Missing key investments, EU may act to spur mobile payments

11/28/2011 | Bloomberg

The flow of investment in mobile payments to other parts of the world may bring action from the European Union to generate a "concrete European framework" for the continent. Absent such a border-spanning protocol, the European market risks being "fragmented" as the "the largest and most promising global m-payment initiatives are currently launched outside Europe," according to a European Commission document reported by Bloomberg.

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