Working paper 2010-5
Cooperation for Innovation in Payment Systems: The Case of Mobile Payments
In this paper, we study the development of mobile payments as an innovation in developed countries. In particular, we introduce five cooperation models that have emerged or could emerge between banks, mobile network operators, and payment systems, for the development of this new payment method. We also discuss the regulatory issues posed by the presence of mobile operators in the payments market.
JEL Codes : E42, G21, L96
Keywords : mobile payments; payment systems; mobile banking; mobile commerce.