Page 42 - SAMENA Trends - November-December 2019

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

at merchants by unlocking their mobile mobile payments and to bring the payment the Omni-channel experiences, but also
phone screen using fingerprints, the screen experience in India on par with the continuously iterate and engage the
lock facility or an MPIN and tapping the developed world.” Security has remained a consumers, through instant configuration
phone at an NFC POS. This simple “tap and priority, whilst launching this service. The capability, marketing automation,
pay” process has made contactless mobile SBI Card Pay service uses tokenization personalization and experimentation
payments swifter and more seamless for to convert a customer’s card information engine. This empowers the bank to deliver
customers. Hardayal Prasad, Managing into a device-specific digital token. Hence, a hyper-personalized experience, thereby
Director and Chief Executive Officer, SBI while executing a transaction, a digital enhancing the customer’s value, and,
Card said, “SBI Card Pay is leveraging next- token is shared and the customer’s actual subsequently, profitably transition to the
gen technologies like HCE to deliver faster, card information is never revealed to the digital age. Moreover, the product also
secure and more convenient contactless merchant, thus securing the transaction. delivers agile and secure contactless
mobile payments to our consumers, In case the customer’s mobile device payment experience to the customer, by
redefining their payment experience. This is misplaced, details of the card remain leveraging HCE and tokenization. HCE
new service will accelerate the growth of secure, as it is stored as digital tokens. enables the customer to have a digital
contactless mobile payments in India and Moreover, customer convenience remains version of the credit or debit card in their
make the country digitally empowered paramount. The service is a part of the SBI mobile phone and use it at payWave/
in the field of payments technology.” Card mobile application, which is a one- payPass certified POS machines. This
Srinivas Nidugondi, Executive Vice stop shop for managing credit card account, eliminates the requirement of a physical
President and Chief Operating Officer, as well as making payments. Customers card. Tokenization ensures that payments
Mobile Financial Solutions, Comviva said, do not need to download any additional are executed in a secure manner, as
“With the growing NFC POS infrastructure mobile application for this service. SBI details of the card are not shared with the
in India and mobile phones becoming de Cards also allows customers the choice to merchant, while the transaction is being
facto wallets for consumers, we expect set limits pertaining to per transaction and processed. mobiquity® is a multi-token
“tap and pay” to become the future of daily transactions. In case the customer’s service provider (TSSP) solution, which is
contactless payments in India. We are mobile device is misplaced and the digital readily integrated and certified for usage
happy to say that Comviva is supporting token has been blocked, the physical card with Visa’s VTS and Mastercard’s MDES
SBI Cards to make this future possible can still be utilized. Comviva’s mobiquity® solutions. It provides support for any other
through its mobiquity® Banking suite. Banking suite provides a comprehensive TSP as well, using a single proprietary
The suite leverages HCE and tokenization solution to banks and financial institutions, SDK, across devices.
for seamless and secure contactless to not only build, manage and control

Eutelsat Releases First Quarter 2019-20 Revenues

Eutelsat Communications reports revenues expectation that the revenues profile for These objectives are subject to a nominal
for the First Quarter ended 30 September the current year will be back-end loaded, deployment plan, and notably the outcome
2019. Rodolphe Belmer, Chief Executive the outturn of the First Quarter is slightly of tests on the condition of the EUTELSAT
Officer, commented: “The first Quarter below our expectations, notably due to 5 West B satellite.”
has seen a number of milestones in our worsening trends in Data & Professional [1]Change at constant currency and
Connectivity strategy, with the procurement Video and the unplanned return of a couple perimeter. The variation is calculated
of EUTELSAT 10B with significant pre- of transponders in Russia. On the other as follows: i) Q1 2019-20 USD revenues
commitments in the mobility segment and hand, the coming quarters will benefit from are converted at Q1 2018-19 rates; ii) Q1
the foundations laid for the IoT strategy, easing comps in Government Services and 2018-19 revenues are restated from the
notably with the order of our first ELO Data & Professional Video, the contribution disposal of Eutelsat’s interest in Eutelsat
constellation nanosatellites. Elsewhere, of new capacity and the ramp-up of 25B which occurred in August 2019.
we have added a further lever to our cash African Broadband. We therefore confirm [2]Other revenues include mainly
flow strategy with the roll-out of the LEAP our Full Year objective of revenues for compensation paid on the settlement of
2 cost-savings plan, aiming to generate the Operating Verticals of between€1,280 business-related litigations, the impact of
opex economies of €20-25 million by million and €1,320 million, albeit with an EUR/USD revenue currency hedging, the
FY 2021-22, which will be reinvested increased likelihood of a landing in the provision of various services or consulting/
in our future growth verticals whilst lower half of this range. All other elements engineering fees and termination fees.
preserving our EBITDA margin. Despite our of the financial outlook are also reiterated.

42 NOVEMBER 2019