SIMoME® PAY
Pay

THE WORLD 1ST OPEN PLATFORM OF MOBILE PAYMENT SOLUTION

An open solution complying both telecom and financial requirements for banks, phone makers and MNOs to deploy their own payment ecosystems.

WHY DO YOU NEED SIMOME PAY?

The major players in mobile equipment ecosystem implement their own mobile payment method. This resulted in that other companies are difficult to participate in this game and also unable to affect the game rules defined by major players. By using SIMoME PAY, all enterprise is able to create more business opportunities in global mobile payment market.

WHAT KIND OF PRODUCT TYPE CAN YOU CHOOSE?
WHAT KIND OF PRODUCT TYPE CAN YOU CHOOSE?
HOW TO USE SIMOME PAY?
HOW TO USE SIMOME PAY?
THE COMPARISON OF MOBILE PAYMENT SOLUTION

SIMoME® PAY is the most viable and complete open solution to cater to all your payment requirements.

TRUSTED SERVICE MANAGER
(TSM)		 HOST CARD EMULATION
(HCE)		 SIMOME® PAY
Pros
  • Beneficial to MNOs by controlling the secure element with the SIM
  • Completed standardization and supply chain
  • Matured development in regulation
  • Increased customer loyalty to MNOs
  • No secure element is required inside the mobile phone
  • Simple ecosystem with low setup cost
  • Virtual card distribution
  • Simple ecosystem with low setup cost, same business model with legacy banking card distribution
  • Independent card distribution (Telco agnostic)
  • Loyalty program and Value-Added-Services can be bundled
  • Matured development in regulation
Cons
  • Cumbersome ecosystem with high setup cost
  • Acquisition through MNO channels, no customers ownership for non-Telco parties
  • Agreement between MNO and bank is required before deployment
  • SIM swap is required
  • Requires specific HCE Android device which limits the market
  • Service is easy to be replaced, less customer loyalty and stickiness
  • Software based cloud security, regulation under development
  • Requires mobile data or wifi during transaction
  • Physical card distribution is required like legacy banking card