that provide services to citizens, expatriate and private sector.
9 e-Stampe-PaymentReplacing printed stamps with e-stamps using a number of channels for e-payment and for thee issuance of the e-stamp.Easy to useFast to getHigh security mechanisms employedCan be executed at any location
10 Roles of parties involved AgenciesK-netClientsCommercial BanksMOFCentral bank of KuwaitCAITe-Payment
11 Roles of parties involved e-PaymentThe role of MOFPreparation and signing of agreement with k-net. Issuing a circular to regulate the use of thee-Payment channels and issuing the e-stamp.Project management and supervision of the implementation process for the agencies.Providing support in coordination with the k-NET .Review and approval of sub-contracts entered into by government agencies with k-net company.
12 Roles of parties involved e-PaymentThe role of MOFCampaigning for the project management in coordination with the Central Agency for Information Technology and with the assistance of K-net.Studying proposed solutions to the various payment channels and adopting the suitable for implementation.The study of new channels for payment and the issuance of e-stamp and adopt appropriate one for implementation.
13 Roles of parties involved e-PaymentThe role of CAITDevelopment of standards and technical standards for e-services.Preparation of laws and legislations regulating electronic financial transactions.Urging and enabling government agencies to implement e- payments and issuing e-stamp.Allow e-Payment through the official central portal.Overseeing the implementation of e-stamp.Overseeing the implementation of the e-Payment channels and campaigning for the project.
14 Roles of parties involved e-PaymentThe role of government agenciesFormation of working groups to manage the implementation of the system.Signing of sub-contracts with k-net company.Identifying services for which e-stamp is required.Developing electronic services .Integrating their e services and the electronice-Payment channels.Implementing e-payment channels in all their sites.
15 Roles of parties involved e-PaymentThe role of k-netProviding e-payment gateway.Providing a central system for the issuance of e-stamps.Allowing the issuance of e-stampsInstallation of e-payment channels.Integrating e-payment channels with eservices at government.Training staff of the different government agencies to use e-payment channels.
16 e-Stamp K net Requested at government agency Commercial Banks clients Delegation for cardsPOSIPOSPCISSLOfficial portalCentral Bank of KuwaitKIOSKDatabaseinternetmobilePCIReporte-Payment
17 e-Stamp 4 5 Cycle of e-stamp issuance and accounting mechanism 3 6 2 1 Depositing receipts in government agencies at the central bank accountIPOS, mobile, internetAutomatically entering the transaction number into the database & changing the code for the event thus enabling the user to automatically print the stamp45Determining the number of transactions for each agency . Then determining the total number of monthly transactions for all government agencies then relocating to the appropriate account.Barcode reader scans e-stamp /stored at database/ changestatus from activated into usedCycle of e-stamp issuance and accounting mechanismScanning details of e-stampPOS ,KIOSK36issuing PIN /printing acetkra for POS ,KIOSKrCustomers use any channelAgencies are provided with requests for charges to K-net2Customers use any channelRequest an electronic stamp1e-Payment
18 Charge per transaction e-Stampe-PaymentCharges paid to K-netNo of transactions(activated)Charge per transactionand less300,0000.250350,0000.230400,0000.210500,0000.1901,000,0000.1701,500,0000.1502,000,0000.1402,500,0000.1303,000,0000.120and more3,000,0000.110
19 e-Stamp Features of e-stamp e-PaymentFeatures of e-stampConfidentiality and security , having the possibility of adding invisible confidential electronic signs .Additional encryption features.No re-use is possible.
20 e-Stampe-PaymentImportant data encrypted according to the international regulation (PCI - DSS) Payment card industrye-Stamp can only be issued through k-net available devices with government agencies.
21 e-Stampe-PaymentPhase 1implementation was carried out for point of sale and KIOSK to issue e-stamps that do not require to be integrated to systems.payment is made by K-net as well as cash. e-stamps are issued and then fixed manually on the service forms.
22 Integrating Payment gateway and Integrated POS with the system. e-Stampe-PaymentPhase twoIntegrating Payment gateway and Integrated POS with the system.e-Stamp printed directly on the service form.Allowing the service thought mobile phones also.
24 Central e-Collection System Future plans for the payment service Central e-collection for government revenues.Project awarded and in the contracting phase.e-Payment
25 Central government automated collection of receivables Project قنوات الدفع الالكتروني المختلفةportal(BROKER )Public Authority for Civil InformationGeneral perspective of the projectElectrity & waterclientIntegration equipmentCommercial BanksIntegration equipmentCAIT - KINDelegation for cardsE-stampMinistry of communicationsIntegration equipmentATMPCIIntegration equipmentIntegration equipmentDatabaseCentralCentral Bank of KuwaitinternetIntegration equipmentMOIMOF central collection(sharable)MOFCivil Service BureaumobilePCIe-stamp