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Pan-European mobile peer-to-peer payment – and beyond
Journal of Digital Banking,
1
(1),
85-96
(2016)
Abstract
This paper aims to lay out why Europe-wide person-to-person payment may be attractive to end users and banks. It does not attempt to answer all questions in this regard (especially commercial and implementation-related), nor does it claim that this will be easy and all problems will be solved. It does, however, aim to shed some light on why, for strategic and business reasons, very many mobile peer-to-peer solutions are emerging from among banks and third parties, given that for many there does not seem to be an immediate business model. The paper then drills down into some of the important considerations in setting up a pan-European mapping service between proxy identifiers and accounts, which is considered to be a major challenge in making pan-European mobile payment a reality.
Keywords: mobile; P2P; application of instant; pan-European; proxy mapping; consumer payments
The full article is available to subscribers to the journal.
Author's Biography
Dr Michael Salmony is an internationally recognised leader in the field of business innovation in digital and financial services. He is a boardlevel adviser to major international banks, industry associations and regulators across the world, and regularly helps shape future directions in key decision-making bodies. He works with the World Bank in Asia, is a Board Member of FinTech Africa; Advisory Board Member to Mastercard in Latin America; a strategic partner to FinTech Istanbul; a lecturer in ‘AI in FinTech and open banking’ at the Oxford Business School and is extensively published, cited and invited to give keynotes across the world.
Byoungho Jin is Putman and Hayes Distinguished Professor in the Department of Consumer, Apparel and Retail Studies at the University of North Carolina, Greensboro. Dr Jin’s research focuses on international apparel retailing and branding. She has published more than 110 refereed journal papers in top-level journals and made 110 refereed presentations, published six books/edited books, eight book chapters and 70 trade articles. She is an associate editor for Clothing & Textiles Research Journal and Fashion & Textiles.
