With mobile devices having achieved near full market penetration and increasingly rich functionality they are an ideal channel for Single Euro Payments Area () payment instruments. Creating ease, convenience and trust for end-customers (payers/consumers and beneficiaries/merchants) is regarded as critical for the further development of mobile payments (m-payments).
Since a mobile wallet may be considered a key tool to address these challenges, the European Payments Council () has decided to devote a white paper to this concept in relation to m-payments. This document outlines among other things, how trust in, (and availability of), a wide range of easy to use services offered with mobile wallets may be seen as a facilitator for m-payments. In July 2013 the issued a first draft of the white paper on mobile wallet payments to seek comments from all interested parties and received feedback from 18 different stakeholders. Subsequent to careful analysis of the contributions received, the has now published a final version of the white paper (see ‘related files’ below).
For an overview of the topics discussed in the white paper on mobile wallet payments, refer to the Blog published on 21 January 2014 (see ‘related links’ below).
If you would like to comment on this article, please identify yourself with your first and last name. Your name will appear next to your comment. Email addresses will not be published. Please note that by accessing or contributing to the discussion you agree to abide by the EPC website conditions of use.