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Telecom Finance

Telecom Finance. Zhao Ping CCSA China Telecom. Global Standards Collaboration (GSC) GSC-15. Telecom Finance Definition. Telecom Finance

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Telecom Finance

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  1. Telecom Finance Zhao Ping CCSA China Telecom Global Standards Collaboration (GSC) GSC-15

  2. Telecom Finance Definition • Telecom Finance • Is a common important infrastructure functionalities including Identification networking, E-money, payment, banking, exchange, investment, even P2P finance etc. for service/application entities or users in SP/NO world. With mobile and fixed telecom technologies, these features can be easily accessed anytime, anywhere, by anyone and could be supported in P2P mode.

  3. TelecomFinanceFunctionalities Framework … B2B B2C P2P Finance … X-Wallet Payment Banking Exchange Regulations E-Money Management Identification Network/Terminal Financial Entities/Facilities

  4. Key Requirements of Telecom Finance • Anytime, anywhere, can pay • Online payment • Mobile payment • Fixed payment • Remote payment • Onsite payment • Anytime, anywhere, can do business • Anytime, anywhere, can finance • Anyone can be Alibaba/Taobao/eBay owner in SP/NO. • Telecom Finance activities will be implemented through telecom activities, maybe a finance data session or a call. • Security / Everything Identification

  5. Strategic direction • General Telecom Finance Framework. • Identification networking for Telecom Finance. • E-money, payment etc. in SP/NO to supportB2B, B2C, C2C. • Widely provide financial service with telecom technologies. • Interface between Telecom and finance side. • Interoperability. • Regulations and management.

  6. Challenges • Regulations of Telecom Finance • Security • Habit and culture impact • International interoperability • Co-operations among PSO, SDOs, Telecom and Finance side.

  7. Development of Telecom Finance • Current standardizations and work • The technology requirement for electronic payment of mobile terminal based on short-range radio communication technology,Technology report, CCSA • Identity management and identification systems, HIS, GSC • Others. • Micropayment / Small number payment--China Mobile • Online payment—Taobao/Alibaba • Mobile payment / Banking--KDDI/ NTT • E-Money—NII • Future steps and standardizations • General telecom finance framework • Further study E-money, payment etc. in SP/NO, including P2P • Interface between telecom and finance • Telecom Finance study as Internet of Things.

  8. Why Telecom Finance • Perfect payment in SP/NO cyber-society. • Easily, equally and widely to access financial service for most population. • Faster money flow, e-business promotion to boom global economy. • Better financial regulations through identification networking. • Enhanced features for both sides of telecom and finance. • More green. • Make our society better.

  9. New HISProposal • CCSA would like to propose TelecomFinance as a new HIS in GSC.

  10. Thank you! zhaop@gsta.com +86 20 3863986

  11. Supplementary Slides

  12. Telecom Value is Changing • Traditional telecom value • Anytime, anywhere, to communicate • New telecom value • Anytime, anywhere, to do everything in SP/NO • Smart grid, E-health, ITS, USN, Railway communication, R-education, entertainment, enterprise application, e-business such as Alibaba/Taobao/eBay etc. • Major factors are needed to do everything • Information flow - Information • money flow - Finance • Goods flow - Logistics

  13. Telecom and Finance need each other in SP/NO Future Telecom Business Transformations • In SP/NO world, Strong link between Telecom & Finance, which is Telecom Finance. Service Provider (SP) - 10000 + Video/Audio, IPTV, OnlineGame, eCommerce, Searching, BestTone, IM, VAS, CPetc. Tier 3 Operators 4G/3G, NGN/IMS, internet, PSTN, Wimax, ICT, BroadBand etc. Tier 2 Operators Fiber, Copper, Duct, Physical media, etc. Tier 1 Operators Infrastructure Network Operator (NO) -10+

  14. Telecom Finance Study • Telecom Finance Framework • Technology • Infrastructure for SP/NO • Identification Network in NGN • Interface between Telecom Operators and Banks. • Security • Management • Rules • Regulation • Enforcement. • Cooperation

  15. About Security • General Basic Security • Identification--Identification should be everything for security • Physical identification • Physical port/card • Physical connection • Physical Location/address • Network Identification • Network address • Connection/route • Terminal • Signaling • Service/Application Identification • Service/Application • Process • Business/User Identification • Individual / enterprise / SP • SP/NO interface • Finance Identification

  16. Implementation of Telecom Finance • ID card, credit card embedded in phone/terminalcan communicate anytime, anywhere. • E-Moneywill replace traditional money step by step. • P2P finance will be supported together with traditional finance. • Implement a integrated infrastructure for B2B, B2C and C2C business in our SP/NO cyber-society.

  17. Summaries • Telecom operation requires more financing functions. Telecom operators and banks will impact each other. • Telecom Finance needs a IDENTIFICATION network technology. • Telecom Finance, also Internet of Things. • Telecom Finance, a new important infrastructure to boom economy. • Standardization of Telecom Finance. Telecom Finance, Better Society.

  18. Definitions • E-Money • refers to money which is only exchanged electronically.  • P2Pfinance • refers to person to person lending without the intervention of banks.

  19. Fora • OMA • MeT • Mobile Payments Forum • Mobey Forum • PayCircle • Irda • Raddichio • Liberty alliance • Parlay/OSA • GSMA

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