aircel_vas_highfives
TRANSCRIPT
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THE VAS MARKETTEAM: High-Fives
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Different S ervices o f Telc om S ect o r
Telecom Sector
Telephone
Wireline Wireless
CDMA GSM
InternetServices
Va lue AddedServices
P MRTS VSAT
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Pa ge 3
All India GSM C ell Sub scri b ers March 2010 (COAIRep o rt)
S l. No .
Na m e o f Com pany To tal SubFig u res
% Market S hare
1 B ha rti Airtel 1 276 19 314 30.25%
2 Vod af one Ess a r 1 00858358 23. 91 %
3 IDEA 63824
5881
5.1
3%4 B SNL 63 4 8633 9 1 5.05%
5 Aircel 3686 11 74 8.7 4 %
6 Reli a nce Telecom 1 63 11 206 3.87%
7 MTNL 4 78 44 53 1 .1 3%
8 Uninor 28 44 583 1 .0 1 %
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VAS I ntr o d u cti o n
VAS adoption in India will spur due to positive demography, growing middle class and increasing spending power of people at the bottom of the pyramid.
Why India?
A you ng nati o n with o ver 64 % o f its citizens b el ow the age o f 34 years Literacy rate o f ar ou nd 80 % a mo ngst the age gr ou p o f 15-24 yearsThe gr ow th and e m pl o ym ent o pp o rt u nities > R ising Inc om e
Cu rrent VAS ad o pti o n is lim ited to select set o f services, this c omb inati o n o f age, inc om e and pe o ples mob ility pr om ises a great f u tu re.
The mob ile VAS reven u es in the c ou ntry are driven b y the P2P SMS service, f o llow ed b y mu sic.
De m and f o r mob ile VAS is driven b y the increase in the mob ile s ub scri b er b ase, which has exceeded the 700 m illio n m ark, as well as aggressive m arketing eff o rts b y telec om
o perat o rs
M-Comm erce (services s u ch as mob ile b anking, mob ile pay m ents and mo ney transfer) expected to drive the m arket
3G S ervices to pr o vide ne w services s u ch as high speed data transfer
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VAS I ntr o d u cti o n
Acc o rding to the Internet and Mob ile Ass o ciati o n o f India (IAMAI), the mob ile VAS in India was esti m ated to b e wo rth INR145 .0 b illio n in 2010 , gr ow ing at a CAGR o f mo re than 50 % d u ring 200610 .
Entertain m ent mob ile VAS c o nstit u tes 57 % o f the o verall reven u es f o llow ed b y
inf o r m ati o n mob ile VAS (39 %) and m- c omm erce (4%).
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VAS I ntr o d u cti o n
P ers o n -to- pers o n (P2P ) SMS Mo n o to nes Po lyt o nes Tr u et o nes
Caller ring -b ack to nes (CRBT ) P ers o n -to- applicati o n (P2A ) SMS Applicati o n -to- pers o n (A2P ) SMS Ga m es S ervices s u ch as m c omm erce and
m radi o
Key mob ile VAS
Co ntent ow ners Co ntent aggregat o rs o r devel o pers Media c om panies Techn o lo gy ena b lers S h o rt -c o de pr o viders Handset m an u fact u rers Co ntent c o nverters
Key participants in the mob ile VAS m arket
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VAS I ntr o d u cti o n
Introduction of 3G and 4G > high rate of data transfer,> avenues for new VAS applications
Handset manufacturers with powerful OS andassociated Application Stores have entered
The Mobile Operators are reaching saturation levels of teledensity in urban areas
Need to look at non-voice revenues to increaserevenues.
VAS at inflecti o n p o int in India
Handset manufacturers can enable content andapplication creators to directly reach consumer throughapplication stores > increased importance
However, for basic VAS, mobile operator still remainsthe only route.
All stakeholders need to collaborate to reach out toconsumer with most relevant content.
Com pete to Co lla bo rate
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VAS S ervices De m and: S erviced vs. Fu tu re Ad o pti o n vs. Untapped Po tential
Future adoption relates closely to the current awareness levels of consumers.Growing demand for entertainment services like listening to music &watching movies over mobile.
Followed by high potential information based VAS such as news updates & medical services over mobile.
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VAS V al u e Chain
Multiple stakeholders are involved in delivering MVAS to the end users. Each stakeholder contributes to a specific partof MVAS a nd c a n h a ve multiple business models.
Reg u lat o r
P r oj ect Manage m ent Gr ou p/ AgencyCould be Government B ody/NGO/Service P rovider/Oper a tor etc. responsible
f or delivery o f services in a n e ff ective m a nner, progr a m exp a nsion, a chieving mission
S ervice P r o vider
Applicati o nDevel o pers
Techn o lo gy Ena b lers
Operat o rs Handset Man u fact u rers
End -Users
P r o vides the S ervice and are
pri m ary c u st o dian o f data eg. Ho spital,
Bank, Ministry o f Rail w ays
Creates applicati o n, u ser platf o r m s o f techn o lo gy
ena b lers.
P r o vides s u pp o rt toapplicati o n.
Creates platf o r mf o r applicati o n
devel o pers
P r o vides applicati o nvisi b ility o n apps st o res.
Co llectP ay m ents fr omend u sers
Wo rk w ith o perat o rs &
service pr o vidersto identify
c o ns um er specific needs.
P r o vide applicati o n visi b ility o n app st o res
End UsersUse the
Applicati o n
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VAS V al u e Chain || T he Flow
The VAS v a lue ch a in consists o f six entities prim a rily involved in the f low
Source: BDA Interview and Analysis, Industry Feedback
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VAS V al u e Chain || T he Flow
Network operators dominate the revenue sharing arrangement in VAS today
Com pared to the gl ob al c ou nterparts, Indian mob ile o perat o rs are a b le to neg o tiate b etter ter m s w ith o ther players in the chain.
Glob ally o perat o rs share nearly 25-30 % o f the reven u e and p o ssess lesser c o ntr o l o ver VAS players.
T he value chain player who manages the customer, appears to be the winner with lions share of 60- 80% of VAS revenues.
ContentP rovider
5- 1 0% o f revenues
Content Aggreg a tor
1 0-1 5% o f revenues Technology
En a bler
1 0-20% o f revenues
MobileOper a tor
60-80% o f revenues Ha ndset
Ma nu facturer Consumer
Source: PwC Mobile Broadband Outlook 2015
The Operat o rs d om inate in India d u e to
Com plete c o ntr o l o ver the data pipe b eing the m a jo r c u st om er tou ch -p o int. Lack o f b randed c o ntent pr o viders leading to s m aller players entering the m arket No clear e m ergence o f a Killer c o ntent leading to a b sence o f de m and side p u ll creating space f o r
mob ile c o ntent pr o viders
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VAS V al u e Chain
Has b een the ow ner o f the end c o ns um er in the VAS ec o syste m
High b argaining p ow er as the c o ntent creat o r had to r ou te everything thr ou gh
Operat o r High S hare (60-70 %) in the VAS
reven u es
M obile Operator
Lack o f b randed c o ntent Low im p o rtance
Frag m ented players d u e to their s m all size Lim ited a b ility to invest in R&D
C ontent C reators
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VAS L ist o f S ervices
Listening tolatest mu sic
SMS Watching ne w s u pdate
Ringt o nes, w allpaper etc.
Bo llywoo d mo vies/
Mu sic vide o s
MMS M aking vide ocalls
Getting m edical
advice fr omd o ct o r
Checking e m ail
Regi o nal lang u age
mo vies/ mu sic
Internet Br ow sing
Live S p o rts Bill P ay m ents Boo king Tickets, Ho tel
Bank Acc ou nt Details
So ap Operas/ S erials
Travel Related
Inf o r m ati o n
Online Ga m es
Ed u cati o n Related
So cial Net wo rking
S ites
Banking Transacti o ns
P ay f o r Pu rchases
Weather Inf o r m ati o n
Pu rchasing P r o d u cts
Online
Inf o r m ati o n related tolo cati o n
S to ck Market Trading
Getting inf o /u pdates
o n pr o fessi o n
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VAS A ddressing the Challenges
Source: BDA Analysis
Co ntent Lo calizati o n ChallengeDevice ChallengeReven u e Challenge
Challenges that w ill b e o verc om e
Operat o r ChallengeUser Challenge
Challenges that m ay b e o verc om e o r c o ntin u e to exist
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VAS C hallenges that will b e o verc om e
Source: BDA Analysis
Advertise m ents will b e a ne w reven u e aven u e f o r VAS players and c ou ld o ffer the m the independence they need to s u cceed
Mob ile advertising will b enefit o perat o rs, advertisers, VASplayers and c o ns um ers
Addressing the Reven u e Challenge
Traditi o nal VAS-SMS , CRBT and ringt o nes will c o ntin u e togr ow w ith increased a wareness
Aw areness will re m ain a pr ob le m f o r advanced VAS services u nless m arketing is d o ne b y VAS c om panies the m selves toed u cate u sers
Addressing the User Challenge
Mo re c o ntent will b e created f o r Bo llywoo d and cricket as they are tried & tested
IVR w ill b e a s o lu tio n to lo cal lang u age s u pp o rtCreating the lo cally relevant c o ntent will still req u ire
s ub stantial invest m ents
Addressing the Co ntent Lo calizati o n Challenge
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VAS C hallenges that m ay b e o verc om e o r c o ntin u e to exist
Source: BDA Analysis
Reg u lat o ry u ncertainty ar ou nd spectr um is g o ing to c o ntin u e to hinder pr omo tio n o f VAS
In India, with the intr o d u cti o n o f 3G , high end 2G u sers can b e imm ediately m igrated f o r delivering b etter service experience and freeing capacity
With 3G o perat o rs will increase their f o c u s o n mob ile internet VAS f o r high end u sers
Addressing the Operat o r Challenge
Devices are n o mo re a challenge with mo re feat u res getting added at low er price p o intsVAS players and handset vend o rs are f o r m ing partnerships to
e mb ed applicati o nsGSM players have started ad o pting aggressive handset
bu ndling th u s red u cing GSM c o st o f ow nership, as well
Addressing the Device Challenge
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VAS N eed f o r devel o p m ent o f VAS Su pply S ide
Source: PwC Analysis
Supply Dem a nd
N on emergence of killer apps and unavailability of language specific products and content has left behind a huge unmet demand that needs to be serviced
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VAS N eed f o r devel o p m ent o f VAS Su pply S ide
Source: PwC Analysis
Co ntent Mob ile Handsets
Original c o ntent devel o pers Co ntent as extensi o n service
Co ntent Aggregat o rs 3G ena b led handsets OEM
Mostly sm a ll ventures run byf irst gener a tion entrepreneurs.
Low negoti a ting power a ndsh a re 1 0-1 5 % o f revenue
Do not h a ve the f ina ncia lmuscle to c a rry out extensive
R&D needed f or development o f killer a pps
Mostly m a r ket le a ders intheir respective dom a ins a ndprovide content a s a non corebusiness Able to negoti a te on contentsh a ring a greements a nd geta round 4 0% sh a re
Fina ncia lly strong but o ff erslimited products
Aggreg a tes content f romva rious sources a nd provideone stop shop f or customers Able to m a r ket content in auser f riendly w a y to the needycustomers
Despite getting lowsh a re( 1 0%- 1 5%), need tof ocus on their technologypla tf orm .
Over the ye a rs, 3G en a bledha ndsets prices h a ve fa llen30% (CAGR).
Yet there is need f or f urther drop to meet the unt a ppeddem a nd.
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VAS O vervie w o f S ervices
Source: PwC Analysis
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Delivery P latf o r m s
Entertain m ent Alerts and Ne ws Comm erce So cial VAS E nterprise VAS
SMS SMSRingtones/C BRTCustomizedW allpapers
Anim ations Quiz Jokes
Cric ket/ M a tch AlertsNews
Astrology, V aa stu,Fengshui, P erson a litytestB a nking In f o/ AlertsTr a vel a lerts det a ils likeTr a in, Flight det a ils etc.We a ther
Mobile b a nkingTicketingTr a vel a nd Holid a yboo kings
Loc a tion,inf ota inmentSe arch
AdvertisingMedic a l Advice
P ull on Short Codef or contests, voting,inf orm a tionP ush f or AdvertisingLB S systemsEnterprise IMGroup mess a ging
IVRs Religious ch a ntsMusic onDem and
AstrologyVaa styFengshuiP erson a lity testWe a ther
Mobile b a nkingTicketing
AstrologyservicesVoice SMSMedic a l Advice
IVR b a sed Cont a ctCentersSel f Help centersVoice P orta ls
WA P P orta ls Video ClipsMobile G a mesMobile ThemesMobile R a dio
Movies rel a ted in f oStoc k P ortf olioMa na gersNews tic kers/ a lerts
Mobile b a nkingTicketingTr a vel a nd Holid a yboo kings
MailMobileGreetingsDa ting, Ch a tting,B logging etc.
Inf ota inmentSNC / UGCInternet Se a rch
AdvertisingMessenger Medic a l a dvice
Loc a tion b a sedinf orm a tionInternet Mobile e-m a il
Mobile c a lend a r Access to Intr a neta nd Core B usiness
Applic a tionsMobile V P NP ush E-m a il over handheld devices(e.g. B la ckberry) /Wireless em a il
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SMS
Source: PwC Analysis
Mainstay o f VAS in India
Highest a w areness level (94 %)
Cu rrent ad o pti o n levels (66 %)
4 ou t o f 5 pe o ple are w illing to u se SMS in f u tu re
Mo nthly average spend o f Rs 42
SMS can c o ntri bu te nearly Rs. 14 ,000 C r o res o f reven u e b y 2015
SMS as a % of mobile VAS revenue is expected to decline to around 25% by 2015 from current levels of around 60%
Lim iting S ize o f Market: P rim ary Lang u age b eing English O nly 19 % o f p o p u lati o n
Co ntin u es to r u le bu t h o ld weakens
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SMS
Source: PwC Analysis
Po sitive Fact o rsPo sitive Fact o rs
India specific editi o ns o f ph o nes S im plicity and effectiveness o f
SMS as m edi um o f c ommu nicati o n
W hile the Minutes of Usage arefalling, the number of SMS per subscriber has increased 51%
just a year
Co ntin u es to r u le bu t h o ld weakens
Nearly 51 % o f the pe o ple are ready to ad o pt the service in f u tu re
76 % Aw areness
Com paris o n o f Aw areness and Ad o pti o n (Cu rrent and Fu tu re)
FOCUS
Operat o rs mu st f o c u s o n the
mu ltiling u al SMS s Handset Man u fact u rers wou ld need
to design key bo ards (o r applicati o ns) which are designed f o r ease o f typing in Indian lang u ages.
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Regi o nal entertain m ent
Source: PwC Analysis
N early every second person willing to use it in futureN early every second person willing to use it in future
Region a l diversitylea ds to strong
dem a nd f or region a l
entert a inment
81 % o f the moviesrele a sed in Indi a
a re non-Hindi
As economicgrowth percol a tes
down to theinteriors o f the
country
1 8% growth in a ye a r on region a lTV ch a nnels
during 2008-200 9
currently a ttr a cts35% o f tot a lviewership
More popular among people who have received less formal education
87 % o f the pe o ple are a ware o f VAS b ased o n regi o nal entertain m ent47 % are ready to ad o pt these services in f u tu reCo ns um ers are willing to spend Rs 50 per mo nth o n regi o nal entertain m entReven u e in excess o f Rs 2,500 C r o res b y 2015 f o r the VAS val u e chain
Challenge f o r the o perat o rs o f the val u e chain To c a nnib a lize the user f rom other ch a nnels such a s c a ssettes, w a lkma n, mp3 pl a yers, etc Off er reli a ble content delivery a t a re a son a ble cost
F uture Adoption by educational background
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Healthcare S ervices
Source: PwC Analysis
Fo r every 1700 I ndians there is b arely 1 d o ct o r
80 %o f these d o ct o rs are sit u ated in Ur b an
Areas
Lim ited access tod o ct o rs advice in
se m i-u r b an and r u ral areas
S hare o f w allet o f healthcare f o r an
average Indian h ou seh o ld wou ld gr owat an CAGR o f nearly 9
% d u ring 2005-2025
Goo d a w areness level o f 71 %
49 % o f the u sers
w illing to ad o pt the service in f u tu re at a price o f Rs 73 per
mo nth
Po tential to c o ntri bu te nearly Rs. 2000 C r o res as reven u e b y 2015
Interest in the service mainly comesfrom housewives and retired people
Medical Advice o n P h o ne f u tu re ad o pti o n b y o cc u pati o n
S tr o ng De m and f o r Healthcare is expressed b y pe o ple
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Vide o C alling
Source: PwC Analysis
La ngu a ge independent n a ture
Low Adoption Levels due to limited a va ila bility o f the service
Ea se o f use o f the service
Willingness to spend Rs 57 per month on video c a lling
P otenti a l of gener a ting revenue o f ne a rly Rs 2, 4 00 Crores by 20 1 5
Nearly 51 % o f the pe o ple are ready to ad o pt the service in f u tu re
76 % Aw areness
Com paris o n o f Aw areness and Ad o pti o n (Cu rrent and Fu tu re)
Video calling has appeal across age groups and students are likely to be heavy users
Vide o C alling f u tu re ad o pti o n b y age gr ou ps
H ighest for 18-25 yrs age groupStudents and young professionals
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Vide o C alling
Source: PwC Analysis
Ab ility o f o perat o rs to have easy to u se service
Aff o rda b le P ricing
Mu st n o t b e pr oj ected as a s ub stit u te f o r face -to- face c o nversati o ns
Rather sh ou ld b e p o siti o ned as a m edi um to experience face -to face kind o f c o nversati o ns
Operat o rs need to tread ca u tiou sly since this service is a b and width g u zzler
Success F actors
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VAS K ey Trends
1Mu ltiling u al c o ntent, applicati o n s u pp o rt ar ou nd lang u ages, killer applicati o ns and readiness o f handsets c ou ld drive o ver INR 55 ,000 cr o res o f VAS reven u e b y 2015 . Req u ires
2With the la u nch o f 3G services and expected la u nch o f high b and width BWA services, VASc u rrently has reached its inflexi o n p o int.
3The f u tu re gr ow th in VAS is expected to b e b r o ad b ased in c o ntrast to the past where fe wer services d om inated the VASscene.
4There is str o ng de m and and increasing pr o pensity to pay f o r Regi o nal and mu lti -ling u al c o ntent.
5Medical Advice VAS has the capa b ility to all ow the deprived secti o ns o f s o ciety to access q u ality m edical advice at an aff o rda b le price.
6Su rprisingly, Indian u sers are keen to expl o re vide o calling
7Transacti o nal VAS(m-c omm erce) wou ld need special attenti o n to address the iss u es o f ease o f u se and data privacy.
8De m and f o r ne ws u pdates thr ou gh VAS is high and o perat o r and VAS val u e chain players wou ld need to address the challenges in delivering ne ws u pdates in mu ltim edia at a reas o na b le c o st
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Communic a tionServices
SMSMak ing Video C a lls
Soci a l Networ kingMMSChec king e-m a il
Entert a inment services
Listening to musicRingtones/ W a llpapersB ollywood movies/videosRegion a l la ngu a gemovies/ videosLive sportsMobile TVOnline g a mes
Inf orm a tion services
Wa tching newsupd a tes
Getting medic a l a dvicef rom doctor Internet B rowsingEduc a tion rel a tedWe a ther in f orm a tionInf orm a tion rel a ted toloc a tionGetting in f o/ upd a teson pro f ession
M-Commerce services
B ill pa ymentsB oo king tic kets, hotelB a nk a ccount det a ilsTr a vel rel a tedinf orm a tionB a nking tr a ns a ctionsPa y f or purch a sesP urch a sing productsonlineStoc k m a r ket tr a ding
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0
50
1 00
MobileSubscribers
ATMs
ATMs per 100 ,000 and Mob ile Sub scripti o ns per 100 pe o ple
In India
Low penetrati o n o f ATMs in India
Banking services are the essence o f M Comm erce.
Telec om services are mo re accessi b le than b anking services in e m erging m arkets.
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Emerging M a r kets
Key Ch a r a cteristics o f Emerging M a r kets:
Lower Aver a ge Income
Major segment o f people h a ve no inter a ction with B a nks
Users pre f er a nonymity
Subscribers more com f orta ble with the prep a yment concept
Government policies a re ge a red to support M Commerce
Subscribers e a se with SMS us a ge
P roduct c a tegories
Mobile Tic keting
Mobile B a nking
Mobile B roker a ge
Mobile P urch a se
Mobile M a r keting
Mobile Pa r king Meters
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Mobile Tic ketingTicketing (Events, facilities, tr a nsport a tion)Coupons/Vouchers (Gi f t vouchers, discounts,me a l pla ns.)Ma ss Tr a nsit ( B uses, a irlines, subw a y)Loya lty C a rds (Air miles, Us a ge)
Mobile B a nking
Ca sh Deposits/ Withdr a wa ls (Consumer B a nking)
Remitt a nce (Intern a tion a l/ Loc a l tr a ns f er o f money)
Account B a la nce ( B a la nce Inquiry, Mini st a tement)
Ca sh m a na gement / Credit tr a ns f er ( P 2P tr a ns f er o f money)
Credit C a rd/ Debit C a rd (C a sh Tr a ns a ctions, Credit c a rdch a rge noti f ica tion through SMS)
Monthly Pa yments/ Employee Pa yroll (Subscription/recurring Pa yments)
Mobile B roker a ge
Tr a ding (Investments, quotes, st a tements)
Stoc k a nd Sh a res (Investments, quotes,st a tements, e.g. Stoc k ma r ket )
P ort f olio m a na gement.
Mobile P urch a se
Ret a il of low price products (Groceries, Tic kets etc.)
Mobile phone a pplic a tions (Ring tones, W a llpa pers)
Delivery Service (Gi f ts, f ood a nd bever a ges,groceries)
Other Goods a nd Service
Mobile M a r keting Advertising Ca mp a igns (New products, Subscription Services)Ch a rity C a mp a ignsP olitics (Voting Tool)
Mobile Pa yments
Pa r king meters/ couponsTr aff ic Tic ketsP oint o f S a le
P r o d u cts
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Success f ul Pa yment MethodsCh a rging mobile subscribers billDeducting f rom subscribers c a lling credit.Registr a tion o f a credit c a rd th a t is lin kedto a SIM c a rd.
Addition a l innov a tive methods c a n beintroduced depending on the m a r ket
P re-l a unch P la nning Adequ a te system testingRis k rel a ted to b a nks should be cle a rly identi f ied(oper a tions, str a tegic, reput a tion a nd compli a nce) Joint pro ject m a na gement groups should be set upbe f ore l a unching
Types o f services (e.g. in f orm a tion a l or tr a ns a ction a l) should be st a nd a rdized a ndcomprehensively de f ined.
Security & IntegrityDa ta integrity should be m a inta ined with the use o f encryption f or a ll tr a ns a ctionsEvery tr a ns a ction should h a ve a P IN; Account debita nd credit occurs on receipt o f P IN.Customer receives text con f irma tion with everytr a ns a ction, even ATM, P OS a nd Credit c a rds.
All a ccounts oper a te a s debit a ccounts
Initiatives
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Initiatives - Marketing S trategies
Aggressive marketing campaigns and customer education initiatives are critical.
Comprehensive tr a ining o f f ront end st aff
Customer educ a tion guides
Aggressive medi a cover a ge
Word o f mouth
Know your customer initi a tives
M- commerce requires that customer are comfortable and well versed with all keydynamics of the service.
The f ollowing a ctivities a re strongly recommend:
Insights
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Customer a cquisition should be simple a nd convenient. This will m ak e b a ckend system more robust a ndwill a ttr a ct more customers.Customer a cquisition should be simple a nd convenient. This will m ak e b a ckend system more robust a ndwill a ttr a ct more customers.
Expir a tion d a tes a nd limits should be str a tegic a lly a ligned with customer interest a nd revenue g a ins (e.g.lower top up h a s lower timeline)Expir a tion d a tes a nd limits should be str a tegic a lly a ligned with customer interest a nd revenue g a ins (e.g.lower top up h a s lower timeline)
Low v a lue tr a ns a ctions a re recommended.Low v a lue tr a ns a ctions a re recommended.
Low ch a rges a re recommended to encour a ge high volume us a geLow ch a rges a re recommended to encour a ge high volume us a ge
Marketing S trategies
Mech a nisms to develop consumer con f idence.
B r a nding the service
Customer Loy a lty P rogr a ms
Customer Compl a int resolution
Cla rity & Visibility
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Fu tu re Cou rse o f Acti o n
Exploring other services th a t would h a ve a strong f uture dem a ndRegion a l entert a inmentMedic a l VASVideo C a llingInternet B rowsing, Live Music a nd MoviesEduc a tion Rel a ted, Online G a mesStoc k Ma r ket Tr a ding
Competitor An a lysis
Str a tegy f or di ff erent t a rget m a r ketsExploring new m a r kets: Semi urb a n a nd rur a l a re a s
Ide a s to enh a nce V a s Contribution to over a ll revenue
Communic a tion Str a tegy: P romotion, Advertisements, O ff ers