Ericsson in financial services UPU presentation, November 5 th, 2014 Patrik Centellini Head of Business Development Ericsson M-Commerce patrik.centellini@ericsson.com
at a glance MOBILE INFRASTRUCTURE OPERATIONS & BUSINESS SUPPORT SOLUTIONS SERVICES TV & MEDIA DELIVERY 35,000 25,000 32B SEK Patents R&D Employees In R&D 1 billion 2.5 billion 64,000 Subscribers managed by us Subscribers supported by us Services professionals 227B SEK 50% 180 114,000 Net Sales 2013 LTE smartphone traffic handled by our networks Countries with customers Employees Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 2
OUR m-commerce VISION Open Money talks about a world where financial services are accessible to all and interconnected to each other. Where sending and receiving money is as easy and affordable as sending an SMS. Driving towards this world is Ericsson s mission. Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 3
The challenge & opportunity 2.5Bn people don t have bank accounts in the world 1.7 bn of unbanked have a mobile phone 200M mobile wallet users in emerging markets Key growth drivers #1 Build financial access #2 Accelerate adoption and usage Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 4
#1 Building financial access 2.5Bn people don t have bank accounts in the world 1.7 bn of unbanked have a mobile phone 200M mobile wallet users in emerging markets ERICSSON WALLET PLATFORM A complete platform for financial services reaching anyone with a mobile phone Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 5
ASBANC overview The Association of Banks of Peru An union of banks and private finance institutions Has the objective to strengthen the private financial system, providing services, information, advice and consultation. As of today 23 members Founded 1967 Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 6
ASBANC, Peru Among the world s first initiatives with a country wide MFS effort specifically targeting financial inclusion. Ericsson provides a solution to enable white label mobile wallet services: any bank, any service point, any customer, any MNO. Open and collaborative ecosystem is the foundation Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 7
#2 Accelerate adoption & usage Person to Business Bill payments, repayments of loans, Government to Person Welfare payments, social transfers Person-to-Person Sending money to friends and family Business to Person Salary payouts, loan disbursements, A global switch connecting financial service providers and mobile wallets globally ERICSSON INTERCONNECT Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 8
M-Commerce Portfolio WALLET WALLET PLATFORM PLATFORM WALLET CONVERGED PLATFORM WALLET WALLET M-COMMERCE PLATFORM INTERCONNECT PROFESSIONAL SERVICES 9 Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 9
HOW can we collaborate TO foster financial inclusion? Inclusive digital Economy Option 3 Option 1 Mobile money Agent Enabling postal operators as mobile money agents Option 2 Mobile remittance service provider Building a global network for mobile remittances, postal operators are key combining digital and physical touch-points Postal-led mobile money deployment for the unbanked Enable Postal operators to deliver full range of financial services to the unbanked through nationwide m-wallet solution, similar to Asbanc in Peru Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 10
building the open money network CONNECTING THE ECO SYSTEMS Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 11
Presentation of Ericsson in MFS for UPU Nov 5th 2014 Public Ericsson AB 2014 2014-10-29 Page 12