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A Brief Introduction to!

Payments & Payment Systems!


(in Pakistan)

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What is a Payment System?

Any system(s) that facilitates the transfer of money! between a Payer and the Payee

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What is the Core of a! Payment System?

Its a Bank!! Without a Bank, you cannot legally have a ! Payment System &/or Payment Network

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Definition of a Payment System


A payment system consists of a set of instruments, banking procedures and, typically, interbank funds transfer systems that ensure the circulation of money

Glossary denition from the Committee on Payment and Settlement Systems (BIS - Bank of International Settlements). See glossary at: http://www.bis.org/publ/cpss00b.pdf (March 2003)

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What does it look like?

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What does it look like?

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What does ecosystem look like?

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Extended Ecosystem

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Hierarchy in Payments/Banking
CENTRAL BANK (FINANCIAL REGULATOR)
BANK BANK BANK BANK BANK

PAYMENT SERVICE PROVIDERS (ISO/MSP)

STARTUPS

STARTUPS

STARTUPS

STARTUPS

STARTUPS

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The Common Denominator


BANK BANK BANK BANK BANK

1Link

MNet

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CENTRAL BANK (FINANCIAL REGULATOR)


BANK BANK BANK
SWITCH PAYMENT SERVICE PROVIDERS (ISO/MSP) SWITCH STARTUPS SWITCH STARTUPS SWITCH STARTUPS SWITCH STARTUPS STARTUPS

BANK

BANK

STARTUPS

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The

Story
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How Big is the! E-Commerce Market place in Pakistan?

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PAKISTANDATASURVEY.ORG

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Whats coming in 2014?

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Some initiatives worth mentioning

Integration with Major Websites for ! direct Account Debit Micro Payment Gateways Market Makers ISP/MSP Programs ROPO/OOPO/POPO

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So if you have an idea

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Fl!"#
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100+ Million Mobile Phones 30+ Million Internet Users 1.2 Million Credit Card Holders 20+ Million Debit Card Holders 9+ Million Facebook Users 180+ Million Population 28+ Million Bank Account Holders* 10,000+ RTOB 6,700+ ATMs 33,000+ POS Machines 10+ % Quarterly Growth in ! Internet & Mobile Banking 750 (approx.) Online Shops

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Thank you!!
! ! !

faisal@faisalkhan.com

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