Mobilizing Payments Within the European Union Framework: A Legal Analysis

Abstract

Gimigliano examines mobile payment services within the European Union framework. In the European Union, policymakers are developing a process of integration to build up a single payment area. This process is based on self-regulation under the umbrella of the European Payment Council and the institutional sources of law, such as Directives and Regulations. Both actions promote interoperability among stakeholder standards, financial stability and fund customer protection. To this end, it is critical to ascertain to what extent Community-based rules and regulations on payment services and electronic money may also be applicable to mobile payments.