a review on ecash and payment along with latest development in Pakistan on ecash and its services.

1. eCash
Junaid Zamir
(SP10-mm-0040)

2. eCash - eBanking
Agenda
• Overview
• Credit / Debit cards
• Eletronic Funds Tranfer (ETF)
• Eletronic Cheques
• Cash cards
• E-Banking
• ePayment Platforms Pakistan
• Main Factors / Concerns

3. eCash - eBanking
What is e-cash
• Use of electronic means to convert current
cash transactions.

4. eCash - eBanking
ePaymentePayment
InstrumentsInstruments
• Defined as the medium in which the value is recognised in a
payment transaction
• Card-based such as
– Credit and charge cards
• buy now, pay later
– Debit cards
• buy now, pay now
– Cash cards, stored-valued, e-cash
• buy now, prepaid or pay before
4

5. eCash - eBanking
Credit Cards
• Buy now, pay later
• Credit card provides a card holder
credit to make purchase up to
amount fixed by a card issuer.
• In B2C business, it continues to be
the most used form of payment
system given its high
convenience.

6. eCash - eBanking
Credit card
• Entities that involve in the credit card payment system include
- Card holder
- Merchant (seller)
- Card Issuer (Your bank)
- Acquirer (merchant’s financial institution
- Card Association (Visa, Master Card etc)
- Third party processor

7. eCash - eBanking
Debit CardsDebit Cards
• Direct electronic transfer of account -
direct account debiting
• Uses chip/smart eWallets
• Digital signature to secure access
• Connected to eBanking solution
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8. eCash - eBanking
Electronic Fund Transfer
(EFT)
• EFT refers to the paperless act of transmitting
money through a computer network
• It is mostly used for Business to business (B2B)
commerce where companies doing business
together tend to use electronic data interchange
(EDI) system to send each other bills and notices of
payment
• The payments are made using electronic fund
transfer between banks

9. eCash - eBanking
Electronic Check (E-Check, Digital
Check)
• A new electronic version of paper check. E-check is
an instruction to a financial institution to pay a given
amount of money to the payee.
• It is a specially formatted email message sent over
the Internet. It contains as the same information as
on paper based check.
• Digital certificate and signature are used to secure
the cheque so that the contents are not tampered
with

10. eCash - eBanking
Cash CardCash Card
• Payment solution on a proprietary protocol that
allows payment over the Internet
• A digital/virtual wallet with prepaid credit-
based/token-based payment system
• Enables low-value electronic payments on the
Internet
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11. eCash - eBanking
ePayment Platforms Pakistan
• Mobilink Genie
• UBL Omni
• Utility Bill Payments
• Easy paisa

12. eCash - eBanking

13. eCash - eBanking
Introduction
• Genie is a mobile lifestyle solution, a true value
added service offered by Mobilink in
collaboration with Inov8. It transforms every
mobile phone into a fast, convenient and secure
channel for
• Buying products,
• Paying for services and
• Transferring money through a few clicks of the
mobile handset.

14. eCash - eBanking

15. eCash - eBanking

16. eCash - eBanking

17. eCash - eBanking

18. eCash - eBanking
UBL Omni
• UBL comes with up with a different from
conventional banking service, Like Telenor
EasyPaisaa but UBL Omni supported with all
mobile networks service.
• What is UBL Omni :
UBL Omni is branchless banking service by
UBL, which means user does not have to go to
UBL bank branch to avail banking services.

19. eCash - eBanking
UBL Omni
• Account Opening
Cash Deposit
Cash Withdrawal
Utility Bill Payments
Prepaid/Postpaid mobile bill payment
Domestic Remittance
• 1. PTCL
2. SSGC
3. SNGPL
4. KESC
5. HESCO
6. FESCO
7. IESCO
8. QESCO
9. KWSB

20. eCash - eBanking

21. eCash - eBanking
Easy PaisaEasy Paisa
• Telenor Pakistan has partnered with Tameer Micro
Finance Bank to introduce branchless banking for the first
time in Pakistan.
• Easypaisa is not just limited to Telenor subscribers; it’s
available for all mobile users. In fact people without
mobile phones can equally enjoy our products. So now
everyone can use our services from anywhere and
anytime.

22. eCash - eBanking

23. eCash - eBanking
ePayment SolutionsePayment Solutions
• Must provide security: resistance to fraud and online attacks
• Reliable: highly available and accessible at all times
• Cost effective: cost per transaction should be low even for micro-
payment
• Integrated and scaleable: interoperable amongst different systems,
payment methods and multiple servers distributed across the Internet
• Convenient and easy to use: should support several devices
• Anonymity: should protect the identities of parties to the transactions
and should not monitor the sources of finance

24. eCash - eBanking
Main factors when selecting e-
payment method
• The ability to provide security against fraudulent
activity
• Being cost effective for low value transaction fees
• Being protective of the privacy of the users
• Easy to use, and being convenient for purchasing
on the web based e-business

25. eCash - eBanking
Advantages and Disadvantages
of Electronic Cash
• Advantages
– More efficient, eventually meaning lower
prices
– Lower transaction costs
– Anybody can use it, unlike credit cards, and
does not require special authorization

26. eCash - eBanking
Advantages and Disadvantages
of Electronic Cash
• Disadvantages
– Tax trail non-existent, like regular cash
– Money laundering
– Susceptible to forgery