A SIM Overlay Platform to Extend Phone Payments Offline

Ross Anderson at the University of Cambridge in the United Kingdom will develop technology to enable secure offline phone-to-phone and card-to-phone payments between customers and merchants. The ability to use mobile phones to make and receive payments has expanded access to secure financial services in low-resource settings. However, the requirement of a network connection makes it particularly problematic in rural communities. They will develop SIM overlay technology, modern cryptography and audio coupling to securely transfer payments offline also from a SIM format payment card for those without a phone. Merchants can then bank the payments periodically whenever they have a network connection. They will evaluate their prototype for usability and security, and work towards interoperability across countries so that migrant workers can also use it.