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Global Mobile Payments Regulations: Hoping for Technology Standardization

  • ID: 3023600
  • Report
  • Region: Global
  • 23 Pages
  • Mercator Advisory Group
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Regulators Around the World Lack Unified Approach to Emerging Mobile Payments Services


  • Airtel
  • Alipay
  • Apple
  • Bankserv
  • MasterCard
  • M-Pesa
  • MORE
New Research On Global Trends In Mobile Payments Regulation

The promise of mobile payments in both emerging and mature markets around the world has sparked enthusiasm in recent years. However, the race to develop mobile payment services has resulted in a fragmented marketplace with different technology types and business models. The lack of industry agreement on how best to implement mobile payments has further complicated the difficult task of regulating the emerging mobile payments space.

A number of countries have begun enacting regulatory frameworks for mobile payments with a focus on ensuring competition in the new market space. A key goal is encourage interoperability among the various mobile payment service providers in order to lower costs and ensure the widespread adoption of mobile payments. Industry participants counter that this strategy removes competitive advantages and discourages innovation.

The report titled 'Global Mobile Payments Regulations: Hoping for Technology Standardization' reviews current and proposed mobile payments regulation around the world. The report sizes the market, describes two different general approaches to regulation, and presents examples of each from different countries. Three business models for interoperability between mobile network operators and financial institutions are described, and their advantages and disadvantages for the mobile payments space are analyzed.

“To date, very few countries around the world have opted to create the initial regulatory frameworks required to oversee the emergence of mobile payments. This is in part because of different regulatory attitudes among countries, but a more significant factor is the fact that the mobile payment and the technology powering it are still evolving,” commented Tristan Hugo-Webb, Associate Director of the International Advisory Service and the author of the note.

Highlights of the report include:

- An overview of the mobile payments potential today and in the future globally
- A review of current mobile payments regulation around the world
- Insight into the argument for interoperability and business models being employed or considered around the world
- A case study of direct connectivity to ACH
Note: Product cover images may vary from those shown
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  • Airtel
  • Alipay
  • Apple
  • Bankserv
  • MasterCard
  • M-Pesa
  • MORE
1. Executive Summary

2. Introduction

3. The Promise of Mobile Payments

4. What Is a Mobile Payment?

5. Today’s Global Mobile Payment Regulations: Two Approaches
Setting Mobile Payment Standards
Creating a Competitive Mobile Payment Ecosystem

6. Mobile Payment Service Interoperability: Business Models
What Is Interoperability?
Three Business Models to Achieve Interoperability of Mobile Payments
- Bilateral Agreements Between Providers and Banks
- Establishing a Neutral Processor for Interoperability
- Direct Connectivity to National ACH
Case Study of Direct Connectivity to ACH: U.K.’s Zapp
Interoperability and Apple Pay
Interoperability Conclusions

7. The Future of Mobile Payment Regulation

8. Conclusions
For more information about this report

Figures and Tables

Figure 1: Mobile Subscriptions per 100 People, 2013
Figure 2: Smartphone Penetration Is Growing Globally, 2013–2017F
Figure 3: Mobile Commerce via Smartphones Worldwide, 2013
Figure 4: Global Mobile Payment Transactions, 2011–2015F
Figure 5: Mobile Payment Types
Figure 6: Bilateral Agreements between Mobile Money Operators and Banks to Achieve Interoperability
Figure 7: Mobile Payments Interoperability via a Neutral Processor
Figure 8: Direct Connectivity to National ACH Model to Achieve Mobile Payments Interoperability
Figure 9: The Future of Global Mobile Payment Regulation

Table 1: History of International Mobile Payment Regulation
Note: Product cover images may vary from those shown
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- Airtel
- Alipay
- Apple
- Bankserv
- M-Pesa
- MasterCard
- Payments NZ
- Tigo
- Visa
- Zantel
- Zapp

Note: Product cover images may vary from those shown