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a2a interoperaBility makinG moBile money scHemes interoperate
analysing these market conditions using the criteria given in the sections above leads to the following assessment:
PArTNEr DIrECT COMMErCIAl
ASSESSMENT BIlATErAl NEUTrAl COMMErCIAl BANK TO CONNECT TO PrOCESSOr
CrITErIA AGrEEMENT PrOCESSOr PrOCESSOr NATIONAl NATIONAl FOr BANK
ACH ACH INTErFACE
mnos neW rules For neW rules For stanDarD alloWs knoWn For
central Bank
For BotH
rISK IMPACT unDerstanD settlement settlement. inter-scHeme to monitor all inter-scHeme.
neW For Bank
Bilateral
relies on tHirD
aGreements reQuireD party. anD Bank inter-scHeme inteGration
settlement
inteGration
IMPlEMEN- new service to be potential to common apis cHanGes potential to
TATION common apis created use eXistinG For scHemes. to acH use eXistinG
processor. api
processor. api
reQuireD
sinGle Bank
COMPlExITy reQuireD inteGration speciFications reQuireD
TrANSAC- inter-mmo unknoWn siGniFicant inter-scHeme partner unknoWn
By aGreement
scHeme By
TION COST aGreement BeneFit For aDDitional tXn acH Bank Bank acH aDDitional
Very loW
IMPACT Bank By Value tXns costs suBmission settlement costs
aGreement
costs.
rEGUlATOry no BlockinG cost impact cost impact no BlockinG not eXplicitly cost impact
reQuireD By
For Financial
For Financial
For Financial
FrAMEwOrK reGulation inclusion inclusion reGulation reGulation inclusion
eXistinG unDeFineD limiteD cHoice
For Bank
AGrEEMENT eXistinG neW JV, unDer neW scHeme structure. –acH outsiDe inter-Face
acH outsiDe
scHemes’
FrAMEwOrK structures control anD processor scHemes’ scHemes’ outsiDe
control control scHemes’
control
Direct sinGle sinGle sinGle
SCAlABIlITy connections sinGle sinGle connection connection connection
connection
connection
to eacH
participant For Banks For all For Banks
USEr real-time real-time to real-time to clearinG clearinG Delay unknoWn
in acH For all
Delay in acH
settlement
ExPErIENCE Be Built Be Built For Bank inter-scHeme Delays.
transFers
transFers
likely to Be JV creation reasonaBle aGreement
TIME TO relatiVely Fast likely to – assuminG likely to Be reQuireD WitH likely to Be
relatiVely
central Bank
relatiVely
MArKET For maJor Be time suitaBle Fast. anD BankinG Fast.
Banks consuminG processor. sector
Table 8: Market Example 1 Assessment
40
analysing these market conditions using the criteria given in the sections above leads to the following assessment:
PArTNEr DIrECT COMMErCIAl
ASSESSMENT BIlATErAl NEUTrAl COMMErCIAl BANK TO CONNECT TO PrOCESSOr
CrITErIA AGrEEMENT PrOCESSOr PrOCESSOr NATIONAl NATIONAl FOr BANK
ACH ACH INTErFACE
mnos neW rules For neW rules For stanDarD alloWs knoWn For
central Bank
For BotH
rISK IMPACT unDerstanD settlement settlement. inter-scHeme to monitor all inter-scHeme.
neW For Bank
Bilateral
relies on tHirD
aGreements reQuireD party. anD Bank inter-scHeme inteGration
settlement
inteGration
IMPlEMEN- new service to be potential to common apis cHanGes potential to
TATION common apis created use eXistinG For scHemes. to acH use eXistinG
processor. api
processor. api
reQuireD
sinGle Bank
COMPlExITy reQuireD inteGration speciFications reQuireD
TrANSAC- inter-mmo unknoWn siGniFicant inter-scHeme partner unknoWn
By aGreement
scHeme By
TION COST aGreement BeneFit For aDDitional tXn acH Bank Bank acH aDDitional
Very loW
IMPACT Bank By Value tXns costs suBmission settlement costs
aGreement
costs.
rEGUlATOry no BlockinG cost impact cost impact no BlockinG not eXplicitly cost impact
reQuireD By
For Financial
For Financial
For Financial
FrAMEwOrK reGulation inclusion inclusion reGulation reGulation inclusion
eXistinG unDeFineD limiteD cHoice
For Bank
AGrEEMENT eXistinG neW JV, unDer neW scHeme structure. –acH outsiDe inter-Face
acH outsiDe
scHemes’
FrAMEwOrK structures control anD processor scHemes’ scHemes’ outsiDe
control control scHemes’
control
Direct sinGle sinGle sinGle
SCAlABIlITy connections sinGle sinGle connection connection connection
connection
connection
to eacH
participant For Banks For all For Banks
USEr real-time real-time to real-time to clearinG clearinG Delay unknoWn
in acH For all
Delay in acH
settlement
ExPErIENCE Be Built Be Built For Bank inter-scHeme Delays.
transFers
transFers
likely to Be JV creation reasonaBle aGreement
TIME TO relatiVely Fast likely to – assuminG likely to Be reQuireD WitH likely to Be
relatiVely
central Bank
relatiVely
MArKET For maJor Be time suitaBle Fast. anD BankinG Fast.
Banks consuminG processor. sector
Table 8: Market Example 1 Assessment
40
