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Payment Types Large Value Systems These are typically process high value cri cal payments. It is an essen al payment system, which ensures the smooth func oning of the economy and the financial system. These systems mostly relate to interbank/ interfinancial ins tu onal transac ons. Generally, these large value systems are strictly regulated by the Central Banks of the respec ve countries and are electronicbased. They offer speed, reliability, safety, convenience, cost and accuracy. Some examples include Real Time Gross Se lement (RTGS) and Society for Worldwide Interbank Financial Telecommunica on (SWIFT). Retail Payment Systems These generally cater to transac ons related mainly to the se lement of obliga ons, arising from the purchase of goods and services. They typically handle transac ons which are low in value but very large in number rela ng to individuals, firms and corporates. Mobile payments are classified into 3 categories: • Mobile Proximity Payments (instore) • Mobile PeertoPeer (P2P or remi ances) • Mobile Remote Commerce (mCommerce buying online from a mobile device) Bank of Beijing, Co. A midsized lender, announced a partnership with smartphone maker Xiaomi Tech on mobile payments and sales of WMPs and insurance products. - Bank of Beijing, via Reuters, 2/23/14 We’re just beginning to appreciate the full magnitude and possibili es of the Starbucks mobile payment pla orm opportunity.” -Howard Schultz, CEO, Starbucks, via Daily Finance, 1/29/14 MasterCard is planning to acquire digital wallet provider CSAM, which already powers commercial mobile payments pipelines worldwide, including ISIS in the United States. - MasterCard, via ZDNet, 2/24/14 Source: Appinions Apple is laying the groundwork for an expanded mobile payments service, leveraging its growing base of users and the hundreds of millions of credit cards on file. - Apple, via Wall Street Journal, 1/24/14 PayPal contributed 42% of eBay’s revenues in Q3 2013, and PayPal expects to process $20B in mobile payments in 2013, a 500% increase since 2011. - PayPal, via Seeking Alpha, 12/11/13 In developed countries such as the US, cash and cheques are on the decline while countries such as India are s ll highly cashcentric. The biggies in this space such as Amazon, Apple and PayPal are working on be er technologies and making payments simpler, in a bid to woo more customers away from cash and their compe tors. With PayPal being an incumbent player, the entry of players such as Apple and Amazon is looked upon as the beginning of possible pricing pressures and heated compe on in this space. Recently, online auc on company eBay announced that it is spinning off its online payments system, PayPal as a separate company. With the announcement of its iPhone 6, Apple also announced the introduc on of Apple Pay where users just need to tap to pay at a cash register that is enabled with something called ‘Near Field Communica on’ technology. chejad@gmail.com 32
Companies from six different industries are influencing the Mobile Payments Conversa on Financial Ins tu ons • Bank of Beijing (China) • HSBC (UK) • ICICI Bank (India) • HDFC Retailers and Services • Open Table • Starbucks • Amazon • eBay Wireless Network Providers • Verizon • Vodafone (India) • Airtel Payment Services (Mobile) • PayPal • LevelUp • Venmo • Square • Seamless Payments AB (Sweden) Payment Services (Tradi onal) • MasterCard • Singlepoint • VeriFone Device Makers • Apple • Google • Microso • Samsung • Xiaomi (China) Source: Appinions THINK <strong>PUNE</strong> REPORT 2014 chejad@gmail.com 33
Page 1 and 2: THINK PUNE November 2014 THE START-
Page 3 and 4: chejad@gmail.com
Page 5 and 6: We were intrigued by the ques on -
Page 7 and 8: The Resurgent Start-up Ecosystem in
Page 9 and 10: ACKNOWLEDGEMENTS As men oned earlie
Page 11 and 12: Team and Entrepreneur background Im
Page 13 and 14: Customer Information Pune startup
Page 15 and 16: Central SouthWest PUBMATIC TALEGA
Page 17 and 18: CONVERGENCE Paradigm for newer Inno
Page 19 and 20: BIG DATA/ ANALYTICS chejad@gmail.co
Page 21 and 22: MANUFACTURING Product Research | En
Page 23 and 24: CLOUD COMPUTING chejad@gmail.com
Page 25 and 26: Acloud refers to a dis nct IT envir
Page 27 and 28: Issues rela ng to privacy, security
Page 29 and 30: CORPORATE INVESTMENTS Tech Corporat
Page 31: 3 PAYMENTS f you spend a few moment
Page 35 and 36: ElectraCard Services (ECS): Based o
Page 37 and 38: 4 FINTECH With contribution from Na
Page 39 and 40: Technological developments in nanci
Page 41 and 42: Marquee investors who have invested
Page 43 and 44: 5 PRODUCT LIFECYCLE MANAGEMENT (PLM
Page 45 and 46: chejad@gmail.com SECURITY TECH
Page 47 and 48: ot only corporate organisa ons but
Page 49 and 50: chejad@gmail.com ENTERPRISE MOBILIT
Page 51 and 52: THE ENTERPRISE MOBILITY ECOSYSYTEM
Page 53 and 54: PUNE STARTUP ORIGINS 3 enterprise
Page 55 and 56: 8 SOCIAL ENTREPRENEURSHIP With cont
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Page 59 and 60: chejad@gmail.com BIOTECH
Page 61 and 62: According to the Indian Brand Equit
Page 63 and 64: PUNE ENTREPRENEURIAL ECOSYSTEM chej
Page 65 and 66: PuneTech PuneTech.com, a goto web
Page 67 and 68: chejad@gmail.com PUNE SUCCESS STORI
Page 69 and 70: Quick Heal Company/Product: Started
Page 71 and 72: FirstCry Company/Product: Online ba
Page 73 and 74: daVIZta Company/Product: Started by
Page 75 and 76: CarIQ Company/Product: Intelligent
Page 77 and 78: RECENT ACQUISITIONS Hoopz Company/P
Page 79 and 80: chejad@gmail.com EVENT CALENDAR
Page 81 and 82: SEEDING CHANGE THROUGH INNOVATION D
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