Regulators in the European Union may choose to stimulate payments using mobile devices as those in other areas face struggles with services that are currently drawing the participation of industry leaders such as Apple Inc., Google Inc., and Visa Inc. According to a document produced by the European Commission that looks into perspectives for future industry regulations, the region doesn’t yet have a “concrete European framework” in place for systems that provide customers with the ability to buy products and services using their mobile phones. The document stated that “As…
Read MoreEuropean Union debates mobile payment regulations as more industry giants take part
