„EPC Overview on Mobile Payments Initiatives” describes various existing and new initiatives on mobile payments and aims to create awareness on the latest developments, based on the contributions by EPC members and Initiatives reported in various newsfeeds. It contains sections highlighting underlying payment instruments, mobile wallet initiatives, and developments on mobile points of sale (mPOS), all of which have newly appeared on the market over the past year.
Romania is mentioned with the M-Pesa mobile money transfer system, which allows clients to send cash with their telephones. „The move represents a reversal of usual trends, whereby new technology spreads from Europe to Africa”, according to the report. M-Pesa stated to have chosen Romania because „there was, and there is still, a large part of the population which does not have a bank account. Only about 50 percent of the population of Romania has a bank account. And the other half is mostly still using cash.”
The first edition of the report included initiatives launched between November 2013 and May 2014 within the Single Euro Payments Area (SEPA) and outside. The second edition features, in addition, initiatives launched between June and October 2014.
The collection of the initiatives is done on a best-effort basis and is not exhaustive. The inclusion of any initiative into the document does not imply that EPC in any form endorses, supports, or recommends such initiative.
„EPC Overview on Mobile Payments Initiatives” – full report for download.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
