Mobile Payment Forum of India (MPFI)

Mobile Payment Forum of India(MPFI) Developments of Activities Dr.V.N.Sastry, Executive Secretary, MPFI & Associate Professor, IDRBT Institute for Development and Research in Banking Technology, Road. No.1, Castle Hills, Masab Tank, Hyderabad – 500 057 vnsastry@idrbt.ac.in 91-4023534981 / 09440803813 http://www.mpf.org.in Dt. February 27, 2009

Contents • Major Events • Membership • Issues • Financial Status • Proposed Activities MPFI Meeting at The Imperial Hotel, New Delhi

Major Events First Meeting of MPFI: • MPFI was formally launched. • Held on September 15, 2007 at IDRBT, Hyderabad. • About 50 participants attended the meeting. • Various Committees constituted. • Executive Committee • Regulatory Committee • Technology Committee • Business Committee MPFI Meeting at The Imperial Hotel, New Delhi

Major Events contd.. Second Meeting of MPFI: • It was held on February 16, 2008 at IIT Madras, Chennai • Various issues relating to Technology, Business and Regulatory aspects of mobile payments were discussed. • About 60 participants attended the meeting. • Four Groups were formed. • Gr.-I : Messaging Standardization of Mobile Payments • Gr.-II : SMS, GPRS and GSM Service Aspects • Gr.-III: End to End Quality of Service aspects and specifications • Gr.-IV: Consolidated account versus individual account, risks and security from regulatory perceptive MPFI Meeting at The Imperial Hotel, New Delhi

Major Events contd.. Third Meeting of MPFI: • It was held on June 07, 2008 at Vodafone Essar Limited, Mumbai • Various issues were discussed on the Reports submitted by the Groups • Report submitted by the Regulatory Group “Mobile Payments in India – Operative Guidelines for Banks”. • Society Bylaws approved and signed by the EC Members. • 76 members attended the meeting. • Two new Committees formed. • SIM Card Committee • Financial Inclusion Committee MPFI Meeting at The Imperial Hotel, New Delhi

Major Events contd.. Fourth Meeting of MPFI: • It was held on August 22, 2008 at Royal Orchid Resort, Bangalore • Discussions on “Mobile Banking Transactions in India – Operative Guidelines for Banks” released by RBI • The overview of FI Committee’s work was presented by Mr. Rajesh Dongre, Vodafone • The overview of SIM Cards Committee’s work was presented by Mr. Pallab Mitra, Bharti Airtel • The overview of issues and recommendations on Inter-working Standards was presented by Mr.Aditya Menon, Obopay • Discussion on Cash Wallets & Regulations. • Milestones were defined for one year. MPFI Meeting at The Imperial Hotel, New Delhi

Major Events contd.. Fifth Meeting of MPFI: • It was held on November 18, 2008 at Hotel Hyatt Regency, Mumbai. • Open session with Shri. G. Padmanabhan, Chief General Manager, DPSS, RBI • Discussion on Inter-operability standards in Mobile Payments by Shri. G.P.Shekar • Discussions on Certification Process and setting up of Certification Lab at IIT Madras. • Discussions on use of Mobile Banking for Financial Inclusion • Discussion on pre-paid card guidelines MPFI Meeting at The Imperial Hotel, New Delhi

Major Events contd.. • Open session with CEO / Top Management of Telecom Companies on Mobile Payments. • It was informed by the Executive Secretary that MPFI has entered into Joint Agreement with Clarion Events Limted, London and organized the event Mobile Money Transfer 08 (MMT08)’ held during November 10 - 11, 2008 at Dubai. MPFI Meeting at The Imperial Hotel, New Delhi

Major Events contd.. Press Meet: During the fifth meeting of MPFI, the first press conference of MPFI was held during the lunch break from 12:45 – 1:30 p.m. Journalists from various newspapers including PTI, UNI, CNBC, UTUI, DNA, Financial Chronicle, Freelancer etc. have covered the press conference proceedings. It was attended by Dr.Ashok Jhunjhunwala, Dr.R.B.Barman, Dr.V.N.Sastry and Mr.Sachin Khandelwal. Dr.Ashok Jhunjhunwala briefed about the various activities, developments, challenges and future road map of MPFI. MPFI Meeting at The Imperial Hotel, New Delhi

Major Events contd.. Elections to EC and the four Committees (TC, RC, BC and CEC). Dr.V.N.Sastry, Executive Secretary and Mr.Sachin Khandelwal, Joint Secretary conducted the Elections for the various Committees of MPFI (EC, TC, RC, BC & CEC) for the year 2009 and Dr. Ashok Jhunjhunwala, Chairman finalized the results through voting breaking the tie, wherever arisen. MPFI Meeting at The Imperial Hotel, New Delhi

MPFI Meeting at The Imperial Hotel, New Delhi

Major Events contd.. Categories of Membership: It was informed to the members that as decided by the Executive Committee during its meeting dated October 17, 2008, the membership of MPFI would have 3 categories: • Associate Member • Institutional Member • Observer MPFI Meeting at The Imperial Hotel, New Delhi

Membership • Founding Members of MPFI : • IDRBT • RTBI (IIT-Madras) MPFI Meeting at The Imperial Hotel, New Delhi

Membership contd.. • Categories of Institutional Membership: • The membership of the Society is available to • Banks • Telecom Operators • Software and Hardware Technology Providers related to mobile payments • Regulators, Government and Govt. Agencies • Academic and Research Institutions etc. involved in the development of mobile payments in India. • Rulesregarding the Membership: • Payment of the appropriate Society membership fees. • To be approved by the Executive Committee based upon the applicants role, background and potential for contribution towards the development of mobile payment services and products. • The membership is valid for 1 fiscal year and the amount of membership fee is decided by the EC, which is Rs.10000/- for 2008-09. MPFI Meeting at The Imperial Hotel, New Delhi

Associate Membership Associate Membership is open for Founding Institutions (RTBI and IDRBT), Govt. and Semi-Govt. Organizations (such as RBI, DIT, TRAI), Academic Institutions (such as IITs) and Non-profit institutions of public interest, Universities and R&D Centres. • Eligibility: • The work, product or solution of the Institution or Origination should be closely related to the mobile payments area. • The institution should be registered in India MPFI Meeting at The Imperial Hotel, New Delhi

Associate Membership contd. Membership Fees: Members registered under Associate Membership category are exempted from the Membership Fees. Voting: One representative only of a registered Associate member organization can participate in voting and cast one vote. MPFI Meeting at The Imperial Hotel, New Delhi

InstitutionalMembers It is open for Banks, Telecom operators, Technology Providers, Software and Hardware Technology Providers related to mobile payments • Eligibility: • The Company or organization should be registered in India and the primary work/ product of the company or organization should be related to mobile payments. • Institutional Membership is in the name of a company or an organization and not by an individual’s name. MPFI Meeting at The Imperial Hotel, New Delhi

InstitutionalMembers contd.. There would be 2 representatives from each Institutional Member organization: (a)One fixed (b)One nominated by the registered organization Voting: Each of the two individuals representing an Institutional Member organization can participate and cast vote, whenever voting is held. MPFI Meeting at The Imperial Hotel, New Delhi

InstitutionalMembers contd.. Membership Fees: Institutional Members should pay an annual membership fee as fixed by the Executive Committee. The Institutional Membership Fee has been enhanced from Rs.10,000/- to Rs.15,000/- for the year 2009 during the Fifth meeting of MPFI held on November 18, 2008 at Mumbai. MPFI Meeting at The Imperial Hotel, New Delhi

Observers Institutions which are not covered in the above 2 categories but have interest in the development of MPFI, Invited member / Expert members, from any organization can be an Observer. However they do not have the voting rights. MPFI Meeting at The Imperial Hotel, New Delhi

Observers contd.. • Invited Members / Expert Members: • Only the EC has the privilege to invite members to the consortium • If any Committee needs the expert service of an Individual from Academic R&D Centers for a specific period of time, the Committee can request the EC to invite particular individual as an Expert Member. • Any Government of India representative whose work is related to mobile payments may be invited to participate in its activities as an Observer. • Individual Expert Members from Academic R&D Centers can be invited to participate in the MPFI activities as Observers MPFI Meeting at The Imperial Hotel, New Delhi

Observers contd.. Membership Fees: An organization can be considered as an Observer on approval by the Chairman / EC on payment of an annual membership fee. Invited Experts may be exempted from payment of membership fee. Voting: Observers do not have the voting rights. MPFI Meeting at The Imperial Hotel, New Delhi

Associate Members of MPFI MPFI Meeting at The Imperial Hotel, New Delhi

Institutional Members of MPFI Banks: MPFI Meeting at The Imperial Hotel, New Delhi

Institutional Members of MPFI Telcos: MPFI Meeting at The Imperial Hotel, New Delhi

Institutional Members of MPFI Technology Providers: MPFI Meeting at The Imperial Hotel, New Delhi

Institutional Members of MPFI Technology Providers MPFI Meeting at The Imperial Hotel, New Delhi

Institutional Members of MPFI Govt. Organization MPFI Meeting at The Imperial Hotel, New Delhi

Observers MPFI Meeting at The Imperial Hotel, New Delhi

New Registered Members of MPFI - 2009 MPFI Meeting at The Imperial Hotel, New Delhi

Renewed Members of MPFI - 2009 MPFI Meeting at The Imperial Hotel, New Delhi

ExecutiveCommittee Meetings • The First EC Meeting was held on December 19, 2007 through Teleconference. • The second Executive Committee Meeting was held on April 16, 2008 through Teleconference. • The third Executive Committee Meeting was held on October 17, 2008 through Teleconference. MPFI Meeting at The Imperial Hotel, New Delhi

Issues for Discussion • Office Setup for MPFI • Registration of MPFI as a Society • Financial year for the payment of MPFI Membership is January – December. • Permanent Maintenance of Accounts of MPFI by a Public Sector Bank as IDRBT is temporarily maintaining the Accounts. • Nomination/Selection of a Treasurer. MPFI Meeting at The Imperial Hotel, New Delhi

Issues for Discussion • As per the Bylaws, MPFI Society should have two Accounts. • Corpus Fund Account. • General Account • It is now proposed that a new Account is opened after the Registration process of the Society is completed, which will be maintained by the Treasurer and 10% of the Fund collected in 2008 should be put under Corpus Fund. MPFI Meeting at The Imperial Hotel, New Delhi

Financial Status of MPFI MPFI Meeting at The Imperial Hotel, New Delhi

Thank You

Mobile Payment Forum of India (MPFI)