A COMPREHENSIVE E-SAVINGS

SCHEME:
A JOURNEY TOWARDS MOBILE WALLET

Group name: BUET Enrooters

Team Leader:
Md. Zunaid Baten,Lecturer,EEE, BUET
Members:
Syed Bahauddin Alam EEE
Shakhawat Hosen Tanim URP
A B M Rafi Sazzad EEE
Md. Nazmus Sakib EEE
Project Overview
Collaboration Existing technology
between telecom & based e-transaction
financial sector

towards
Our
Mobile
Business

Novel concept: Wallet

Solution
Promotional concept :
e-Load Center My Savings

e-Savings &
transactions for all
income group 2
Situation Based Solutions

Most people bereft of A comprehensive IT

banking services: only based solution for
around 19 million bank attracting more people
accounts in the to enjoy banking
country services

Cellular To bring the

communication, though advantages of e-
almost ubiquitous, not transactions for more
being extensively than 50million
utilized for monetary cellphone users
transactions

3
Contd.
Situation Based Solutions

Culture of savings A business strategy

missing among all with the vision of
income groups inspiring savings

Dissemination of e-
Requirement of transaction using even
sophisticated cell the simplest mobile
phones, technology or phones and
high speed internet for technological
e-Transactions infrastructures

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Business Strategy

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Collaboration
 One to One model

 One to Many model

6
Contd.
Collaboration
 Many to many model:

Central server

With central server Without server

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User Level Integration
 Registration:
Requirements

 SMS
Sent SMS Received SMS

*short code A/C successfully

*national id* created.
branch code# A/C no: □ □ □ □
Pin: □ □ □ □ □ □
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Monetary transaction

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 e-Load Centers

 Authorized outlet for transferring cash to

clients bank accounts
 Any mobile balance recharging center
(like Flexiload of Grameenphone, i-Top
up of banglalink)

Bought E-transaction to
Collaboration package bank account
Cellular
E-load
Bank(s) Commu Client
Centers
nication
E-transaction to E-transaction to
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bank account bank account
Money Withdrawal
Verification
Bearer
Confirmation
Money ofwithdrawal
pin to
with
Confirmation bank
pin

*Short
Tk   code
   *
Security code: No*
Account
has been
matched
PIN*Amount
successfully
Amount: matched
*Branch code
withdrawn from
Account no:
# Account
your
no. matched


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 User to User Transaction: Mobile Wallet

• One mobile no wallets

• User might be individual or
institution
• Any GSM/CDMA mobile phone
will do(JAVA applications not Ticketing
Bill
Shopping
pay
Restaurant
necessary)
• Already expanding concept in the
world(providers: Accenture,
Fundamo, MSC etc.)

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IT usage

 GSM/CDMA mobile communication

 GPRS/EDGE based internet conncetivity
 Mobile set for the end users
 Servers
 Balance transferring software
 Digital Watermarking

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Registration
Request 1
Request 2
•Name •Name
•National ID •National ID
Confirmation1
Mobile •Name Banking
Confirmation2
User •Name •National ID
Server
Server
•National ID •PIN No.
•PIN No. •A/C No.
•A/C No.

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Money Depositing

•A/C No.
•A/C No.
Request 1 •Amount
•Amount
•A/C No. Request 2
•Amount
e-load Mobile Banking
Users centers server servers

Confirmation2 Confirmation2 Confirmation1

•Name •Name •Name
•Amount •Amount •Amount
•Date •Date •Date

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Balance Transfer
Bank Servers

Confirmation

Confirmation

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 General Security System(Digital
Watermarking)
Key

Original
data Embedding
Channel Extraction
function function

Information to embed Retrieved information

^ 17
Business Process
Registration
Opening
Money deposit
Savings with(e-
account
or fixed
(through
My savings
Mobile
current
e-loads account)
centers)
account

e-transaction :
Mobile wallet
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Cash Flow & Cost Benefit
Banking Service
Service Charge

SMS charge
Registration fees
registration
Bank Telecom
sectors sectors
Service charge Transaction fees
Users
(individuals
Balance
Transaction fees/institution) checking fees

Loan Based on Data Mining

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Promotional Concept : My Savings

 Slogan of ‘My savings ’ or ‘আমার সঞ্চয়’ by the

distribution of piggy banks for each
registered clients

Objectives
To encourage saving any amount of money.

To increase overall saving

To boost our pottery industry

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Real Life Implementation
 Based on existing technological
infrastructure(GSM/CDMA based)

 No sophisticated mobile
phone required

 No additional establishment cost for e-load

centers

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Real Life Implementation

 National ID cards and machine readable passports will give

digitized information
about the identity of each individual

 Collaboration between telecom and public/private sector

already exists
 BillsPay between GP & PDB, Titas
 Mobitaka between GP & Bangladesh Railway
 EasyPay between GP & HSBC
 Internet Banking between GP & Dutch Bangla Bank and Eastern Bank Limited
 Cellbazaar feature provided by GP

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Contd.
Limitations
 Network coverage compulsory
 Intra/Inter connection delay
 Not all mobile users are well
accustomed to text messaging
 Security concerns
However…..
 Mobile communication almost
ubiquitous in the country
 3G communication to expand

in Bangladesh hence better

security expected

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 Thanks to all

 Special thanks to..

 Mr. Md. Bashir Ahmed, Bangladesh Krishi Bank
 Mr. Zakaria Kabir, HSBC
 Mr. Golam Kibria, Standard Chartered Bank
 Mr. Shamsujjaman Rupu, Banglalink
 Mr. Ariffuzzaman Mithu, GrameenPhone
 Mr. Khaled Imtiaj Saad,Robi (AXIATA)
 Mr. Hasan Morshed, Sony Ericsson
 Mr. Syed Kutubuddin Alam, First Security Bank

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Q/A

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