Novatti's Mobile Money solution is an award winning, state of the art, mobile financial software. The Novatti Payments System (NPS) is a high capacity transaction switching and account management system that can be integrated with a broad range of external systems including Banks, ATM’s, EFTPOS terminals, mobile phones, web portals, Point of Sale systems, prepaid and postpaid billing systems, and telecommunications infrastructure. The system can mediate between external accounts (e.g. bank account, biller system or prepaid phone account) and can be configured with internal accounts that can be used to transact virtual value with other internal or external accounts. Settlement with external agencies is achieved real time, or by regular production of electronic banking files containing all settlement and reconciliation details. The solution provides a secure, reliable and scalable method to deliver a digital wallet system where end-users use digital wallets to transact with each other as well as execute e-commerce transactions with integrated third party systems. The digital wallets can be configured for monetary use, or another unitised entity such as loyalty points. Mobile Money - Key Facts 1. The Mobile Money Service Provider must hold the customers’ money in trust in commercial banks, which are, in turn, prudentially regulated. Mobile Money is generally counted as part of the M1 supply. 2. Mobile Money cannot create funds outside the financial system. All monies deposited in Mobile Money accounts must be backed by real funds in a commercial bank. 3. Each Mobile Money transaction can be traced and tracked through its life cycle for AML/CTF purposes. 4. Mobile Money merchants and cash-in/out agents invest their own working capital into their operations. They pre-buy Mobile Money so they can then sell it for cash to customers who want a cash-in transaction. For cash-out operations, they sell their cash and are paid in Mobile Money. 5. Mobile Money agents need to be well trained and the Mobile Money Service Provider must perform a due diligence operation on their recruitment. Regular monitoring and re-training is necessary. 6. KYC checks are required for all customers when they register – agents must be trained to process registrations according to the KYC requirements. 7. Mobile Money is an efficient transaction service and does not provide financial inclusion itself, but it is a powerful tool to deliver the services required for financial inclusion.

1. Mobile Money
Provide mobile payments for developed markets and financial inclusion for the unbanked in developing economies
INNOVATION FOR PAYMENTSTM

2. Any
Service
Provider
Financial
Institutions
Retail &
online
merchants
Telcos &
mobile
network
operators
when mobile network operators enable their customers to conveniently
purchase airtime via their phone or online
secure and seamless use of ‘stored value’ to pay for goods and services
using a mobile phone
by using their mobile phone for authentication during online checkout
customers use their mobile phone to send vouchers and recipients
receive notification by SMS for in-store or online redemption
when mobile technology is offered as an additional channel to pay
utility or subscription bills, whenever and wherever convenient
rather than monetary amounts, the stored value in customer accounts
can as easily be earned and redeemed in the form of loyalty points
access to credit and repayment of loans for the ‘unbanked’
via a digital wallet
transferred by the user to a trust account and held for the
agent-authenticated recipient or transferred to their bank account
enabling customers without ready access to financial institutions to
deposit cash at any bank branch or affiliated merchant using their
mobile phone
allowing even unbanked mobile users to access cash using their phone
number and pass code by integrating the banking system with stored
value accounts
Airtime
top-up
Loans, credit &
microfinance
Remittance
ATM
withdrawals
Savings
programs
Merchant
payments
eCommerce
Gift
vouchers
Loyalty
programs
Bill Payments
Mobile Money
Use Cases
Access to convenient and secure
mobile financial services
According to a World Bank report, in 2012 there were more people in the
world with a mobile phone than a bank account. This presents a massive
opportunity for the provision of financial services via mobile phones.
Mobile Money is a convenient way for customers to establish an electronic
account and maintain a ‘stored value’, accessible from their mobile phone,
which can then be used for a wide variety of financial transactions. Mobile
Money is a highly effective means of facilitating secure electronic transactions
in both developed and developing markets.
Governments can also use Mobile Money to securely and efficiently disburse wages, pensions and welfare payments
to individuals with stored value accounts. A database of account details and mobile phone numbers for each
recipient enables the implementation of automatic disbursements at regular intervals. Once a transfer is made, the
recipient is notified via SMS.
Novatti’s Mobile Money solution
connects service providers and end-users
by turning any mobile phone
into an electronic funds account,
allowing service providers to target
both banked and unbanked users. It
can be easily and quickly adapted to
a variety of specific needs.

3. With this versatile & scalable solution in place, service providers can offer a
broad spectrum of intelligent and practical branded services, each supported
by comprehensive reports containing all settlement details.
Fully
Interoperable
Benefits
Novatti’s Mobile Money solution
has embedded APIs to enable
integration with other wallet
services such as Google Wallet™
or PayPal™, money transfer
operators such as Western Union™
or MoneyGram™ and major credit
card providers.
It is also easy to integrate with
existing billing, credit and banking
systems.
Reduces the risks and costs of
holding cash
Ease of use -
no need to carry cash or
multiple cards
Attract new
customers and
extend market reach
Differentiate payment
methods to gain
competitive advantage
Enhance your
brand image
Unlock new
revenue streams
Expand your cross-sell
and upsell
opportunities to
existing customers
Enhance end-user
experience with more
value-added services
Increase customer
loyalty and reduce
churn
Experience low
acquisition cost and
rapid time-to-market
Reduce operational
costs through
automated channel
management and
settlement processes

4. Level 1, 293 Swanston Street, Melbourne VIC 3000 Australia
© 2014 Novatti Pty Ltd. All rights reserved.
Specifications and descriptions are summary in nature and subject to change without notice.
www.novatti.com
About Novatti
Novatti is focused on payment technologies, with a proven record over 15 years for delivering innovative payment solutions to a global base of Tier 1 and smaller service providers and start-ups.
Our and multi-services payments platform with a defined roadmap for innovation, along with our deep domain knowledge, enable telco, financial and alternative network service providers to extend their product portfolio – taking robust, integrated new payments services to market faster and more cost-effectively.
We help our customers take advantage of the rapidly- expanding marketplaces of mobile and unbanked users – as well as differentiating their services to acquire new customers and increase revenues from their existing base.
Create New Financial Services
Ask Novatti How
info@novatti.com
+61 3 9011 8490
shai.elnekave@novatti.com