Upwardly mobile: how UK lawmakers are tackling mobile payments
Rapid developments in the UK mobile payments market have left it the subject of overlapping supervision from several different agencies, says Jamie Gray at Norton Rose Fulbright
In the UK, the complexity of the payments landscape has led to a diverse regulatory environment in which various organisations have responsibility for regulatory oversight, often with similar interests. European Union law adds another important dimension, particularly as Europe heads towards a digital single market.
What are mobile payments and payment systems?The term 'mobile payment' broadly covers any payment method that involves a mobile phone at any point during the course of a transaction
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