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a2a interoperaBility makinG moBile money scHemes interoperate
3.5
Partner bank to
national AcH
I n this option, the mmo schemes inter-connect directly to each other, through bilateral agreements (as in the first option 3.2), but
inter-connect to the banking sector through a single partner bank relationship. the bank partner relationship is then used to connect
through to the remaining banks through the national acH.
as typically all banks connect to the acH for bank account to bank account transfers, this facility would be used by the partner bank to
convert mobile wallet e-money to ‘real’ banking system money before making a transfer from a scheme bank account to the recipient’s
bank account at another bank – and vice versa for bank account to mobile wallet e-money. if the recipient’s bank account was with the
partner bank, the acH would not need to be used for the transfer.
it is worth noting that in some markets a national acH may not exist and that lower value payments between banks may be carried out
using bilateral agreements between banks. in this case, this option may still be appropriate as an agreement with a single bank should be
enough to allow transfers to all other banks.
this approach is illustrated below:
MMO A MMO B BANK
BANKS
MMO C BANK ACH
$
$ $
Figure 4: Partner Bank to National ACH
16
3.5
Partner bank to
national AcH
I n this option, the mmo schemes inter-connect directly to each other, through bilateral agreements (as in the first option 3.2), but
inter-connect to the banking sector through a single partner bank relationship. the bank partner relationship is then used to connect
through to the remaining banks through the national acH.
as typically all banks connect to the acH for bank account to bank account transfers, this facility would be used by the partner bank to
convert mobile wallet e-money to ‘real’ banking system money before making a transfer from a scheme bank account to the recipient’s
bank account at another bank – and vice versa for bank account to mobile wallet e-money. if the recipient’s bank account was with the
partner bank, the acH would not need to be used for the transfer.
it is worth noting that in some markets a national acH may not exist and that lower value payments between banks may be carried out
using bilateral agreements between banks. in this case, this option may still be appropriate as an agreement with a single bank should be
enough to allow transfers to all other banks.
this approach is illustrated below:
MMO A MMO B BANK
BANKS
MMO C BANK ACH
$
$ $
Figure 4: Partner Bank to National ACH
16
