Presentation is loading. Please wait.

Presentation is loading. Please wait.

WSIS Forum 2015 e- Payment Project The State of Kuwait

Similar presentations

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 Finance State of Kuwait e- Payment Project The State of Kuwait By: Ibrahim Al-Failakawi   

2 The old Situation e-Payment Payment 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- Payment e-Payment e-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- Payment e-Payment MOF 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- Payment e-Payment Through 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- Payment e-Payment The 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- Payment e-Payment Restructuring 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.

8 e -Payment Infrastructure
Commercial Banks Services provided K net Clients Delegation system POS sys التشفير IPOS Sys PCI SSL Central Bank Gov Portal ATM Sys Central database Internet Sys Mobile sys PCI sys Report e-Payment

9 e-Stamp e-Payment Replacing printed stamps with e-stamps using a number of channels for e-payment and for thee issuance of the e-stamp. Easy to use Fast to get High security mechanisms employed Can be executed at any location

10 Roles of parties involved
Agencies K-net Clients Commercial Banks MOF Central bank of Kuwait CAIT e-Payment

11 Roles of parties involved
e-Payment The role of MOF Preparation and signing of agreement with k-net. Issuing a circular to regulate the use of the e-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-Payment The role of MOF Campaigning 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-Payment The role of CAIT Development 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-Payment The role of government agencies Formation 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 electronic e-Payment channels. Implementing e-payment channels in all their sites.

15 Roles of parties involved
e-Payment The role of k-net Providing e-payment gateway. Providing a central system for the issuance of e-stamps. Allowing the issuance of e-stamps Installation 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 cards POS IPOS PCI SSL Official portal Central Bank of Kuwait KIOSK Database internet mobile PCI Report e-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 account IPOS, mobile, internet Automatically entering the transaction number into the database & changing the code for the event thus enabling the user to automatically print the stamp 4 5 Determining 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/ change status from activated into used Cycle of e-stamp issuance and accounting mechanism Scanning details of e-stamp POS ,KIOSK 3 6 issuing PIN /printing acetkra for POS ,KIOSK r Customers use any channel Agencies are provided with requests for charges to K-net 2 Customers use any channel Request an electronic stamp 1 e-Payment

18 Charge per transaction
e-Stamp e-Payment Charges paid to K-net No of transactions (activated) Charge per transaction and less300,000 0.250 350,000 0.230 400,000 0.210 500,000 0.190 1,000,000 0.170 1,500,000 0.150 2,000,000 0.140 2,500,000 0.130 3,000,000 0.120 and more3,000,000 0.110

19 e-Stamp Features of e-stamp
e-Payment Features of e-stamp Confidentiality and security , having the possibility of adding invisible confidential electronic signs . Additional encryption features. No re-use is possible.

20 e-Stamp e-Payment Important data encrypted according to the international regulation (PCI - DSS) Payment card industry e-Stamp can only be issued through k-net available devices with government agencies.

21 e-Stamp e-Payment Phase 1 implementation 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-Stamp e-Payment Phase two Integrating Payment gateway and Integrated POS with the system. e-Stamp printed directly on the service form. Allowing the service thought mobile phones also.

23 e-Stamp e-Payment IPOS

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 المختلفة portal (BROKER ) Public Authority for Civil Information General perspective of the project Electrity & water client Integration equipment Commercial Banks Integration equipment CAIT - KIN Delegation for cards E-stamp Ministry of communications Integration equipment ATM PCI Integration equipment Integration equipment Database Central Central Bank of Kuwait internet Integration equipment MOI MOF central collection (sharable) MOF Civil Service Bureau mobile PCI e-stamp

26 Best wishes e-Payment

Download ppt "WSIS Forum 2015 e- Payment Project The State of Kuwait"

Similar presentations

Ads by Google