On 26 June 2014, the European Payments Council (EPC) published the document ‘EPC Overview on Mobile Payments Initiatives’.

Mobile phones have achieved full market penetration and rich service levels, making them an ideal channel for payment instruments. At the same time, the mobile payments ecosystem continues to grow and mature rapidly.

What this means for you

For stakeholders in the payments industry, it is important to have a good insight into the latest trends within mobile payments and market developments. The EPC has therefore decided to provide an overview on the new initiatives on mobile payments in the Single Euro Payments Area (SEPA) and beyond, which is reflected in the newly published ‘Overview of Mobile Payment Initiatives’.

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