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12 December 2014

EPC published the second edition of the overview of mobile payments initiatives in SEPA and beyond

This document describes various existing and new initiatives on mobile payments and aims to create awareness on the latest developments.

The goal of the EPC is to deliver rules and standards for the cooperative space of payment services in SEPA through the development and promotion of standards, best practices and schemes within SEPA.

For mobile payments this means establishing high level principles in order to create the necessary standards and business rules for payment service providers in this new area.

The overall role of the EPC is to contribute to the promotion of the Single Euro Payments Area (SEPA) and to the evolution of an integrated market for payments in Europe, through helping in or facilitating the development and promotion of standards, best practices and schemes.

Since mobile phones have achieved full market penetration and rich service levels they are an ideal channel for payment instruments. The usage of the mobile phone is hereby primarily considered for the payment initiation whereas the underlying payments are based on existing payment instruments. Since the mobile payments ecosystem continues to grow and mature, the future of a SEPA market for mobile payment services needs to be taken into consideration. Additional high-level principles, requirements and rules for mobile payments in addition to the underlying payment instrument are necessary to ensure a consistent consumer experience and interoperability.

Therefore the EPC fosters cross-industry cooperation to enable the mobile handset to become an efficient channel to initiate payments.

The present document aims to provide an overview on existing and potential initiatives in the mobile payments market.

The main purpose of this report is to create awareness on the latest developments based on the following sources:

  • Contributions by EPC members on community initiatives;
  • Initiatives reported in various newsfeeds.

The overview portrays the initiatives on mobile payments, mobile wallets and mPOS within the SEPA area and outside and is split into two periods: the last five months (June 2014 – October 2014) and the previous seven months (November 2013 – May 2014).

Full overview


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