The European Payments Council (), working together with all stakeholders active in the mobile payments ecosystem, is willing to contribute to the development of a reliable and secure ecosystem for the initiation and receipt of Single Euro Payments Area () payments by mobile phone.
In July 2013 the EPC issued a first draft of the white paper on mobile wallet payments to seek comments from all interested parties. The EPC received feedback from 18 different stakeholders in the mobile wallet ecosystem including vendors, mobile network operators, mobile wallet and other service providers, and standardisation and industry organisations. Subsequent to careful analysis of the contributions received, the EPC published a final version of the white paper in January 2014 (see ‘related files’ below).
Feedback from stakeholders has ensured that the following are also included in the updated version of the white paper:
- An updated description of the use cases through the daily life of a mobile wallet holder.
- An updated description of the different stakeholders in the mobile wallet ecosystem and in the overview of the different mobile wallet models.
- More emphasis on the security aspects of mobile wallet infrastructures with their components and the secure environment to host the mobile payment application and / or data.
- An annex providing a short description of the SEPA payment instruments.