Wednesday, April 11, 2012

Central Bank of Brazil: Regular 'new money' is the biggest challenge of mobile payment

The director of the Central Bank Monetary Policy Committee, Aldo Mendes, adopted a fairly cautious and did not give deadlines for the publication of a regulatory framework for the use of mobile phones as payment. But he admits that the environment today, with more than 257 million active chips in the country - will require new rules, according to the audience: Classes C, D and E, outside the traditional banking system.

Mendes, who attended on Tuesday, 10/04, the 17th edition of Cards Payment & Identification, in the state capital, maintained that the working group - set up last week after a meeting between Communications Minister Paulo Bernardo, and President BC, Alexander Tombini - has started its activities - it has 90 days to define a model - and that issues such as simplicity and banking inclusion are relevant to the definition of the adjustment points.

"I do not set deadlines - even for this group of work - because there are many actors involved in the process - credit cards, banks, carriers and government - but I'm sure simplicity, safety and universality, as well as interoperability between technology platforms, are critical points to be worked, "said Mendes.

Asked about the auto service, the BC director said that a settlement between the parties is always welcome, but to regulate it, yes, the government and BC. And one of the points that can be placed on the table is the creation of a neutral entity to serve as a clearing house for mobile transactions. "This is a model that works in SPB (Brazilian Payments System) and can be a good alternative for the new money that will go into circulation," he said.

Whether the mobile payment is seen for all social classes, including bank is one of the challenges imposed by the government. Both Mendes said that the intention of using the means to simplify the access of families benefiting from social programs such as Bolsa Familia, the financial resources of the cell.

But there are issues to be solved: The main one is the model for the remuneration of agents - banks and operators. You will also need to create templates that simplify access to means of payment - without the need to check facts, as required today for the opening of current accounts. But the fact is that the animosity between banks and telcos are more lenient and it is possible to sit at the table to negotiate.

"The prepaid card with a payment confirmation via SMS, is a clear solution for mobile payment. The Hi have a card in this model even in 2012, in partnership with the Bank of Brazil. But the challenge is to have the simplicity that exists today to buy a prepaid cell. the acquisition of mobile money, which is a new money, is not known today because he simply does not exist yet - lies, in fact, with the money on paper, should be very simple, "said the director of Services and Products Hi, Gabriel Ferreira. "But at the same time will require interoperability of systems to prevent fraud and money laundering," he added.

Have Mauricio Roman, Vivo, says the service pay for the actors will be a reality - but the business does not revenge - but argues that tariffs should not replicate the current model. "The costs should be much lower than those charged today for a DOC, a TED. If not, there is no banking desired. The mobile payment could explode if the agents act in favor of the model. Can repeat the corresponding bank. the phone will be a channel and should be seen as well, "mused the officer.

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