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The EPC has 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’.
This document describes various existing and new initiatives on mobile payments and aims to create awareness on the latest developments, based on the following sources:
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.
This first version of the report includes initiatives launched over the last seven months (November 2013 through May 2014) within SEPA and outside.
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.