The GSMA is working with the European Payments Council to accelerate m-commerce.
The two trade bodies aim to speed up the deployment of services that enable consumers to pay for goods and services using their phones. These services will be facilitated by a ‘Trusted Service Manager’, which will support banks and mobile operators in the distribution, configuration and activation of the bank’s payment application.The GSMA, through its Pay-Buy-Mobile initiative, and the EPC will focus initially on defining a contractual framework document detailing the minimum set of requirements for a Trusted Service Manager to interface with banks and mobile operators.
The European Payments Council represents 8,000 banks in the European Union, EEA and Switzerland
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